Benzinga | Nov 30, 2021 05:04PM EST

Altimeter Growth Corp. Shareholders Approve Business Combination With Grab

Altimeter Growth Corp. ("AGC" or "the company") (NASDAQ:AGC) today announced AGC shareholders approved the previously announced business combination with Grab, Southeast Asia's leading superapp, at an extraordinary meeting of shareholders today.

Shareholder redemptions were effectively 0%, at 0.02%. Complete official results of the vote and shareholder redemption will be included in a Current Report on Form 8-K to be filed by AGC with the Securities and Exchange Commission (the "SEC").

As previously disclosed, the transaction is expected to close December 1, 2021, subject to the satisfaction or waiver of customary closing conditions. Following the close of the business combination, Grab's Class A common stock is expected to begin trading on the Nasdaq on December 2, 2021 under the ticker symbol "GRAB."