Spartan DeSPAC $8 Million Settlement, What Shareholders Need to Know and How to Get Paid
Spartan Acquisition Corp. II’s sponsor, directors, and affiliated entities — including Apollo Global Management — have agreed to pay $8 million to settle a class action lawsuit that accused them of blocking shareholders from properly exercising their redemption rights before the company’s merger with Sunlight Financial Holdings. The lawsuit alleged that Spartan’s sponsor, directors, officers…
