Alvarium tiedemann announces issuance of bonus shares to non-redeeming public shareholders

New york--( business wire )--alvarium tiedemann holdings, inc. (nasdaq: alti) (“alvarium tiedemann” or “alti” or the “company”) announced that in accordance with the sponsor support agreement, dated as of september 19, 2021 (as amended, the “sponsor support agreement”), at the closing of the business combination, cartesian's sponsor, cgc sponsor llc, forfeited a total of 2,118,569 shares of class a common stock, which shares were issued to public shareholders of cartesian who did not elect to redeem their shares and investors in the private placement consummated concurrently with the closing of the business combination (collectively, the “bonus shares”).
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