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Chamath Palihapitiya, backer of the Social Capital Hedosophia Holdings Corp. special-purpose acquisition corporations, or SPACs, is winding down two vehicles after failing to find target companies within the required time frame.

Related tickers: IPOD, IPOF, SPCE, OPEN, CLOV, SOFI, PROK, AKLI.

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The most prolific SPAC sponsor just made a big announcement.

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