Latest SPAC Liquidations: Ascendant Digital Acquisition Corp. III, Mason Industrial Technology, Catalyst Partners Acquisition Corp. Ascendant Digital III (ACDI) to Liquidate on February 16 Ascendant Digital Acquisition Corp. III (NYSE: ACDI) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 16, 2023. More
Armada I (NASDAQ:AACI) announced this afternoon that it has further postponed its extension vote, marking the third postponement for its special meeting. The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, then January 31, and is now scheduling it for February 2. More
Cetus Capital Acquisition Corp. priced its $50 million IPO and its units began trading on the Nasdaq under the symbol "CETUU" Wednesday, February 1, 2023. The new company intends to focus its search for a target business in the industrials, information technology and Internet-of-Things industries with an intention to initially prioritize Taiwan. More
Tailwind Acquisition Corp. (NYSE:TWND) announced this afternoon that it has closed its combination with laser technology firm NUBURU. The SPAC's shareholders approved the deal at a special meeting held in December 2022, but did not provide a closing date at that time. More
The shortest month of the year is kicking off this time around with a front-loaded series of lock-up expirations marking 10 de-SPAC'd companies and eight sponsors newly freed to trade their shares in total. More
Revelation Biosciences (NASDAQ: REVB), which completed a merger transaction with Petra Acquisition, announced this afternoon that it will implement a 1-for-35 reverse split of its common stock. The company gained shareholder approval for the reverse stock split at a special meeting held yesterday and will be effective as of tomorrow morning, February 1. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Arrival appoints new CEO after laying off 50% of workforce, Hambro SPAC ditches merger talks with Istesso, and DocGo partners with Dollar General EV startup Arrival appoints new CEO, posts plan to lay off 50% of its workforce UK-based electric vehicle startup Arrival has announced plans to lay off half of its workforce as part of its efforts to cut costs. More
L Catterton Asia (NASDAQ:LCAA) has entered into a definitive agreement to combine with luxury electric vehicle manufacturer Lotus at an enterprise value of $5.4 billion. Wuhan, China-based Lotus Technology develops and sells high-performance sportscars with a new SUV model debuting in early 2023. More
Beard Energy Transition (NYSE:BRD) and Berenson I (NYSE:BACA) announced this morning that they will be canceling their special meetings to extend transaction deadlines. Beard Energy disclosed that it intends to withdraw from consideration by its stockholders the proposals set forth in the proxy. More
Lionheart III (NASDAQ:LION) announced in an 8-K this morning that its shareholders approved its combination with advanced materials company Security Matters (ASX:SMX) at a special meeting January 30. The filing did not divulge redemption figures, but the SPAC's shares spiked to a high of $14. More
