Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: NightDragon, VectoIQ II, and Fortistar Sustainable Solutions Corp.
Night Dragon Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
NightDragon Acquisition Corp. (NASDAQ: NDAC) anticipates that the last trading day of its public shares on Nasdaq will be December 2, 2022. The company will redeem all of the outstanding shares of Class A common stock for approximately $10.07 per share.
READVectoIQ Acquisition Corp. II Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
VectoIQ Acquisition Corp. II (Nasdaq: VTIQU) announced that if stockholders approve an amendment to its trust agreement, it will redeem all of its outstanding shares of Class A common stock, effective as of December 12, 2022 because the company was unable to complete an initial business combination.
The special meeting is to be held on December 9, 2022.
The per-share redemption price for the public shares is expected to be approximately $10.07, assuming the stockholders approve the early termination proposals at the meetings.
READFortistar Sustainable Solutions Corp. to Liquidate Trust
At the special meeting of stockholders of Fortistar Sustainable Solutions Corp. (NASDAQ:FSSI), stockholders approved an amendment to allow the Company to redeem all of its outstanding shares of Class A common stock in advance of its contractual expiration date of January 29, 2023 by changing the termination date to December 2, 2022.
The company will be obligated to redeem all public shares as promptly as reasonably possible but not more than ten business days after the new termination date. Fortistar expects to complete the mandatory redemption on or around December 7, 2022 at a per-share redemption price of approximately $10.08.
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Lake Superior (NASDAQ:LKSPU) has filed for a $100 million SPAC as its CEO attempts to go three-for-three with SPACs that led to completed deals. This new vehicle has one right to a 1/6 share in each unit and some common features of a SPAC underwritten by Cohen & Company in this current climate. Although the...
At the SPAC of Dawn De-SPACs were among the biggest movers in yesterday’s stock market rally, but most of this momentum came on the backs of direct earnings performance. Only three US-listed companies had bigger one-day gains than quantum computing firm D-Wave’s (NYSE:QBTS) +51.2% jump. This came as the company announced $15 million in revenue...
EGH Acquisition Corp. (NASDAQ:EGHAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EGHAU”, Friday, May 8, 2025. The new SPAC aims to combine with a target company in the energy transition or sustainability arena that help industries achieve efficiencies and decarbonization....
At the SPAC of Dawn Fed Chair Jerome Powell announced yesterday that the body intends to keep rates unchanged, earning him the moniker “FOOL” by US President Donald Trump. But, the announcement could bring some stability to market, which has seen macro factors pull it a variety of directions since the start of the year....
Tariffs, Trade Routes, and Tech: Freightos’ View from the Cargo Frontlines 2025 is shaping up to be a wild year for global trade, and few companies have a vantage point on the impacts of every-changing tariff policy quite like digital cargo-booking platform Freightos (NASDAQ:CRGO). This week, we catch up with Freightos CEO Zvi Schreiber. He shares...