Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Mission Advancement Acquisition Corp., and Clarim Acquisition Corp.
Mission Advancement Acquisition Corp. Shareholders Approve Liquidation Date Amendment
On December 6, 2022, the stockholders of Mission Advancement Corp. approved an amendment to allow the company to unwind and redeem all of its outstanding public shares prior to December 30, 2022.
Following the implementation of the amendment, the Board of Directors of Mission Advancement set December 7, 2022 as the amended termination date.
Holders of 34,035,401 public shares of Class A Common Stock exercised their right to redeem their shares for cash at a redemption price of approximately $10.07 per share, for an aggregate redemption amount of approximately $342,841,438.
Following such redemptions, 464,599 public shares of Class A Common Stock remain outstanding. Mission Advancement expects to redeem all remaining public shares of the company on December 14, 2022, for a total redemption amount of approximately $4,679,945, and a per-share amount of $10.07.
READClarim Acquisition Corp. Shareholders Approve Liquidation Date Amendment
On December 7, 2022, Clarim (NASDAQ:CLRM) held a special meeting where stockholders approved a proposal to liquidate early.
The Board has established December 7, 2022 as the early termination date. As such, the last day of trading of Clarim’s public shares and units on the Nasdaq Stock Market LLC was on December 7, 2022. The company expects to complete the redemptions on or about December 12, 2022.
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Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...