Berenson Acquisition Corporation I (NYSE:BACA) announced this afternoon that it adjourned today’s special meeting to extend its transaction deadline to 12 p.m. ET on February 7.
The SPAC currently has a completion deadline of March 30, but is seeking shareholder approval to extend it to September 30. In light of the adjournment, Berenson has also extended the deadline for stockholders to submit their shares for redemption to 5 p.m. ET on February 3.
This marks Berenson’s second adjournment for its extension vote. The SPAC had originally scheduled the meeting for December 13 before postponing it to today.
Berenson announced the pricing of its $250 million IPO in September 2021 but has not yet announced a business combination. The company intends to combine with a business that is operating in the software and technology-enabled services sector with recurring revenue, the prospect for high free cash flow conversion at scale, and an enterprise value of at least $1 billion.
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...
NMP (NASDAQ:NMPU) has filed for a $100 million SPAC to conduct a broad search for a target, leveraging its team’s past consultancy work. The new SPAC’s units are set to contain one right to a 1/5 share. That is more generous to investors than the unit structure for Maxim Group’s other new SPAC filing this...
At the SPAC of Dawn Futures are green ahead of the Fed Chair Jerome Powell’s highly anticipated press conference at 2:30 pm ET today following two days of Federal Reserve meetings. Several other Fed members are expected to speak on Friday, but any news on rate changes is likely to come out of today’s speech,...
Dune Acquisition Corporation II (NASDAQ:IPODU) announced the pricing of its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPODU”, Wednesday, May 7, 2025. The new SPAC aims expects to conduct a broad search for a combination target, but is interested in companies that are in the...