Latest Non-Redemption Agreements: Northern Star Investment Corp. III, Northern Star Investment Corp. IV, M3-Brigade II
Northern Star Investment Corp. III (NSTC) Enters Non-Redemption Agreement
Northern Star Investment Corp. III (NYSE:NSTC) entered into its fourth non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 1,400,000 shares in connection with the special meeting to extend its timeline from March 4 to September 4.
In exchange for the commitment, the sponsor will transfer 350,000 shares to the investors immediately following the completion of an initial business combination.
READNorthern Star Investment Corp. IV (NSTD) Enters Non-Redemption Agreement
Northern Star Investment Corp. IV(NYSE:NSTD) entered into its fourth non-redemption agreement with several unaffiliated third parties holding an aggregate of 1,000,000 shares. The company faces a completion deadline of March 4 but is hoping to extend it to September 4.
In exchange for the commitment, the Sponsor will transfer 250,000 shares to the investors immediately following the completion of an initial business combination if they continue to hold the non-redeemed shares through the extension.
READM3-Brigade Acquisition Corp. II (MBAC) Enters Non-Redemption Agreement
M3-Brigade Acquisition Corp. II (NYSE:MBAC) entered into non-redemption agreements with unaffiliated third parties in exchange for such third parties agreeing not to redeem 4,052,653 shares in connection with the special meeting of stockholders to consider a completion extension from March 8 to December 8.
In exchange for the commitments, the sponsor has agreed to transfer an aggregate of 1,013,161 shares of the company’s class B common stock to the investors promptly upon completion of the extension.
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After announcing its intent to liquidate yesterday, Blockchain Moon Acquisition Corp.(NASDAQ:BMAQ) disclosed this afternoon that it no longer plans to dissolve its trust and will instead continue its search for an alternative target to combine with. The decision to liquidate followed the SPAC’s unilateral termination of its $163 million deal with Web 3.0 infrastructure builder DLTx ASA (OSX:DLTX)....
Four Leaf Acquisition Corp. priced its downsized $52 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FORL” Friday, March 17, 2023. The SPAC intends to pursue an acquisition of a company focused on the Internet of Things (“IoT”) and adjacent technologies that target the IoT market such...
JATT Acquisition Corp. (NYSE: JATT) announced this afternoon that its shareholders have approved its combination with clinical-stage biotechnology company Zura Bio. A total of 4,907,863 ordinary shares, or 95.5% of JATT’s issued and outstanding ordinary shares, were present at today’s special meeting. The business combination was overwhelmingly approved as holders of 4,903,764 ordinary shares, or 99.9% of...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Energy storage stockholders sue SPAC board alleging deceit, Virgin Orbit stock falls on operations pause, and tax surprises surface for SPACs Energy Storage Stockholders Sue SPAC Board Alleging Deceit Stockholders for an energy storage company...
GX Acquisition Corp. II (OTC:GXII) announced this morning that its shareholders have approved its combination with rare earth mineral miner NioCorp (TSX:NB) and the parties expect to close the transaction on March 17. The SPAC showed in an earlier 8-K filing that it saw about 95% of shares redeemed at the March 15 shareholder vote,...