Latest Non-Redemption Agreements: Inception Growth, Vector II
Inception Growth Acquisition (IGTA) Inks Non-Redemption Agreement
Inception Growth (NASDAQ:NSTC) entered into a non-redemption agreement with investors securing 400,000 shares that will not be redeemed in connection with the special meeting to extend its transaction deadline by six months from March 13 to September 13.
In exchange for the commitment, the sponsor will transfer 120,000 common shares to the investors immediately following the completion of an initial business combination. Inception Growth would not make a contribution to its trust if this vote is successful, but it may automatically extend its deadline twice in three-month increments in exchange for a $0.10 per share contribution.
READVector Acquisition Corporation II (VAQC) Secures 3.5M Shares in Non-Redemption Agreement
Vector II (NASDAQ:VAQC) signed non-redemption agreements with shareholders covering a total of 3,500,000 shares as it seeks to push its transaction deadline a full year from March 12, 2023 to the same date in 2024.
These shareholders will receive 1,050,000 newly issued Class A shares in return and Vector II’s sponsor has agreed to forfeit the same number of promote shares (9.3%).
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NMP Acquisition Corp. (NASDAQ:NMPAU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NMPAU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company that has a resilient business model with potential to scale up revenue. NMP’s management...
Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIIU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company in the financial services technology (fintech) sector and fintech adjacent sectors that...
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...