FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) announced this morning that it plans to push its extension vote scheduled for this afternoon to 4:30 pm ET tomorrow, September 19.
As the SPAC continues to engage with shareholders, they are to consider its proposal to extend the SPAC’s transaction deadline to January 19, 2024 without the sponsor making an additional contribution to the trust.
FTAC Emerald goes into the vote with its full compliment of IPO shares adding up to a $259.4 million trust with a redemption rate of $10.43. Earlier this month, it signed a non-redemption agreement with third parties securing 1,000,000 shares from being redeemed and it may be at work on additional measures.
It has not yet released any additional information on the LOI target that FTAC Emerald first highlighted in June. But, its team is chaired by serial SPAC sponsor Betsy Cohen, who has made a career of bringing fintech firms to market, alongside CEO Bracebridge H. Young, who has specialized in sustainability investments.
By announcing the LOI, it gained an automatic extension to September 20, but this extension vote will be its first chance its investors have to redeem shares. It closed Friday trading at its $10.43 redemption rate.
Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its stockholders voted in favor of the proposed business combination with Conduit Pharmaceuticals Limited (“Conduit”). Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the closing to occur as soon as practicable, subject to the satisfaction or waiver...
Latest SPAC Liquidations: Juniper II Corp. Juniper II Corp. (JUN) to Liquidate on October 10, 2023 Juniper II Corp. (NYSE: JUN), today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock with such redemption anticipated to be effective as of October 10, 2023. The...
TradeUP (NASDAQ:UPTD) announced in an 8-K this afternoon that has entered into additional subscription agreements in connection with its combination with Estrella Biopharma. Under these subscription agreements, Plentiful Limited and Lianhe World Limited, collectively known as the “Investors”, agreed to each buy $5,000,000 worth of UPTD’s common stock, priced at $10.00 per share. However, if,...
Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNA) has closed its combination with insuretech firm Roadzen and its shares and warrants will begin trading on the Nasdaq tomorrow, September 21, under the symbols “RDZN” and “RDZNW”. The SPAC secured shareholder approval for the deal about a month ago in an August 25 vote and it has...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Abu Dhabi royal-backed firms to merge in region’s first SPAC deal ADC Acquisition Corporation (ADC.AD), a blank-cheque company backed by a prominent Abu Dhabi royal, has agreed to acquire state investment fund ADQ’s United Printing & Publishing,...