Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Simon Property, Healthcare Services, Gaming & Hospitality, Gores Holdings VIII & VII, Gores Technology Partners I & II, VectoIQ, Pioneer, Accelerate, TCW, and Bright Lights
Simon Property Group Acquisition Holdings to Liquidate
At the special meeting of the stockholders of Simon Property Group Acquisition Holdings, Inc. (NYSE:SPGS) held on December 15, 2022 stockholders approved an amendment to change the date by which the company must complete a merger, from February 18, 2023, to December 16, 2022.
The company expects to complete the mandatory redemption on or around December 21, 2022, at a per-share redemption price of approximately $10.00.
READHealthcare Services Acquisition Corp. to Liquidate
Gaming & Hospitality Acquisition Corp. to Liquidate
On December 15, 2022, the stockholders of Gaming & Hospitality Acquisition Corp. (Nasdaq: GHAC) approved an amendment to allow the company to redeem all of its issued and outstanding shares of Class A common stock by changing its liquidation date to December 15, 2022.
The company expects to complete the Mandatory Redemption on or around December 20, 2022 at a per-share redemption price of approximately $10.10.
READGores Holdings VIII, Inc. to Liquidate
Gores Holdings VIII, Inc (Nasdaq: GIIX)announced that it filed a definitive proxy statement relating to a special meeting of stockholders to allow the company to redeem all of its outstanding shares of Class A common stock prior to December 31, 2022.
If the proposals are approved, the company will redeem all shares as promptly as reasonably possible after the amended termination date. The company expects to complete the redemption on or around December 30, 2022 if stockholders approve the proposals. Additionally, the last day of trading of the Public Shares will be December 29, 2022 if stockholders approve the proposals.
READGores Holdings VII, Inc. to Liquidate
On November 23, 2022, Gores Holdings VII, Inc. (NASDAQ:GSEV) filed a definitive proxy statement relating to a special meeting of stockholders to allow the company to redeem all of its outstanding shares of Class A common stock by changing the liquidation date from February 25, 2023 to December 15, 2022.
The company expects to complete the Mandatory Redemption on or around December 16, 2022 if stockholders approve the Proposals. Additionally, the last day of trading of the Public Shares will be December 15, 2022 if stockholders approve the Proposals.
READGores Technology Partners to Liquidate
On November 23, 2022, Gores Technology Partners, Inc. (NASDAQ:GTPA) filed a definitive proxy statement relating to a special meeting of stockholders to allow the company to redeem all of its outstanding shares of Class A common stock by changing its termination date from March 16, 2023 to December 15, 2022.
The Company expects to complete the Mandatory Redemption on or around December 16, 2022 if stockholders approve the Proposals. Additionally, the last day of trading of the Public Shares will be December 15, 2022 if stockholders approve the Proposals.
READGores Technology Partners II to Liquidate
On November 23, 2022, Gores Technology Partners II, (NASDAQ:GTPB) filed a definitive proxy statement relating to a special meeting of stockholders to change the company’s termination date from March 16, 2023 to December 15, 2022.
The company expects to complete the redemption on or around December 16, 2022 if stockholders approve the Proposals. Additionally, the last day of trading of the shares will be December 15, 2022 if stockholders approve the Proposals.
READVectoIQ Acquisition Corp. II to Liquidate
At the special meeting of stockholders of VectoIQ Acquisition Corp. II (NASDAQ:VTIQ), held on December 9, 2022, stockholders approved an amendment to change the date by which the company must consummate an initial business combination from January 11, 2023 to December 9, 2022.
Holders of 33,583,054 public shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.06 per share, for an aggregate redemption amount of approximately $337,962,418.
READPioneer Merger Corp. to Liquidate
On December 15, 2022, Pioneer Merger Corp. (NASDAQ:PACX) decided that it will redeem all of its outstanding Class A ordinary shares, effective as of January 13, 2023, because its Board of Directors has concluded that the company will not be able to complete an initial business combination.
Based on the balance of the company’s trust account as of December 15, 2022, such amount per share is expected to be $10.10 plus interest accrued through January 12, 2022.
READAccelerate Acquisition Corp. to Liquidate
On November 28, 2022, Accelerate Acquisition Corp. (NYSE:AAQC) filed a definitive proxy statement relating to a special meeting of shareholders to change the company’s termination date from March 22, 2023 to December 15, 2022.
If the Proposals are approved, the company expects to complete the Mandatory Redemption on or around December 16, 2022. Additionally, the last day of trading of the Public Shares will be December 15, 2022, if shareholders approve the Proposals.
READTCW Special Purpose Acquisition Corp. to Liquidate
On November 25, 2022, TCW Special Purpose Acquisition Corp. (NYSE:TPSQ) filed a definitive proxy statement relating to a special meeting of shareholders to change the company’s termination date from March 4, 2023 to December 15, 2022.
The Company expects to complete the Mandatory Redemption on or around December 16, 2022, if shareholders approve the Proposals. Additionally, the last day of trading of the shares will be December 15, 2022, if shareholders approve the Proposals.
READBright Lights Acquisition Corp. to Liquidate
Bright Lights (NASDAQ:BLTS) stockholders approved a proposal to amend the company’s termination date from January 11, 2023, to December 12, 2022.
The Company estimates that the total Redemption Amount will be approximately $5,023,900, and the per-share Redemption Amount will be approximately $10.00.
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McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....