Latest SPAC Liquidations: MDH, RXR, and Oyster Enterprises
MDH Acquisition Corp. (MDH) to Liquidate on December 29
MDH Acquisition Corp. (NYSE: MDH) filed a definitive proxy statement relating to a special meeting of stockholders to redeem all of its outstanding shares of Class A common stock by changing the company’s liquidation date from February 4, 2023 to December 29, 2022.
READRXR Acquisition Corp. (RXRA) to Liquidate on December 20
RXR Acquisition Corp. (NASDAQ: RXRA) announced today that the company intends to dissolve and liquidate. It will redeem all of the outstanding shares of Class A common stock at an anticipated per-share redemption price of approximately $10.00.
As of the close of business on December 20, 2022, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.
READOyster Enterprises (OSTR) to Liquidate on December 19
Stockholders of Oyster Enterprises Acquisition Corp. (Nasdaq: OSTR) approved an amendment to allow the company to redeem all of its issued and outstanding shares of Class A common stock by changing the termination date to December 19, 2022.
The company expects to complete the redemption on or around December 22, 2022 at a per-share redemption price of approximately $10.07.
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Hudson Acquisition I Corp. (NASDAQ:HUDA) announced that it has signed a non-binding letter of intent (LOI) to combine with a pre-clinical-stage biotechnology company. The SPAC did not provide many details on the unnamed target, but disclosed that the biotech company is focused on developing intranasal preventives for major disease-causing respiratory viruses. As a condition to the target...
Heading into April, SPACs are to see eight sponsors and 11 de-SPAC’d companies freed from lock-ups and ready to trade. Most of these lock-up expirations are loaded into the final week of the month, but those hitting this milestone already next week include some of the more interesting transactions of the crop. In particular, MoonLake...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Shares of Digital World jump after Trump’s indictment, and pair of Delaware Chancery court decisions deny motions to dismiss SPAC shareholder’s fiduciary breach claims Trump-Tied SPAC’s Shares Jump After Historic New York Charge The...
Ares Acquisition Corporation II (NYSE:AACT) filed its S-1 yesterday afternoon for a $400 million IPO, marking the second SPAC to file for an IPO in March and the largest since December 20, 2021, when Gores Holdings X Inc. filed for a $725 million SPAC. Ares II intends to focus its search on an established target...
Latest SPAC Liquidations: TCV Acquisition Corp. TCV Acquisition Corp. (TCVA) to Liquidate on April 13 TCV Acquisition Corp. (Nasdaq: TCVA) announced that it intends to dissolve and liquidate. It will redeem all of the outstanding Class A ordinary shares that were included in its initial public offering at a per-share redemption price of approximately $10.24. As...