Latest SPAC Liquidations: Class Acceleration, SOAR Technology, and Argus Capital
Class Acceleration Acquisition Corp. (CLAS) to Liquidate on December 29
Class Acceleration’s (NYSE:CLAS) board of directors has determined to liquidate and dissolve the company as soon as practicable before December 31, 2022. The securities last day of trading on the NYSE will be on December 29, 2022 and the redemption date is expected to be on December 30, 2022.
READSOAR Technology Acquisition Corp. (FLYA) to Liquidate on December 20
SOAR Technology Acquisition Corp. (NYSE: FLYA) announced yesterday that it intends to dissolve and liquidate, effective as of the close of business on December 20, 2022, and will redeem all of the outstanding Class A ordinary shares that were included in the units issued in its initial public offering, at a per-share redemption price of approximately $10.42.
READArgus Capital Corp. (ARGU) to Liquidate on December 20
At the special meeting of stockholders of Argus Capital Corp.(NASDAQ:ARGU), stockholders approved an amendment to change the termination date from March 24, 2023 to December 20, 2022.
The company expects to complete the mandatory redemption on or around December 23, 2022 at a per-share redemption price of approximately $10.28.
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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...
DiamondHead Holding Corps. (NASDAQ:DHHC) announced that it has closed its combination with Great Southern Homes and the combined company will be renamed United Homes Group. The deal was approved by shareholders during a meeting last Thursday, and only 109,426 shares were redeemed in connection with the vote, but DiamondHead saw about 87% redemptions in total...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Volta sued over SPAC deal, Liberty Resources establishes M&A Transition Taskforce, and chancery validates SPACs’ charter amendments and share issuances Volta Sued Over SPAC Deal as $169M Shell Sale Is Approved An investor sued...
Maxpro Capital (NASDAQ:JMAC) announced that it has closed its combination with clinical-stage biotech firm Apollomics and the combined company’s shares and warrants are to begin trading today on the Nasdaq under the symbols “APLM” and “APLMW”, respectively. Apollomics is set to receive $21.35 million in proceeds from a PIPE that Maxpro announced in February and...