Latest SPAC Liquidations: Iron Spark I Inc., Monument Circle, EQ Health, Shelter I, Sports Ventures, and Catalyst Partners
Iron Spark I Inc. (ISAA) to Liquidate on December 28
Iron Spark I Inc. (Nasdaq: ISAA) announced that it will not be able to complete its previously announced business combination with Hypebeast Limited by year-end. Shareholders approved a proposal to change the liquidation from June 11, 2023 to December 28, 2022. As a result, ISAA intends to dissolve and liquidate promptly after December 28, 2022 and will redeem all of the outstanding public shares of common stock at an expected per-share redemption price of approximately $10.09.
READMonument Circle Acquisition Corp. (MON) to Liquidate on December 23
On December 15, 2022, Monument Circle’s (NASDAQ:MON) Board determined that the company will wind up its operations and commence liquidation as soon as practicable before December 31, 2022.
As a result, the securities will be suspended from trading on Nasdaq on December 23, 2022, and all shares will be deemed cancelled and will represent only the right to receive the redemption amount.
READEQ Health Acquisition Corp. (EQHA) to Liquidate on December 21
On December 6, 2022, EQ Health Acquisition Company (NYSE:EQHA) shareholders approved an amendment to change the termination date from February 2, 2023 to December 21, 2022.
The company expects to complete the redemption on or around December 28, 2022.
READShelter Acquisition Corp. I (SHQA) to Liquidate on December 21
Shelter Acquisition Corporation I (Nasdaq: SHQA) announced that its board has unanimously determined it is in the best interest of the company to liquidate and redeem all remaining shares before the end of the fiscal year in order to avoid incurring additional tax liabilities in 2023.
On December 21, 2022, the company notified The Nasdaq of the redemption and requested that Nasdaq suspend trading of the shares, redeemable warrants, each exercisable for one share at an exercise price of $11.50 per share, and units, effective before the opening of trading on December 22, 2022.
The company expects to complete the redemption on or about December 27, 2022.
READSports Ventures Acquisition Corp. (AKIC) to Liquidate
Sports Ventures Acquisition Corp. (NASDAQ: AKIC) announced today that the company intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $10.12.
The redemption of the shares is expected to be completed by December 29, 2022.
READCatalyst Partners Acquisition Corp. (CPAR) to Hold Shareholder Meeting to Liquidate Early
Catalyst Partners (NASDAQ:CPAR) announced this afternoon that it will hold a shareholder meeting seeking to gain approval to liquidate early. The original termination date is May 20, 2023, but the SPAC is hoping to amend it to an earlier date.
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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...