Latest SPAC Liquidations: Carney Technology II, ABG I, Counter Press, and Arctos NorthStar
Carney Technology II (CTAQ) to Liquidate on February 14
Carney Technology Acquisition Corp. II (NASDAQ:CTAQ) announced today that it will be unable to complete a business combination and intends to dissolve and liquidate. Due to the recent developments, the Board of Directors has determined not to further extend the term the company’s timeline beyond February 14, 2023 and proceed with the Liquidation.
As of the close of business on February 14, 2023, the Class A common stock will be deemed cancelled and will represent only the right to receive the redemption amount.READ
ABG Acquisition Corp. I (ABGI) to Liquidate on February 17
ABG Acquisition Corp. I (Nasdaq: ABGI) today announced that as of the close of business on February 21, 2023, the company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive from the trust the per-share redemption price for the shares to be announced at a later date.
The Company anticipates that the Public Shares will cease trading on The Nasdaq Capital Market as of the close of business on February 17, 2023.READ
Counter Press Acquisition Corp.(CPAQ) to Liquidate on February 27
Counter Press Acquisition Corp. (Nasdaq: CPAQ) announced today that it intends to dissolve and liquidate. As part of that dissolution and liquidation, the company will redeem all of the outstanding shares of Class A ordinary shares that were included in its initial public offering at a per-share redemption price of approximately $10.15.
As of the close of business on or before February 27, 2023, the shares will represent the right to receive the redemption amount.READ
Arctos NorthStar Acquisition Corp. (ANAC) to Liquidate on February 27
Arctos NorthStar Acquisition Corp. (NYSE: ANAC) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 27, 2023.
Net of dissolution expenses, the per-share redemption price for the Class A Shares is expected to be approximately $10.19.READ
Terms Tracker for the Week Ending March 31, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Filings continue to remain quiet, but SPACs did manage to price two more IPOs this week with TMT Acquisition Corp (Nasdaq: TMTCU) and Trailblazer Merger...
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...