Latest SPAC Liquidations: ESM Acquisition Corp., Levere Holdings, Warburg Pincus Capital Corporation I-A, Warburg Pincus Capital Corporation I-B
ESM Acquisition Corp. (ESM) to Liquidate on March 10
ESM Acquisition Corporation (NYSE: ESM) today announces that it will redeem all of its outstanding ordinary shares, effective as of the close of business on March 10, 2023.
The per-share redemption price for the public shares will be approximately $10.20.
The public shares will cease trading as of the close of business on March 9, 2023. As of the close of business on March 10, 2023, the public shares will be deemed cancelled and will represent only the right to receive the redemption amount.
READLevere Holdings Corp. (LVRA) to Liquidate on March 23
Levere Holdings Corp. (NASDAQ:LVRA) today announced that it intends to dissolve and liquidate, effective as of the close of business on March 23, 2023, and will redeem all of the outstanding shares of Class A ordinary shares, at a per-share redemption price of approximately $10.20.
READWarburg Pincus Capital Corporation I-A (WPCA) to Liquidate on March 10
Warburg Pincus Capital Corporation I-A (NYSE: WPCA) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on March 10, 2023.
Net of taxes and dissolution expenses, the per-share redemption price for the Public Shares is expected to be approximately $10.20. In accordance with the terms of the related trust agreement, the Company expects to retain $100,000 of the interest and dividend income from the Trust Account to pay dissolution expenses.
READWarburg Pincus Capital Corporation I-B (WPCB) to Liquidate on March 10
Warburg Pincus Capital Corporation I-B (NYSE: WPCB) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on March 10, 2023.
Net of taxes and dissolution expenses, the per-share redemption price for the Public Shares is expected to be approximately $10.20. In accordance with the terms of the related trust agreement, the Company expects to retain $100,000 of the interest and dividend income from the Trust Account to pay dissolution expenses.
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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...