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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Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...