Latest SPAC Liquidations: FoxWayne Enterprises, ScION Tech Growth II
FoxWayne Enterprises Acquisition Corp. (FOXW) to Liquidate on January 27
Foxwayne Enterprise Acquisition Corp. (NASDAQ:FOXW) has determined to liquidate its trust due to its inability to complete a business combination. It will cease all operations except for the purpose of winding up, as promptly as reasonably possible but not more than ten business days thereafter, and redeem the public shares at a per-share redemption price of approximately $10.175.
As of the close of business on January 27, 2023, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.
READScION Tech Growth II Acquisition Corp. (SCOB) to Liquidate February 13
ScION Tech Growth II (Nasdaq:SCOB) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 13, 2023, because the company will not consummate an initial business combination.
An expected redemption value has not yet been provided.
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Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA) announced in an 8-K that it has inked new non-redemption agreements after postponing its initial extension vote. The SPAC has agreed to allocate up to 37,500 promote shares (1.1%) to investors holding in exchange for them agreeing not to redeem an aggregate of 150,000 shares at the vote now...
Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote. The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31. Armada has also extended the deadline for holders to submit their public...
Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade...
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Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27. Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction. The filing did not...