Latest Non-Redemption Agreements: Inception Growth, Vector II
Inception Growth Acquisition (IGTA) Inks Non-Redemption Agreement
Inception Growth (NASDAQ:NSTC) entered into a non-redemption agreement with investors securing 400,000 shares that will not be redeemed in connection with the special meeting to extend its transaction deadline by six months from March 13 to September 13.
In exchange for the commitment, the sponsor will transfer 120,000 common shares to the investors immediately following the completion of an initial business combination. Inception Growth would not make a contribution to its trust if this vote is successful, but it may automatically extend its deadline twice in three-month increments in exchange for a $0.10 per share contribution.
READVector Acquisition Corporation II (VAQC) Secures 3.5M Shares in Non-Redemption Agreement
Vector II (NASDAQ:VAQC) signed non-redemption agreements with shareholders covering a total of 3,500,000 shares as it seeks to push its transaction deadline a full year from March 12, 2023 to the same date in 2024.
These shareholders will receive 1,050,000 newly issued Class A shares in return and Vector II’s sponsor has agreed to forfeit the same number of promote shares (9.3%).
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Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
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....