Swiftmerge Acquisition Corp. (IVCP) Adjourns Extension Vote
by Marlena Haddad on 2023-06-12 at 5:28pm

Swiftmerge Acquisition Corp. (NASDAQ: IVCP) announced this afternoon that it has adjourned today’s meeting until Thursday, June 15, at 3:00 p.m.

The SPAC’s Chairman determined to postpone the meeting in order to allow for additional voting on the extension proposal which would extend Swiftmerge’s timeline from June 17, 2023 to March 15, 2024.

In connection with the adjournment, the company has also determined that it will allow shareholders who previously elected to redeem their Class A ordinary shares to reverse their requests by 5:00 p.m. ET on June 19.

Although Swiftmerge has not yet announced a definitive agreement, it signed a non-binding letter of intent (LOI) in April to combine with commercial-stage biotech company HDL. The parties’ press release did not include a proposed valuation for the deal, but the SPAC currently has about $228 million in trust. Swiftmerge is led by Chairman George Jones, CEO John “Sam” Bremmer, CFO Christopher J. Munyan, and COO and Secretary Aston Loch.


Recent Posts
by Nicholas Alan Clayton on 2023-09-29 at 11:29am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  $1 bln metals SPAC deal backed by Glencore, automakers collapses A $1 billion metals deal by blank-cheque fund ACG Acquisition Co has been terminated following delays when the different sides, which included a leading global miner and...

by Nicholas Alan Clayton on 2023-09-29 at 11:17am

TradeUP (NASDAQ:UPTD) announced this morning that it has closed its combination with Estrella Biopharma and its shares and warrants will begin trading on the Nasdaq under the symbols “ESLA” and “ESLAQ” on October 2. This will be the first time that TradeUp sub-unit’s will split into shares and their accompanied 1/2 warrants. The SPAC secured...

by Nicholas Alan Clayton on 2023-09-29 at 8:34am

Mobiv Acquisition Corp. (NASDAQ:MOBV) announced this morning that its shareholders approved its combination with EV motorcycle-maker SRIVARU at a special meeting September 28. Redemptions whittled Mobiv’s IPO share pool of 10,005,000 down to 195,992 through the vote. But, on September 27, Mobiv provided an update exhorting redeemers to change their decisions, noting that its ex-redemptions...

by Nicholas Alan Clayton on 2023-09-29 at 7:03am

Hennessy Capital Investment Corp VI (NASDAQ:HCVI) announced overnight that it plans to adjourn today’s 9 am ET extension vote and reopen it at 3 pm ET this afternoon. This does not technically change the redemption deadline for investors, but those wishing to withdraw their redemption requests may still do so by 2 pm ET today....

by Kristi Marvin on 2023-09-28 at 5:32pm

Latest SPAC Liquidations: Schultze Special Purpose Acquisition Corp. II Schultze Special Purpose Acquisition Corp. II (SAMA) to Liquidate on October 11, 2023 Schultze Special Purpose Acquisition Corp. II (Nasdaq: SAMA), announced that it will redeem all of the outstanding shares of its Class A common stock effective as of October 11, 2023. The Company expects...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved