Aurora Acquisition Corp. (NASDAQ: AURC) announced this morning that it is pushing back tomorrow’s special meeting from 9 a.m. to 5:30 p.m.
As a result of the postponement, the redemption deadline was also extended from 5:00 p.m. on February 22 to 4:00 p.m. on February 24.
The SPAC is currently facing a completion deadline of March 8 for its $6.7 billion deal with proptech firm Better, but is hoping to gain shareholder approval to extend its timeline by 6 months until September 30.
Aurora initially announced its business combination 21 months ago in May 2021, the oldest announced SPAC deal yet to complete, and has tweaked the deal a number of times since then. The revisions have included a replacement of equity financing with convertible notes, an extension of the deal’s outside date to March 8, 2023, and an agreement pursuant to which Better must cover up to $15 million in expenses for Aurora.
New York City-based Better provides a slate of homebuying services connecting consumers with lenders, insurers and realtors.
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...