Hudson Executive II (NASDAQ:HCII) and Hudson Executive III (NASDAQ:HIII) announced this morning that both will liquidate as neither will consummate a business combination by their original deadline.
Both will return $10.10 per share to public investors as the anticipated redemption rate with the distribution expected to occur on December 21.
Hudson Executive II raised $250 million in its January 2021 IPO, while Hudson Executive III raised $600 million a month later in February of that year.
Around that same time, the Hudson Executive team announced its first combination with text-based therapy provider Talkspace (NASDAQ:TALK). Talkspace fell swiftly after the parties completed the deal in June 2021, and its stock has never quite recovered, closing the year at $1.97 and trading at $0.79 Monday.
But, that doesn’t mean the team is done. Hudson Executive II and III hit the markets with team-friendly terms including a 24-month search window and no overfunding of the trust, but the team’s fourth vehicle, Hudson Executive I (NASDAQ:HUDAU) bears some of the features of SPACs listed in 2022.
It IPO’d (out of sequential order) on October 2022 with nine months on its clock and a $60.9 million trust overfunded at 101.5%. This SPAC has until next July to complete a deal and can auto-extend its deadline up to six months.
As such, the Hudson Executive team is still out hunting in the Searching column, albeit likely with somewhat smaller game in its sights.
NMP Acquisition Corp. (NASDAQ:NMPAU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NMPAU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company that has a resilient business model with potential to scale up revenue. NMP’s management...
Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIIU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company in the financial services technology (fintech) sector and fintech adjacent sectors that...
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...