Latest SPAC Liquidations: Apeiron Capital Investment Corp.
Apeiron Capital Investment Corp. (APNC) Terminates GIO World Health Deal, Intends to Liquidate on August 14
Apeiron Capital Investment Corp. (OTCMKTS:APNC) announced today that it has notified GIO World Health, Ltd. that it has elected to terminate the deal.
Due to its inability to complete an initial business combination within the time period required, the company intends to liquidate and dissolve, effective as of the close of business on August 14.
The company will redeem all of the outstanding shares of common stock at a per-share redemption price equal to the aggregate amount then on deposit in the trust including interest earned on the funds and not previously released to the company to pay its taxes, divided by the number of outstanding public shares.
As of the close of business on August 14, the shares will be deemed canceled and will represent only the right to receive the redemption amount.
Terms Tracker for the Week Ending September 22, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs finally saw two new S-1 filings this week, the first to file since August 24th. Hainan Sirius Acquisition Corp. filed first on Thursday and...
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Social Leverage Acquisition Corp I (Nasdaq: SLAC) and W3BCLOUD Holdings Inc. announced this afternoon that they have mutually agreed to terminate their business combination agreement. The reasons cited were once again “due to existing market conditions”, which most likely implies the current capital market conditions as well as the fact that W3BCLOUD works within the...