Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Simon Property, Healthcare Services, Gaming & Hospitality, Gores Holdings VIII & VII, Gores Technology Partners I & II, VectoIQ, Pioneer, Accelerate, TCW, and Bright Lights
Simon Property Group Acquisition Holdings to Liquidate
At the special meeting of the stockholders of Simon Property Group Acquisition Holdings, Inc. (NYSE:SPGS) held on December 15, 2022 stockholders approved an amendment to change the date by which the company must complete a merger, from February 18, 2023, to December 16, 2022.
The company expects to complete the mandatory redemption on or around December 21, 2022, at a per-share redemption price of approximately $10.00.
READHealthcare Services Acquisition Corp. to Liquidate
Gaming & Hospitality Acquisition Corp. to Liquidate
On December 15, 2022, the stockholders of Gaming & Hospitality Acquisition Corp. (Nasdaq: GHAC) approved an amendment to allow the company to redeem all of its issued and outstanding shares of Class A common stock by changing its liquidation date to December 15, 2022.
The company expects to complete the Mandatory Redemption on or around December 20, 2022 at a per-share redemption price of approximately $10.10.
READGores Holdings VIII, Inc. to Liquidate
Gores Holdings VIII, Inc (Nasdaq: GIIX)announced that it filed a definitive proxy statement relating to a special meeting of stockholders to allow the company to redeem all of its outstanding shares of Class A common stock prior to December 31, 2022.
If the proposals are approved, the company will redeem all shares as promptly as reasonably possible after the amended termination date. The company expects to complete the redemption on or around December 30, 2022 if stockholders approve the proposals. Additionally, the last day of trading of the Public Shares will be December 29, 2022 if stockholders approve the proposals.
READGores Holdings VII, Inc. to Liquidate
On November 23, 2022, Gores Holdings VII, Inc. (NASDAQ:GSEV) filed a definitive proxy statement relating to a special meeting of stockholders to allow the company to redeem all of its outstanding shares of Class A common stock by changing the liquidation date from February 25, 2023 to December 15, 2022.
The company expects to complete the Mandatory Redemption on or around December 16, 2022 if stockholders approve the Proposals. Additionally, the last day of trading of the Public Shares will be December 15, 2022 if stockholders approve the Proposals.
READGores Technology Partners to Liquidate
On November 23, 2022, Gores Technology Partners, Inc. (NASDAQ:GTPA) filed a definitive proxy statement relating to a special meeting of stockholders to allow the company to redeem all of its outstanding shares of Class A common stock by changing its termination date from March 16, 2023 to December 15, 2022.
The Company expects to complete the Mandatory Redemption on or around December 16, 2022 if stockholders approve the Proposals. Additionally, the last day of trading of the Public Shares will be December 15, 2022 if stockholders approve the Proposals.
READGores Technology Partners II to Liquidate
On November 23, 2022, Gores Technology Partners II, (NASDAQ:GTPB) filed a definitive proxy statement relating to a special meeting of stockholders to change the company’s termination date from March 16, 2023 to December 15, 2022.
The company expects to complete the redemption on or around December 16, 2022 if stockholders approve the Proposals. Additionally, the last day of trading of the shares will be December 15, 2022 if stockholders approve the Proposals.
READVectoIQ Acquisition Corp. II to Liquidate
At the special meeting of stockholders of VectoIQ Acquisition Corp. II (NASDAQ:VTIQ), held on December 9, 2022, stockholders approved an amendment to change the date by which the company must consummate an initial business combination from January 11, 2023 to December 9, 2022.
Holders of 33,583,054 public shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.06 per share, for an aggregate redemption amount of approximately $337,962,418.
READPioneer Merger Corp. to Liquidate
On December 15, 2022, Pioneer Merger Corp. (NASDAQ:PACX) decided that it will redeem all of its outstanding Class A ordinary shares, effective as of January 13, 2023, because its Board of Directors has concluded that the company will not be able to complete an initial business combination.
Based on the balance of the company’s trust account as of December 15, 2022, such amount per share is expected to be $10.10 plus interest accrued through January 12, 2022.
READAccelerate Acquisition Corp. to Liquidate
On November 28, 2022, Accelerate Acquisition Corp. (NYSE:AAQC) filed a definitive proxy statement relating to a special meeting of shareholders to change the company’s termination date from March 22, 2023 to December 15, 2022.
If the Proposals are approved, the company expects to complete the Mandatory Redemption on or around December 16, 2022. Additionally, the last day of trading of the Public Shares will be December 15, 2022, if shareholders approve the Proposals.
READTCW Special Purpose Acquisition Corp. to Liquidate
On November 25, 2022, TCW Special Purpose Acquisition Corp. (NYSE:TPSQ) filed a definitive proxy statement relating to a special meeting of shareholders to change the company’s termination date from March 4, 2023 to December 15, 2022.
The Company expects to complete the Mandatory Redemption on or around December 16, 2022, if shareholders approve the Proposals. Additionally, the last day of trading of the shares will be December 15, 2022, if shareholders approve the Proposals.
READBright Lights Acquisition Corp. to Liquidate
Bright Lights (NASDAQ:BLTS) stockholders approved a proposal to amend the company’s termination date from January 11, 2023, to December 12, 2022.
The Company estimates that the total Redemption Amount will be approximately $5,023,900, and the per-share Redemption Amount will be approximately $10.00.
READ
Terms Tracker for the Week Ending March 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. While this week was relatively quiet on the filings front, we did see March’s second SPAC IPO price with Oak Woods Acquisition Corp’s $50 million...
Latest Non-Redemption Agreements: ExcelFin Acquisition Corp. ExcelFin Acquisition Corp. (XFIN) Adds Non-Redemption Agreement In connection with the special meeting of stockholders of ExcelFin Acquisition Corp. (NASDAQ:XFIN) to extend its completion deadline from April 25, 2023 to October 25, 2023, the company and its sponsor, ExcelFin SPAC LLC, entered into a non-redemption agreement with an unaffiliated third party....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Momentus SPAC backers accused of deliberately engineering a catastrophic deal Momentus SPAC Backers Accused of Hiding Disastrous Deal’s Flaws A Momentus Inc. (NASDAQ:MNTS) investor sued backers of its blank-check merger with a shell company,...
DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this morning that its shareholders approved its combination with Great Southern Homes at a special meeting March 23. Only 109,426 shares were redeemed in the connection with the vote, but DiamondHead has seen about 87% redemptions in total across all previous votes, leaving it with about $43.9...
Graf Acquisition Corp. IV (NYSE:GFOR) announced that it has signed a non-binding letter of intent to combine with clinical-stage biopharma company NKGen. This announcement is not a pure teaser as Graf IV is not facing an imminent extension vote and currently has until May 25 on its clock. It does, however, signal something of a...