Latest SPAC Liquidations: Class Acceleration, SOAR Technology, and Argus Capital
Class Acceleration Acquisition Corp. (CLAS) to Liquidate on December 29
Class Acceleration’s (NYSE:CLAS) board of directors has determined to liquidate and dissolve the company as soon as practicable before December 31, 2022. The securities last day of trading on the NYSE will be on December 29, 2022 and the redemption date is expected to be on December 30, 2022.
READSOAR Technology Acquisition Corp. (FLYA) to Liquidate on December 20
SOAR Technology Acquisition Corp. (NYSE: FLYA) announced yesterday that it intends to dissolve and liquidate, effective as of the close of business on December 20, 2022, and will redeem all of the outstanding Class A ordinary shares that were included in the units issued in its initial public offering, at a per-share redemption price of approximately $10.42.
READArgus Capital Corp. (ARGU) to Liquidate on December 20
At the special meeting of stockholders of Argus Capital Corp.(NASDAQ:ARGU), stockholders approved an amendment to change the termination date from March 24, 2023 to December 20, 2022.
The company expects to complete the mandatory redemption on or around December 23, 2022 at a per-share redemption price of approximately $10.28.
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With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...