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The Latest Liquidations: December 21, 2022
by Marlena Haddad on 2022-12-21 at 5:37pm

Latest SPAC Liquidations: Iron Spark I Inc., Monument Circle, EQ Health, Shelter I, Sports Ventures, and Catalyst Partners

Iron Spark I Inc. (ISAA) to Liquidate on December 28

Iron Spark I Inc. (Nasdaq: ISAA) announced that it will not be able to complete its previously announced business combination with Hypebeast Limited by year-end. Shareholders approved a proposal to change the liquidation from June 11, 2023 to December 28, 2022. As a result, ISAA intends to dissolve and liquidate promptly after December 28, 2022 and will redeem all of the outstanding public shares of common stock at an expected per-share redemption price of approximately $10.09.


Monument Circle Acquisition Corp. (MON) to Liquidate on December 23

On December 15, 2022, Monument Circle’s (NASDAQ:MON) Board determined that the company will wind up its operations and commence liquidation as soon as practicable before December 31, 2022.

As a result, the securities will be suspended from trading on Nasdaq on December 23, 2022, and all shares will be deemed cancelled and will represent only the right to receive the redemption amount.


EQ Health Acquisition Corp. (EQHA) to Liquidate on December 21

On December 6, 2022, EQ Health Acquisition Company (NYSE:EQHA) shareholders approved an amendment to change the termination date from February 2, 2023 to December 21, 2022.

The company expects to complete the redemption on or around December 28, 2022.


Shelter Acquisition Corp. I (SHQA) to Liquidate on December 21

Shelter Acquisition Corporation I (Nasdaq: SHQA) announced that its board has unanimously determined it is in the best interest of the company to liquidate and redeem all remaining shares before the end of the fiscal year in order to avoid incurring additional tax liabilities in 2023.

On December 21, 2022, the company notified The Nasdaq of the redemption and requested that Nasdaq suspend trading of the shares, redeemable warrants, each exercisable for one share at an exercise price of $11.50 per share, and units, effective before the opening of trading on December 22, 2022.

The company expects to complete the redemption on or about December 27, 2022.


Sports Ventures Acquisition Corp. (AKIC) to Liquidate 

Sports Ventures Acquisition Corp. (NASDAQ: AKIC) announced today that the company intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $10.12.

The redemption of the shares is expected to be completed by December 29, 2022.


Catalyst Partners Acquisition Corp. (CPAR) to Hold Shareholder Meeting to Liquidate Early

Catalyst Partners (NASDAQ:CPAR) announced this afternoon that it will hold a shareholder meeting seeking to gain approval to liquidate early. The original termination date is May 20, 2023, but the SPAC is hoping to amend it to an earlier date.



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