Latest SPAC Liquidations: Spindletop Health, Astrea, Omega Alpha SPAC, and SportsTek
Spindletop Health Acquisition Corp. (SHCA) to Liquidate on December 20
Spindletop Health Acquisition Corp. (NASDAQ:SHCA) announced that in accordance with the announced December 20, 2022 termination date set by its Board of Directors, the company expects to redeem all outstanding public shares by December 27, 2022, following which it will be dissolved, liquidated and wound up.
The Company estimates that the total Redemption Amount will be approximately $901,300.00, and the per-share Redemption Amount will be approximately $10.00.
READAstrea Acquisition Corp. (ASAX) to Liquidate on December 23
Astrea (NASDAQ:ASAX) shareholders approved an amendment to change its termination date February 8, 2023 to December 23, 2022.
In connection with the vote, a total of 17,076,230 shares of common stock were submitted for redemption.
READOmega Alpha Acquisition Corp. (OMEG) to Liquidate on December 28
The Board of Omega Alpha SPAC (NASDAQ:OMEG) has determined that the company will not be able to complete a business combination and intends to liquidate early, effective as of the close of business on December 28, 2022.
The per-share redemption price for the public shares will be approximately $10.11.
READSportsTek Acquisition Corp. (SPTK) Terminates LOI and Intends to Liquidate on December 27
SportsTek Acquisition Corp. (Nasdaq: SPTK) announced today that the non-binding letter of intent with Metavisio has been mutually terminated by the parties.
In addition, the company announced today that its board of directors has elected to abandon and not implement the extension that was approved by stockholders on December 20, 2022. As a result, SPTK intends to liquidate and as of the close of business on December 27, 2022, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.
Terms Tracker for the Week Ending May 9, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. After the sprint that was last week, with nine IPOs and six new SPAC filings, this week took a breather. Only two SPACs priced, there...
Lake Superior (NASDAQ:LKSPU) has filed for a $100 million SPAC as its CEO attempts to go three-for-three with SPACs that led to completed deals. This new vehicle has one right to a 1/6 share in each unit and some common features of a SPAC underwritten by Cohen & Company in this current climate. Although the...
At the SPAC of Dawn De-SPACs were among the biggest movers in yesterday’s stock market rally, but most of this momentum came on the backs of direct earnings performance. Only three US-listed companies had bigger one-day gains than quantum computing firm D-Wave’s (NYSE:QBTS) +51.2% jump. This came as the company announced $15 million in revenue...
EGH Acquisition Corp. (NASDAQ:EGHAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EGHAU”, Friday, May 8, 2025. The new SPAC aims to combine with a target company in the energy transition or sustainability arena that help industries achieve efficiencies and decarbonization....
At the SPAC of Dawn Fed Chair Jerome Powell announced yesterday that the body intends to keep rates unchanged, earning him the moniker “FOOL” by US President Donald Trump. But, the announcement could bring some stability to market, which has seen macro factors pull it a variety of directions since the start of the year....