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.
Ares Acquisition Corporation II (NYSE:AACT) filed its S-1 yesterday afternoon for a $400 million IPO, marking the second SPAC to file for an IPO in March and the largest since December 20, 2021, when Gores Holdings X Inc. filed for a $725 million SPAC. Ares II intends to focus its search on an established target...
Latest SPAC Liquidations: TCV Acquisition Corp. TCV Acquisition Corp. (TCVA) to Liquidate on April 13 TCV Acquisition Corp. (Nasdaq: TCVA) announced that it intends to dissolve and liquidate. It will redeem all of the outstanding Class A ordinary shares that were included in its initial public offering at a per-share redemption price of approximately $10.24. As...
DiamondHead Holding Corps. (NASDAQ:DHHC) announced that it has closed its combination with Great Southern Homes and the combined company will be renamed United Homes Group. The deal was approved by shareholders during a meeting last Thursday, and only 109,426 shares were redeemed in connection with the vote, but DiamondHead saw about 87% redemptions in total...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Volta sued over SPAC deal, Liberty Resources establishes M&A Transition Taskforce, and chancery validates SPACs’ charter amendments and share issuances Volta Sued Over SPAC Deal as $169M Shell Sale Is Approved An investor sued...
Maxpro Capital (NASDAQ:JMAC) announced that it has closed its combination with clinical-stage biotech firm Apollomics and the combined company’s shares and warrants are to begin trading today on the Nasdaq under the symbols “APLM” and “APLMW”, respectively. Apollomics is set to receive $21.35 million in proceeds from a PIPE that Maxpro announced in February and...