SPACInsider Logo
The Latest Liquidations: December 7, 2022
by Marlena Haddad on 2022-12-07 at 5:41pm

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC Liquidations: Mission Advancement Acquisition Corp., and Clarim Acquisition Corp.


Mission Advancement Acquisition Corp. Shareholders Approve Liquidation Date Amendment   

On December 6, 2022, the stockholders of Mission Advancement Corp. approved an amendment to allow the company to unwind and redeem all of its outstanding public shares prior to December 30, 2022.

Following the implementation of the amendment, the Board of Directors of Mission Advancement set December 7, 2022 as the amended termination date.

Holders of 34,035,401 public shares of Class A Common Stock exercised their right to redeem their shares for cash at a redemption price of approximately $10.07 per share, for an aggregate redemption amount of approximately $342,841,438.

Following such redemptions, 464,599 public shares of Class A Common Stock remain outstanding. Mission Advancement expects to redeem all remaining public shares of the company on December 14, 2022, for a total redemption amount of approximately $4,679,945, and a per-share amount of $10.07.

READ

Clarim Acquisition Corp. Shareholders Approve Liquidation Date Amendment 

On December 7, 2022, Clarim (NASDAQ:CLRM) held a special meeting where stockholders approved a proposal to liquidate early.

The Board has established December 7, 2022 as the early termination date. As such, the last day of trading of Clarim’s public shares and units on the Nasdaq Stock Market LLC was on December 7, 2022. The company expects to complete the redemptions on or about December 12, 2022.

READ

Recent Posts
by Kristi Marvin on 2023-01-28 at 1:59pm

Terms Tracker for the Week Ending January 27, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re coming up on the end of January, the first month of the year, and to-date no new S-1s have been filed. Additionally, the number...

by Marlena Haddad on 2023-01-27 at 11:34am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Circle spokesperson denies blaming SEC for failed deal, BuzzFeed CEO says AI-powered content will be part of core business, and FaZe Clan faces possible delisting Circle Spokesperson Denies Blaming SEC for Failed $9 Billion Deal...

by Nicholas Alan Clayton on 2023-01-27 at 10:00am

Health Sciences 2 (NASDAQ:HSAQ) announced that it closed its combination with Orchestra BioMed on January 26. HSAQ ahead of its vote pre-announced redemption figures of 1,597,888 shares equating to 67.7% redemptions, however, that’s still subject to change.  However, today it was noted that Orchestra BioMed is to receive $70 million in gross proceeds including $20...

by Kristi Marvin on 2023-01-27 at 7:33am

Carbon capture technology has long been talked about, and it is finally in operation with LanzaTech among the pioneers. Its plants are turning potential emissions into clothing, household goods and sustainable fuels. SPAC cash is now also an accelerant in this new process as the company announced a $1.7 billion combination with AMCI II last March. This week, we caught up with...

by Nicholas Alan Clayton on 2023-01-27 at 7:30am

In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi. Thirty months does not sound like that long, but it’s been a...

Privacy Policy|Terms Of Use
Copyright © 2022 SPACInsider, Inc. All Rights Reserved