SPACInsider Logo
The Latest Liquidations: December 8, 2022
by Marlena Haddad on 2022-12-08 at 5:35pm

 


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

Latest SPAC Liquidations: Sierra Lake, Z-Work, Lerer Hippeau, and Climate Real Impact Solutions II


Sierra Lake Acquisition Corp. Shareholders Approve Liquidation  

Sierra Lake Acquisition Corp. (NASDAQ: SIER) announced today that due to its inability to consummate an initial business combination, it will dissolve and liquidate, effective as of the close of business on December 8, 2022, and will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $10.12.

READ

Z-Work Acquisition Corp. Shareholders Approve Liquidation

At the special meeting of stockholders of Z-Work (NASDAQ:ZWRK) held on December 8, 2022, stockholders approved an amendment to allow the company to redeem all of its outstanding shares of Class A common stock today instead of its contractual expiration date of February 2, 2023.

Z-Work expects to complete the mandatory redemption on or around December 9, 2022 at a per share redemption price of approximately $10.076.

READ

Lerer Hippeau Acquisition Corp. Shareholders Approve Liquidation

On December 7, 2022, the stockholders of Lerer Hippeau Acquisition Corp. (NASDAQ:LHAA) to allow LHAA to unwind and redeem all of its outstanding public shares prior to December 30, 2022.

Following the amendment, the Board of Directors of the Company set December 14, 2022 as the amended termination date.

Holders of 22,147,102 public shares of Class A common stock exercised their right to redeem their shares for cash at a redemption price of approximately $10.09 per share, for an aggregate redemption amount of approximately $223,496,059.56. Following such redemptions, 119,083 public shares of Class A Common Stock remain outstanding.

READ

Climate Real Impact Solutions II Acquisition Corp. Shareholders Approve Liquidation

At the special meeting of stockholders of Climate Real Impact Solutions II Acquisition Corporation (NYSE:CLIM) held on December 8, 2022, stockholders approved an amendment to allow CLIM to redeem all of its outstanding shares of Class A common stock on December 8, 2022  instead of its original date of January 29, 2023.

The company expects to complete the mandatory redemption on or around December 9, 2022 at a per-share redemption price of approximately $10.04.

READ

 

Recent Posts
by Kristi Marvin on 2023-02-04 at 12:57am

Terms Tracker for the Week Ending February 3, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The month of February started with an IPO, thanks to the pricing of Cetus Capital Acquisition Corp (Nasdaq: CETU) which began trading on February 1....

by Marlena Haddad on 2023-02-03 at 5:50pm

Forest Road II (NYSE:FRXB) and 10X Capital Venture III (NYSE:VCXB) both announced this afternoon that they have mutually terminated their business combinations. Forest Road II intended to combine with transportation technology developer HyperloopTT, but the parties decided to nix the deal due to timing constraints along with unfavorable market conditions. Tom Staggs and Kevin Mayer, Co-CEOs and...

by Marlena Haddad on 2023-02-03 at 5:30pm

Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) and AMCI Acquisition Corp. II (Nasdaq: AMCI) announced this afternoon that they have adjourned their special meetings with shareholders. Intelligent Medicine originally scheduled its meeting to be held today, but is now postponing its vote until Wednesday, February 8. Stockholders may elect to redeem their shares by no later than...

by Marlena Haddad on 2023-02-03 at 11:41am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Comcast dumps 18.5% of its BuzzFeed stock Comcast Dumps 6 Million Shares of Buzzfeed After Media Company Finally Gets a Bump Comcast dumped 18.5% of its BuzzFeed (NASDAQ:BZFD) stock in recent days, reducing its...

by Nicholas Alan Clayton on 2023-02-03 at 11:37am

Viveon Health (NYSE:VHAQ) announced this morning that it is unilaterally terminating its combination with Suneva Medical “based upon material breaches” of the merger agreement. The SPAC did not elaborate further on its claims against Suneva, but noted it will continue on and seek a new business combination. Just last week, Viveon Health was working to...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved