Latest SPAC Liquidations: Carney Technology II, ABG I, Counter Press, and Arctos NorthStar
Carney Technology II (CTAQ) to Liquidate on February 14
Carney Technology Acquisition Corp. II (NASDAQ:CTAQ) announced today that it will be unable to complete a business combination and intends to dissolve and liquidate. Due to the recent developments, the Board of Directors has determined not to further extend the term the company’s timeline beyond February 14, 2023 and proceed with the Liquidation.
As of the close of business on February 14, 2023, the Class A common stock will be deemed cancelled and will represent only the right to receive the redemption amount.READ
ABG Acquisition Corp. I (ABGI) to Liquidate on February 17
ABG Acquisition Corp. I (Nasdaq: ABGI) today announced that as of the close of business on February 21, 2023, the company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive from the trust the per-share redemption price for the shares to be announced at a later date.
The Company anticipates that the Public Shares will cease trading on The Nasdaq Capital Market as of the close of business on February 17, 2023.READ
Counter Press Acquisition Corp.(CPAQ) to Liquidate on February 27
Counter Press Acquisition Corp. (Nasdaq: CPAQ) announced today that it intends to dissolve and liquidate. As part of that dissolution and liquidation, the company will redeem all of the outstanding shares of Class A ordinary shares that were included in its initial public offering at a per-share redemption price of approximately $10.15.
As of the close of business on or before February 27, 2023, the shares will represent the right to receive the redemption amount.READ
Arctos NorthStar Acquisition Corp. (ANAC) to Liquidate on February 27
Arctos NorthStar Acquisition Corp. (NYSE: ANAC) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 27, 2023.
Net of dissolution expenses, the per-share redemption price for the Class A Shares is expected to be approximately $10.19.READ
Aimfinity Investment Corp. I (NASDAQ:AIMA) announced this afternoon that its sponsor entered into a repurchase agreement with previous directors and officers of the company and will undergo a change in management. On March 16, Aimfinity’s sponsor initiated a distribution of 300,000 founder shares and 492,000 private placement units to its existing members and entered into a repurchase...
AI Transportation Acquisition Corp. (NASDAQ:AITR) filed its S-1 last Wednesday afternoon for a $50 million IPO, marking the first SPAC to file for an IPO in March. While the new company may pursue a target in any industry, it intends to focus its search in the transportation field, including but not limited to logistics, new energy...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Virgin Orbit plans for insolvency amid rescue talks with investors, WeWork reaches deal to cut debt, and Pear Therapeutics explores “strategic alternatives” Virgin Orbit plans for insolvency amid rescue talks with investors Sky News...
Home Plate (NASDAQ:HPLT) has entered into a definitive agreement to combine with shipping company Heidmar at an anticipated enterprise value of $214.4 million, or 7.2x its 2023E EBITDA. Athens-based Heidmar operates an asset-light shipbroking network providing access to a pool of 60 fuel tanker and dry bulk ships. The combined company is expected to trade...
two (NYSE:PIAI) announced in an 8-K this morning that it has pushed back its special meeting one week from March 24 to 10 am ET, March 31. Shareholders at the meeting will consider a proposal to extend its transaction deadline from April 1 to January 1, 2024. The SPAC’s sponsor has not yet offered to...