Latest SPAC Liquidations: Ibere Pharmaceuticals, New Vista, Kadem Sustainable Impact Corp.
Ibere Pharmaceuticals (IBER) to Liquidate on March 2
Ibere Pharmaceuticals (NYSE:IBER) today announced that it will redeem all of its outstanding ordinary shares that were included in the units issued in its initial public offering, effective as of the close of business on March 2, 2023.
The per-share redemption price for the Public Shares will be approximately $10.17.
The Public Shares will cease trading as of the close of business on March 1, 2023. As of the close of business on March 2, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount.READ
New Vista Acquisition Corp. (NVSA) to Liquidate on February 19
New Vista Acquisition Corp. (NASDAQ: NVSA) today announced that it has cancelled the extraordinary general meeting that was previously scheduled for 10:00 a.m. on February 15. The company will not complete an initial business combination by February 19.
Therefore, following February 19, the company will proceed to redeem all of the Class A ordinary shares and will liquidate and dissolve.
The redemption of the Public Shares is expected to be completed by March 6, 2023.READ
Kadem Sustainable Impact Corp. (KSI) to Liquidate on March 19
Kadem Sustainable Impact Corporation (NASDAQ: KSI) today announced that it will redeem all of its outstanding shares of Class A common stock, effective as of the close of business on March 19.
The per-share redemption price for the public shares will be approximately $10.05.
The company anticipates that the public shares will cease trading as of the open of business on March 17, 2023 in order to allow time for the settlement of trades. As of the close of business on March 19, 2023, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount.READ
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...
Terms Tracker for the Week Ending March 17, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Despite this week’s headlines about bank failures, EF Hutton managed to file both a new S-1 registration statement and price an IPO. They should have...
Latest SPAC Liquidations: Northern Genesis III, MSD, and Tech and Energy Transition Corp. Northern Genesis Acquisition Corp. III (NGC) to Liquidate on March 24 Northern Genesis III (NYSE:NGC) announced that it will redeem all outstanding shares effective as of the close of business on March 27. Shares will cease trading on March 24 and the per-share...
Tech and Energy Transition Corp. (NASDAQ: TETC) announced this afternoon that its shareholders have voted against a proposal to extend the SPAC’s timeline to complete a business combination. Holders of 38,069,946 shares of TETC’s common stock, comprised of 28,495,396 shares of Class A common stock, and 9,575,000 shares of Class B common stock, were present at...
Direct Selling Acquisition Corp. (NYSE: DSAQ) announced this morning that it intends to adjourn its extension vote, originally scheduled to be held on March 22, and will reconvene on March 24 at 11:00 a.m. The SPAC has also extended the redemption deadline to March 22 at 5:00 p.m. It is currently facing a completion deadline of March...