Latest SPAC Liquidations: ESM Acquisition Corp., Levere Holdings, Warburg Pincus Capital Corporation I-A, Warburg Pincus Capital Corporation I-B
ESM Acquisition Corp. (ESM) to Liquidate on March 10
ESM Acquisition Corporation (NYSE: ESM) today announces that it will redeem all of its outstanding ordinary shares, effective as of the close of business on March 10, 2023.
The per-share redemption price for the public shares will be approximately $10.20.
The public shares will cease trading as of the close of business on March 9, 2023. As of the close of business on March 10, 2023, the public shares will be deemed cancelled and will represent only the right to receive the redemption amount.
READLevere Holdings Corp. (LVRA) to Liquidate on March 23
Levere Holdings Corp. (NASDAQ:LVRA) today announced that it intends to dissolve and liquidate, effective as of the close of business on March 23, 2023, and will redeem all of the outstanding shares of Class A ordinary shares, at a per-share redemption price of approximately $10.20.
READWarburg Pincus Capital Corporation I-A (WPCA) to Liquidate on March 10
Warburg Pincus Capital Corporation I-A (NYSE: WPCA) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on March 10, 2023.
Net of taxes and dissolution expenses, the per-share redemption price for the Public Shares is expected to be approximately $10.20. In accordance with the terms of the related trust agreement, the Company expects to retain $100,000 of the interest and dividend income from the Trust Account to pay dissolution expenses.
READWarburg Pincus Capital Corporation I-B (WPCB) to Liquidate on March 10
Warburg Pincus Capital Corporation I-B (NYSE: WPCB) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on March 10, 2023.
Net of taxes and dissolution expenses, the per-share redemption price for the Public Shares is expected to be approximately $10.20. In accordance with the terms of the related trust agreement, the Company expects to retain $100,000 of the interest and dividend income from the Trust Account to pay dissolution expenses.
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Terms Tracker for the Week Ending March 31, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Filings continue to remain quiet, but SPACs did manage to price two more IPOs this week with TMT Acquisition Corp (Nasdaq: TMTCU) and Trailblazer Merger...
Hudson Acquisition I Corp. (NASDAQ:HUDA) announced that it has signed a non-binding letter of intent (LOI) to combine with a pre-clinical-stage biotechnology company. The SPAC did not provide many details on the unnamed target, but disclosed that the biotech company is focused on developing intranasal preventives for major disease-causing respiratory viruses. As a condition to the target...
Heading into April, SPACs are to see eight sponsors and 11 de-SPAC’d companies freed from lock-ups and ready to trade. Most of these lock-up expirations are loaded into the final week of the month, but those hitting this milestone already next week include some of the more interesting transactions of the crop. In particular, MoonLake...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Shares of Digital World jump after Trump’s indictment, and pair of Delaware Chancery court decisions deny motions to dismiss SPAC shareholder’s fiduciary breach claims Trump-Tied SPAC’s Shares Jump After Historic New York Charge The...
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...