The Latest Liquidations: June 13, 2023
by Marlena Haddad on 2023-06-13 at 5:34pm
Latest SPAC Liquidations: Malacca Straights
Malacca Straits Acquisition Company (MLAC) Terminates Deal, Intends to Liquidate on June 16
Malacca Straights (NASDAQ:MLAC) announced today that it has mutually terminated its merger agreement with Indiev, effective as of June 8. As a result, it intends to liquidate on June 16, and expects to redeem all of its outstanding Class A ordinary shares for an estimated redemption price of approximately $10.53 per share.
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