Latest SPAC Liquidations: Sound Point I, Bullpen Parlay, and Zimmer Energy Transition
Sound Point Acquisition Corp I (SPCM) to Liquidate on June 4
Sound Point Acquisition Corp I, Ltd (NASDAQ: SPCM) announced today that it intends to liquidate and dissolve, effective as of June 4, 2023, and will redeem all of the outstanding Class A ordinary shares at an anticipated per-share redemption price of approximately $10.63.
As of the close of business on June 4, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. The estimated per-share redemption price for the public shares will be approximately $10.63.
READBullpen Parlay Acquisition Company (BPAC) to Liquidate on June 7
Bullpen Parlay Acquisition Company. (NASDAQ: BPAC) today announced that it will redeem all of the issued and outstanding Class A ordinary shares on or prior to June 7, 2023. Following such redemption of the Public Shares, the Company will liquidate and dissolve.
READZimmer Energy Transition Acquisition Corp. (ZT) to Liquidate on June 16
Zimmer Energy Transition Acquisition Corp. (NASDAQ: ZT) today announced that it will redeem all of the issued and outstanding shares of Common Stock effective as of the close of business on June 16, 2023. Following such redemption of the Public Shares, the Company will liquidate and dissolve.
The public shares will cease trading as of the close of business on June 15, 2023. As of the close of business on June 16, 2023, the public shares will be deemed cancelled and will represent only the right to receive the redemption amount.
The estimated per-share redemption price for the public shares will be approximately $10.25.
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Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...
At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....