Latest SPAC Liquidations: ST Energy Transition I, MELI Kaszek Pioneer Corp.
ST Energy Transition I Ltd. (STET) to Liquidate on June 7
ST Energy Transition I Ltd. (NYSE:STET) announced today that the Board of Directors has elected to dissolve and liquidate the company.
Net of taxes and dissolution expenses, the per-share redemption price for the Public Shares is expected to be approximately $10.48 based upon the amount held in the trust account as of May 31, 2023, which was $301,477,161.
The Company anticipates that the Public Shares, as well as the Company’s publicly traded units, will cease trading as of the close of business on June 7, 2023.
READMELI Kaszek Pioneer Corp (MEKA) to Liquidate
MELI Kaszek Pioneer Corp (NASDAQ: MEKA) announced today that the directors of the company have determined to dissolve and liquidate the company due to, “the current condition of capital markets, and the timeframe offered by the SPAC product.”
At the close of business on the business day prior to the redemption date of June 16, the company will stop trading its shares, and each share held at that time will represent the right to receive the redemption amount of approximately $10.32.
READ
Terms Tracker for the Week Ending September 22, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs finally saw two new S-1 filings this week, the first to file since August 24th. Hainan Sirius Acquisition Corp. filed first on Thursday and...
Latest SPAC Liquidations: LF Capital Acquisition Corp. II LF Capital Acquisition Corp. II (LFAC) to Liquidate on October 3, 2023 LF Capital Acquisition Corp. II (Nasdaq: LFAC), today announced that the directors of the Company have determined to dissolve and liquidate the Company. The redemption of the Public Shares is expected to be completed on...
Latest Non-Redemption Agreements: Yotta Acquisition Corp.,Live Oak Crestview Climate Acquisition Corp. Yotta Acquisition Corp. (YOTA) Adds Non-Redemption Agreements Yotta Acquisition Corp. (NASDAQ:YOTA) entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 598,680 shares of the Company’s common stock. In exchange for the foregoing...
Twin Ridge (NYSE:TRCA) announced this afternoon that it plans to convene and then adjourn its extraordinary general meeting of its shareholders originally to be held on September 26 at 11:30 a.m., Eastern Time. Twin Ridge intends to hold the new meeting at 11:30 a.m., Eastern Time, on October 3, 2023. Additional details were not given as to...
Social Leverage Acquisition Corp I (Nasdaq: SLAC) and W3BCLOUD Holdings Inc. announced this afternoon that they have mutually agreed to terminate their business combination agreement. The reasons cited were once again “due to existing market conditions”, which most likely implies the current capital market conditions as well as the fact that W3BCLOUD works within the...