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 redemption price is expected to about $10.15
READMSD Acquisition Corp. III (MSDA) to Liquidate on March 29
MSD Acquisition Corp. (Nasdaq: MSDA) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on March 29.
The per-share redemption price for the Public Shares will be approximately $10.22.
READTech and Energy Transition Corp. (TETC) to Liquidate on March 27
Tech and Energy Transition Corp.(NASDAQ:TETC) announced this afternoon that its shareholders have shot down a proposal to extend its timeline to complete a business combination. As a result, the SPAC is being forced to liquidate as promptly as possible.
The per-share redemption price for the shares of the Class A Common Stock is expected to be approximately $10.18. TETC anticipates that its shares of the Class A Common Stock, as well as its publicly traded units and warrants, will cease trading as of the close of business on March 27, and the redemption amount will be paid on March 29.
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Latest Non-Redemption Agreements: two two (TWOA) Adds Non-Redemption Agreement In connection with the previously announced shareholder meeting of two (NYSE:TWOA) to extend the company’s completion deadline from April 1, 2023 to January 1, 2024, the company and two sponsor, have entered into non-redemption agreements with several unaffiliated third parties. The third parties have agreed not to...
Latest SPAC Liquidations: Khosla Ventures Acquisition Co. III Khosla Ventures Acquisition Co. III (KVSC) to Liquidate Khosla Ventures Acquisition Co. III (NASDAQ:KVSC) did not consummate, or execute a letter of intent before March 26, and therefore shall cease all operations except for the purpose of winding up. It intends to liquidate and redeem all of its...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Faze Clan considers going private, Richard Branson sits out Virgin Orbit’s flameout, and Tempo Automation to acquire Optimum Design Associates Faze Clan considers going private amid financial concerns Esports giant Faze Clan (NASDAQ:FAZE) is...
Aquaron Acquisition Corp. (NASDAQ:AQU) has entered into a definitive agreement to combine with hydrogen energy company Bestpath at an initial equity value of $1.2 billion. Shanghai-based Bestpath has developed technology for hydrogen fuel cell-powered heavy trucks and the refilling stations that would supply them. The combined company is expected to trade on the Nasdaq once...
Manufacturing technology company Berkshire Grey (NASDAQ:BGRY), which closed a combination with Revolution Acceleration in July 2021, announced over the weekend that it is being acquired by SoftBank in a take-private transaction priced at $1.40 per share. The price marks a 24% premium over Berkshire Grey’s closing price on March 24 and a 7.6% boost over...