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 SPAC Liquidations: JAWS Hurricane JAWS Hurricane Acquisition Corporation (HCNE) to Liquidate on June 16 JAWS Hurricane Acquisition Corporation (Nasdaq: HCNE) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. As such, the Board has determined to cancel the special meeting of its stockholders,...
Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced this afternoon that it has completed its combination with Chinese carmaker Chijet. The deal was already approved by shareholders at a special meeting held on May 2, but at that time, the SPAC did not provide a timeline for the closing of the transaction. Although redemption numbers have still not...
The advent of summer is bringing nine lock-up expirations for de-SPAC’d companies and 10 on the sponsor side. The first change is to come for the sponsor of European Biotech Acquisition Corp., which closed its combination with Swiss pharma firm Oculis SA (NASDAQ:OCS) just three months ago. The sponsor is getting flexibility at a good...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Lucid to raise $3B in a common stock offering from Saudi owners, Betsy Cohen says SPACs will make a comeback, and SatixFy makes another leadership change Lucid Raising $3 Billion With More Money From...
An article on Bloomberg yesterday announced what many in SPAC Land have been wondering after UBS acquired Credit Suisse – where was Niron Stabinsky, the Head of SPACs at Credit Suisse, going to land? The answer is Banco Santander SA, in what appears to be a massive lift of most (or nearly all) of Credit...