Latest SPAC Liquidations: Build Acquisition, McLaren Technology, and Live Oak Mobility
Build Acquisition Corp. (BGSX) to Liquidate on March 17
Build Acquisition Corp. (NYSE:BGSX) today announced that it will redeem all of its outstanding common stock that was included in the units issued in its initial public offering, effective as of the close of business on March 17, 2023, as the company will not consummate an initial business combination on or prior to March 19, 2023.
The per-share redemption price for the public shares will be approximately $10.21.
READMcLaren Technology Acquisition Corp. (MLAI) to Liquidate on March 3
McLaren Technology Acquisition Corp. (NASDAQ: MLAI) announced today that it intends to dissolve and liquidate its trust, effective as of the close of business on March 3, 2023, and will redeem all of the outstanding shares of Class A common stock, at a per-share redemption price of approximately $10.39.
READLive Oak Mobility Acquisition Corp. (LOKM) to Liquidate
Live Oak Mobility Acquisition Corp. (NYSE: LOKM) announced today the cancellation of its special meeting of stockholders.
LOKM expects that it will redeem all of its outstanding shares of Class A common stock sold as part of the units in LOKM’s initial public offering because LOKM will not consummate an initial business combination. LOKM expects to announce additional information on such redemption in the coming days.
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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....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...