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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Trailblazer Merger Corporation I priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBMCU” Wednesday, March 29, 2023. The SPAC intends to focus its search on companies operating in the technology industry in the following segments: cloud as a service, supply chain technologies, servicing the hybrid workforce...
Alpine (NYSE:REVE) announced this afternoon that it has again adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus. The SPAC originally intended to hold its special meeting on February 24, but has adjourned it four times since then. Alpine now expects to reconvene the meeting on March 30 at 12:00 p.m....
Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned its extension vote today and will reconvene the special meeting at 10:30 am ET on March 30. At the upcoming meeting, the SPAC hopes to gain shareholder approval to extend its completion deadline from April 4, 2023, to October 4, 2023. Home Plate announced a $214 million business combination with...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Ares considers raising $400M for new SPAC and electric air mobility division of AIRO and Kernel Group sign MOU with Blade India Ares Considers New $400 Million SPAC Despite Market Lull Ares Management Corp....
DiamondHead Holding Corps. (NASDAQ:DHHC) announced in an 8-K this morning that it has entered into subscription agreements with lock-up investors and PIPE investors in connection to its business combination with Great Southern Homes. Although the deal was approved by shareholders during a meeting last Thursday, the parties are still working to raise funds to meet...