Latest SPAC Liquidations: Arbor Rapha Capital Bioholdings Corp. I, SVF Investment Corp. 2, and Emerging Markets Horizon Corp.
Arbor Rapha Capital Bioholdings Corp. I (ARCK) Announces Intent to Liquidate on March 7
On March 3, 2023, Arbor Rapha Capital Bioholdings Corp. I (NASDAQ:ARCK) held a special meeting where stockholders approved a proposal to change the liquidation date from August 2, 2023 to March 7, 2023.
In connection therewith, the company gave formal notice to Nasdaq on March 3, 2023 of its intention to dissolve and liquidate and requested that Nasdaq file a Form 25 with the SEC to delist its securities.
Stockholders elected to redeem an aggregate of 4,233 shares of Class A Common Stock, representing approximately 6.9% of the issued and outstanding Class A Common Stock.
READSVF Investment Corp. 2 (SVFB) to Liquidate on March 9
SVF Investment Corp. 2 (Nasdaq: SVFB) today announced that as of the close of business on March 9, 2023, the company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive their pro-rata share in the trust.
The per-share redemption price for the shares will be approximately $10.21.
READEmerging Markets Horizon Corp. (HORI) to Liquidate on March 13
Emerging Markets Horizon Corp. (NASDAQ:HORI) announced today that it intends to dissolve and liquidate and will redeem all of the outstanding Class A ordinary shares that were included in the units issued in its IPO, at a per-share redemption price of approximately $10.41.
As of the close of business on March 13, 2023, the shares will be deemed cancelled and will represent only the right to receive the redemption amount. The company anticipates that the shares, as well as the Company’s publicly traded units and warrants, will cease trading as of the close of business on March 10, 2023.
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Latest SPAC Liquidations: TCV Acquisition Corp. TCV Acquisition Corp. (TCVA) to Liquidate on April 13 TCV Acquisition Corp. (Nasdaq: TCVA) announced that it intends to dissolve and liquidate. It will redeem all of the outstanding Class A ordinary shares that were included in its initial public offering at a per-share redemption price of approximately $10.24. As...
DiamondHead Holding Corps. (NASDAQ:DHHC) announced that it has closed its combination with Great Southern Homes and the combined company will be renamed United Homes Group. The deal was approved by shareholders during a meeting last Thursday, and only 109,426 shares were redeemed in connection with the vote, but DiamondHead saw about 87% redemptions in total...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Volta sued over SPAC deal, Liberty Resources establishes M&A Transition Taskforce, and chancery validates SPACs’ charter amendments and share issuances Volta Sued Over SPAC Deal as $169M Shell Sale Is Approved An investor sued...
Maxpro Capital (NASDAQ:JMAC) announced that it has closed its combination with clinical-stage biotech firm Apollomics and the combined company’s shares and warrants are to begin trading today on the Nasdaq under the symbols “APLM” and “APLMW”, respectively. Apollomics is set to receive $21.35 million in proceeds from a PIPE that Maxpro announced in February and...
Latest Non-Redemption Agreements: Home Plate Acquisition Corp. Home Plate (HPLT) Adds Non-Redemption Agreement On March 29, Home Plate Acquisition Corporation (NASDAQ:HPLT) and its sponsor entered into a non-redemption agreement with one or more unaffiliated third parties. The third parties agreed not to redeem an aggregate of 2,049,999 shares of Class A common stock at the company’s...