Latest Non-Redemption Agreements: Northern Star Investment Corp. III, Northern Star Investment Corp. IV, M3-Brigade II
Northern Star Investment Corp. III (NSTC) Enters Non-Redemption Agreement
Northern Star Investment Corp. III (NYSE:NSTC) entered into its fourth non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 1,400,000 shares in connection with the special meeting to extend its timeline from March 4 to September 4.
In exchange for the commitment, the sponsor will transfer 350,000 shares to the investors immediately following the completion of an initial business combination.
READNorthern Star Investment Corp. IV (NSTD) Enters Non-Redemption Agreement
Northern Star Investment Corp. IV(NYSE:NSTD) entered into its fourth non-redemption agreement with several unaffiliated third parties holding an aggregate of 1,000,000 shares. The company faces a completion deadline of March 4 but is hoping to extend it to September 4.
In exchange for the commitment, the Sponsor will transfer 250,000 shares to the investors immediately following the completion of an initial business combination if they continue to hold the non-redeemed shares through the extension.
READM3-Brigade Acquisition Corp. II (MBAC) Enters Non-Redemption Agreement
M3-Brigade Acquisition Corp. II (NYSE:MBAC) entered into non-redemption agreements with unaffiliated third parties in exchange for such third parties agreeing not to redeem 4,052,653 shares in connection with the special meeting of stockholders to consider a completion extension from March 8 to December 8.
In exchange for the commitments, the sponsor has agreed to transfer an aggregate of 1,013,161 shares of the company’s class B common stock to the investors promptly upon completion of the extension.
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Terms Tracker for the Week Ending March 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. While this week was relatively quiet on the filings front, we did see March’s second SPAC IPO price with Oak Woods Acquisition Corp’s $50 million...
Latest Non-Redemption Agreements: ExcelFin Acquisition Corp. ExcelFin Acquisition Corp. (XFIN) Adds Non-Redemption Agreement In connection with the special meeting of stockholders of ExcelFin Acquisition Corp. (NASDAQ:XFIN) to extend its completion deadline from April 25, 2023 to October 25, 2023, the company and its sponsor, ExcelFin SPAC LLC, entered into a non-redemption agreement with an unaffiliated third party....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Momentus SPAC backers accused of deliberately engineering a catastrophic deal Momentus SPAC Backers Accused of Hiding Disastrous Deal’s Flaws A Momentus Inc. (NASDAQ:MNTS) investor sued backers of its blank-check merger with a shell company,...
DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this morning that its shareholders approved its combination with Great Southern Homes at a special meeting March 23. Only 109,426 shares were redeemed in the connection with the vote, but DiamondHead has seen about 87% redemptions in total across all previous votes, leaving it with about $43.9...
Graf Acquisition Corp. IV (NYSE:GFOR) announced that it has signed a non-binding letter of intent to combine with clinical-stage biopharma company NKGen. This announcement is not a pure teaser as Graf IV is not facing an imminent extension vote and currently has until May 25 on its clock. It does, however, signal something of a...