Hunt Companies Acquisition Corp. I (NYSE:HTAQ) announced this afternoon that due to its inability to complete a business combination, it intends to dissolve and liquidate its trust.
The last day that HTAQ’s securities will trade on the NYSE will be October 31. As of November 1, the public shares will be deemed cancelled and will represent only the right to receive the redemption amount of $10.16.
HTAQ’s trust account holds approximately $233,770,337, which includes approximately $320,337 in interest and dividend income, excess of cash over $233,450,000, the funds deposited into the trust account. In accordance with the terms of the related trust agreement, Hunt expects to retain up to $100,000 of the interest and dividend income from the trust account to pay dissolution expenses. Accordingly, there is expected to be a total of $233,670,337 available for redemption of the 23,000,000 public shares outstanding, which results in the redemption price of $10.16 per share.
Although Hunt did not disclose why it is liquidating its trust, it is likely that the team has felt the pressure from unfavorable market conditions, making it challenging to secure a business combination given the current environment.
Hunt originally announced the pricing of its $200 million IPO in November 2021 and intended to focus its search on businesses within the renewable energy, infrastructure services, and real asset services sectors. Hunt is now the 37th SPAC to announce its intention to liquidate in 2022, 28 of which have already completed their liquidations.
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...
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....