Latest SPAC Liquidations: Tio Tech A, Horizon Acquisition Corp. II, Eucrates Biomedical, and InterPrivate IV InfraTech Partners Inc.
Tio Tech A (TIOA) to Liquidate on April 21
On April 11, Tio Tech A (NASDAQ:TIOA) announced that it will be unable to complete an initial business combination and intends to redeem all of the outstanding Class A ordinary shares on or about April 24.
The company expects that the last day of trading of the shares on the Nasdaq will be April 21.READ
Horizon Acquisition Corp. II (HZON) Terminates Flexjet Deal, Intends to Liquidate on April 25
Horizon Acquisition Corporation II (NYSE American: HZON) announced today that it has agreed to terminate its business combination agreement with Flexjet, Inc. As a result of the termination, Flexjet will remain a private company, and Horizon will liquidate its trust account and redeem all of its outstanding Class A ordinary shares.
The parties have signed an agreement terminating the business agreement on mutually acceptable terms, but the terms include a termination payment of approximately $30 million from Flexjet to Horizon. As a result of the payment and after satisfying its liabilities for expenses and working capital loans, Horizon expects to redeem all of its outstanding Class A shares for a redemption price of approximately $11.33 per share, an expected increase of approximately $1.30 per share over the current $10.03 per share amount in Horizon’s trust account.
Horizon anticipates that the last day of trading in the Class A ordinary shares will be April 25.READ
Eucrates Biomedical Acquisition Corp. (EUCR) to Liquidate
Eucrates Biomedical Acquisition Corp. (Nasdaq: EUCR) announced today that it intends to dissolve and liquidate its trust.
As part of that dissolution and liquidation, the company will redeem all of the outstanding ordinary shares at a per-share redemption price of approximately $10.00.
As of the close of business on April 26, the shares will represent the right to receive the redemption amount.READ
InterPrivate IV InfraTech Partners (IPVI) to Liquidate on April 12
InterPrivate IV InfraTech Partners Inc. (Nasdaq: IPVI) announced today that it will redeem all of its issued and outstanding shares of Class A common stock because the sponsor has determined that it will not make an additional contribution to the trust account required in order to further extend the April 9, 2023 deadline.
Following such redemption of the shares, the company will liquidate and dissolve. It anticipates that the shares will cease trading at or around the close of business on April 12, and the redemption amount is expected to be paid by April 25.
On the Redemption date, the Public Shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. After April 25, 2023, the Company will cease all operations except for those required to wind up the Company’s business.READ
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. The SPAC plans to use this time to further engage with its shareholders as the ballot includes a variety of additional...
Latest Non-Redemption Agreements: EVe Mobility EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement On June 5, 2023, EVe Mobility Acquisition Corp. (NYSE:EVE) and the Sponsor entered into non-redemption agreements with unaffiliated third party investors, pursuant to which the Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior...
Latest SPAC Liquidations: ST Energy Transition I, MELI Kaszek Pioneer Corp. ST Energy Transition I Ltd. (STET) to Liquidate on June 7 ST Energy Transition I Ltd. (NYSE:STET) announced today that the Board of Directors has elected to dissolve and liquidate the company. Net of taxes and dissolution expenses, the per-share redemption price for the...
Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) announced this afternoon that it has secured a $5 million PIPE for its proposed merger with consultancy firm Aeries Technology. While most PIPEs are priced at $10 per share, Worldwide Webb’s $5 million subscription agreement was executed at just $4.48 per share in a private placement to be completed concurrently...
Metals Acquisition Corp. (NYSE: MTAL) announced this afternoon that its shareholders have approved its acquisition and business combination with the CSA Copper Mine from Glencore (LON:GLEN) at a special meeting held earlier today. The business combination and merger were overwhelmingly approved as both proposals received 27,538,130 shares in favor of it and just 455,506 shares against it. In...