Latest SPAC Liquidations: Apeiron Capital Investment Corp.
Apeiron Capital Investment Corp. (APNC) Terminates GIO World Health Deal, Intends to Liquidate on August 14
Apeiron Capital Investment Corp. (OTCMKTS:APNC) announced today that it has notified GIO World Health, Ltd. that it has elected to terminate the deal.
Due to its inability to complete an initial business combination within the time period required, the company intends to liquidate and dissolve, effective as of the close of business on August 14.
The company will redeem all of the outstanding shares of common stock at a per-share redemption price equal to the aggregate amount then on deposit in the trust including interest earned on the funds and not previously released to the company to pay its taxes, divided by the number of outstanding public shares.
As of the close of business on August 14, the shares will be deemed canceled and will represent only the right to receive the redemption amount.
Mercato Partners (NASDAQ:MPRA) closed its combination with Brazilian software firm Nuvini this afternoon and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “NVNI” and “NVNIW” on October 2. The combined company will continue to be led by its existing CEO and a seven-member Board including Mercato CEO Dr....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. $1 bln metals SPAC deal backed by Glencore, automakers collapses A $1 billion metals deal by blank-cheque fund ACG Acquisition Co has been terminated following delays when the different sides, which included a leading global miner and...
TradeUP (NASDAQ:UPTD) announced this morning that it has closed its combination with Estrella Biopharma and its shares and warrants will begin trading on the Nasdaq under the symbols “ESLA” and “ESLAQ” on October 2. This will be the first time that TradeUp sub-unit’s will split into shares and their accompanied 1/2 warrants. The SPAC secured...
Mobiv Acquisition Corp. (NASDAQ:MOBV) announced this morning that its shareholders approved its combination with EV motorcycle-maker SRIVARU at a special meeting September 28. Redemptions whittled Mobiv’s IPO share pool of 10,005,000 down to 195,992 through the vote. But, on September 27, Mobiv provided an update exhorting redeemers to change their decisions, noting that its ex-redemptions...
Hennessy Capital Investment Corp VI (NASDAQ:HCVI) announced overnight that it plans to adjourn today’s 9 am ET extension vote and reopen it at 3 pm ET this afternoon. This does not technically change the redemption deadline for investors, but those wishing to withdraw their redemption requests may still do so by 2 pm ET today....