Latest SPAC Liquidations: EdtechX Holdings Acquisition Corp. II
EdtechX Holdings Acquisition Corp. II (EDTX) to Liquidate
As previously disclosed, on June 21, EdtechX Holdings Acquisition Corp. II (NASDAQ:EDTX) notified zSpace that it was terminating its business combination. The company is considering all available remedies in connection with the failure to complete the business combination in accordance with the merger.
But, in light of the termination, the EDTX has determined that it will not be possible to complete a deal and will begin the process of liquidating and dissolving.
It will now as promptly as reasonably possible, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust, including interest earned on the trust account and not previously released to the company, divided by the number of then outstanding public shares.
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Terms Tracker for the Week Ending September 22, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs finally saw two new S-1 filings this week, the first to file since August 24th. Hainan Sirius Acquisition Corp. filed first on Thursday and...
Latest SPAC Liquidations: LF Capital Acquisition Corp. II LF Capital Acquisition Corp. II (LFAC) to Liquidate on October 3, 2023 LF Capital Acquisition Corp. II (Nasdaq: LFAC), today announced that the directors of the Company have determined to dissolve and liquidate the Company. The redemption of the Public Shares is expected to be completed on...
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Twin Ridge (NYSE:TRCA) announced this afternoon that it plans to convene and then adjourn its extraordinary general meeting of its shareholders originally to be held on September 26 at 11:30 a.m., Eastern Time. Twin Ridge intends to hold the new meeting at 11:30 a.m., Eastern Time, on October 3, 2023. Additional details were not given as to...
Social Leverage Acquisition Corp I (Nasdaq: SLAC) and W3BCLOUD Holdings Inc. announced this afternoon that they have mutually agreed to terminate their business combination agreement. The reasons cited were once again “due to existing market conditions”, which most likely implies the current capital market conditions as well as the fact that W3BCLOUD works within the...