Latest SPAC Liquidations: Waverley Capital 1
Waverley Capital Acquisition Corp. 1 (WAVC) to Liquidate on August 24
Waverley Capital Acquisition Corp. 1 (NYSE:WAVC) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of September 8, because the company will not consummate an initial business combination within the time period required.
The per-share redemption price for the public shares will be approximately $10.37. The last day that the company’s securities will trade on the NYSE will be August 24. As of September 8, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount.
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GigCapital 5, Inc. (GIA) Signs Non-Redemption Agreements GigCapital 5 (NASDAQ:GIA) announced in an 8-K this morning that it has entered non-redemption agreements with third parties that will secure up to 2,042,903 shares from redemption. One of these third parties is Meteora Capital Partners and the investors have made this commitment with the caveat that none...
Anzu Special Acquisition Corp I (NASDAQ:ANZU) announced this afternoon that its stockholders voted in favor of the proposed business combination with Envoy Medical Corporation (“Envoy”), held earlier today. Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the business combination to be consummated on September 29, 2023....
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Integrated Wellness (NYSE:WEL) announced this morning that it has nixed its combination with vending machine operator Refreshing USA due to conditions of the combination remaining unfulfilled. The SPAC did not elaborate on what conditions those were, but the two sides have been past their initial outside date since July 31. Integrated Wellness still plans to...