Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Periphas Capital Partnering Corp., Big Sky Growth Partners, Glenfarne Merger Corp., JOFF Fintech, Cohn Robbins, KKR Holdings I, Advanced Merger Partners, Longview II
Periphas Capital Partnering Corp. to Liquidate
On November 29, 2022, Periphas Capital Partnering Corporation (NYSE: PCPC) announced that its board of directors had determined to redeem all of its outstanding shares of Class A common stock. The company expects the redemption of its shares to occur on or about December 21, 2022.
Periphas anticipates that the last day of trading in its shares will be December 14, 2022 and that, as of the open of business on December 15, 2022, the shares will be suspended from trading, will be deemed cancelled and will represent only the right to receive the per-share redemption price to be announced at a later date.
Big Sky Growth Partners Inc. to Liquidate
On December 12, Big Sky (NASDAQ:BSKY) shareholders approved an amendment to change the liquidation date from May 3, 2023 to December 12, 2022.
READGlenfarne Merger Corp. to Liquidate
On December 9, 2022, Glenfarne Merger Corp. (Nasdaq: GGMCU) announced that if stockholders approve a proposed amendment to terminate early, it will redeem all of its outstanding Class A common stock, effective as of the close of business on December 16, 2022.
The per-share redemption price for the public shares is expected to be approximately $10.00.
READJOFF Fintech Acquisition Corp. to Liquidate
On December 14, 2022, the stockholders of JOFF Fintech Acquisition Corp.(NASDAQ:JOFF) approved an amendment to allow the company to unwind and redeem all of its outstanding public shares on December 14, 2022.
READCohn Robbins Holdings Corp. to Liquidate
Due to the company not completing a business combination by December 11, 2022, Cohn Robbins (NYSE:CRHC) will as promptly as possible, but not more than ten business days thereafter, redeem 100% of its issued and outstanding Class A ordinary shares.
The redemption is expected to be completed on or about December 16, 2022. Based upon the amount held in the trust account as of September 30, 2022, which was $74,951,728, the company estimates that the per-share redemption amount will be approximately $10.03.
READKKR Holdings I Corp. to Liquidate
Advanced Merger Partners, Inc. to Liquidate
On November 30, 2022, Advanced Merger Partners, Inc. (NYSE:AMPI) announced that it will redeem all of its outstanding Class A common stock, effective as of December 15, 2022, if stockholders approve a proposal at today’s special meeting.
The per-share redemption price for the public shares is expected to be approximately $10.08.
READLongview Acquisition Corp. II to Liquidate
On December 14, 2022, Longview Acquisition Corp. II (NYSE: LGV.U) stockholders approved an amendment to change the date by which it must complete a business combination.
The board set December 14, 2022, as the date by which the company must consummate a business combination and expects to redeem all of its outstanding Class A common stock on or prior to December 29, 2022.
The holders of 60,932,798 outstanding shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.06 per share, for an aggregate redemption amount of approximately $612,983,947.88. Following such redemptions, 8,067,202 shares remain outstanding.
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Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
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With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...