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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TLGY (OTC:TLGYF) has entered into a definitive agreement to combine with crypto treasury firm StablecoinX at a pro forma $393.6 million equity value. StablecoinX aims to build a sizeable holding of the stablecoin Ethena to gain appreciation on its potential broadening adoption and growth. The combined company is expected to trade on the Nasdaq under...
Dynamix (NASDAQ:DYNX) has signed a definitive agreement to combine with crypto treasury firm The Ether Machine in a deal that is expected to deliver about $1.7 billion in gross proceeds. The Ether Machine aims to use proceeds from the business combination to buy the largest listed position in Ethereum and make continued transactions based on...
Cantor Equity Partners IV Inc. (NASDAQ:CEPF) has filed for a $400 million SPAC to extend the team’s already extraordinary 2025 run. Like the other SPACs in this series, Cantor Equity IV will sell only shares in its offering and its trust will not be overfunded. Ordinarily, this would leave little for SPAC investors to be...
At the SPAC of Dawn The pace of SPAC votes is picking up with three extension votes scheduled for this week while both WinVest (OTC:WINV) and Inception Growth (OTC:IGTA) are each hoping to secure shareholder approval for their business combinations on Friday. If both successfully close, they would help the ongoing process to close the...
Terms Tracker for the Week Ending July 18, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Three more SPACs priced this week, bringing July’s IPO total to 11 with two more weeks in the month still to go. With that pace,...