Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: NightDragon, VectoIQ II, and Fortistar Sustainable Solutions Corp.
Night Dragon Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
NightDragon Acquisition Corp. (NASDAQ: NDAC) anticipates that the last trading day of its public shares on Nasdaq will be December 2, 2022. The company will redeem all of the outstanding shares of Class A common stock for approximately $10.07 per share.
READVectoIQ Acquisition Corp. II Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
VectoIQ Acquisition Corp. II (Nasdaq: VTIQU) announced that if stockholders approve an amendment to its trust agreement, it will redeem all of its outstanding shares of Class A common stock, effective as of December 12, 2022 because the company was unable to complete an initial business combination.
The special meeting is to be held on December 9, 2022.
The per-share redemption price for the public shares is expected to be approximately $10.07, assuming the stockholders approve the early termination proposals at the meetings.
READFortistar Sustainable Solutions Corp. to Liquidate Trust
At the special meeting of stockholders of Fortistar Sustainable Solutions Corp. (NASDAQ:FSSI), stockholders approved an amendment to allow the Company to redeem all of its outstanding shares of Class A common stock in advance of its contractual expiration date of January 29, 2023 by changing the termination date to December 2, 2022.
The company will be obligated to redeem all public shares as promptly as reasonably possible but not more than ten business days after the new termination date. Fortistar expects to complete the mandatory redemption on or around December 7, 2022 at a per-share redemption price of approximately $10.08.
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Terms Tracker for the Week Ending January 27, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re coming up on the end of January, the first month of the year, and to-date no new S-1s have been filed. Additionally, the number...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Circle spokesperson denies blaming SEC for failed deal, BuzzFeed CEO says AI-powered content will be part of core business, and FaZe Clan faces possible delisting Circle Spokesperson Denies Blaming SEC for Failed $9 Billion Deal...
Health Sciences 2 (NASDAQ:HSAQ) announced that it closed its combination with Orchestra BioMed on January 26. HSAQ ahead of its vote pre-announced redemption figures of 1,597,888 shares equating to 67.7% redemptions, however, that’s still subject to change. However, today it was noted that Orchestra BioMed is to receive $70 million in gross proceeds including $20...
Carbon capture technology has long been talked about, and it is finally in operation with LanzaTech among the pioneers. Its plants are turning potential emissions into clothing, household goods and sustainable fuels. SPAC cash is now also an accelerant in this new process as the company announced a $1.7 billion combination with AMCI II last March. This week, we caught up with...
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi. Thirty months does not sound like that long, but it’s been a...