Latest SPAC Liquidations: Iron Spark I Inc., Monument Circle, EQ Health, Shelter I, Sports Ventures, and Catalyst Partners
Iron Spark I Inc. (ISAA) to Liquidate on December 28
Iron Spark I Inc. (Nasdaq: ISAA) announced that it will not be able to complete its previously announced business combination with Hypebeast Limited by year-end. Shareholders approved a proposal to change the liquidation from June 11, 2023 to December 28, 2022. As a result, ISAA intends to dissolve and liquidate promptly after December 28, 2022 and will redeem all of the outstanding public shares of common stock at an expected per-share redemption price of approximately $10.09.
READMonument Circle Acquisition Corp. (MON) to Liquidate on December 23
On December 15, 2022, Monument Circle’s (NASDAQ:MON) Board determined that the company will wind up its operations and commence liquidation as soon as practicable before December 31, 2022.
As a result, the securities will be suspended from trading on Nasdaq on December 23, 2022, and all shares will be deemed cancelled and will represent only the right to receive the redemption amount.
READEQ Health Acquisition Corp. (EQHA) to Liquidate on December 21
On December 6, 2022, EQ Health Acquisition Company (NYSE:EQHA) shareholders approved an amendment to change the termination date from February 2, 2023 to December 21, 2022.
The company expects to complete the redemption on or around December 28, 2022.
READShelter Acquisition Corp. I (SHQA) to Liquidate on December 21
Shelter Acquisition Corporation I (Nasdaq: SHQA) announced that its board has unanimously determined it is in the best interest of the company to liquidate and redeem all remaining shares before the end of the fiscal year in order to avoid incurring additional tax liabilities in 2023.
On December 21, 2022, the company notified The Nasdaq of the redemption and requested that Nasdaq suspend trading of the shares, redeemable warrants, each exercisable for one share at an exercise price of $11.50 per share, and units, effective before the opening of trading on December 22, 2022.
The company expects to complete the redemption on or about December 27, 2022.
READSports Ventures Acquisition Corp. (AKIC) to Liquidate
Sports Ventures Acquisition Corp. (NASDAQ: AKIC) announced today that the company intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $10.12.
The redemption of the shares is expected to be completed by December 29, 2022.
READCatalyst Partners Acquisition Corp. (CPAR) to Hold Shareholder Meeting to Liquidate Early
Catalyst Partners (NASDAQ:CPAR) announced this afternoon that it will hold a shareholder meeting seeking to gain approval to liquidate early. The original termination date is May 20, 2023, but the SPAC is hoping to amend it to an earlier date.
READ
Terms Tracker for the Week Ending March 17, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Despite this week’s headlines about bank failures, EF Hutton managed to file both a new S-1 registration statement and price an IPO. They should have...
Latest SPAC Liquidations: Northern Genesis III, MSD, and Tech and Energy Transition Corp. Northern Genesis Acquisition Corp. III (NGC) to Liquidate on March 24 Northern Genesis III (NYSE:NGC) announced that it will redeem all outstanding shares effective as of the close of business on March 27. Shares will cease trading on March 24 and the per-share...
Tech and Energy Transition Corp. (NASDAQ: TETC) announced this afternoon that its shareholders have voted against a proposal to extend the SPAC’s timeline to complete a business combination. Holders of 38,069,946 shares of TETC’s common stock, comprised of 28,495,396 shares of Class A common stock, and 9,575,000 shares of Class B common stock, were present at...
Direct Selling Acquisition Corp. (NYSE: DSAQ) announced this morning that it intends to adjourn its extension vote, originally scheduled to be held on March 22, and will reconvene on March 24 at 11:00 a.m. The SPAC has also extended the redemption deadline to March 22 at 5:00 p.m. It is currently facing a completion deadline of March...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Saudi Arabia explores setting up framework for SPAC listings, and Boxed considers filing for bankruptcy Saudi Arabia Explores Setting Up Framework for SPAC Listings Saudi Arabia’s market regulator is looking into setting up a...