Latest SPAC Liquidations: Spindletop Health, Astrea, Omega Alpha SPAC, and SportsTek
Spindletop Health Acquisition Corp. (SHCA) to Liquidate on December 20
Spindletop Health Acquisition Corp. (NASDAQ:SHCA) announced that in accordance with the announced December 20, 2022 termination date set by its Board of Directors, the company expects to redeem all outstanding public shares by December 27, 2022, following which it will be dissolved, liquidated and wound up.
The Company estimates that the total Redemption Amount will be approximately $901,300.00, and the per-share Redemption Amount will be approximately $10.00.
READAstrea Acquisition Corp. (ASAX) to Liquidate on December 23
Astrea (NASDAQ:ASAX) shareholders approved an amendment to change its termination date February 8, 2023 to December 23, 2022.
In connection with the vote, a total of 17,076,230 shares of common stock were submitted for redemption.
READOmega Alpha Acquisition Corp. (OMEG) to Liquidate on December 28
The Board of Omega Alpha SPAC (NASDAQ:OMEG) has determined that the company will not be able to complete a business combination and intends to liquidate early, effective as of the close of business on December 28, 2022.
The per-share redemption price for the public shares will be approximately $10.11.
READSportsTek Acquisition Corp. (SPTK) Terminates LOI and Intends to Liquidate on December 27
SportsTek Acquisition Corp. (Nasdaq: SPTK) announced today that the non-binding letter of intent with Metavisio has been mutually terminated by the parties.
In addition, the company announced today that its board of directors has elected to abandon and not implement the extension that was approved by stockholders on December 20, 2022. As a result, SPTK intends to liquidate and as of the close of business on December 27, 2022, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.
Trailblazer Merger Corporation I priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBMCU” Wednesday, March 29, 2023. The SPAC intends to focus its search on companies operating in the technology industry in the following segments: cloud as a service, supply chain technologies, servicing the hybrid workforce...
Alpine (NYSE:REVE) announced this afternoon that it has again adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus. The SPAC originally intended to hold its special meeting on February 24, but has adjourned it four times since then. Alpine now expects to reconvene the meeting on March 30 at 12:00 p.m....
Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned its extension vote today and will reconvene the special meeting at 10:30 am ET on March 30. At the upcoming meeting, the SPAC hopes to gain shareholder approval to extend its completion deadline from April 4, 2023, to October 4, 2023. Home Plate announced a $214 million business combination with...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Ares considers raising $400M for new SPAC and electric air mobility division of AIRO and Kernel Group sign MOU with Blade India Ares Considers New $400 Million SPAC Despite Market Lull Ares Management Corp....
DiamondHead Holding Corps. (NASDAQ:DHHC) announced in an 8-K this morning that it has entered into subscription agreements with lock-up investors and PIPE investors in connection to its business combination with Great Southern Homes. Although the deal was approved by shareholders during a meeting last Thursday, the parties are still working to raise funds to meet...