Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Broadscale, Revolution Healthcare, Research Alliance II, and Kairos
Broadscale Acquisition Corp. to Liquidate
On December 6, 2022, stockholders of Broadscale Acquisition Corp. (NASDAQ:SCLE) approved amendments to change the termination date from February 17, 2023 to December 8, 2022.
In connection with the amendment, the holders of 33,825,224 shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.08 per share, for an aggregate redemption amount of approximately $340.95 million. Following the redemptions, 674,776 shares remain outstanding.
Broadscale estimates that the total redemption amount will be approximately $6.75 million, and the per-share Redemption Amount will be approximately $10.00.
READRevolution Healthcare Acquisition Corp. Shareholders Approve Liquidation Date Amendment
On December 2, 2022, Revolution Healthcare (NASDAQ:REVH) held a special meeting of stockholders to amend the company’s termination date from March 22, 2023, to December 2, 2022. The amendment was approved with 44,363,975 votes in favor of it and 22,042 against it.
READResearch Alliance Corp. II Shareholders Approve Liquidation Date Amendment
On December 2, 2022, Research Alliance II (NASDAQ:RACB) held a special meeting of stockholders to amend the company’s termination date from March 22, 2023, to December 2, 2022. The amendment was overwhelmingly approved with 16,553,346 votes in favor of it and just 1,854 votes against it.
READKairos Acquisition Corp. Announces Liquidation
Kairos Acquisition Corp. (Nasdaq: KAIR) announced today that due to its inability to complete a business combination, the company intends to dissolve and liquidate, effective as of the close of business on December 6, 2022, and will redeem all of the outstanding shares at a per-share redemption price of approximately $10.08.
The redemption of the shares is expected to be completed by January 3, 2023.
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At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...