Latest SPAC Liquidations: Carney Technology II, ABG I, Counter Press, and Arctos NorthStar
Carney Technology II (CTAQ) to Liquidate on February 14
Carney Technology Acquisition Corp. II (NASDAQ:CTAQ) announced today that it will be unable to complete a business combination and intends to dissolve and liquidate. Due to the recent developments, the Board of Directors has determined not to further extend the term the company’s timeline beyond February 14, 2023 and proceed with the Liquidation.
As of the close of business on February 14, 2023, the Class A common stock will be deemed cancelled and will represent only the right to receive the redemption amount.
READABG Acquisition Corp. I (ABGI) to Liquidate on February 17
ABG Acquisition Corp. I (Nasdaq: ABGI) today announced that as of the close of business on February 21, 2023, the company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive from the trust the per-share redemption price for the shares to be announced at a later date.
The Company anticipates that the Public Shares will cease trading on The Nasdaq Capital Market as of the close of business on February 17, 2023.
READCounter Press Acquisition Corp.(CPAQ) to Liquidate on February 27
Counter Press Acquisition Corp. (Nasdaq: CPAQ) announced today that it intends to dissolve and liquidate. As part of that dissolution and liquidation, the company will redeem all of the outstanding shares of Class A ordinary shares that were included in its initial public offering at a per-share redemption price of approximately $10.15.
As of the close of business on or before February 27, 2023, the shares will represent the right to receive the redemption amount.
READArctos NorthStar Acquisition Corp. (ANAC) to Liquidate on February 27
Arctos NorthStar Acquisition Corp. (NYSE: ANAC) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 27, 2023.
Net of dissolution expenses, the per-share redemption price for the Class A Shares is expected to be approximately $10.19.
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