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.READ
ABG 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.READ
Counter 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.READ
Arctos 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.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...