Latest SPAC Liquidations: Ibere Pharmaceuticals, New Vista, Kadem Sustainable Impact Corp.
Ibere Pharmaceuticals (IBER) to Liquidate on March 2
Ibere Pharmaceuticals (NYSE:IBER) today announced that it will redeem all of its outstanding ordinary shares that were included in the units issued in its initial public offering, effective as of the close of business on March 2, 2023.
The per-share redemption price for the Public Shares will be approximately $10.17.
The Public Shares will cease trading as of the close of business on March 1, 2023. As of the close of business on March 2, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount.
READNew Vista Acquisition Corp. (NVSA) to Liquidate on February 19
New Vista Acquisition Corp. (NASDAQ: NVSA) today announced that it has cancelled the extraordinary general meeting that was previously scheduled for 10:00 a.m. on February 15. The company will not complete an initial business combination by February 19.
Therefore, following February 19, the company will proceed to redeem all of the Class A ordinary shares and will liquidate and dissolve.
The redemption of the Public Shares is expected to be completed by March 6, 2023.
READKadem Sustainable Impact Corp. (KSI) to Liquidate on March 19
Kadem Sustainable Impact Corporation (NASDAQ: KSI) today announced that it will redeem all of its outstanding shares of Class A common stock, effective as of the close of business on March 19.
The per-share redemption price for the public shares will be approximately $10.05.
The company anticipates that the public shares will cease trading as of the open of business on March 17, 2023 in order to allow time for the settlement of trades. As of the close of business on March 19, 2023, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount.
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Terms Tracker for the Week Ending March 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. While this week was relatively quiet on the filings front, we did see March’s second SPAC IPO price with Oak Woods Acquisition Corp’s $50 million...
Latest Non-Redemption Agreements: ExcelFin Acquisition Corp. ExcelFin Acquisition Corp. (XFIN) Adds Non-Redemption Agreement In connection with the special meeting of stockholders of ExcelFin Acquisition Corp. (NASDAQ:XFIN) to extend its completion deadline from April 25, 2023 to October 25, 2023, the company and its sponsor, ExcelFin SPAC LLC, entered into a non-redemption agreement with an unaffiliated third party....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Momentus SPAC backers accused of deliberately engineering a catastrophic deal Momentus SPAC Backers Accused of Hiding Disastrous Deal’s Flaws A Momentus Inc. (NASDAQ:MNTS) investor sued backers of its blank-check merger with a shell company,...
DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this morning that its shareholders approved its combination with Great Southern Homes at a special meeting March 23. Only 109,426 shares were redeemed in the connection with the vote, but DiamondHead has seen about 87% redemptions in total across all previous votes, leaving it with about $43.9...
Graf Acquisition Corp. IV (NYSE:GFOR) announced that it has signed a non-binding letter of intent to combine with clinical-stage biopharma company NKGen. This announcement is not a pure teaser as Graf IV is not facing an imminent extension vote and currently has until May 25 on its clock. It does, however, signal something of a...