Latest SPAC Liquidations: Peridot II, Agile Growth, Far Peak and FinTech Evolution Group
Peridot Acquisition Corp. II (PDOT) to Liquidate March 13
Peridot Acquisition Corp. II (NYSE: PDOT) today announced that it will redeem all of its outstanding Class A ordinary shares effective as of the close of business on March 13, 2023.
The per-share redemption price for the public shares will be approximately $10.19. The balance of the Trust Account as of February 21, 2023 was approximately $416,222,593, which includes approximately $3,483,133 in interest and dividend income.READ
Agile Growth to Liquidate (AGGR) to Liquidate March 13
Agile Growth Corp. (Nasdaq: AGGR) today announced that as of the close of business on March 13, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive from the Company’s trust account the per-share redemption price for the shares to be announced at a later date.READ
Far Peak (FPAC) to Liquidate on March 13
Far Peak Acquisition Corp. (NYSE: FPAC) today announced that it will redeem all of its outstanding Class A ordinary shares, as of March 13, 2023.
Net of dissolution expenses, the per-share redemption price for the Class A Shares is expected to be approximately $10.21.READ
FinTech Evolution (FTEV) to Liquidate on March 13
FinTech Evolution Acquisition Group (NYSE: FTEV), announced today the Board of Directors has elected to dissolve and liquidate the company, and will redeem all of the outstanding Class A ordinary shares at a per-share redemption price currently estimated to be approximately $10.18.
As of the close of business on March 13, 2023, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.READ
Terms Tracker for the Week Ending March 31, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Filings continue to remain quiet, but SPACs did manage to price two more IPOs this week with TMT Acquisition Corp (Nasdaq: TMTCU) and Trailblazer Merger...
Hudson Acquisition I Corp. (NASDAQ:HUDA) announced that it has signed a non-binding letter of intent (LOI) to combine with a pre-clinical-stage biotechnology company. The SPAC did not provide many details on the unnamed target, but disclosed that the biotech company is focused on developing intranasal preventives for major disease-causing respiratory viruses. As a condition to the target...
Heading into April, SPACs are to see eight sponsors and 11 de-SPAC’d companies freed from lock-ups and ready to trade. Most of these lock-up expirations are loaded into the final week of the month, but those hitting this milestone already next week include some of the more interesting transactions of the crop. In particular, MoonLake...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Shares of Digital World jump after Trump’s indictment, and pair of Delaware Chancery court decisions deny motions to dismiss SPAC shareholder’s fiduciary breach claims Trump-Tied SPAC’s Shares Jump After Historic New York Charge The...
Ares Acquisition Corporation II (NYSE:AACT) filed its S-1 yesterday afternoon for a $400 million IPO, marking the second SPAC to file for an IPO in March and the largest since December 20, 2021, when Gores Holdings X Inc. filed for a $725 million SPAC. Ares II intends to focus its search on an established target...