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The Latest Liquidations: January 24, 2023
by Marlena Haddad on 2023-01-24 at 5:57pm

Latest SPAC Liquidations: FoxWayne Enterprises, ScION Tech Growth II


FoxWayne Enterprises Acquisition Corp. (FOXW) to Liquidate on January 27

Foxwayne Enterprise Acquisition Corp. (NASDAQ:FOXW) has determined to liquidate its trust due to its inability to complete a business combination. It will cease all operations except for the purpose of winding up, as promptly as reasonably possible but not more than ten business days thereafter, and redeem the public shares at a per-share redemption price of approximately $10.175.

As of the close of business on January 27, 2023, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.

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ScION Tech Growth II Acquisition Corp. (SCOB) to Liquidate February 13

ScION Tech Growth II (Nasdaq:SCOB) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 13, 2023, because the company will not consummate an initial business combination.

An expected redemption value has not yet been provided.

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