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The Latest Liquidations: January 25, 2023
by Marlena Haddad on 2023-01-25 at 6:01pm

Latest SPAC Liquidations: North Atlantic Acquisition Corporation, G Squared Ascend I


North Atlantic to Liquidate on January 26

North Atlantic Acquisition Corporation (Nasdaq: NAAC), announced today that it has canceled its annual general meeting of shareholders that was previously scheduled for 4:00 PM Eastern time on January 25, 2023, and its Board of Directors has elected to dissolve and liquidate the company.

As of the close of business on January 26, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount.

The SPAC will redeem all of the outstanding ordinary shares at an expected per-share redemption price of approximately $10.13.

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G Squared Ascend I to Liquidate February 9

G Squared Ascend I Inc. (NYSE: GSQD.U) today announced that it will redeem all of its outstanding Class A ordinary shares effective as of the close of business on February 9, 2023.

The per-share redemption price for the public shares will be approximately $10.18, excluding any permitted deductions.

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