Latest SPAC Liquidations: ST Energy Transition I, MELI Kaszek Pioneer Corp.
ST Energy Transition I Ltd. (STET) to Liquidate on June 7
ST Energy Transition I Ltd. (NYSE:STET) announced today that the Board of Directors has elected to dissolve and liquidate the company.
Net of taxes and dissolution expenses, the per-share redemption price for the Public Shares is expected to be approximately $10.48 based upon the amount held in the trust account as of May 31, 2023, which was $301,477,161.
The Company anticipates that the Public Shares, as well as the Company’s publicly traded units, will cease trading as of the close of business on June 7, 2023.
READMELI Kaszek Pioneer Corp (MEKA) to Liquidate
MELI Kaszek Pioneer Corp (NASDAQ: MEKA) announced today that the directors of the company have determined to dissolve and liquidate the company due to, “the current condition of capital markets, and the timeframe offered by the SPAC product.”
At the close of business on the business day prior to the redemption date of June 16, the company will stop trading its shares, and each share held at that time will represent the right to receive the redemption amount of approximately $10.32.
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Latest SPAC Liquidations: Schultze Special Purpose Acquisition Corp. II Schultze Special Purpose Acquisition Corp. II (SAMA) to Liquidate on October 11, 2023 Schultze Special Purpose Acquisition Corp. II (Nasdaq: SAMA), announced that it will redeem all of the outstanding shares of its Class A common stock effective as of October 11, 2023. The Company expects...
Mercato Partners Acquisition Corporation (NASDAQ:MPRA) announced this afternoon via 8-K that its shareholders have approved its combination with Nuvini at a special meeting held earlier today. With 79.74% of the voting power of the Common Stock participating in the vote, the combination was overwhelmingly approved. 7,975,698 shares were recorded voting for the transaction, while only 38,008...
Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned this morning’s extension vote without conducting any business and it will pick things up again at 11 am ET October 2. Shareholders at the meeting are to consider giving Home Plate an extra two and half months to complete a deal, moving its deadline from October...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Law firm Schulte sues SPAC over fees from failed Philippine casino merger U.S. law firm Schulte Roth & Zabel is suing its former client 26 Capital Acquisition Corp to recover more than $1.9 million in legal fees...
Fortune Rise Acquisition Corp. (NASDAQ:FRLA) announced this morning that it has changed the target of its letter of intent to combine, but only partially. The SPAC had an existing LOI to merge with its own sponsor, but since that sponsor is now a subsidiary of another company it has to combine with a different version...