Latest SPAC Liquidations: Arbor Rapha Capital Bioholdings Corp. I, SVF Investment Corp. 2, and Emerging Markets Horizon Corp.
Arbor Rapha Capital Bioholdings Corp. I (ARCK) Announces Intent to Liquidate on March 7
On March 3, 2023, Arbor Rapha Capital Bioholdings Corp. I (NASDAQ:ARCK) held a special meeting where stockholders approved a proposal to change the liquidation date from August 2, 2023 to March 7, 2023.
In connection therewith, the company gave formal notice to Nasdaq on March 3, 2023 of its intention to dissolve and liquidate and requested that Nasdaq file a Form 25 with the SEC to delist its securities.
Stockholders elected to redeem an aggregate of 4,233 shares of Class A Common Stock, representing approximately 6.9% of the issued and outstanding Class A Common Stock.
READSVF Investment Corp. 2 (SVFB) to Liquidate on March 9
SVF Investment Corp. 2 (Nasdaq: SVFB) today announced that as of the close of business on March 9, 2023, the company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive their pro-rata share in the trust.
The per-share redemption price for the shares will be approximately $10.21.
READEmerging Markets Horizon Corp. (HORI) to Liquidate on March 13
Emerging Markets Horizon Corp. (NASDAQ:HORI) announced today that it intends to dissolve and liquidate and will redeem all of the outstanding Class A ordinary shares that were included in the units issued in its IPO, at a per-share redemption price of approximately $10.41.
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. The company anticipates that the shares, as well as the Company’s publicly traded units and warrants, will cease trading as of the close of business on March 10, 2023.
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Aimfinity Investment Corp. I (NASDAQ:AIMA) announced this afternoon that its sponsor entered into a repurchase agreement with previous directors and officers of the company and will undergo a change in management. On March 16, Aimfinity’s sponsor initiated a distribution of 300,000 founder shares and 492,000 private placement units to its existing members and entered into a repurchase...
AI Transportation Acquisition Corp. (NASDAQ:AITR) filed its S-1 last Wednesday afternoon for a $50 million IPO, marking the first SPAC to file for an IPO in March. While the new company may pursue a target in any industry, it intends to focus its search in the transportation field, including but not limited to logistics, new energy...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Virgin Orbit plans for insolvency amid rescue talks with investors, WeWork reaches deal to cut debt, and Pear Therapeutics explores “strategic alternatives” Virgin Orbit plans for insolvency amid rescue talks with investors Sky News...
Home Plate (NASDAQ:HPLT) has entered into a definitive agreement to combine with shipping company Heidmar at an anticipated enterprise value of $214.4 million, or 7.2x its 2023E EBITDA. Athens-based Heidmar operates an asset-light shipbroking network providing access to a pool of 60 fuel tanker and dry bulk ships. The combined company is expected to trade...
two (NYSE:PIAI) announced in an 8-K this morning that it has pushed back its special meeting one week from March 24 to 10 am ET, March 31. Shareholders at the meeting will consider a proposal to extend its transaction deadline from April 1 to January 1, 2024. The SPAC’s sponsor has not yet offered to...