SPACInsider Logo
The Latest Liquidations: March 9, 2023
by Marlena Haddad on 2023-03-09 at 5:43pm

Latest SPAC Liquidations: Pine Technology, and Colonnade Acquisition Corp. II

Pine Technology Acquisition Corp. (PTOC) to Liquidate on March 10

On March 9, 2023, the board of directors of Pine Technology Acquisition Corp. (NASDAQ:PTOC) determined that it will not be able to complete a business combination.

Accordingly, the company will dissolve and liquidate, effective as of the close of business on March 10, 2023, and will redeem all of the outstanding shares at a per-share redemption price of approximately $10.17.

As of the close of business on March 10, 2023, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.


Colonnade Acquisition Corp. II (CLAA) Terminates Plastiq Deal, Plans to Liquidate on March 13

Colonnade Acquisition Corp. II (NYSE: CLAA) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of March 13, 2023.

Prior to any taxes that may be payable and dissolution expenses, the Redemption Amount is estimated to be approximately $10.21.



Recent Posts
by Marlena Haddad on 2023-03-28 at 6:05pm

Trailblazer Merger Corporation I priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBMCU” Wednesday, March 29, 2023. The SPAC intends to focus its search on companies operating in the technology industry in the following segments: cloud as a service, supply chain technologies, servicing the hybrid workforce...

by Marlena Haddad on 2023-03-28 at 4:46pm

Alpine (NYSE:REVE) announced this afternoon that it has again adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus. The SPAC originally intended to hold its special meeting on February 24, but has adjourned it four times since then. Alpine now expects to reconvene the meeting on March 30 at 12:00 p.m....

by Marlena Haddad on 2023-03-28 at 12:07pm

Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned its extension vote today and will reconvene the special meeting at 10:30 am ET on March 30. At the upcoming meeting, the SPAC hopes to gain shareholder approval to extend its completion deadline from April 4, 2023, to October 4, 2023. Home Plate announced a $214 million business combination with...

by Marlena Haddad on 2023-03-28 at 11:52am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News:  Ares considers raising $400M for new SPAC and electric air mobility division of AIRO and Kernel Group sign MOU with Blade India  Ares Considers New $400 Million SPAC Despite Market Lull Ares Management Corp....

by Marlena Haddad on 2023-03-28 at 10:32am

DiamondHead Holding Corps. (NASDAQ:DHHC) announced in an 8-K this morning that it has entered into subscription agreements with lock-up investors and PIPE investors in connection to its business combination with Great Southern Homes. Although the deal was approved by shareholders during a meeting last Thursday, the parties are still working to raise funds to meet...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved