Latest SPAC Liquidations: Parabellum Acquisition Corp. and Orion Biotech Opportunities Corp.
Parabellum Acquisition Corp. (PRBM) to Liquidate
Parabellum Acquisition Corp. (OTC:PRBM) announced today that the business combination with EnOcean GmbH, EnOcean Holdings B.V., and Artemis Merger Sub, has been terminated and that it is ceasing the business combination efforts.
Because Parabellum doesn’t believe that it will be able to consummate a business combination within the remaining time available, it will now commence the process of dissolving and liquidating its assets.
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Orion Biotech Opportunities Corp. (ORIA) to Liquidate on May 17
On April 24, Orion Biotech Opportunities Corp. (NASDAQ:ORIA) issued a press release announcing that as of the close of business on May 17, 2023, the 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 account.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: SMX to create new subsidiary, trueSilver, and enters into exclusive agreement with Sunshine Minting SMX Extending Metals Business with trueSilver Aiming Both for Fashion Luxury and Bullion Products SMX (NASDAQ:SMX) is pleased to announce...
Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions. In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust. This is the second best result among the 32 deals that have come...
Trajectory Alpha (NYSE:TCOA) announced in an 8-K this morning that it has opted to postpone its June 8 extension vote to June 12 at 10 am ET. The SPAC will use this extra time to engage with shareholders at work to reverse redemption decisions. Trajectory Alpha’s team may still be getting acquainted with some major...
Tracking SPACs and all of their various types of “corporate actions” can be challenging. After all, a SPAC can postpone, adjourn, extend, complete, liquidate early, do a tender offer, and in some cases, one SPAC do all of those actions within its lifespan. Naturally, this can be challenging to manage. More importantly, it can very...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Byju skips payment on dollar loan and HNR affirms intent to purchase equity interests of Pogo Resources High-Flying Indian Startup Byju’s Skips Payment on Dollar Loan One of India’s best-known startups has skipped payment...