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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At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...