Latest SPAC Liquidations: Social Capital Suvretta Holdings II & IV, Sculptor Acquisition Corp I, Logistics Innovation Technologies Corp., and Senior Connect I
Social Capital Suvretta Holdings Corp. II (DNAB) to Liquidate on June 30
On May 26, Social Capital Suvretta Holdings Corp. II (NASDAQ:DNAB) announced that it would not complete its initial business combination by its deadline of July 2 and will as promptly as possible redeem 100% of its issued and outstanding Class A ordinary shares.
The Company estimates that the per-share Redemption Amount will be approximately $10.25 and the shares will cease trading as of the close of business on June 30, 2023.
READSocial Capital Suvretta Holdings Corp. IV (DNAD) to Liquidate on June 30
On May 26, Social Capital Suvretta Holdings Corp. IV (NASDAQ:DNAD) announced that it would not complete its initial business combination by its deadline on July 2 and will as promptly as possible redeem 100% of its issued and outstanding Class A ordinary shares.
The company estimates that the per-share Redemption Amount will be approximately $10.25 and the shares will cease trading as of the close of business on June 30, 2023.
READSculptor Acquisition Corp I (SCUA) to Liquidate on June 9
Logistics Innovation Technologies Corp. (LITT) to Liquidate on June 15
Logistics Innovation Technologies Corp. (NASDAQ: LITT) has determined to redeem all of its outstanding shares of Class A common stock, effective as of the close of business on June 15.
The Company anticipates that the last day of trading in the Company’s Public Shares will be June 15.
READSenior Connect Acquisition Corp. I (SNRH) to Liquidate on June 9
On May 26, 2023, Senior Connect Acquisition Corp. I (NASDAQ:SNRH) issued a press release announcing that its board of directors have unanimously voted to accelerate the completion deadline to June 8. As a result, the company intends to dissolve and liquidate, effective as of the close of business on June 9, and will redeem all of the outstanding shares of Class A common stock at an estimated per-share redemption price of approximately $10.03.
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Terms Tracker for the Week Ending May 2, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. April wrapped with some real momentum. Over the course of the month, 19 SPACs filed new S-1s, while 12 IPOs priced. Furthermore, nine deal announcements...
ProCap Acquisition Corp. (NASDAQ:PCAPU) has filed for a $200 million SPAC to hunt for a fintech or financial services target. The new S-1 filing was BTIG’s second of the week after a two-month break, bringing its 2025 new SPAC filings to five and the bank has so far managed to IPO five SPACs as well....
MSM Frontier Capital Acquisition Corp. (NASDAQ:MSMUU) has filed for a $225 million SPAC to search for a infrastructure target in Africa. The new SPAC will head out on this expedition with a trust that is not overfunded and units that each contain one right to a 1/8 share. It will also have 24 months to...
At the SPAC of Dawn This action-packed week in SPACs comes to an end with three more SPACs launching their IPOs, bringing it to nine on the week. And, the crypto strategy that SPACInsider noticed becoming increasingly popular among de-SPACs earlier this year has continued to gain steam. This week, edtech firm Classover (NASDAQ:KIDZ), fresh...
Cartesian Growth Corporation III (NASDAQ:CGCT) announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CGCT”, Friday, May 2, 2025. The new SPAC intends to combine with a closely held private company ready to make the jump to being a market-leading transnational...