The Latest Liquidations: May 26, 2023
by Marlena Haddad on 2023-05-26 at 5:41pm

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.

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 Social 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.

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Sculptor Acquisition Corp I (SCUA) to Liquidate on June 9

On May 26, 2023, Sculptor Acquisition Corp I (NYSE:SCUA) will redeem all of its outstanding Class A ordinary shares, effective as of June 9.
As of the close of business on June 8, the Company will stop trading its shares, and each share held at that time will represent the right to receive the redemption amount of approximately $10.52.
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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.

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Senior 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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