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The Latest Liquidations: November 22, 2022
by Marlena Haddad on 2022-11-22 at 5:45pm

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC Liquidations: Orion, Austerlitz I, Austerlitz II, Fortress Value II, and Fortress Value IV


Orion Acquisition Corp. to Liquidate Trust

Orion (NASDAQ:OHPA) disclosed in an 8-K this afternoon that shareholders have approved an amendment to move up the company’s liquidation date. Orion now intends to liquidate on December 1, 2022, due to its inability to complete a business combination.

In connection with the special meeting, stockholders holding an aggregate of 36,634,446 shares exercised their right to redeem their shares for approximately $10.08 per share of the funds held in the trust.

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Austerlitz Acquisition Corp. I to Liquidate Trust

Austerlitz I (NYSE:AUS) disclosed in an 8-K this afternoon that shareholders approved a proposal to amend the company’s liquidation date from March 2, 2023 to November 22, 2022. Since AUS was unable to complete a business combination, the SPAC will now redeem all issued and outstanding shares as promptly as reasonably possible, but not more than ten business days.
AUS expects to complete the mandatory redemption on or around December 2, 2022 at a per-share redemption price of $10.00.
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Austerlitz Acquisition Corp. II to Liquidate Trust

Austerlitz II (NYSE:ASZ) disclosed in an 8-K this afternoon that shareholders approved a proposal to amend the company’s liquidation date from March 2, 2023 to November 22, 2022. Since ASZ was unable to complete a business combination, the SPAC will now redeem all issued and outstanding shares as promptly as reasonably possible, but not more than ten business days.

The company expects to complete the mandatory redemption on or around December 2, 2022 at a per-share redemption price of $10.00.
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Fortress Value Acquisition Corp. III to Liquidate Trust

Fortress Value III (NYSE:FVT) disclosed in an 8-K this afternoon that shareholders approved a proposal to amend the company’s liquidation date from January 7, 2023 to November 22, 2022.

The company expects to complete the mandatory redemption on or around November 30, 2022 at a per-share redemption price of approximately $10.07.

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Fortress Value Acquisition Corp. IV to Liquidate Trust

Fortress Value II (NYSE:FVIV) disclosed in an 8-K this afternoon that shareholders approved a proposal to amend the company’s liquidation date from March 18, 2023 to the later of November 22, 2022.

The company expects to complete the mandatory redemption on or around November 30, 2022 at a per-share redemption price of approximately $10.07.

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