The Latest Non-Redemption Agreements: April 6, 2023
by Marlena Haddad on 2023-04-06 at 5:39pm

Latest Non-Redemption Agreements: Banyan, ShoulderUp Technology, and ExcelFin


Banyan Acquisition Corp. (BYN) Adds Non-Redemption Agreement

In connection with the extension meeting of Banyan Acquisition Corporation (NYSE:BYN), the company and its sponsor have entered into a non-redemption agreement with an unaffiliated third party, pursuant to which such third party has agreed not to redeem an aggregate of 559,600 shares of Class A common stock.

Pursuant to such agreement, the sponsor has agreed to transfer an aggregate of 139,900 shares of Class B common stock of the company to the third party.

READ

ShoulderUp Technology Acquisition Corp. (SUAC) Adds Non-Redemption Agreement

On April 5, 2023, ShoulderUp Technology Acquisition Corp. (NYSE:SUAC) and its sponsor entered into one or more agreements with one or more third parties in exchange for them agreeing not to redeem shares of the company’s common stock at its extension meeting.

READ

ExcelFin Acquisition Corp. (XFIN) Adds Non-Redemption Agreement

In connection with the extension meeting of ExcelFin Acquisition Corp. (NASDAQ:XFIN), the company and its sponsor have entered into additional non-redemption agreements with unaffiliated third parties, pursuant to which such third parties have agreed not to redeem an aggregate of 5,020,000 Class A common shares.

In exchange for the foregoing commitments, the sponsor has agreed to transfer an aggregate of 1,255,000 Class B common shares of the company to the third parties.

READ

 

The Latest Non-Redemption Agreements: April 6, 2023
Recent Posts
by Kristi Marvin on 2025-07-10 at 8:31am

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...

by Nicholas Alan Clayton on 2025-07-10 at 8:27am

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...

by Nicholas Alan Clayton on 2025-07-09 at 12:57pm

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....

by Nicholas Alan Clayton on 2025-07-09 at 8:22am

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...

by Nicholas Alan Clayton on 2025-07-08 at 8:11pm

Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved