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.
READShoulderUp 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.
READExcelFin 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.
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Blue Ocean (NASDAQ:OTEC) announced this morning that it is pushing its extension vote scheduled for 11 am ET today to 2 pm ET, June 6. Shareholders at the special meeting are to vote on a proposal to allow Blue Ocean to automatically extend its transaction deadline up to 12 times in one-month increments from June...
Latest SPAC Liquidations: JAWS Hurricane JAWS Hurricane Acquisition Corporation (HCNE) to Liquidate on June 16 JAWS Hurricane Acquisition Corporation (Nasdaq: HCNE) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. As such, the Board has determined to cancel the special meeting of its stockholders,...
Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced this afternoon that it has completed its combination with Chinese carmaker Chijet. The deal was already approved by shareholders at a special meeting held on May 2, but at that time, the SPAC did not provide a timeline for the closing of the transaction. Although redemption numbers have still not...
The advent of summer is bringing nine lock-up expirations for de-SPAC’d companies and 10 on the sponsor side. The first change is to come for the sponsor of European Biotech Acquisition Corp., which closed its combination with Swiss pharma firm Oculis SA (NASDAQ:OCS) just three months ago. The sponsor is getting flexibility at a good...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Lucid to raise $3B in a common stock offering from Saudi owners, Betsy Cohen says SPACs will make a comeback, and SatixFy makes another leadership change Lucid Raising $3 Billion With More Money From...