Pivotal Investment Corp. III (PICC) Postpones Extension Vote
by Marlena Haddad on 2023-08-02 at 5:41pm

Pivotal Investment Corp. III (OTC: PICC) announced this afternoon that it has postponed its extension vote.

The meeting, originally scheduled for today, has been adjourned to August 11 at 11:00 a.m. to allow additional time for the SPAC to engage with its stockholders and effectuate redemption reversals.

As of now, Pivotal Investment Corp. III faces a completion deadline of August 11, but is hoping to gain shareholder approval to extend its timeline until February 11.

The SPAC initially raised $276 million in gross proceeds from its IPO in February 2021, but saw 92.67% of its trust redeemed during a previous vote, leaving it with approximately $20.42 million. It is still searching for a target to combine with, but intends to focus on finding a digital technology target in North America. The company is led by Jonathan Ledecky, Chairman of the Board, and Kevin Griffin, CEO and President.

Recent Posts
by Nicholas Alan Clayton on 2023-09-25 at 11:33am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Conduit’s $1.2bn Nasdaq listing deals another blow to London A British biopharmaceuticals business has completed a deal to list on Nasdaq, delivering a further blow to the London Stock Exchange which has struggled to persuade fast-growing companies...

by Nicholas Alan Clayton on 2023-09-25 at 7:07am

Mercato Partners (NASDAQ:MPRA) announced in an 8-K this morning that it has added an $11.1 million PIPE at $10 per share to its combination with Brazilian software firm Nuvini. The PIPE investors remain unnamed for now, but this move would cover the combination’s $10 million minimum cash condition. That eliminates some uncertainty as Mercato approaches...

by Kristi Marvin on 2023-09-23 at 11:45am

Terms Tracker for the Week Ending September 22, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs finally saw two new S-1 filings this week, the first to file since August 24th.  Hainan Sirius Acquisition Corp. filed first on Thursday and...

by Kristi Marvin on 2023-09-22 at 5:34pm

Latest SPAC Liquidations: LF Capital Acquisition Corp. II LF Capital Acquisition Corp. II (LFAC) to Liquidate on October 3, 2023 LF Capital Acquisition Corp. II (Nasdaq: LFAC), today announced that the directors of the Company have determined to dissolve and liquidate the Company. The redemption of the Public Shares is expected to be completed on...

by Kristi Marvin on 2023-09-22 at 5:32pm

Latest Non-Redemption Agreements: Yotta Acquisition Corp.,Live Oak Crestview Climate Acquisition Corp. Yotta Acquisition Corp. (YOTA) Adds Non-Redemption Agreements Yotta Acquisition Corp. (NASDAQ:YOTA) entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 598,680 shares of the Company’s common stock. In exchange for the foregoing...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved