Home Plate Acquisition Corp. (HPLT) Adjourns Extension to October 2nd
by Nicholas Alan Clayton on 2023-09-28 at 11:45am

Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned this morning’s extension vote without conducting any business and it will pick things up again at 11 am ET October 2.

Shareholders at the meeting are to consider giving Home Plate an extra two and half months to complete a deal, moving its deadline from October 4 to December 22. The SPAC’s sponsor has offered to deposit the lesser of $150,000 or $0.09 per share in connection with the extension.

Home Plate announced a $214 million business combination with shipping company Heidmar in March. Athens-based Heidmar operates an asset-light shipbroking network providing access to a pool of 60 fuel tanker and dry bulk ships.

Under the current terms of the deal, the SPAC must provide at least $40 million in cash at close and it goes into the vote with about $23 million remaining in its trust. But, it also noted at announcement that it aimed to raise up to $55 million in additional outside funding for the deal.

Recent Posts
by Kristi Marvin on 2024-06-18 at 2:43pm

When SPACs get frothy, it gets difficult to keep up. However, since Cantor filed two nearly identical SPAC structures on Monday, we’re going to combine them in the interest of time. Both HCM II Acquisition Corp. (NASDAQ: HONDU) and SIM Acquisition Corp I (NASDAQ: SIMAU) filed for $200 million SPAC IPO offerings on Monday, both...

by Kristi Marvin on 2024-06-18 at 11:48am

The mini-SPAC boom grinds on with three more S-1 registration statements filed last night, but only Tavia included something novel in its filing. Tavia Acquisition Corp. filed as a $175 million offering with EarlyBird as its underwriter, after previously filing a Draft Registration Statement in mid-May. That means this deal is slightly closer to pricing...

by Kristi Marvin on 2024-06-18 at 10:13am

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) has entered into a definitive business combination agreement agreement to acquire Namib Minerals, an African gold producer, developer, and explorer, for an implied pro forma enterprise value of $609 million. Namib’s current producing asset, the How mine, is an established, high-grade, underground gold mine located near Bulawayo, Zimbabwe. Transaction...

by Nicholas Alan Clayton on 2024-06-18 at 8:05am

At the SPAC of Dawn While more SPACs are coming to the public market, at least one more de-SPAC is set to come off of them as a Dutch charging network Allego (NYSE:ALLG) has been informed that its majority shareholder, French investment firm Meridiam, is extending an offer to buy up all of its listed...

by Nicholas Alan Clayton on 2024-06-18 at 7:27am

Flag Ship announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FSHPU”, Tuesday, June 18, 2024. The new SPAC aims to combine with a company valued between $200 million and $400 million with strong growth potential and that could stand to benefit...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved