Latest SPAC Liquidations: Velocity, Hennessy Capital V, Glass Houses, Figure I
Velocity Acquisition Corp. (VELO) to Liquidate on December 20
Velocity Acquisition Corp. (NASDAQ:VELO) will not consummate an initial business combination and intends to dissolve and liquidate effective as of the close of business on December 20, 2022. It will redeem all of the outstanding Class A shares at an anticipated per-share redemption price of approximately $10.00.
As of the close of business on December 20, 2022, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount.
READHennessy Capital V (HCIC) to Liquidate on December 21
Hennessy Capital Investment Corp. V (NASDAQ:HCIC) has canceled its special meeting of stockholders that was previously scheduled for 3:00 PM Eastern time on December 21, 2022, and that, due to its inability to complete an initial business combination the Company intends to dissolve and liquidate, effective as of the close of business on December 21, 2022.
It will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering at a per-share redemption price of approximately $10.06
READGlass Houses (GLHA) to Liquidate on December 22
Glass Houses Acquisition Corp. (NASDAQ:GLHA) announced in an 8-K that its shareholders had voted to liquidate the SPAC early with the redemption limits on individual holders eliminated.
As such, today was the last day of trading of the company’s public shares and units on Nasdaq. The Company is obligated to redeem all public shares as promptly as possible but not more than 10 business days after the early termination date. The Company expects to complete the redemption on or about December 22, 2022 with an estimated $10.10 per share in its trust.
READFigure Acquisition Corp. I (FACA) to Liquidate on December 30
Figure Acquisition Corp. I (NYSE:FACA) today announced that its stockholders approved an amendment to its certificate of incorporation to permit the Company to wind up early. The Company has made this election and, as a result, it will redeem all of its outstanding shares and its warrants will expire worthless.
All other Class A stockholders will receive payment of the redemption price, net of taxes and dissolution expenses, on December 30, 2022. The per share redemption price is expected to be approximately $10.05.
READ
At the SPAC of Dawn The SPAC market has been feeling considerable wind under its sails since the cycle reset last summer, but that does not mean it is smooth sailing for all portions of the process. All three SPACs that held votes yesterday wound up adjourning or postponing them, suggesting that getting through a...
Columbus Circle I (NASDAQ:CCCM) has entered into a definitive agreement to combine with ProCap Financial as part of a raise of about $1 billion in capital for the target company. ProCap aims to build a Bitcoin treasury that will eventually provide the backing for a financial institution providing investment banking services. The combined company is...
At the SPAC of Dawn SPACs have a busy week of votes ahead of them with six special meetings to approve extensions and three to complete business combinations. JVSPAC (NASDAQ:JVSA) is set to kick off the run of deal votes tomorrow as it seeks approval to tie things up with Southeast Asian hospitality chain Hotel101....
Terms Tracker for the Week Ending June 20, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Two more SPACs priced IPOs this week, one each from Cohen and Cantor. That brings June’s IPO count to five and the 2025 year-to-date tally...
CSLM Digital Asset (NASDAQ:KOYNU) has filed for a $200 million IPO to hunt for a crypto transaction with a team that includes veterans from a variety of other SPAC efforts. The new SPAC sports 1/2 warrants in units and will have 24 months to initially close a business combination. It becomes the 16th SPAC that...