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.
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Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...
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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...
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....