Latest SPAC Liquidations: Northern Genesis III, MSD, and Tech and Energy Transition Corp.
Northern Genesis Acquisition Corp. III (NGC) to Liquidate on March 24
Northern Genesis III (NYSE:NGC) announced that it will redeem all outstanding shares effective as of the close of business on March 27. Shares will cease trading on March 24 and the per-share redemption price is expected to about $10.15
READMSD Acquisition Corp. III (MSDA) to Liquidate on March 29
MSD Acquisition Corp. (Nasdaq: MSDA) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on March 29.
The per-share redemption price for the Public Shares will be approximately $10.22.
READTech and Energy Transition Corp. (TETC) to Liquidate on March 27
Tech and Energy Transition Corp.(NASDAQ:TETC) announced this afternoon that its shareholders have shot down a proposal to extend its timeline to complete a business combination. As a result, the SPAC is being forced to liquidate as promptly as possible.
The per-share redemption price for the shares of the Class A Common Stock is expected to be approximately $10.18. TETC anticipates that its shares of the Class A Common Stock, as well as its publicly traded units and warrants, will cease trading as of the close of business on March 27, and the redemption amount will be paid on March 29.
READ
Terms Tracker for the Week Ending May 26, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As we head into the holiday weekend, it’s looking like SPACs will end the month of May with an IPO count of three. Technically, there’s...
Latest SPAC Liquidations: Social Capital Suvretta Holdings II & IV, Sculptor Acquisition Corp I, Logistics Innovation Technologies Corp., and Senior Connect I Social Capital Suvretta Holdings Corp. II (DNAB) to Liquidate on June 30 On May 26, Social Capital Suvretta Holdings Corp. II (NASDAQ:DNAB) announced that it would not complete its initial business combination by its...
Latest Non-Redemption Agreements: Southport Acquisition Corp., and Social Leverage Acquisition Corp. I Southport Acquisition Corporation (PORT) Adds Non-Redemption Agreement On May 25, 2023, Southport Acquisition Corporation (NYSE:PORT) and its sponsor, Southport Acquisition Sponsor LLC, entered into voting and non-redemption agreements with unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate...
ST Energy Transition I Ltd. (NYSE: STET) announced this afternoon that it has cancelled its meeting to vote on an extension proposal. The SPAC initially announced the pricing of its $250 million IPO in December 2021 and had 18 months on its timeline to combine with a target. If the SPAC received shareholder approval of an...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: VinFast recalls first batch of EVs in the US, Arrival seeks second chance with EV tax credits, and QualTek files for bankruptcy Vietnam’s VinFast recalls first batch of US-bound EVs over safety risk Vietnamese...