This afternoon, Pure Acquisition Corp. (PACQ), released the results of today’s shareholder vote to approve their new extension deadline from February 21st, 2020 to May 21, 2020, and as expected, the extension was approved.
RESULTS
Per the 8-K, only 2,189,801 of the Company’s Class A Common Stocked elected to redeem, out of approximately 37,806,000 public shares. That means the new public shareholder count should be 35,616,199. However the redemption value was unfortunately not provided, but the remaining trust value should be somewhere near ~$370 million. Hopefully the estimated per share redemption price will be provided shortly in an additional filing.
In the meantime, Pure’s tender offer to purchase 3,158,195 Public Warrants at $1.00 is still ongoing and will not close until 11:59 p.m., Eastern Time, on March 31, 2020.
You can review the results of the vote HERE, but a summary has also been provided below.
| FOR | AGAINST | ABSTENTIONS | BROKER NON-VOTES |
| 39,459,897 | 500,200 | 0 | 0 |
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....
1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...