Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Orion, Austerlitz I, Austerlitz II, Fortress Value II, and Fortress Value IV
Orion Acquisition Corp. to Liquidate Trust
Orion (NASDAQ:OHPA) disclosed in an 8-K this afternoon that shareholders have approved an amendment to move up the company’s liquidation date. Orion now intends to liquidate on December 1, 2022, due to its inability to complete a business combination.
In connection with the special meeting, stockholders holding an aggregate of 36,634,446 shares exercised their right to redeem their shares for approximately $10.08 per share of the funds held in the trust.
READAusterlitz Acquisition Corp. I to Liquidate Trust
Austerlitz Acquisition Corp. II to Liquidate Trust
Austerlitz II (NYSE:ASZ) disclosed in an 8-K this afternoon that shareholders approved a proposal to amend the company’s liquidation date from March 2, 2023 to November 22, 2022. Since ASZ was unable to complete a business combination, the SPAC will now redeem all issued and outstanding shares as promptly as reasonably possible, but not more than ten business days.
Fortress Value Acquisition Corp. III to Liquidate Trust
Fortress Value III (NYSE:FVT) disclosed in an 8-K this afternoon that shareholders approved a proposal to amend the company’s liquidation date from January 7, 2023 to November 22, 2022.
The company expects to complete the mandatory redemption on or around November 30, 2022 at a per-share redemption price of approximately $10.07.
READFortress Value Acquisition Corp. IV to Liquidate Trust
Fortress Value II (NYSE:FVIV) disclosed in an 8-K this afternoon that shareholders approved a proposal to amend the company’s liquidation date from March 18, 2023 to the later of November 22, 2022.
The company expects to complete the mandatory redemption on or around November 30, 2022 at a per-share redemption price of approximately $10.07.
READ
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
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....