Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Sandbridge X2 Corp., PWP Forward Acquisition Corp. I, Crucible Acquisition Corp., and Tishman Speyer Innovation Corp. II
Sandbridge X2 Corp. to Liquidate Trust
Sandbridge X2 Corp. (NYSE:SBII) disclosed in an 8-K this afternoon that shareholders have approved an amendment to allow the company to redeem all of its outstanding Class A common stock on or prior to December 15, 2022.
In connection with the meeting, holders of 21,611,237 outstanding shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.09 per share, for an aggregate redemption amount of approximately $218,136,001.27. Following such redemptions, 2,206,464 shares remain outstanding and the company expects to redeem those shares at $10.09 as well.
READPWP Forward Acquisition Corp. I to Liquidate Trust
Crucible Acquisition Corp. to Liquidate Trust
Crucible Acquisition Corporation (NYSE:CRU) disclosed in an 8-K this afternoon that it held a special meeting of its stockholders at which the company’s stockholders approved amendments to dissolve and liquidate its trust.
The SPAC’s completion deadline was moved from January 7, 2023 to November 30, 2022. Holders of 24,243,057 shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.09 per share, for an aggregate redemption amount of $244,554,766.56.
Following the redemptions, 1,631,943 shares remain outstanding will be redeemed for cash at a redemption price of approximately $10.03 per share, for an aggregate redemption amount of $16,362,422.20.
READTishman Speyer Innovation Corp. II to Liquidate Trust
At the special meeting of the stockholders of Tishman Speyer Innovation Corp. II (NASDAQ:TSIB) held this afternoon, stockholders of the company approved an amendment to change the termination date from February 17, 2023 to November 30, 2022.
The company now expects to complete the mandatory redemption on or around December 2, 2022, at a per-share redemption price of approximately $10.00.
READ
Exciting new things are coming for SPACInsider subscribers, and some have already arrived! This summer, SPACInsider is unveiling the SPACInsider Alerts App on iOS with an Android launch soon to follow. The app allows subscribers to stay ahead of the SPAC market with real-time, customizable filing alerts with instant notifications landing the moment that a...
At the SPAC of Dawn Futures are largely green with the CPI reading coming up, and several SPACs and de-SPACs have cause to feel bullish regardless of what the reading states. Pharma and beauty company Longevity Health (NASDAQ:XAGE) announced it will acquire plasma collection firm True Health ahead of market open in news that has...
Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPEGU”, Tuesday, July 15, 2025. The new SPAC plans to search within the technology sector, with a focus on semiconductors and systems solutions. Silver Pegasus Acquisition Corp.’s management...
Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...
Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...