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
Terms Tracker for the Week Ending February 3, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The month of February started with an IPO, thanks to the pricing of Cetus Capital Acquisition Corp (Nasdaq: CETU) which began trading on February 1....
Forest Road II (NYSE:FRXB) and 10X Capital Venture III (NYSE:VCXB) both announced this afternoon that they have mutually terminated their business combinations. Forest Road II intended to combine with transportation technology developer HyperloopTT, but the parties decided to nix the deal due to timing constraints along with unfavorable market conditions. Tom Staggs and Kevin Mayer, Co-CEOs and...
Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) and AMCI Acquisition Corp. II (Nasdaq: AMCI) announced this afternoon that they have adjourned their special meetings with shareholders. Intelligent Medicine originally scheduled its meeting to be held today, but is now postponing its vote until Wednesday, February 8. Stockholders may elect to redeem their shares by no later than...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Comcast dumps 18.5% of its BuzzFeed stock Comcast Dumps 6 Million Shares of Buzzfeed After Media Company Finally Gets a Bump Comcast dumped 18.5% of its BuzzFeed (NASDAQ:BZFD) stock in recent days, reducing its...
Viveon Health (NYSE:VHAQ) announced this morning that it is unilaterally terminating its combination with Suneva Medical “based upon material breaches” of the merger agreement. The SPAC did not elaborate further on its claims against Suneva, but noted it will continue on and seek a new business combination. Just last week, Viveon Health was working to...