SPACInsider Logo
The Latest Liquidations: November 22, 2022
by Marlena Haddad on 2022-11-22 at 5:45pm

 


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.

READ

Austerlitz Acquisition Corp. I to Liquidate Trust

Austerlitz I (NYSE:AUS) 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 AUS 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.
AUS expects to complete the mandatory redemption on or around December 2, 2022 at a per-share redemption price of $10.00.
READ

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.

The company expects to complete the mandatory redemption on or around December 2, 2022 at a per-share redemption price of $10.00.
READ

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.

READ

Fortress 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

Recent Posts
by Nicholas Alan Clayton on 2023-01-30 at 2:04pm

Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA) announced in an 8-K that it has inked new non-redemption agreements after postponing its initial extension vote. The SPAC has agreed to allocate up to 37,500 promote shares (1.1%) to investors holding in exchange for them agreeing not to redeem an aggregate of 150,000 shares at the vote now...

by Marlena Haddad on 2023-01-30 at 1:22pm

Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote. The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31. Armada has also extended the deadline for holders to submit their public...

by Nicholas Alan Clayton on 2023-01-30 at 12:07am

Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade...

by Marlena Haddad on 2023-01-30 at 11:42am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Hambro Perks eyes merger with Biotech Istesso, Rocket Lab launches first vehicle from U.S. soil, and Alliance Entertainment signs licensing agreement with The Walt Disney Company Hambro Perks SPAC Eyes Merger With Biotech...

by Marlena Haddad on 2023-01-30 at 10:15am

Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27. Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction. The filing did not...

Privacy Policy|Terms Of Use
Copyright © 2022 SPACInsider, Inc. All Rights Reserved