Latest Non-Redemption Agreements: Live Oak Crestview Climate Acquisition Corp.
Live Oak Crestview Climate Acquisition Corp. (LOCC) Adds Non-Redemption Agreement
Live Oak Crestview Acquisition Corp. (NASDAQ:LOCC) came to a non-redemption agreement with an investor that will cover the lesser of 231,023 or 9.9% of its total outstanding Class A shares.
These shares will not be redeemed at the SPAC’s upcoming vote to extend its transaction deadline from September 27 to January 12, 2024. In return, the investor will also receive 21,000 newly issued Live Oak Crestview shares and the SPAC’s sponsor has agreed to forfeit an equal number of promote shares.
READ
Graf Acquisition Corp. IV (NYSE:GFOR) announced that it adjourned Wednesday’s completion vote for its combination with NKGen Biotech without conducting any business and will reopen proceedings at 4:00 p.m., Eastern time, on September 25, 2023 Once again, the adjournment is being done to provide additional time to continue its efforts to obtain additional financing. This new...
GigCapital5 (NYSE:GIA) announced in an 8-K that it will drop its lawsuit against its merger target QT Imaging and the two sides will continue working toward close under a slightly amended business combination agreement. Things got messy earlier this month as GigCapital5 filed its suit in Delaware court a day before the two sides’ outside...
Twin Ridge (NYSE:TRCA) announced this morning that it has added a $110 million structured equity facility to its combination with automotive wheel manufacturer Carbon Revolution (ASX:CBR) among other deal tweaks. Orion Infrastructure Capital (OIC) has agreed to provide the funds in tranches in exchange for Class A shares and a single warrant that would entitle...
Latest SPAC Liquidations: 26 Capital Acquisition Corp. 26 Capital Acquisition Corp.(ADER) to Liquidate on September 21, 2023 26 Capital Acquisition Corp. (Nasdaq: ADER), today announced that it will be unable to complete an initial business combination within the time period required due to the Delaware Court of Chancery’s decision denying 26 Capital’s request for an order...
LatAmGrowth SPAC (NASDAQ:LATG) announced in an 8-K that it adjourned its special meeting yesterday to liquidate early and will reconvene it at 2 pm ET September 28. The proposals on its ballot would have initiated the process of winding down the SPAC and returning all trust capital to investors outside of $100,000 for dissolution expenses....