Latest SPAC Liquidations: Spindletop Health, Astrea, Omega Alpha SPAC, and SportsTek
Spindletop Health Acquisition Corp. (SHCA) to Liquidate on December 20
Spindletop Health Acquisition Corp. (NASDAQ:SHCA) announced that in accordance with the announced December 20, 2022 termination date set by its Board of Directors, the company expects to redeem all outstanding public shares by December 27, 2022, following which it will be dissolved, liquidated and wound up.
The Company estimates that the total Redemption Amount will be approximately $901,300.00, and the per-share Redemption Amount will be approximately $10.00.READ
Astrea Acquisition Corp. (ASAX) to Liquidate on December 23
Astrea (NASDAQ:ASAX) shareholders approved an amendment to change its termination date February 8, 2023 to December 23, 2022.
In connection with the vote, a total of 17,076,230 shares of common stock were submitted for redemption.READ
Omega Alpha Acquisition Corp. (OMEG) to Liquidate on December 28
The Board of Omega Alpha SPAC (NASDAQ:OMEG) has determined that the company will not be able to complete a business combination and intends to liquidate early, effective as of the close of business on December 28, 2022.
The per-share redemption price for the public shares will be approximately $10.11.READ
SportsTek Acquisition Corp. (SPTK) Terminates LOI and Intends to Liquidate on December 27
SportsTek Acquisition Corp. (Nasdaq: SPTK) announced today that the non-binding letter of intent with Metavisio has been mutually terminated by the parties.
In addition, the company announced today that its board of directors has elected to abandon and not implement the extension that was approved by stockholders on December 20, 2022. As a result, SPTK intends to liquidate and as of the close of business on December 27, 2022, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: DWAC rises in wake of Trump’s indictment, Senator Kennedy introduces SPAC Act to protect investors, and Abacus Life appoints new managing director DWAC rises in wake of Donald Trump’s indictment Shares of Digital World...
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to once again adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 13. The SPAC has been using these additional days to further engage with its shareholders and its ballot includes measures...
Latest SPAC Liquidations: JAWS Juggernaut Acquisition Corp., Talon 1 Acquisition Corp. JAWS Juggernaut Acquisition Corporation (JUGG) to Liquidate on June 22 JAWS Juggernaut Acquisition Corporation (Nasdaq: JUGG) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. As such, the Board has determined to cancel the...
Rice II (NYSE: RONI) announced today that it has completed its combination with energy technology company NET Power. The deal was originally approved by shareholders at a special meeting yesterday with relatively low redemptions. A total of 21,195,224 shares were redeemed in connection to the vote, removing 61% of Rice II’s trust. NET Power is to...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: BlackSly and Momentus win contracts, Terran Orbital’s CAPSTONE completes primary mission, and Richard Branson puts himself and Virgin brand on trial BlackSky and Momentus Win Contracts Momentus (NASDAQ:MNTS) has won a contract with Apogeo...