The Latest Liquidations: December 23, 2022
by Marlena Haddad on 2022-12-23 at 5:40pm

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.

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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.

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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.

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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.

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