The Latest Liquidations: February 2, 2023
by Marlena Haddad on 2023-02-02 at 10:15am

Latest SPAC Liquidations: Itiquira Acquisition Corp., Biotech Acquisition Company


Itiquira Acquisition Corp. (ITQ) to Liquidate on February 14

Itiquira Acquisition Corp. (Nasdaq: ITQ) announced today it intends to dissolve and liquidate at an estimated per-share redemption price of approximately $10.17.

The company anticipates that the Public Shares will cease trading as of the close of business on February 14, 2023.

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Biotech Acquisition Company (BIOT) to Liquidate on February 6

Biotech Acquisition Company (Nasdaq: BIOT) announced today that it will not extend its timeline as approved by its shareholders due to the investor being unable to deposit the requisite funds into the company’s trust account.

As a result, the company will dissolve and liquidate and will redeem all of the outstanding ordinary shares at a per-share redemption price of approximately $10.15. The redemption of the shares is expected to be completed within ten business days after January 27, 2023.

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