Latest SPAC Liquidations: Sound Point I, Bullpen Parlay, and Zimmer Energy Transition
Sound Point Acquisition Corp I (SPCM) to Liquidate on June 4
Sound Point Acquisition Corp I, Ltd (NASDAQ: SPCM) announced today that it intends to liquidate and dissolve, effective as of June 4, 2023, and will redeem all of the outstanding Class A ordinary shares at an anticipated per-share redemption price of approximately $10.63.
As of the close of business on June 4, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. The estimated per-share redemption price for the public shares will be approximately $10.63.
READBullpen Parlay Acquisition Company (BPAC) to Liquidate on June 7
Bullpen Parlay Acquisition Company. (NASDAQ: BPAC) today announced that it will redeem all of the issued and outstanding Class A ordinary shares on or prior to June 7, 2023. Following such redemption of the Public Shares, the Company will liquidate and dissolve.
READZimmer Energy Transition Acquisition Corp. (ZT) to Liquidate on June 16
Zimmer Energy Transition Acquisition Corp. (NASDAQ: ZT) today announced that it will redeem all of the issued and outstanding shares of Common Stock effective as of the close of business on June 16, 2023. Following such redemption of the Public Shares, the Company will liquidate and dissolve.
The public shares will cease trading as of the close of business on June 15, 2023. As of the close of business on June 16, 2023, the public shares will be deemed cancelled and will represent only the right to receive the redemption amount.
The estimated per-share redemption price for the public shares will be approximately $10.25.
READFG Merger III Corp. filed for a $150 million IPO yesterday afternoon, marking the third SPAC to file on Wednesday. Similar to Blue Room (NASDAQ:IBLUU), which filed its $200 million IPO yesterday morning, FG Merger III intends to focus its search for a target business in the financial services industry in North America. Notably, FG...
10X Capital Venture Acquisition Corp. II (NASDAQ:VCXA) announced that it has completed its business combination with African Agriculture after shareholders approved the deal at a special meeting held on December 5. In connection with the meeting, 10X II received redemption requests for 1,857,033 Class A ordinary shares, representing 98.7% in aggregate redemptions since 10X II’s...
At the SPAC of Dawn The latter half of 2023 has largely told a story of retrenchment in the SPAC market as much of the excess in the domain has found itself terminating and liquidating. But, the increase in outgoing has not completely canceled out the boom in incoming as three new SPACs filed to...
TechyBird Acquisition Corp. (NASDAQ:TKBD) filed for a $60 million IPO today, putting it in line to become the second 2023 IPO from an underwriter that is relatively new to the SPAC space. That underwriter, Spartan Capital Securities, brought Aimei Health Technology (NASDAQ:AFJK) to market last week with similar terms as this new member to its...
Blue Room Acquisition Corp. (NASDAQ:IBLUU) submitted its S-1 filing this morning for a $200 million IPO. The new SPAC has set its sights on targets in the financial sector, ranging in market value between $250 million and $500 million, and primarily situated in the U.S. Its primary objective is to identify an innovative company leveraging...