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 annual general meeting of shareholders, and to redeem all of its outstanding Class A ordinary shares with such redemption anticipated to be effective on or about June 23.
The per-share redemption price for the shares will be approximately $10.33. The company anticipates that the last day of trading in the Public Shares will be June 22.
READTalon 1 Acquisition Corporation (TOAC) to Liquidate on June 20
On June 8, Talon 1 Acquisition Corp. (NASDAQ:TOAC) determined that it will not seek an extension of the time to complete an initial business combination and that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on June 20.
The per-share redemption price for the shares will be approximately $10.49.
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Shepherd Ave Capital Acquisition Corp. (Nasdaq: SPHAU) is the latest SPAC to file to IPO, making 24 new registration statements that have filed since June 1, 2024. So far, only two of those 24 have gone public, but it does indicate an active August. In SPACLand at least, August is never slow. As for Shepherd...
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FTAC Emerald (NASDAQ:EMLD) has entered into a definitive agreement to combine with crypto fintech firm Fold at an enterprise value of $381 million. Phoenix, Arizona-based Fold provides digital banking services backed by a treasury of Bitcoin that includes FDIC-secured checking accounts as well Bitcoin trading and awards. The combined company is expected to trade on...