Latest SPAC Liquidations: Build Acquisition, McLaren Technology, and Live Oak Mobility
Build Acquisition Corp. (BGSX) to Liquidate on March 17
Build Acquisition Corp. (NYSE:BGSX) today announced that it will redeem all of its outstanding common stock that was included in the units issued in its initial public offering, effective as of the close of business on March 17, 2023, as the company will not consummate an initial business combination on or prior to March 19, 2023.
The per-share redemption price for the public shares will be approximately $10.21.
READMcLaren Technology Acquisition Corp. (MLAI) to Liquidate on March 3
McLaren Technology Acquisition Corp. (NASDAQ: MLAI) announced today that it intends to dissolve and liquidate its trust, effective as of the close of business on March 3, 2023, and will redeem all of the outstanding shares of Class A common stock, at a per-share redemption price of approximately $10.39.
READLive Oak Mobility Acquisition Corp. (LOKM) to Liquidate
Live Oak Mobility Acquisition Corp. (NYSE: LOKM) announced today the cancellation of its special meeting of stockholders.
LOKM expects that it will redeem all of its outstanding shares of Class A common stock sold as part of the units in LOKM’s initial public offering because LOKM will not consummate an initial business combination. LOKM expects to announce additional information on such redemption in the coming days.
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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...