The Latest Liquidations: March 2, 2023
by Marlena Haddad on 2023-03-02 at 5:36pm

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.

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McLaren 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.

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Live 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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