Latest SPAC Liquidations: Social Capital Suvretta Holdings II & IV, Sculptor Acquisition Corp I, Logistics Innovation Technologies Corp., and Senior Connect I
Social Capital Suvretta Holdings Corp. II (DNAB) to Liquidate on June 30
On May 26, Social Capital Suvretta Holdings Corp. II (NASDAQ:DNAB) announced that it would not complete its initial business combination by its deadline of July 2 and will as promptly as possible redeem 100% of its issued and outstanding Class A ordinary shares.
The Company estimates that the per-share Redemption Amount will be approximately $10.25 and the shares will cease trading as of the close of business on June 30, 2023.
READSocial Capital Suvretta Holdings Corp. IV (DNAD) to Liquidate on June 30
On May 26, Social Capital Suvretta Holdings Corp. IV (NASDAQ:DNAD) announced that it would not complete its initial business combination by its deadline on July 2 and will as promptly as possible redeem 100% of its issued and outstanding Class A ordinary shares.
The company estimates that the per-share Redemption Amount will be approximately $10.25 and the shares will cease trading as of the close of business on June 30, 2023.
READSculptor Acquisition Corp I (SCUA) to Liquidate on June 9
Logistics Innovation Technologies Corp. (LITT) to Liquidate on June 15
Logistics Innovation Technologies Corp. (NASDAQ: LITT) has determined to redeem all of its outstanding shares of Class A common stock, effective as of the close of business on June 15.
The Company anticipates that the last day of trading in the Company’s Public Shares will be June 15.
READSenior Connect Acquisition Corp. I (SNRH) to Liquidate on June 9
On May 26, 2023, Senior Connect Acquisition Corp. I (NASDAQ:SNRH) issued a press release announcing that its board of directors have unanimously voted to accelerate the completion deadline to June 8. As a result, the company intends to dissolve and liquidate, effective as of the close of business on June 9, and will redeem all of the outstanding shares of Class A common stock at an estimated per-share redemption price of approximately $10.03.
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IB Acquisition Corp. submitted its S-1 filing Friday afternoon for a $100 million IPO, coming right on the heels of Bayview Acquisition Corp, which also filed its S-1 that day. IB is also similar to Bayview in that its units do not feature a warrant but include 1 right for 1/10. However, its trust is slightly...
Integrated Wellness (NYSE:WEL) announced in an 8-K filing that it agreed to transfer control of its sponsor to Sriram Associates, which will now take on the SPAC’s financial obligations and may appoint a new team. Sriram is acquiring 2,012,500 promote shares (70%) and 4,795,000 private placement warrants (70%) for the nominal purchase price of $1....
At the SPAC of Dawn So far, seven SPACs have announced their liquidations this week and although some others may choose to use the holiday to quietly disband, this tends to be a positive week for equities in general. Going back to 1961, the S&P 500 has ended the Thanksgiving week with gains three-quarters of...
Marti Technologies, Inc. (NYSE:MRT), which merged with Galata Acquisition Corp. in July, announced this afternoon that it has launched an exchange offer to purchase its Class A ordinary shares for $0.10 in cash. The company is also soliciting consents to amend the warrant agreement to redeem each warrant that is not tendered in connection with...
Global Partner Acquisition Corp. II (NASDAQ:GPAC) has entered into a definitive agreement to combine with lithium manufacturer Stardust Power for a pro forma implied enterprise value of $490 million. Greenwich, Connecticut-based Stardust Power is a development stage manufacturer of battery-grade lithium products designed to supply the EV industry and help secure America’s leadership in the energy transition....