The Latest Liquidations: March 17, 2023
by Nicholas Alan Clayton on 2023-03-17 at 5:53pm

Latest SPAC Liquidations: Northern Genesis III, MSD, and Tech and Energy Transition Corp.


Northern Genesis Acquisition Corp. III (NGC) to Liquidate on March 24

Northern Genesis III (NYSE:NGC) announced that it will redeem all outstanding shares effective as of the close of business on March 27. Shares will cease trading on March 24 and the per-share redemption price is expected to about $10.15

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MSD Acquisition Corp. III (MSDA) to Liquidate on March 29

MSD Acquisition Corp. (Nasdaq: MSDA) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on March 29.

The per-share redemption price for the Public Shares will be approximately $10.22.

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Tech and Energy Transition Corp. (TETC) to Liquidate on March 27

Tech and Energy Transition Corp.(NASDAQ:TETC) announced this afternoon that its shareholders have shot down a proposal to extend its timeline to complete a business combination.  As a result, the SPAC is being forced to liquidate as promptly as possible.

The per-share redemption price for the shares of the Class A Common Stock is expected to be approximately $10.18. TETC anticipates that its shares of the Class A Common Stock, as well as its publicly traded units and warrants, will cease trading as of the close of business on March 27, and the redemption amount will be paid on March 29.

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