Vote Now to be Held Friday, Nov. 2nd, at 4:00PM.
Matlin & Partners Acquisition Corp. (MPAC), announced early this morning that their shareholder vote to complete their business combination with U.S. Well Services (scheduled for today), has been been adjourned until tomorrow.
MPAC, like Federal Street, is citing “market conditions” as the reason for the adjournment and now intends to hold the special meeting at 4:00 p.m. on Friday (tomorrow). Due to this new time, results will most likely not be forthcoming until very late or over the weekend or even Monday. Which is maybe the real reason why they moved the date? Friday afternoons are always a little suspicious…
Let’s hope that’s not the case since it’s already been a challenging week for SPAC votes. We’ll update as information becomes available.
Terms Tracker for the Week Ending January 31, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This past week saw three new SPAC IPOs price, bringing the January and year-to-date IPO count to eight and underlining an active start to 2025....
The shortest month of the year nonetheless features new liquidity events for nine SPAC sponsors and 10 de-SPACs that at least a trio of which can be excited about. The de-SPACs being released from lock-ups this month with most to gain will also in most cases be the ones that will have to wait until...
Fifth Era Acquisition Corp I (NASDAQ:FERAU) has filed for a $200 million SPAC to potentially make another run at a blockchain or crypto transaction after the team’s first attempt fell short of sealing a deal. The new SPAC is offering investors a right to a 1/10 share in each unit, but it is not overfunded...
At the SPAC of Dawn It’s a handy trick to be able to tell the market you’re undervalued and have it respond by doubling your market cap on the day. That is roughly what went down yesterday with retail technology firm Alpha Modus (NASDAQ:AMOD) yesterday. Its CEO William Alessi took to a press release to...
At the SPAC of Dawn Another SPAC is joining the pack today with Stellar V Capital Corp. (NASDAQ:SVCCU) set to make its debut in today’s session, but there has also been news that could be encouraging for SPACs on the other end of their timeline. When faced with the choice of rushing whatever deal could...