Today, Fellazo Inc., which was recently de-listed from Nasdaq, provided an update via a press release whereby the Company said it is exploring various alternatives. However, it specifically stated that one of those alternatives includes liquidating the trust.
Furthermore, Fellazo also provided an update on the current funds held in trust (since we still don’t have a 10-Q), which as of the close of business on March 11, 2020, held an aggregate of $58,366,134.06. However, if they do liquidate, keep in mind that $50,000.00 will be used for dissolution expenses.
Fellazo, Inc. was initially given 12 months to announce and close a combination, but can extend for three additional 3-month periods for $0.10 at each extension, so while they held their IPO on July 25, 2019, they could theoretically extend to the end of April, 2021. That’s still a lot of time, but the fact that they press-released they are considering liquidation means that is now a very, very real option.
Stay tuned for further updates.
Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...
Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...
This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...
At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...