Social Capital Hedosophia Holding Corporation II (NYSE:IPOB) filed an 8-K this afternoon showing that shareholders approved its combination with online home marketplace Opendoor Labs at a special meeting earlier today.
The parties expect to close the transaction tomorrow, December 18, with the combined entity’s shares and warrants trading on the Nasdaq under the symbols “OPEN” and “OPENW”, respectively, on December 21.
The transaction and other measures on the ballot passed nearly unanimously. However, about 6% of participating shares voted against creating three separate classes on the combined company’s Board with just one being elected.
Social Capital II did not disclose redemption figures, but considering it opened ahead of the vote at $26.69, it is unlikely this included more than a handful of shares redeemed in error.
Social Capital II initially announced its $4.8 billion deal to combine with Opendoor on September 15. San Francisco-based Opendoor provides a platform for customers in 21 markets to buy and sell homes digitally, process their title and escrow, and is now offering home loans.
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...