PropTech Acquisition Corporation (NASDAQ:PTAC) announced in an 8-K that its shareholders approved its combination with online home improvement marketplace Porch.com at a special meeting earlier today.
Just 400 shares were redeemed in connection with the vote, marking a solid result for the PropTech, which opened at $12.07 ahead of the vote. PropTech previewed late Friday that it was in for a good redemption number with about $173 million left available in its trust account.
PropTech initially announced its $523 million combination with Porch.com July 31. Porch.com provides an online concierge service for customers searching for movers, home inspectors and other service providers for home owners and home buyers.
All other measures on the ballot passed by wide margins with the largest dissention coming against the company’s proposed incentive plan, with about 18.5% of participating shares voting against it.
For a full list of measures on the ballot as well as vote tallies, click HERE.


McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....