Latest SPAC Liquidations: Iron Spark I Inc., Monument Circle, EQ Health, Shelter I, Sports Ventures, and Catalyst Partners
Iron Spark I Inc. (ISAA) to Liquidate on December 28
Iron Spark I Inc. (Nasdaq: ISAA) announced that it will not be able to complete its previously announced business combination with Hypebeast Limited by year-end. Shareholders approved a proposal to change the liquidation from June 11, 2023 to December 28, 2022. As a result, ISAA intends to dissolve and liquidate promptly after December 28, 2022 and will redeem all of the outstanding public shares of common stock at an expected per-share redemption price of approximately $10.09.
READMonument Circle Acquisition Corp. (MON) to Liquidate on December 23
On December 15, 2022, Monument Circle’s (NASDAQ:MON) Board determined that the company will wind up its operations and commence liquidation as soon as practicable before December 31, 2022.
As a result, the securities will be suspended from trading on Nasdaq on December 23, 2022, and all shares will be deemed cancelled and will represent only the right to receive the redemption amount.
READEQ Health Acquisition Corp. (EQHA) to Liquidate on December 21
On December 6, 2022, EQ Health Acquisition Company (NYSE:EQHA) shareholders approved an amendment to change the termination date from February 2, 2023 to December 21, 2022.
The company expects to complete the redemption on or around December 28, 2022.
READShelter Acquisition Corp. I (SHQA) to Liquidate on December 21
Shelter Acquisition Corporation I (Nasdaq: SHQA) announced that its board has unanimously determined it is in the best interest of the company to liquidate and redeem all remaining shares before the end of the fiscal year in order to avoid incurring additional tax liabilities in 2023.
On December 21, 2022, the company notified The Nasdaq of the redemption and requested that Nasdaq suspend trading of the shares, redeemable warrants, each exercisable for one share at an exercise price of $11.50 per share, and units, effective before the opening of trading on December 22, 2022.
The company expects to complete the redemption on or about December 27, 2022.
READSports Ventures Acquisition Corp. (AKIC) to Liquidate
Sports Ventures Acquisition Corp. (NASDAQ: AKIC) announced today that the company intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $10.12.
The redemption of the shares is expected to be completed by December 29, 2022.
READCatalyst Partners Acquisition Corp. (CPAR) to Hold Shareholder Meeting to Liquidate Early
Catalyst Partners (NASDAQ:CPAR) announced this afternoon that it will hold a shareholder meeting seeking to gain approval to liquidate early. The original termination date is May 20, 2023, but the SPAC is hoping to amend it to an earlier date.
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At the SPAC of Dawn After a cheery string of good news indicators, futures remain green heading into the final trading session of the week. The final reading for consumer sentiments is to come at about 10 am, which will hopefully match the market’s recent mood. There is some time delay on this indicator, however,...
Inflection Point Acquisition Corp. III (NASDAQ:IPCXU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPCXU”, Friday, April 25, 2025. The new SPAC aims to combine with a disruptive technology company in North America or Europe that is customer-focused and adaptable to...
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At the SPAC of Dawn SPAC momentum has not waned amid the market rally as three more SPACs are angling to price their IPOs by this evening, adding to two others and went public earlier this week. This would bring April’s tally to nine SPAC IPOs after just three in March. It has not been...