Latest SPAC Liquidations: Enterprise 4.0 Technology and Bilander
Enterprise 4.0 Technology Acquisition Corp. (ENTF) to Liquidate on July 21
Enterprise 4.0 Technology Acquisition Corp. (NASDAQ:ENTF) announced today that it will be unable to consummate an initial business combination and intends to dissolve and liquidate.
On April 20, 2023, the company held a general meeting of shareholders at which the shareholders approved an extension from April 21, 2023 to October 21, 2023. At the time of the meeting, the company believed it could complete a business combination if the extension were to be approved by the shareholders. However, after careful consideration, it has determined it would be unable to deliver a high quality transaction to shareholders even with an extension. Therefore, due to the recent developments, the company has determined not to further extend its completion deadline and instead proceed with the liquidation.
As of the close of business on July 21, 2023, the Class A ordinary shares that were included in the units issued in the IPO will be deemed cancelled, and each share will represent only the right to receive a redemption amount equal to the aggregate amount then on deposit in the trust account established in connection with the IPO, including interest, divided by the number of then outstanding shares.
READBilander Acquisition Corp. (TWCB) to Liquidate on July 25
Bilander Acquisition Corp. (NASDAQ: TWCB) today announced that it will redeem all of its outstanding Class A common stock effective as of July 26.
Net of taxes and dissolution expenses, the per-share redemption price for the Class A Common Stock is expected to be approximately $10.25.
The Company anticipates that the Class A Common Stock will cease trading as of the close of business on July 25.
READ
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...
Crane Harbor Acquisition Corp. (NASDAQ:CHACU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CHACU”, Friday, April 25, 2025. The Company’s primary focus will be to identify companies in the technology, real assets, and energy sectors. Crane Harbor’s management team is led...
Flag Ship Acquisition Corporation (NASDAQ:FSHP) has entered into a definitive agreement to combine with Great Future under so far undisclosed terms. Transaction Overview Flag Ship has about $71.6 million in its current trust and has until September 20, 2025 to complete a business combination but may extend up to nine times for one month each...
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...