The Latest Liquidations: December 2, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: NightDragon, VectoIQ II, and Fortistar Sustainable Solutions Corp.
Night Dragon Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
NightDragon Acquisition Corp. (NASDAQ: NDAC) anticipates that the last trading day of its public shares on Nasdaq will be December 2, 2022. The company will redeem all of the outstanding shares of Class A common stock for approximately $10.07 per share.
READVectoIQ Acquisition Corp. II Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
VectoIQ Acquisition Corp. II (Nasdaq: VTIQU) announced that if stockholders approve an amendment to its trust agreement, it will redeem all of its outstanding shares of Class A common stock, effective as of December 12, 2022 because the company was unable to complete an initial business combination.
The special meeting is to be held on December 9, 2022.
The per-share redemption price for the public shares is expected to be approximately $10.07, assuming the stockholders approve the early termination proposals at the meetings.
READFortistar Sustainable Solutions Corp. to Liquidate Trust
At the special meeting of stockholders of Fortistar Sustainable Solutions Corp. (NASDAQ:FSSI), stockholders approved an amendment to allow the Company to redeem all of its outstanding shares of Class A common stock in advance of its contractual expiration date of January 29, 2023 by changing the termination date to December 2, 2022.
The company will be obligated to redeem all public shares as promptly as reasonably possible but not more than ten business days after the new termination date. Fortistar expects to complete the mandatory redemption on or around December 7, 2022 at a per-share redemption price of approximately $10.08.
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