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The Latest Liquidations: December 14, 2022

liquidation

The Latest Liquidations: December 14, 2022

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC Liquidations: Periphas Capital Partnering Corp., Big Sky Growth Partners, Glenfarne Merger Corp., JOFF Fintech, Cohn Robbins, KKR Holdings I, Advanced Merger Partners, Longview II


Periphas Capital Partnering Corp. to Liquidate

On November 29, 2022, Periphas Capital Partnering Corporation (NYSE: PCPC) announced that its board of directors had determined to redeem all of its outstanding shares of Class A common stock. The company expects the redemption of its shares to occur on or about December 21, 2022.

Periphas anticipates that the last day of trading in its shares will be December 14, 2022 and that, as of the open of business on December 15, 2022, the shares will be suspended from trading, will be deemed cancelled and will represent only the right to receive the per-share redemption price to be announced at a later date.


Big Sky Growth Partners Inc. to Liquidate

On December 12, Big Sky (NASDAQ:BSKY) shareholders approved an amendment to change the liquidation date from May 3, 2023 to December 12, 2022.

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Glenfarne Merger Corp. to Liquidate

On December 9, 2022, Glenfarne Merger Corp. (Nasdaq: GGMCU) announced that if stockholders approve a proposed amendment to terminate early, it will redeem all of its outstanding Class A common stock, effective as of the close of business on December 16, 2022.

The per-share redemption price for the public shares is expected to be approximately $10.00.

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JOFF Fintech Acquisition Corp. to Liquidate

On December 14, 2022, the stockholders of JOFF Fintech Acquisition Corp.(NASDAQ:JOFF) approved an amendment to allow the company to unwind and redeem all of its outstanding public shares on December 14, 2022.

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Cohn Robbins Holdings Corp. to Liquidate

Due to the company not completing a business combination by December 11, 2022, Cohn Robbins (NYSE:CRHC) will as promptly as possible, but not more than ten business days thereafter, redeem 100% of its issued and outstanding Class A ordinary shares.

The redemption is expected to be completed on or about December 16, 2022. Based upon the amount held in the trust account as of September 30, 2022, which was $74,951,728, the company estimates that the per-share redemption amount will be approximately $10.03.

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KKR Holdings I Corp. to Liquidate

On December 7, 2022, KKR Acquisition Holdings I Corp. (NYSE:KAHC) filed a proxy in connection with the company’s special meeting of stockholders, which was held on December 12, 2022, regarding the decision to wind up and liquidate the company.
Following such announcement, on December 8, 2022, the New York Stock Exchange notified the KKR that it has determined to commence proceedings to delist the company’s warrants and that trading in the warrants would be suspended immediately, due to trading price levels.
In light of the KKR’s anticipated liquidation, the company does not intend to appeal the NYSE’s determination.
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Advanced Merger Partners, Inc. to Liquidate

On November 30, 2022, Advanced Merger Partners, Inc. (NYSE:AMPI) announced that it will redeem all of its outstanding Class A common stock, effective as of December 15, 2022, if stockholders approve a proposal at today’s special meeting.

The per-share redemption price for the public shares is expected to be approximately $10.08.

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Longview Acquisition Corp. II to Liquidate

On December 14, 2022, Longview Acquisition Corp. II  (NYSE: LGV.U) stockholders approved an amendment to change the date by which it must complete a business combination.

The board set December 14, 2022, as the date by which the company must consummate a business combination and expects to redeem all of its outstanding Class A common stock on or prior to December 29, 2022.

The holders of 60,932,798 outstanding shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.06 per share, for an aggregate redemption amount of approximately $612,983,947.88. Following such redemptions, 8,067,202 shares remain outstanding.

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