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The Latest Liquidations: December 15, 2022

liquidation

The Latest Liquidations: December 15, 2022

 


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

Latest SPAC Liquidations: Simon Property, Healthcare Services, Gaming & Hospitality, Gores Holdings VIII & VII, Gores Technology Partners I & II, VectoIQ, Pioneer, Accelerate, TCW, and Bright Lights


Simon Property Group Acquisition Holdings to Liquidate

At the special meeting of the stockholders of Simon Property Group Acquisition Holdings, Inc. (NYSE:SPGS) held on December 15, 2022 stockholders approved an amendment to change the date by which the company must complete a merger, from February 18, 2023, to December 16, 2022.

The company expects to complete the mandatory redemption on or around December 21, 2022, at a per-share redemption price of approximately $10.00.

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Healthcare Services Acquisition Corp. to Liquidate

Healthcare Services Acquisition Corporation (Nasdaq: HCAR), announced today that, due to its anticipated inability to consummate an initial business combination, 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 $10.11.
As of the close of business on December 22, 2022, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.
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Gaming & Hospitality Acquisition Corp. to Liquidate

On December 15, 2022, the stockholders of Gaming & Hospitality Acquisition Corp. (Nasdaq: GHAC) approved an amendment to allow the company to redeem all of its issued and outstanding shares of Class A common stock by changing its liquidation date to December 15, 2022.

The company expects to complete the Mandatory Redemption on or around December 20, 2022 at a per-share redemption price of approximately $10.10.

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Gores Holdings VIII, Inc. to Liquidate

Gores Holdings VIII, Inc (Nasdaq: GIIX)announced that it filed a definitive proxy statement relating to a special meeting of stockholders to allow the company to redeem all of its outstanding shares of Class A common stock prior to December 31, 2022.

If the proposals are approved, the company will redeem all shares as promptly as reasonably possible after the amended termination date. The company expects to complete the redemption on or around December 30, 2022 if stockholders approve the proposals. Additionally, the last day of trading of the Public Shares will be December 29, 2022 if stockholders approve the proposals.

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Gores Holdings VII, Inc. to Liquidate

On November 23, 2022, Gores Holdings VII, Inc. (NASDAQ:GSEV) filed a definitive proxy statement relating to a special meeting of stockholders to allow the company to redeem all of its outstanding shares of Class A common stock by changing the liquidation date from February 25, 2023 to December 15, 2022.

The company expects to complete the Mandatory Redemption on or around December 16, 2022 if stockholders approve the Proposals. Additionally, the last day of trading of the Public Shares will be December 15, 2022 if stockholders approve the Proposals.

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Gores Technology Partners to Liquidate

On November 23, 2022, Gores Technology Partners, Inc. (NASDAQ:GTPA) filed a definitive proxy statement relating to a special meeting of stockholders to allow the company to redeem all of its outstanding shares of Class A common stock by changing its termination date from March 16, 2023 to December 15, 2022.

The Company expects to complete the Mandatory Redemption on or around December 16, 2022 if stockholders approve the Proposals. Additionally, the last day of trading of the Public Shares will be December 15, 2022 if stockholders approve the Proposals.

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Gores Technology Partners II to Liquidate

On November 23, 2022, Gores Technology Partners II, (NASDAQ:GTPB) filed a definitive proxy statement relating to a special meeting of stockholders to change the company’s termination date from March 16, 2023 to December 15, 2022.

The company expects to complete the redemption on or around December 16, 2022 if stockholders approve the Proposals. Additionally, the last day of trading of the shares will be December 15, 2022 if stockholders approve the Proposals.

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VectoIQ Acquisition Corp. II to Liquidate

At the special meeting of stockholders of VectoIQ Acquisition Corp. II (NASDAQ:VTIQ), held on December 9, 2022, stockholders approved an amendment to change the date by which the company must consummate an initial business combination from January 11, 2023 to December 9, 2022.

Holders of 33,583,054 public 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 $337,962,418.

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Pioneer Merger Corp. to Liquidate

On December 15, 2022, Pioneer Merger Corp. (NASDAQ:PACX) decided that it will redeem all of its outstanding Class A ordinary shares, effective as of January 13, 2023, because its Board of Directors has concluded that the company will not be able to complete an initial business combination.

Based on the balance of the company’s trust account as of December 15, 2022, such amount per share is expected to be $10.10 plus interest accrued through January 12, 2022.

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Accelerate Acquisition Corp. to Liquidate

On November 28, 2022, Accelerate Acquisition Corp. (NYSE:AAQC) filed a definitive proxy statement relating to a special meeting of shareholders to change the company’s termination date from March 22, 2023 to December 15, 2022.

If the Proposals are approved, the company expects to complete the Mandatory Redemption on or around December 16, 2022. Additionally, the last day of trading of the Public Shares will be December 15, 2022, if shareholders approve the Proposals.

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TCW Special Purpose Acquisition Corp. to Liquidate

On November 25, 2022, TCW Special Purpose Acquisition Corp. (NYSE:TPSQ) filed a definitive proxy statement relating to a special meeting of shareholders to change the company’s termination date from March 4, 2023 to December 15, 2022.

The Company expects to complete the Mandatory Redemption on or around December 16, 2022, if shareholders approve the Proposals. Additionally, the last day of trading of the shares will be December 15, 2022, if shareholders approve the Proposals.

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Bright Lights Acquisition Corp. to Liquidate

Bright Lights (NASDAQ:BLTS) stockholders approved a proposal to amend the company’s termination date from January 11, 2023, to December 12, 2022.

The Company estimates that the total Redemption Amount will be approximately $5,023,900, and the per-share Redemption Amount will be approximately $10.00.

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