Latest SPAC Liquidations: Ascendant Digital Acquisition Corp. III, Mason Industrial Technology, Catalyst Partners Acquisition Corp.
Ascendant Digital III (ACDI) to Liquidate on February 16
Ascendant Digital Acquisition Corp. III (NYSE: ACDI) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 16, 2023.
The company anticipates that the last day of trading in the Company’s Class A Shares will be February 15, 2022 and that, as of the open of business on February 16, 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 for the public shares to be announced at a later date.READ
Mason Industrial Technology, Inc. (MITGW) to Liquidate on February 3
Mason Industrial Technology, Inc. (OTC:MITGW) today announced that it will redeem all of its outstanding Class A common stock, effective as of February 15, 2023.
Net of taxes and dissolution expenses, the per-share redemption price for the shares is expected to be approximately $10.14. The company anticipates that the shares will cease trading as of the close of business on February 2, 2023. As of February 3, 2023, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.READ
Catalyst Partners Acquisition Corp. (CPAR) Announces Early Liquidation for January 31
At Catalyst Partners Acquisition Corp.’s (NASDAQ:CPAR) special meeting today, shareholders approved an amendment to accelerate the date by which the company must cease all operations from May 20, 2023, to January 31, 2023. Shareholders also approved an amendment to liquidate the trust account.
Holders of 33,068,170 Class A ordinary shares of the company exercised their right to redeem their shares for cash at a redemption price of approximately $10.18 per share, for an aggregate redemption amount of approximately $336,603,514.READ