The Latest Liquidations: March 7, 2023
Latest SPAC Liquidations: Arbor Rapha Capital Bioholdings Corp. I, SVF Investment Corp. 2, and Emerging Markets Horizon Corp.
Arbor Rapha Capital Bioholdings Corp. I (ARCK) Announces Intent to Liquidate on March 7
On March 3, 2023, Arbor Rapha Capital Bioholdings Corp. I (NASDAQ:ARCK) held a special meeting where stockholders approved a proposal to change the liquidation date from August 2, 2023 to March 7, 2023.
In connection therewith, the company gave formal notice to Nasdaq on March 3, 2023 of its intention to dissolve and liquidate and requested that Nasdaq file a Form 25 with the SEC to delist its securities.
Stockholders elected to redeem an aggregate of 4,233 shares of Class A Common Stock, representing approximately 6.9% of the issued and outstanding Class A Common Stock.READ
SVF Investment Corp. 2 (SVFB) to Liquidate on March 9
SVF Investment Corp. 2 (Nasdaq: SVFB) today announced that as of the close of business on March 9, 2023, the company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive their pro-rata share in the trust.
The per-share redemption price for the shares will be approximately $10.21.READ
Emerging Markets Horizon Corp. (HORI) to Liquidate on March 13
Emerging Markets Horizon Corp. (NASDAQ:HORI) announced today that it intends to dissolve and liquidate and will redeem all of the outstanding Class A ordinary shares that were included in the units issued in its IPO, at a per-share redemption price of approximately $10.41.
As of the close of business on March 13, 2023, the shares will be deemed cancelled and will represent only the right to receive the redemption amount. The company anticipates that the shares, as well as the Company’s publicly traded units and warrants, will cease trading as of the close of business on March 10, 2023.READ