The Latest Liquidations: May 1, 2023
Latest SPAC Liquidations: Parabellum Acquisition Corp. and Orion Biotech Opportunities Corp.
Parabellum Acquisition Corp. (PRBM) to Liquidate
Parabellum Acquisition Corp. (OTC:PRBM) announced today that the business combination with EnOcean GmbH, EnOcean Holdings B.V., and Artemis Merger Sub, has been terminated and that it is ceasing the business combination efforts.
Because Parabellum doesn’t believe that it will be able to consummate a business combination within the remaining time available, it will now commence the process of dissolving and liquidating its assets.
Orion Biotech Opportunities Corp. (ORIA) to Liquidate on May 17
On April 24, Orion Biotech Opportunities Corp. (NASDAQ:ORIA) issued a press release announcing that as of the close of business on May 17, 2023, the 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 account.READ