The Latest Liquidations: June 5, 2023
Latest SPAC Liquidations: ST Energy Transition I, MELI Kaszek Pioneer Corp.
ST Energy Transition I Ltd. (STET) to Liquidate on June 7
ST Energy Transition I Ltd. (NYSE:STET) announced today that the Board of Directors has elected to dissolve and liquidate the company.
Net of taxes and dissolution expenses, the per-share redemption price for the Public Shares is expected to be approximately $10.48 based upon the amount held in the trust account as of May 31, 2023, which was $301,477,161.
The Company anticipates that the Public Shares, as well as the Company’s publicly traded units, will cease trading as of the close of business on June 7, 2023.
READMELI Kaszek Pioneer Corp (MEKA) to Liquidate
MELI Kaszek Pioneer Corp (NASDAQ: MEKA) announced today that the directors of the company have determined to dissolve and liquidate the company due to, “the current condition of capital markets, and the timeframe offered by the SPAC product.”
At the close of business on the business day prior to the redemption date of June 16, the company will stop trading its shares, and each share held at that time will represent the right to receive the redemption amount of approximately $10.32.
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