The Latest Liquidations: July 19, 2023

Latest SPAC Liquidations: Enterprise 4.0 Technology and Bilander

Enterprise 4.0 Technology Acquisition Corp. (ENTF) to Liquidate on July 21

Enterprise 4.0 Technology Acquisition Corp. (NASDAQ:ENTF) announced today that it will be unable to consummate an initial business combination and intends to dissolve and liquidate.

On April 20, 2023, the company held a general meeting of shareholders at which the shareholders approved an extension from April 21, 2023 to October 21, 2023. At the time of the meeting, the company believed it could complete a business combination if the extension were to be approved by the shareholders. However, after careful consideration, it has determined it would be unable to deliver a high quality transaction to shareholders even with an extension. Therefore, due to the recent developments, the company has determined not to further extend its completion deadline and instead proceed with the liquidation.

As of the close of business on July 21, 2023, the Class A ordinary shares that were included in the units issued in the IPO will be deemed cancelled, and each share will represent only the right to receive a redemption amount equal to the aggregate amount then on deposit in the trust account established in connection with the IPO, including interest, divided by the number of then outstanding shares.

Bilander Acquisition Corp. (TWCB) to Liquidate on July 25

Bilander Acquisition Corp. (NASDAQ: TWCB) today announced that it will redeem all of its outstanding Class A common stock effective as of July 26.

Net of taxes and dissolution expenses, the per-share redemption price for the Class A Common Stock is expected to be approximately $10.25.

The Company anticipates that the Class A Common Stock will cease trading as of the close of business on July 25.