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De-SPAC Votes and Redemptions

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Lionheart III Corp. (LION) Shareholders Approve Security Matters Deal

Lionheart III (NASDAQ:LION) announced in an 8-K this morning that its shareholders approved its combination with advanced materials company Security Matters (ASX:SMX) at a special meeting January 30.

The filing did not divulge redemption figures, but the SPAC’s shares spiked to a high of $14.00 on the day of the vote before settling to a close at $10.50, above its estimated trust value of $10.35 per share. ...READ MORE

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Seaport Calibre Materials Acquisition Corp. (SCMA) Adds Non-Redemption Agreements

Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA) announced in an 8-K that it has inked new non-redemption agreements after postponing its initial extension vote.

The SPAC has agreed to allocate up to 37,500 promote shares (1.1%) to investors holding in exchange for them agreeing not to redeem an aggregate of 150,000 shares at the vote now rescheduled to January 31. ...READ MORE

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International Media Acquisition Corp. (IMAQ) Postpones Extension Vote

International Media Acquisition Corp. (NASDAQ:IMAQ) announced this morning that its special meeting, originally scheduled for today, has been pushed back to tomorrow, January 27.

The postponement was due to a change in the terms of the funds being deposited into the company’s trust in connection with each extension to $385,541.10 being deposited for the initial 3 month extension and $128,513.70 being deposited for each additional monthly extension. ...READ MORE

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Acri Capital Acquisition Corp. (ACAC) Postpones Extension Vote

Acri Capital Acquisition Corp. (NASDAQ:ACAC) announced this afternoon that, upon approval of its board, it has postponed its extension vote from January 26 to February 8.

The company is hoping to amend the amount of the monthly deposit required for the trust account from $0.0333 for each public share to $0.0625 for each public share for up to nine times. ...READ MORE

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