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liquidation

The Latest Liquidations: January 31, 2023

Latest SPAC Liquidations: Ascendant Digital Acquisition Corp. III, Mason Industrial Technology, Catalyst Partners Acquisition Corp.


Ascendant Digital III (ACDI) to Liquidate on February 16

Ascendant Digital Acquisition Corp. III (NYSE: ACDI) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 16, 2023. ...READ MORE

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IPO-Pricing
lock-ups

SPAC Lock-Up Expirations to Watch in February 2023

The shortest month of the year is kicking off this time around with a front-loaded series of lock-up expirations marking 10 de-SPAC’d companies and eight sponsors newly freed to trade their shares in total. Most of these expiration dates are to hit in the first 10 days of the month and three are opening on
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L Catterton Asia Acquisition Corp (LCAA) to Combine with Lotus Technology in $5.4Bn Deal

L Catterton Asia (NASDAQ:LCAA) has entered into a definitive agreement to combine with luxury electric vehicle manufacturer Lotus at an enterprise value of $5.4 billion. Wuhan, China-based Lotus Technology develops and sells high-performance sportscars with a new SUV model debuting in early 2023. The combined company is expected to trade on the Nasdaq under the
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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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Prime Impact Acquisition I (PIAI) to Combine with Cheche Technology in $841M Deal

Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade
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SPAC-Terms-Tracker

SPAC IPO Terms Tracker: Closing in on the End of the First Month of 2023

Terms Tracker for the Week Ending January 27, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re coming up on the end of January, the first month of the year, and to-date no new S-1s have been filed. Additionally, the number
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latest-news

The Latest SPAC News and Rumors: January 27, 2023

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Circle spokesperson denies blaming SEC for failed deal, BuzzFeed CEO says AI-powered content will be part of core business, and FaZe Clan faces possible delisting


Circle Spokesperson Denies Blaming SEC for Failed $9 Billion Deal

USD Coin (USDC) issuer Circle has rejected claims that it blames the United States Securities and Exchange Commission (SEC) for the failure of its $9 billion plan to go public in December, according to a spokeswoman for the company. ...READ MORE

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