The Latest Liquidations: September 20, 2023

latest liquidations

TradeUP Acquisition Corp. (UPTD) Signs Additional Subscription Agreements Ahead of Close

TradeUP (NASDAQ:UPTD) announced in an 8-K this afternoon that has entered into additional subscription agreements in connection with its combination with Estrella Biopharma.

Under these subscription agreements, Plentiful Limited and Lianhe World Limited, collectively known as the “Investors”, agreed to each buy $5,000,000 worth of UPTD’s common stock, priced at $10.00 per share.  ...READ MORE

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Digital Transformation Opportunities (DTOC) Shareholders Approve American Oncology Deal

Digital Transformation (NASDAQ:DTOC) announced in an 8-K this morning that its shareholders approved its business combination with physician network American Oncology at a special meeting yesterday.

The two sides later announced they have closed the transaction and the combined company will begin trading on the Nasdaq under the symbol “AONC” on September 21. ...READ MORE

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Hennessy Capital Investment Corp VI (HCVI) Re-Schedules Extension with Non-Redemption Pact

Hennessy Capital Investment Corp VI (NASDAQ:HCVI) announced in an 8-K filing this morning that it will push its September 27 extension vote to 9 am ET September 29.

Shareholders will now have until 5 pm ET September 27 to make their final redemption decisions and owners of 132,398 shares have decided to stay in as a part of a non-redemption agreement Hennessy VI also announced in the filing. ...READ MORE

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Graf Acquisition Corp. IV (GFOR) Adds $10M in Note Funding to NKGen Biotech Deal

Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this morning that it has added $10 million in convertible note funding to its combination with NKGen Biotech.

NKGen’s majority shareholder NKMax (KOSDAQ:182400) has put up the cash for the move and in exchange the notes are to bear interest payable at either a 5% rate in cash or 8% in stock. ...READ MORE

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FTAC Emerald Acquisition Corp. (EMLD) Adjourns Extension Vote Again

FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) announced this morning that it plans to push its extension vote scheduled for this afternoon to 4:30 pm ET tomorrow, September 19.

As the SPAC continues to engage with shareholders, they are to consider its proposal to extend the SPAC’s transaction deadline to January 19, 2024 without the sponsor making an additional contribution to the trust. ...READ MORE

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Sagaliam Acquisition Corp. (SAGA) Signs Definitive Agreement with Enzolytics Inc. (OTC PK: ENZC)

Sagaliam (NASDAQ:SAGA), which previously announced it had signed a non-binding letter of intent (LOI) for the purchase of Biogenysis, Inc. and Virogentics Inc., operating subsidiaries of Enzolytics Inc. (OTC Pink: ENZC), announced this afternoon that it has now executed a definitive business combination agreement. ...READ MORE

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