The Latest Liquidations: December 19, 2022

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Mountain Crest Acquisition Corp. V (MCAG) Adjourns Extension Vote

Mountain Crest Acquisition Corp. V  (NASDAQ:MCAG) announced that it convened and adjourned today’s extension vote to tomorrow, December 20, at 5:00 p.m.

The SPAC, which originally had 12 months on its timeline to complete a business combination, IPO’d in November 2021, but has the ability to extend two-times for three months each at $0.10/extension.  ...READ MORE

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7GC & Co. Holdings Inc. (VII) Postpones Extension Vote

7GC & Co. Holdings Inc.  (NASDAQ:VII) announced this afternoon that it has postponed tomorrow’s extension vote to 3:00 p.m. E.T. on December 21.

In connection with the change, the company has further extended the deadline for holders of the Company’s Class A common stock to submit their shares for redemption in connection with the extension to 5:00 p.m. ...READ MORE

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The Latest SPAC News and Rumors: December 19, 2022

 


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

Latest SPAC News: Hong Kong market regulator urges city to uphold rule of law, IPO market freeze sparks 80% drop in Nasdaq listings, and Grab takes cost-cutting measures 


Top Hong Kong Market Regulator Urges City to Uphold Rule of Law

Hong Kong’s status as an international financial center hinges on ensuring investors have confidence that the city follows the “conventional” rule of law in place in other global hubs and maintaining its special role as a bridge between the world and China, according to Ashley Alder, the outgoing top market regulator. ...READ MORE

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M3-Brigade Acquisition II Corp. (MBAC) Postpones Extension Vote

M3-Brigade Acquisiition II Corp. (NYSE:MBAC) announced that it is pushing its extension vote from December 19 to  December 23 at 9:30 am ET.

The SPAC is seeking a full-year extension from its existing deadline of March 8, 2023 to March 8, 2024 and is attempting to give shareholders more time to potentially reverse redemption decisions. ...READ MORE

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Redwoods Acquisition Corp. (RWOD) Signs Agreement of Intent with Xin Bo Xing

Redwoods Acquisition Corp. (NASDAQ:RWOD) announced in a 425 filing that it has signed an agreement of intent to combine with material technology company Xin Bo Xing.

The parties intend to arrange a PIPE for the transaction involving several private funds and the combined company would be listed on the Nasdaq, according to the filing. ...READ MORE

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The Latest Liquidations: December 15, 2022

 


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

Latest SPAC Liquidations: Simon Property, Healthcare Services, Gaming & Hospitality, Gores Holdings VIII & VII, Gores Technology Partners I & II, VectoIQ, Pioneer, Accelerate, TCW, and Bright Lights


Simon Property Group Acquisition Holdings to Liquidate

At the special meeting of the stockholders of Simon Property Group Acquisition Holdings, Inc. ...READ MORE

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