FAST Acquisition Corp (NYSE: FST) noted in a 10-Q this morning that it intends to liquidate its trust shortly after its August 25 transaction deadline.
As a result, FAST will now receive $26 million in a settlement from Fertitta Entertainment, which sought to terminate their combination just before close in December.
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Founder SPAC (NASDAQ:FOUN) announced that its shareholders approved its combination with digital garbage-hauling marketplace Rubicon at a special meeting August 2.
The SPAC’s initial press release did not disclose redemption figures but noted that 97% of votes cast were in favor of the deal.
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Ribbit LEAP Ltd. (NYSE:LEAP) announced late last night that it will not complete a business combination by its initial deadline of September 10, and will instead redeem all shares.
The SPAC will cease all operations on August 15 and shareholders will shortly thereafter receive $10.02 per share.
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ACE Convergence (NASDAQ:ACEV) announced in an 8-K this morning that its PIPE investor Oaktree had terminated its subscription agreement funding $175 million of the $200 million in convertible notes the SPAC had arranged for its combination with Tempo Automation.
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RedBall Acquisition Corp. (NYSE:RBAC) announced over the weekend that it will not complete a transaction before its August 17 deadline and it intends to liquidate its trust.
Its shares will cease trading on August 16 and the SPAC is set to return about $10.02 per share to investors shortly after this date.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies on the supplying the world’s new and existing metals resources. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Perella Weinberg Partners (NASDAQ:PWP) announced this morning that it is offering to exchange all outstanding warrants for 0.20 shares of company stock.
The move would issue 1,573,995 shares to warrantholders should all accept the offer.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies on the African continent. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Fortune Rise Acquisition Corp. (NASDAQ:FRLA) announced in an 8-K this morning that it has mutually terminated its combination with crypto mining business VCV Power Sigma.
As with yesterday’s termination of Aesther Healthcare’s combination with United Gear, the merger was just weeks old, having been announced on May 3 with an outside date in November.
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ArcLight Clean Transition Corp. II (NASDAQ:ACTD) announced in an 8-K filing this morning it has signed a forward purchase agreement to prevent 1,900,000 shares from being redeemed.
This is the second piece of news announced by ArcLight II this morning as it also disclosed this morning that its shareholders voted to approve its combination with OPAL Fuels at a shareholder vote on Friday.
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