Author: Marlena Haddad

latest liquidations

The Latest Liquidations: February 28, 2023

Latest SPAC Liquidations: TB SA Acquisition Corp., and Independence Holdings Corp.


TB SA Acquisition Corp. (TBSA) to Liquidate on March 13

TB SA Acquisition Corp. (Nasdaq: TBSA) today announced that as of the close of business on March 13, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive their pro-rata share in the Company’s trust.

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European Biotech Acquisition Corp. (EBAC) Shareholders Approve Oculis Deal

European Biotech (NASDAQ:EBAC) announced its shareholders have approved its combination with biopharmaceutical firm Oculis at a special meeting held earlier today.

EBAC’s public shareholders holding 11,505,684 Class A ordinary shares, representing 90.21% of the trust, validly elected to redeem their public shares in connection to today’s meeting.

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Altimar Acquisition Corp. III (ATAQ) Adds Non-Redemption Agreements

Altimar Acquisition Corp. III (NYSE:ATAQ) announced this afternoon that it has entered into non-redemption agreements with several unaffiliated third parties.

Under the agreement, the parties will not redeem an aggregate of 95,760 Class A ordinary shares at ATAQ’s upcoming meeting to extend its completion deadline from March 8 to September 8.

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Oxbridge Acquisition Corp. (OXAC) to Combine with Jet Token Inc. in $45M Deal

Oxbridge Acquisition Corp. (NASDAQ: OXAC) has entered into a definitive agreement to combine with private aviation booking and membership platform Jet Token at an enterprise value of $45 million. Las Vegas-based Jet Token offers fractional aircraft ownership, jet card, aircraft brokerage and charter service through its fleet of private aircraft and those of its Argus
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IPO-Pricing

SilverBox Corp. III (SBXC) Prices Upsized $120M IPO


SilverBox Corp. III priced its upsized $120 million IPO and its units are expected to begin trading on the NYSE under the symbol “SBXC.U” Tuesday, February 28, 2023.

The new SPAC intends to acquire one or more businesses with an aggregate enterprise value in excess of $750 million in an industry where it believes the expertise of its management team and its advisory group will provide it with a competitive advantage in completing a successful initial business combination.

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Aurora Technology Acquisition Corp. (ATAK) to Combine with DIH in $321.9M Deal

Aurora Technology Acquisition Corp. (NASDAQ: ATAK) has entered into a definitive agreement to combine with global robotics and virtual reality (“VR”) technology provider DIH Holding US at an enterprise value of $321.9 million. Beijing, China-based DIH develops robotics for rehabilitation and virtual reality for human performance. The combined company is expected to trade on the
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Northern Star III (NSTC) and Northern Star IV (NSTD) Adjourn Extension Votes

Northern Star Investment Corp. III  (NYSE:NSTC) and Northern Star Investment Corp. IV (NYSE:NSTD) announced this morning that both companies have adjourned their extension votes.

Both SPACs intended to hold their meetings on February 24, but have adjourned them until March 1 to further engage with stockholders and solicit additional votes and redemption reversals.

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M3-Brigade Acquisition Corp. II (MBAC) Inks Non-Redemption Agreement

M3-Brigade Acquisition Corp. II (NYSE:MBAC) announced this afternoon that it has entered into a non-redemption agreement with one or more unaffiliated third parties pursuant to which the third parties have agreed not to redeem an aggregate of 400,000 shares of the company’s Class A common stock at its upcoming extension meeting.

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new-spac

New SPAC: CO2 Energy Transition Corp. Files for $80M IPO

CO2 Energy Transition Corp. filed its S-1 yesterday afternoon for an $80 million IPO, marking the 5th SPAC to file for an IPO in February following a quiet January. Given its name, it is no surprise that the SPAC intends to focus its search for a target business in the carbon capture, utilization and storage industry. More
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