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.
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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.
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European Biotech (NASDAQ:EBAC) announced in an 8-K this morning that it has increased its PIPE by $7.8 million and added $7 million to the convertible loans attached to the combination with biotech firm Oculis.
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DHC Acquisition Corp (NASDAQ:DHCA) announced that it is formally terminating its combination with conservative banking venture GloriFi.
This was essentially a formality because the SPAC already announced in November that GloriFi had begun the process of winding down.
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Health Sciences 2 (NASDAQ:HSAQ) announced that it closed its combination with Orchestra BioMed on January 26.
HSAQ ahead of its vote pre-announced redemption figures of 1,597,888 shares equating to 67.7% redemptions, however, that’s still subject to change.
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In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi.
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Constellation Acquisition Corp. I (NYSE:CSTA) announced in an 8-K this morning that it intends to adjourn today’s 8 am ET extension vote until 5 pm ET tomorrow, January 27, as it continues to engage with investors.
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Viveon Health (NYSE:VHAQ) has adjourned its special meeting to complete its transaction with Suneva Medical until 12 pm ET February 3.
The SPAC noted that it received requests to redeem 1,798,631 shares in connection with the vote out of 1,844,774 public shares it had remaining.
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Noble Rock (NASDAQ:NRAC) announced in an 8-K this morning that it is transferring control of its sponsor to Meteora Special Opportunity Fund, Singh Capital Partners and affiliates.
The terms of this transaction have not yet been made public, but it will result in changes to both the SPAC’s management and Board.
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Jack Creek (NASDAQ:JCIC) announced that its shareholders have approved its combination with Bridger Aerospace at a special meeting earlier today.
The parties have not yet released redemption figures, but the six SPACs that have completed deals since December 1 and reported results had an average of about 96.6% of shares redeemed.
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Noble Rock Acquisition Corp. (NASDAQ:NRAC) and Constellation Acquisition Corp. I (NYSE:CSTA) announced this morning that they have each announced changes to their upcoming extension votes.
Noble Rock is moving its vote from January 25 to 10 am ET January 27.
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Blockchain Coinvestors I (NASDAQ:BCSA) announced in an 8-K filing this morning that it has signed non-redemption agreements with unaffiliated investors to keep more cash in its trust through its January 27 extension vote.
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Armada I (NASDAQ:AACI) announced this morning that it has agreed to distribute up to 75,000 promote shares (1.5%) to “one or more third parties” in exchange for them not redeeming shares at the SPAC’s upcoming extension vote.
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Armada I (NASDAQ:AACI) announced this morning that it has postponed its extension vote from 1 pm ET January 20 to the same time January 30, while noting that a recent proposed accounting change would not affect its redemption rate.
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North Atlantic (NASDAQ:NAAC) announced that it has pushed its extension vote one day from 9:30 am ET January 24 to 4 pm ET January 25 and would tweak its contribution to the trust.
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Ares Acquisition Corporation (NYSE:AAC) announced this morning that it has decided to reschedule its January 24 shareholder meeting to 9:30 am ET February 2.
Shareholders will now have until January 31 to make redemption decisions.
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