Class Acceleration’s (NYSE:CLAS) board of directors has determined to liquidate and dissolve the company as soon as practicable before December 31, 2022.
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Model Performance Acquisition Corp (NASDAQ:MPAC) announced in an 8-K that today’s special meeting to approve its $300 million combination with MultiMetaVerse has been adjourned to December 28.
The SPAC did not disclose why the meeting was adjourned, but as of its last vote date on September 28, Model Performance had received requests to redeem a total of 3,508,994 shares, representing 61.03% of its trust.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Global investment firm EQT Private Equity has completed its acquisition of B2B payments company Billtrust (NASDAQ:BTRS).
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HCM Acquisition Corp (NASDAQ:HCMA) announced in an 8-K that it would postpone its special meeting set for 10 am ET this morning to extend the company’s transaction deadline. The meeting will be held, if at all, at a later date to be determined by the board of directors of the Company.
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AlphaVest Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ATMVU” Tuesday, December 20, 2022.
The new SPAC intends to focus its search on businesses in Asia, and is not limited to a particular industry or geographic region.
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MDH Acquisition Corp. (NYSE: MDH) filed a definitive proxy statement relating to a special meeting of stockholders to redeem all of its outstanding shares of Class A common stock by changing the company’s liquidation date from February 4, 2023 to December 29, 2022.
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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.
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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.
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Corner Growth (NASDAQ:COOL) announced this afternoon that it has adjourned today’s extension vote to 4:30 p.m. E.T. on December 20.
The SPAC hopes the additional time will allow the company to engage with its stockholders and solicit redemption reversals.
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OmniLit Acquisition Corp. (NASDAQ:OLIT) announced in an 8-K filing this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a target company ahead of its extension vote on Wednesday.
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Achari Ventures Holdings Corp. I (NASDAQ:AVHI) announced this morning that it has adjourned today’s extension vote to 2:00 p.m. ET, December 22.
The Special Meeting is being held for the purpose of gaining approval to extend Achari’s timeline by three months, from January 19, 2023 to April 19, 2023, or by six months to July 19, 2023.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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.
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Angel Pond Holdings (NYSE:POND) announced this morning that it has closed its combination with MariaDB and its shares and warrants will begin trading on the NYSE today under the symbols “MRDB” and “MRDB WS”.
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Velocity Acquisition Corp. (NASDAQ:VELO) will not consummate an initial business combination and intends to dissolve and liquidate effective as of the close of business on December 20, 2022.
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Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has terminated its combination agreement with metaverse technology firm Infinite Assets.
The SPAC plans to continue to seek out a combination target, but will likely have to fund extensions to do so.
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Sizzle (NASDAQ:SZZL) announced that will be postponing its upcoming extension vote from December 19 to a date yet to be determined in February.
This is likely to come in the first week of the month as the SPAC has its existing transaction deadline set for February 8.
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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.
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Golden Falcon (NYSE:GFX) announced that it convened and adjourned its extension vote today to 11 am ET, December 20.
The SPAC likely hopes to use this additional time to flip votes and redemption decisions after recently announcing its combination with Turkish air freight hauler MNG Airlines.
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