Thayer Ventures Prices $150M IPO

The aggregate of $805,000 was deposited into the FB Trust as consideration to shareholders for approving a deadline extension on the iCoreConnect deal to Sept. 1.

In its review of the matter, the SPAC said because its warrants include a cash settlement feature that could arise in certain events, such as a tender or exchange offer accepted by more than 50 percent of shareholders, shifting warrants to the liabilities side of the balance sheet was the prudent move.