Crucible Acquisition in a regulatory filing said it will move up its liqudation date from January 2023 to an earlier point before the end of 2022. A preliminary proxy has been filed, although a shareholder meeting date has not yet been published.
Meanwhile, the NYSE today announced it was immediately suspending trading in the SPAC’s warrants due to “abnormally low” price levels.
The SPAC said it does not intend to appeal the NYSE’s decision.
Crucible raised $225 million in an upsized IPO in January 2021. The software-focused SPAC at the time said it planned to target companies with cloud-based recurring revenue business models.
Crucible II and III withdrew IPOs back in February. Each had planned to target the software sector. Read more.
