Better World Acquisition Abandons Heritage Distilling Deal
Better World has two months remaining on its current deadline extension. The SPAC raised $126 million in an IPO 2 1/2 years ago, although redemptions following multiple extension votes have whittled the trust down to about $32 million.
May 19, 2023
Fintech Ecosystem Calls Off Rana Financial Deal
The original deal terms called for Rana and Afinoz, another financial services company, to be merged with Fintech Ecosystem. Today's regulatory filing does not mention Afinoz nor whether that deal is impacted by the Rana termination.
May 16, 2023
SuperBac Walks Away From XPAC Acquisition Deal; SPAC May Liquidate
While XPAC has until Aug. 3 to sign and seal a new deal, the SPAC said in the regulatory filing that the more likely outcome will be liqudation if shareholders approve.
May 5, 2023
Parabellum Terminates EnOcean GmbH Deal, will Dissolve
Parabellum shareholders in December approved an extension until September to close the deal, although redemptions were heavy. The NYSE in February suspended trading in Parabellum stock because the SPAC had fallen below the minimum $40 million market cap to remain on the exchange.
May 1, 2023
Evo Acquisition Walks Away from 20Cube Logistics Deal
Redemptions on an extension vote in December erased more than 92% of Evo's trust, leaving the SPAC with less than $10 million.
April 27, 2023
Horizon Acquisition II will Liquidate, Terminates Flexjet Deal
The parties have signed an agreement terminating the deal on mutually acceptable terms, however, Flexjet as part of that agreement agrees to pay a termination fee of approximately $30 million to Horizon.
April 12, 2023
Cascadia Acquisition Terminates RealWear Deal
Following a deadline extension vote in February, Cascadia had disclosed that 14,710,805 shares were redeemed. That wiped out 78% of the 18.75 million shares outstanding.
April 11, 2023
DUET Acquisition Terminates AnyTech365 Deal
DUET in a statement said it will seek an alternative business combination. AnyTech365 is engaged in IT security and support.
April 10, 2023
dMY Technology Group VI Abandons Rainwater Tech Deal, will Liquidate Instead
The news comes just days after the SPAC announced a forward purchase agreement for six million shares in support of the deal. In January, dMY launched a tender offer to purchase up to 24.15 million Class A shares to shore up the Rainwater Tech deal.
April 6, 2023
Alpine Acquisition Abandons Two Bit Circus Deal, Will Liquidate Instead
Alpine’s merger agreement with Two Bit Circus was announced last May. The deal had been tweaked several times since then, with the latest iteration calling for the target to receive about $47 million.
March 30, 2023