S-4 Filing

The SPAC's last extension, approved by shareholder vote in November last year, cleared only after six adjournments. Much of the blame for the delay was laid at the feet of the SPAC's retail investors.

Northern Star IV in March disclosed that stockholders redeemed 89% of the SPAC’s shares ahead of an extension vote. Even with a non-redemption agreement in place covering 1.6 million shares, the SPAC was left with about 4.2 million shares outstanding.

M3-Brigade Acquisition III in a proxy filing proposes to acquire all of its outstanding warrants ahead of its proposed merger with Greenfire Resources, a Calgary-based energy company.

Breeze last won an extension in March as it continues working to complete a deal with ammunition manufacturer TV Ammo, which would be renamed True Velocity if the merger closes.

The SPAC raised $150 million in an October 2021 IPO with plans to target companies at the intersection of technology and consumer health and wellness.

Inception Growth in June said it had signed a binding letter of intent for a merger with AgileAlgo Pte Ltd., although there has been no further announcement regarding that potential deal.

The SPAC had said in late July that, despite its submission of a plan to regain compliance with the Nasdaq’s $35 million minimum market value listing rule, the exchange warned trading in OceanTech stock would be suspended Aug. 3. OceanTech appealed.

The target is a provider of intelligent thermal imaging platforms. As announced in December, the deal values the merged company at $100 million.

As announced in January, the deal has a pro forma enterprise valuation of approximately $335 million.

Oxbridge currently holds just over $13 million in trust after raising $115 million in an IPO nearly two years ago.