Velocity Acquisition Corp. (NASDAQ: VELO) (the “Company”) announced today that, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (the “Amended Charter”), the Company intends to dissolve and liquidate in accordance with the provisions of the Amended Charter, effective as of the close of business on December 20, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at an anticipated per-share redemption price of approximately $10.00.
Along with the hundreds of announced SPAC mergers and closed deals in 2021 came a handful of SPAC deals that were terminated. Here’s a look at what it means for the SPACs...
In SPAC news this week, BBQGuys, PropertyGuru, and Cvent announced merger deals, while Vice Media's plan to go public via a SPAC merger has reportedly stalled.
The largest e-commerce platform for higher-end BBQ grills and outdoor living products is going public with a SPAC deal announced Tuesday.
The SPAC Deal: BBQGuys announced a SPAC...
A barbecue retailer backed by one of the most famous brother duos in NFL history could announce a SPAC merger soon.
What Happened: BBQGuys is exploring a SPAC merger with Velocity...
