Sunday, August 3, 2025

Latest

Financial SPAC Cascade Acquisition Looks At Liquidation After Failing To Achieve Business Combination

Special purpose acquisition company Cascade Acquisition Corp. (NYSE: CAS) announced its intention to dissolve and liquidate the firm. This follows after it has failed to consummate an initial business combination within the prescribed period.

The blank check firm looks at May 24, 2022 as its last trading day on the New York Stock Exchange. All outstanding shares will be redeemed at approximately US$10.10 per share, the process of which is expected to be completed ten days after the last day.

The initial stockholders have waived their rights to redemption. The firm, which also saw its units separate into stocks and warrants in January 2021, says there will be no redemption rights or liquidating distributions with respect to the warrants.

The company completed its US$200 million IPO in November 2020. According to its prospectus, the firm intended to focus its search for business combinations within the financial services industry.

Cascade Acquisition last traded at US$10.09 on the NYSE.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Tech SPAC 10X Capital Venture Acquisition III Prices Upsized US$261 Million IPO

Blank check company 10X Capital Venture Acquisition Corp. III (NYSE: VCXB.U) is looking to raise...

Wednesday, January 12, 2022, 02:18:00 PM

Tech SPAC Aurora Technology Acquisition Prices US$200 Million IPO

Special purpose acquisition company Aurora Technology Acquisition Corp. (Nasdaq: ATAKU) started trading publicly on the...

Tuesday, February 8, 2022, 02:26:00 PM

Fintech SPAC AIB Acquisition Seeks To Raise US$75 Million In IPO

Special purpose acquisition company AIB Acquisition Corporation (Nasdaq: AIBBU) went public on the Nasdaq Global...

Wednesday, January 19, 2022, 02:16:00 PM

Electric Vehicle Maker Iconiq Motors To Be Taken Public In A US$2.5 Billion SPAC Merger

Electric vehicle company Iconiq Motors entered into a definitive business combination agreement with special purpose...

Monday, April 18, 2022, 02:24:00 PM

Agribusiness SPAC AXIOS Sustainable Growth Acquisition Prices US$150 Million IPO

Special purpose acquisition company AXIOS Sustainable Growth Acquisition Corporation (NYSE: AXACU) went public today on...

Wednesday, February 16, 2022, 02:23:00 PM