SpacDeskTwo deSPAC Combinations Close; Nine Sponsors Clear Routine Votes
Cartesian Growth and Legato Merger completed combinations with Lionano SE and Einride AB respectively. Nine shareholder votes advanced across four vehicles, including Perceptive Capital's 12-month deadline extension.
DeSPAC Closings
Two SPAC combinations reached final closure on Tuesday. Cartesian Growth Corp III (CGCT) completed its merger with Lionano SE Inc. Legato Merger Corp. III (LEGT-UN) completed its combination with Einride AB. Both vehicles have now exited the SPAC structure and transitioned to post-merger operations.
Votes & Redemptions
Nine shareholder votes cleared across four SPAC vehicles on Tuesday. Flame Acquisition Corp. (FLME) shareholders approved director election and other matters. Prospect Acquisition Corp. (PAX) shareholders advanced two other matters and voted to adjourn proceedings. Foley Trasimene Acquisition Corp. (WPF) shareholders approved director election and two additional other matters at their meeting.
Perceptive Capital Solutions Corp (PCSC) shareholders approved a 12-month extension of the business combination timeline, with $8 million in shareholder redemptions processed during the vote. The extension provides the vehicle additional time to pursue merger targets while maintaining remaining trust capital for deal execution.