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HENDERSON, Nev., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. ("Movella"), a global leader in the digitization of movement, announced today the completion of its previously announced business combination (the "Business Combination") with Pathfinder Acquisition Corp. (NASDAQ:PFDR) ("Pathfinder"), a special purpose acquisition company. The Business Combination was approved by the respective Boards of Directors and shareholders of Pathfinder and Movella Inc. The combined company will operate as "Movella Holdings Inc.", and its common stock and warrants are expected to begin trading on the Nasdaq Stock Market under the ticker symbol "MVLA" and "MVLAW", respectively, on February 13,
Pathfinder Acquisition Corporation (NASDAQ:PFDR), ("Pathfinder" or the "Company"), announced today that its previously announced extraordinary general meeting (the "Shareholder Meeting") originally scheduled for Wednesday, February 1, 2023, at 10:00 a.m., Eastern Time, is being postponed to February 17, 2023, at 10:00 a.m., Eastern Time (the "Postponement"). At the Shareholder Meeting, shareholders will be asked to vote on the following proposals: (1) to amend the Company's second amended and restated memorandum and articles of association (the "Memorandum and Articles of Association") to eliminate the requirement that Pathfinder retain at least $5,000,001 of net tangible assets following
FP Credit Partners II, L.P. ("FPCP") and FP Credit Partners Phoenix II, L.P. ("FPCPP" and together with FPCP, the "Purchasers") today announced that they have terminated their previously announced tender offer to purchase up to an aggregate of $75.0 million of Class A Ordinary shares, $0.0001 par value per share (each, a "Class A Share"), of Pathfinder Acquisition Corporation, a Cayman Islands Exempted company incorporated with limited liability (NASDAQ:PFDR) (the "Company"), at a price of $10.00 in cash per Class A Share, without interest on the purchase price and less any applicable withholding taxes (the "Offer"). The Offer was due to expire at 11:59 p.m., Eastern time, on January 4, 202
4 - Movella Holdings Inc. (0001839132) (Issuer)
4 - Movella Holdings Inc. (0001839132) (Issuer)
4 - Movella Holdings Inc. (0001839132) (Issuer)
424B3 - Movella Holdings Inc. (0001839132) (Filer)
8-K - Movella Holdings Inc. (0001839132) (Filer)
424B3 - Movella Holdings Inc. (0001839132) (Filer)
FP Credit Partners II, L.P. ("FPCP") and FP Credit Partners Phoenix II, L.P. ("FPCPP" and together with FPCP, the "Purchasers") today announced that they have terminated their previously announced tender offer to purchase up to an aggregate of $75.0 million of Class A Ordinary shares, $0.0001 par value per share (each, a "Class A Share"), of Pathfinder Acquisition Corporation, a Cayman Islands Exempted company incorporated with limited liability (NASDAQ:PFDR) (the "Company"), at a price of $10.00 in cash per Class A Share, without interest on the purchase price and less any applicable withholding taxes (the "Offer"). The Offer was due to expire at 11:59 p.m., Eastern time, on January 4, 2023
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 that called off mergers. What Happened: SPACs can terminate deals for numerous reasons including a change in valuation sentiment, missing deadlines or news items coming from the acquisition target. When SPACs call off deals, they lose the time and money spent to research and attempt to close a deal. The termination also sends the team back to the drawing board to try and find a new acquisition target. SPACs have a deadline date to meet, which is typically 24 months from its IPO date. With deals called off, many companies
SC 13G/A - Movella Holdings Inc. (0001839132) (Subject)
SC 13G - Movella Holdings Inc. (0001839132) (Subject)
SC 13G/A - Movella Holdings Inc. (0001839132) (Subject)