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Berenson Acquisition Corp I (BACA) provides investors with a centralized hub for tracking all official announcements and market developments related to this technology-focused SPAC. This page aggregates press releases, regulatory filings, and strategic updates to serve as your primary resource for monitoring the company's progress toward identifying and merging with a target business.
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Berenson Acquisition Corp. I (NYSE American: BACA), a special purpose acquisition company, has announced its liquidation due to failure to complete an initial business combination by September 30, 2024. Key points include:
- The company will cease operations and dissolve
- Trust Account liquidation expected on October 16, 2024
- Last trading day on NYSE American: September 27, 2024
- Expected per-share redemption price: approximately $10.69
- Estimated trust account balance at liquidation: $11,389,831
- Number of public shares as of August 31, 2024: 1,065,468
The company will redeem 100% of Offering Shares, with redemption amounts payable to public shareholders. Warrants will expire worthless. BACA will retain $100,000 for dissolution expenses.
Berenson Acquisition Corp. I (NYSE American: BACA) provided an update on its annual report on Form 10-K for the fiscal year ending December 31, 2023. The report, filed on May 31, 2024, includes an audit opinion from its independent accounting firm highlighting concerns about the company’s ability to continue as a going concern. This announcement is in accordance with NYSE American Company Guide Sections 401(h) and 610(b) and does not signify any changes to the company's financial statements or the annual report itself.
Berenson Acquisition Corp. I (NYSE: BACA) announced that it will transfer its Class A common stock listing from the New York Stock Exchange to NYSE American, effective March 13, 2023. The stock will continue to trade under the ticker symbol BACA. Additionally, on the same date, the Company’s units trading as BACA.U will be mandatorily separated, with no action required by unit holders. This separation will result in holders receiving shares of Class A common stock and redeemable warrants. Berenson is a SPAC focusing on the software and technology-enabled services sectors, aiming for a business combination exceeding $1 billion in enterprise value.
Berenson Acquisition Corp. I (NYSE: BACA) has cancelled its special meeting of stockholders originally scheduled for February 7, 2023. The company will also withdraw the proposals outlined in its Definitive Proxy Statement filed with the SEC on November 21, 2022. This decision may affect stockholders' ability to vote on proposed business combinations with an enterprise value exceeding $1 billion in the software and technology-enabled services sectors. The company, focused on mergers and acquisitions, emphasizes its commitment to future growth despite these changes.
Berenson Acquisition Corp. I (NYSE: BACA) has announced the adjournment of its Special Meeting of stockholders, originally scheduled for January 10, 2023, to February 7, 2023, without conducting any business. The meeting will address a proposal to extend the deadline for the Company to finalize a business combination from March 30, 2023, to September 30, 2023. The deadline for public stockholders to submit shares for redemption has also been extended to February 3, 2023. Stockholders are urged to review the Definitive Proxy Statement filed with the SEC for detailed information.
On December 13, 2022, Berenson Acquisition Corp. I (NYSE: BACA) announced the adjournment of its Special Meeting of stockholders to January 10, 2023, due to lack of business conducted. The meeting will consider proposals to extend the deadline for completing an initial business combination from March 30, 2023, to September 30, 2023. Stockholders can submit their shares for redemption until January 6, 2023. The record date for voting remains November 17, 2022. The company focuses on acquiring businesses in the software and technology-enabled services sectors.
On November 15, 2021, Berenson Acquisition Corp. I (NYSE: BACA.U) announced that holders of its IPO units may commence trading shares of Class A common stock and warrants separately from November 18, 2021. Class A common stock will trade under the symbol BACA and warrants under BACA WS. The Company is positioned to explore acquisition opportunities primarily in the software and technology-enabled services sector, targeting businesses with an enterprise value exceeding $1 billion. The units will maintain trading under BACA.U if not separated.
