Two More Bite the Dust: SPACInfo Editors Can't Get "Dream of SPAC Liquidation" (Sung to Tune of ChiliPeppers "Californication") Out of Heads
Grubb & Ellis Realty Advisors, Grubb & Ellis's real estate SPAC (obviously), and Phoenix India Acquisition Corp, an India focused SPAC (double obviously) recently filed for liquidation.
PI tried to buy a 65% stake in Indian wind power company Citius Power Limited for $45 million and GERA tried to buy a few office properties from itself (sigh... we're going to stay up late tonight trying to figure out why that one didn't get done)
Neither deal could garner enough votes to get 'er done so both SPACs decided to throw in the towel. Phoenix India, however, comes with a twist, but more on that later...
Phoenix India
Grubb and Ellis
PI tried to buy a 65% stake in Indian wind power company Citius Power Limited for $45 million and GERA tried to buy a few office properties from itself (sigh... we're going to stay up late tonight trying to figure out why that one didn't get done)
Neither deal could garner enough votes to get 'er done so both SPACs decided to throw in the towel. Phoenix India, however, comes with a twist, but more on that later...
Phoenix India
Grubb and Ellis
Labels: Commentary, News
posted by SPAC Information at
6:06 PM
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