Colonnade Acquisition Corp. II (NYSE: CLAA) has confirmed the redemption of all outstanding Class A ordinary shares, scheduled for March 27, 2023. The estimated redemption price per share is approximately $10.23. The company will retain $100,000 from the interest and dividend income of the Trust Account to cover dissolution expenses. Holders of Class A Shares will need to present their certificates to receive the redemption amount, while beneficial owners in 'street name' do not need to take action. Notably, there will be no redemption for warrants, and initial shareholders have waived their rights for Class B shares.
Colonnade Acquisition Corp. II (NYSE: CLAA) announced the redemption of all outstanding Class A ordinary shares effective March 13, 2023, due to the inability to complete a business combination by the deadline of March 12, 2023. Following the redemption, all operations will cease except for winding up activities. Shareholders can expect a redemption amount of approximately $10.21 per share, with shares suspended from trading after March 10, 2023. The company will file to delist its securities with the NYSE and terminate their registration with the SEC.
Plastiq Inc. will participate in the 25th Annual ICR Conference on January 10-11, 2023, in Orlando, FL. The presentation starts on January 10 at 4:00 PM ET, available via live webcast on the company's investor relations website. Plastiq is merging with Colonnade Acquisition Corp. II (NYSE: CLAA) in a deal valued at $480 million. Founded in 2012, Plastiq provides B2B payment solutions for SMBs, enabling businesses to streamline payments and manage cash flow effectively.
Plastiq Inc. announced its participation in two key financial conferences in December 2022: the UBS Global TMT Conference on December 7 and the DA Davidson FinTech and Payments Conference on December 8, both in New York. This follows their August 2022 announcement of a business combination with Colonnade Acquisition Corp. II (NYSE: CLAA), valued at approximately $480 million. Plastiq's innovative B2B payment solutions have garnered significant attention, aiding SMBs in cash flow management and payment flexibility. More details are available on their investor relations website.
Plastiq Inc. is launching a new Short-Term Financing solution aimed at Small and Mid-Sized Businesses (SMBs) in the US, a market worth $9 trillion. This service allows SMBs to secure funding quickly and easily, facilitating access to necessary capital for growth. With an estimated $480 million enterprise value from its business combination with Colonnade Acquisition Corp. II (CLAA), Plastiq's offering promises instant decisions and flexible payback options, helping businesses manage cash flow effectively.
Plastiq, a B2B payment platform for SMBs, has announced a merger with Colonnade Acquisition Corp. II (NYSE: CLAA) with an anticipated enterprise value of $480 million. The merger aims to enhance Plastiq's service offerings and provide businesses with democratized financial services to improve cash flow. The deal is projected to add $320 million to Plastiq's balance sheet, facilitating future growth. Completion is expected in Q1 2023, pending shareholder approvals and regulatory clearances.