Niocorp Developments Ltd (NB)

[scooter83]

To claim the banking crisis was the reason for high redemptions in our spac merger is not true. I have pointed out in many posts that the spac party was over a long time prior. In fact it was dead when Mark began negotiating with gxii last July.

From my post earlier.
It doesn't look good for the year. 85% spac redemption

https://www.stifel.com/Newsletters/InvestmentBanking/BAL/Marketing/SPAC/2022/SPAC_Mailer_2022YE.pdf?trk=organization_guest_main-feed-card_feed-article-content
"De-SPAC redemption rates soared, signaling a more challenging market throughout 2022
— Average redemption percentages maintained on average the same level throughout the year, from 86% in Q1 to 88% in Q4
— On an annual basis, 2022’s 85% average nearly doubled 2021’s 45% average, and far exceeded the 38% and 65% rates
observed in 2020 and 2019 respectively
— The high redemption rate environment posed challenges for SPACs seeking to complete a business combinations, as less
cash remained in the trust account to satisfy the respective minimum cash condition for each transaction"