ACCESS CORPORATE ACTION MANAGER
To request a Special Purpose Acquisition Company (SPAC) redemption, you will need to submit your request through the Corporate Actions tool. To submit your SPAC redemption request use the button above or follow the below procedure to submit your request in the Corporate Action Manager:
- Log in to Client Portal.
- Click the Help menu (question mark icon in the top right corner) followed by Support Center.
- Scroll down and select Corporate Actions Manager.
- Click on Choice Corporate Actions, review the terms of the offer and enter your election request.
- Once done, click Save to submit your election.
The request will then be sent to the agent.
All submissions are subject to the processing deadlines of the transfer agent. Note that such deadlines may be earlier than the redemption date announced by the company directly. IBKR must abide by the agent deadlines and cannot guarantee redemptions submitted after the agent’s deadline will be accepted.
IBKR will set up the DWAC and transmit your shares on the specific date provided and not before. Clients should ensure they have the necessary equity in the account to DWAC out their position. The redemption payment is typically paid to the account within 1-3 weeks.
Please Note
- Typically, the redemption date is two days prior to the meeting date.
- A SPAC redemption request is subjected to 100 USD processing fee.
- A client vote may or may not be required to be eligible for redemptions based off a record date position established by the SPAC.
- We send out notifications for SPAC redemptions on a bests effort basis.
- We do not send out notifications for Unit Separations.
- IBKR does not notify on actions handled outside of the US or Canadian Depositories, however if we receive instructions we will review and act upon as requested.
Additional Information