The Latest Liquidations: July 3, 2023
Latest SPAC Liquidations: Minority Equality Opportunities Acquisition Inc., and ARYA Sciences V
Minority Equality Opportunities Acquisition Inc. (MEOA) to Liquidate on July 3
Minority Equality Opportunities Acquisition Inc. (Nasdaq: MEOA) intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at an estimated per-share redemption price of approximately $10.91. ...READ MORE
Kensington Capital Acquisition Corp. V (KCGI) Terminates Arrival Deal
Kensington Capital Acquisition Corp. V (NYSE:KCGI) announced this afternoon that it has mutually terminated its business combination with EV-maker Arrival (NASDAQ:ARVL).
The SPAC’s combination with Arrival was 2023’s second repeat de-SPACing as it followed in the footsteps of Wejo (NASDAQ:WEJO), which also completed a 2021 SPAC deal and then announced a new one in January with TKB Critical Technologies 1 (NASDAQ:USCT). ...READ MORE
Adit EdTech Acquisition Corp. (ADEX) Adjourns Extension Vote
Adit EdTech Acquisition Corp. (NYSE:ADEX) announced that it has adjourned today’s extension vote and will reconvene it at 9 am ET on July 11.
ADEX intends to use this additional time to seek additional proxies for two proposals: one to extend the time for the company to complete its initial business combination, and another to remove a prohibition on certain actions if the company’s net tangible assets fall below $5 million. ...READ MORE
HH&L Acquisition Co. (HHLA) Terminates DiaCarta Deal
HH&L (NYSE:HHLA) announced this afternoon that it has terminated its business combination with biotech firm DiaCarta.
On June 26, the SPAC sent a termination notice to DiaCarta due to breaches of representations and covenants by DiaCarta and fraudulent misrepresentation. ...READ MORE
The Latest SPAC News and Rumors: June 30, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Quantum Fintech ends $50M lawsuit against Monex Group
Quantum SPAC Ends Busted-Deal Case Against Japan’s Monex Group
Quantum Fintech Acquisition Corp.
Sagaliam Acquisition Corp. (SAGA) Amends LOI with Enzolytics
Sagaliam (NASDAQ:SAGA) announced this morning that it has amended a non-binding letter of intent (LOI) for the purchase of Biogenysis, Inc. and Virogentics Inc., operating subsidiaries of Enzolytics Inc. (Pink: ENZC). ...READ MORE
Galata Acquisition Corporation (GLTA) to Adjourn Completion Vote
Galata Acquisition Corp. (NASDAQ:GLTA) announced this morning that its special meeting, intended to approve its combination with Turkish mobility app Marti, will be adjourned due to a change in its proxy. ...READ MORE
GSR II Meteora Acquisition Corp. (GSRM) Shareholders Approve Bitcoin Depot Deal
GSR II Meteora (NASDAQ:GSRM) announced in an 8-K this morning that it secured shareholder approval for its combination with Bitcoin Depot at a special meeting June 28.
A further 3,686,863 shares were redeemed in connection with the vote, bringing GSR II’s final redemption rate to about 89% and leaving it with about $35 million in trust at close. ...READ MORE
The Latest Liquidations: June 29, 2023
Latest SPAC Liquidations: Stratim Cloud
Stratim Cloud Acquisition Corp. (SCAQ) Terminates Force Pressure Control Deal, Intends to Liquidate
On June 27, Stratim Cloud (NASDAQ:SCAQ) received a letter from Force purporting to terminate the Purchase Agreement and each of the transaction agreements entered into in connection with the Purchase Agreement. ...READ MORE
The Latest SPAC News and Rumors: June 29, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Trump SPAC investors charged in $22M scheme, Lordstown says it has had confidential settlement talks with SEC, and Virgin Galactic enters space tourism era with commercial debut
Trump SPAC Investors Charged in $22 Million Scheme
Three investors in the special purpose acquisition company that has agreed to take Trump Media & Technology Group Corp.
The Latest Liquidations: June 28, 2023
Latest SPAC Liquidations: Hawks Acquisition Corp.
Hawks Acquisition Corp. (HWKZ) to Liquidate on July 11
Hawks Acquisition Corp. (NYSE: HWKZ) announced overnight that it will redeem all of its outstanding shares of Class A common stock other than shares of Class A Common Stock that have been converted from shares of Class B Common Stock. ...READ MORE
Priveterra Acquisition Corporation (PMGM) Adjourns Completion Vote for Seventh Time
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced this afternoon that its special meeting, intended to approve its combination with AEON Biopharma, has been adjourned for the seventh consecutive time.
Given the SPAC’s completion deadline of August 11, it is unlikely that this will be the last adjournment we will see for this completion vote. ...READ MORE
The Latest SPAC News and Rumors: June 28, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Faraday Future raises $90 million to help get its delayed electric SUV to production
Despite EV delivery delays, Faraday Future raises $90M to stay afloat
Faraday Future (NASDAQ: FFIE) has managed to raise $90 million from existing investors to help it get its much-delayed FF 91 luxury electric SUV to production and delivery.
Bukit Jalil Global Acquisition 1 Ltd. (BUJA) Prices $50M IPO
Bukit Jalil Global Acquisition 1 Ltd. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BUJAU” Wednesday, June 28, 2023.
The company intends to identify emerging growth companies with strong management teams that can either grow into a position to generate cash or are already cash-generative. ...READ MORE
EdtechX Holdings Acquisition Corp. II (EDTX) Terminates zSpace Deal
EdtechX Holdings Acquisition Corp. II (NASDAQ:EDTX) announced this afternoon that it has terminated its business combination with edtech firm zSpace.
The SPAC disclosed that the deal was nixed due to certain breaches by zSpace of the terms of the merger agreement and intends to evaluate all options available to it at this time, including taking legal action against its former target. ...READ MORE
Coliseum Acquisition Corp. (MITA) Sells Sponsor Ownership to Harry You
Coliseum Acquisition Corp. (NASDAQ:MITA) announced this afternoon that it has entered and completed a purchase agreement with its sponsor, and Berto LLC, an affiliate of Harry L. You.
As part of the agreement, the sponsor sold an aggregate of 2,625,000 Class B ordinary shares, and 2,257,500 private placement warrants to Berto for an aggregate purchase price of $1.00 plus an agreement to advance funds to the Coliseum in connection with the shareholder vote to approve the extension. ...READ MORE
The Latest Non-Redemption Agreements: June 27, 2023
Latest Non-Redemption Agreements: Cartica
Cartica Acquisition Corp. (CITE) Adds Non-Redemption Agreement
On June 26, 2023, Cartica Acquisition Corp (NASDAQ:CITE) entered into certain non-redemption agreements with unaffiliated institutional investors in exchange for the Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 3,150,000 Class A ordinary shares. ...READ MORE
Williams Rowland Acquisition Corp. (WRAC) Sells Sponsor Ownership
Williams Rowland Acquisition Corp. (NYSE:WRAC) announced this afternoon that it has entered into a securities purchase agreement with its sponsor, Jonathan Rowland and David B. Williams.
As part of the agreement, Williams Rowland sold its securities, consisting of 2,514,663 founder shares, and 5,550,000 warrants, to purchase shares of common stock for $300,000. ...READ MORE
The Latest SPAC News and Rumors: June 27, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Metals ships first copper concentrate from CSA Copper Mine, Lordstown Motors files for bankruptcy, and Bridger Aerospace confirms CEO’s bid for Senate
Metals Acquisition Limited Ships First Copper Concentrate from CSA Copper Mine
Metals Acquisition Limited (NYSE: MTAL) announces that the first shipment of copper concentrate from the CSA Copper Mine has been shipped from the port of Newcastle, New South Wales.