The Latest SPAC News and Rumors: June 13, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: VAM SPAC to take Supermoney public, SPAC listings gain momentum in Korea, and Starton Therapeutics receives authorization from FDA
Former Bulgari chief’s SPAC agrees deal for comparison site Supermoney
Supermoney and Dutch special purpose acquisition company VAM SPAC have signed a binding accord aimed at taking the online price comparison provider public, the companies said on Monday. ...READ MORE
LF Capital Acquisition Corp. II (LFAC) Postpones Extension Vote
LF Capital Acquisition Corp. II (NASDAQ: LFAC) announced this morning that it is postponing its extension meeting from 11 a.m. on June 13 until 5 p.m. on June 26.
In connection with the postponement, LF II also revised its proxy statement which would allow the company to extend its completion date from August 19 to November 19 by increasing the number of one-month extensions from six to nine extensions by depositing the lesser of $200,000 or $0.03 per share of Class A common stock per extension. ...READ MORE
The Latest Non-Redemption Agreements: June 12, 2023
Latest Non-Redemption Agreements: Acropolis Infrastructure
Acropolis Infrastructure Acquisition Corp. (ACRO) Adds Non-Redemption Agreement
On June 9 and June 12, 2023, Acropolis Infrastructure Acquisition Sponsor, L.P., the sponsor of Acropolis Infrastructure Acquisition Corp. ...READ MORE
The Latest Liquidations: June 12, 2023
Latest SPAC Liquidations: G Squared Ascend II
G Squared Ascend II Inc. (GSQB) to Liquidate on June 16
G Squared Ascend II Inc. (NYSE: GSQB) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on June 16, 2023. ...READ MORE
Metals Acquisition Corp. (MTAL) Executes $52M PIPE for CSA Copper Mine Deal
Metals Acquisition Corp. (NYSE:MTAL) has executed further funding for its PIPE in connection to its business combination with Glencore’s (LON:GLEN) CSA Copper Mine, announcing this afternoon that it has secured $52 million in committed financing. ...READ MORE
Swiftmerge Acquisition Corp. (IVCP) Adjourns Extension Vote
Swiftmerge Acquisition Corp. (NASDAQ: IVCP) announced this afternoon that it has adjourned today’s meeting until Thursday, June 15, at 3:00 p.m.
The SPAC’s Chairman determined to postpone the meeting in order to allow for additional voting on the extension proposal which would extend Swiftmerge’s timeline from June 17, 2023 to March 15, 2024. ...READ MORE
CF Acquisition Corp. VII (CFFS) Postpones Extension Vote
CF Acquisition Corp. VII (NASDAQ: CFFS) announced this afternoon that it is postponing its extension meeting, originally scheduled for June 14, until 10 a.m. ET on June 16.
In connection with the postponed meeting, CFFS has also extended the redemption deadline to 5 p.m. ...READ MORE
Inception Growth (IGTA) Signs LOI With AgileAlgo
Inception Growth Acquisition Limited (NASDAQ: IGTA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with AI company AgileAlgo.
Singapore-based AgileAlgo is a maker of enterprise-grade natural language code generator for machine-learning and data management platforms. ...READ MORE
The Latest SPAC News and Rumors: June 12, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: VW, Glencore back $1B SPAC mine deal, Lordstown Motors to sue Foxconn, and Circle to move forward with IPO
VW, Glencore Back $1 Billion SPAC Mine Deal to Secure EV Metals
Russian metal industry veteran Artem Volynets’ blank check firm agreed to acquire two Brazilian mines for $1 billion including debt in a bid to tap demand from electric-vehicle makers. ...READ MORE
The Latest SPAC News and Rumors: June 9, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC rises in wake of Trump’s indictment, Senator Kennedy introduces SPAC Act to protect investors, and Abacus Life appoints new managing director
DWAC rises in wake of Donald Trump’s indictment
Shares of Digital World Acquisition Corp. ...READ MORE
The Latest Liquidations: June 8, 2023
Latest SPAC Liquidations: JAWS Juggernaut Acquisition Corp., Talon 1 Acquisition Corp.
JAWS Juggernaut Acquisition Corporation (JUGG) to Liquidate on June 22
JAWS Juggernaut Acquisition Corporation (Nasdaq: JUGG) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. ...READ MORE
Rice Acquisition Corp. II (RONI) Completes NET Power Deal
Rice II (NYSE: RONI) announced today that it has completed its combination with energy technology company NET Power.
The deal was originally approved by shareholders at a special meeting yesterday with relatively low redemptions. A ...READ MORE
The Latest SPAC News and Rumors: June 8, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: BlackSly and Momentus win contracts, Terran Orbital’s CAPSTONE completes primary mission, and Richard Branson puts himself and Virgin brand on trial
BlackSky and Momentus Win Contracts
Momentus (NASDAQ:MNTS) has won a contract with Apogeo Space to provide in-space transportation for the Italian company’s batch of nine Internet of Things (IoT) picosatellites. ...READ MORE
The Latest Non-Redemption Agreements: June 7, 2023
Latest Non-Redemption Agreements: EVe Mobility and Swiftmerge
EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement
On June 7, EVe Mobility Acquisition Corp. (NYSE:EVE) and the sponsor entered into further non-redemption agreements with additional unaffiliated third party investors pursuant to which the investors have, in connection with the Extension Meeting, agreed not to redeem their Class A Ordinary Shares. The ...READ MORE
The Latest Liquidations: June 7, 2023
Latest SPAC Liquidations: Ahren Acquisition Corp.
Ahren Acquisition Corp. (AHRN) to Liquidate on June 19
Ahren Acquisition Corp. (Nasdaq: AHRN) today announced its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of June 19. ...READ MORE
ROC Energy Acquisition Corp. (ROC) Shareholders Approve Drilling Tools International Deal
ROC Energy Acquisition Corp. (NASDAQ:ROC) announced in an 8-K today that its shareholders have approved its combination with oilfield services company Drilling Tools International (“DTI”) during a special meeting held on June 1. ...READ MORE
The Latest SPAC News and Rumors: June 7, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SMX to create new subsidiary, trueSilver, and enters into exclusive agreement with Sunshine Minting
SMX Extending Metals Business with trueSilver Aiming Both for Fashion Luxury and Bullion Products
SMX (NASDAQ:SMX) is pleased to announce that it is in the process of creating a new subsidiary, trueSilver, and has entered into a 120 day exclusive agreement with Sunshine Minting Inc., ...READ MORE
The Latest SPAC News and Rumors: June 6, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Byju skips payment on dollar loan and HNR affirms intent to purchase equity interests of Pogo Resources
High-Flying Indian Startup Byju’s Skips Payment on Dollar Loan
One of India’s best-known startups has skipped payment on a dollar loan, escalating a conflict with lenders that underscores the company’s mounting distress. ...READ MORE
Avalon Acquisition Inc. (AVAC) Adds FPA to The Beneficient Company Deal
Avalon Acquisition Inc. (NASDAQ:AVAC) announced in an 8-K this morning that it has entered into a prepaid forward purchase agreement with RiverNorth SPAC Arbitrage Fund, the purchaser, as it works to close its combination with financial services firm The Beneficient Company, or Ben. ...READ MORE