The Latest Liquidations: December 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Mission Advancement Acquisition Corp., and Clarim Acquisition Corp.
Mission Advancement Acquisition Corp.
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BYTE Acquisition Corp. (BYTS) Postpones Extension Vote
BYTE Acquisition Corp. (NYSE:BYTS) announced this afternoon that its special meeting to extend its deadline, originally scheduled for Tuesday, December 20, 2022, has been postponed.
The SPAC has not yet disclosed the new date for the meeting, but it is expected to be announced at a later date. ...READ MORE
D and Z Media Acquisition Corp. (DNZ) Adjourns Extension Vote
D and Z Media Acquisition Corp. (NYSE:DNZ) announced this afternoon that its special meeting, originally scheduled for 12:00 p.m. today, was convened and then adjourned, without conducting any business, to 1:30 p.m. ...READ MORE
The Latest SPAC News and Rumors: December 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Buzzfeed cuts 12% of staff, and ASIG plans to expand through acquisition upon completion of SPAC
BuzzFeed cuts 12% of staff citing worsening econ conditions
Digital media company BuzzFeed (NASDAQ:BZFD) is cutting 12% of its workforce, citing worsening economic conditions. ...READ MORE
Phoenix Biotech Acquisition Corp. (PBAX) Terminates Deal with Intrinsic Medicine
Phoenix Biotech Acquisition Corp. (NASDAQ:PBAX) announced this morning that it has mutually agreed to terminate its combination with therapeutics company Intrinsic Medicine.
Similar to other SPACs, Phoenix Biotech disclosed that the two parties have decided to nix the deal due to the result of weakened markets. ...READ MORE
The Latest Liquidations: December 6, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Broadscale, Revolution Healthcare, Research Alliance II, and Kairos
Broadscale Acquisition Corp.
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The Latest SPAC News and Rumors: December 6, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Portugal real estate developer Vic Properties in merger talks with BurTech
Caner-Led Aggregate Is Said to Discuss Vic Properties SPAC Deal
Aggregate Holdings SA is in talks to take its Portuguese unit Vic Properties public in a merger with BurTech Acquisition Corp.(NASDAQ:BRKH), ...READ MORE
Senior Connect Acquisition Corp. I (SNRH) Signs LOI with Avellino Lab
Senior Connect Acquisition Corp. I (NASDAQ:SNRH) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with precision medicine company Avellino Lab USA, Inc.
Under the terms of the LOI, the parties would become a combined entity, with Avellino’s existing equityholders exchanging their shares in Avellino for equity in the combined company. ...READ MORE
The Latest SPAC News and Rumors: December 5, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Singapore’s Carousell Group cuts 10% of total headcount, and Graphjet Technology becomes first Malaysian company to join World Economic Forum
Singapore’s Carousell Group cuts 10% of total headcount, Co-Founder says ‘deeply sorry’
Singapore-headquartered recommerce group Carousell announced the group is cutting 110 roles or about 10 percent of the company’s total headcount. ...READ MORE
Gores Holdings VIII, Inc. (GIIX) Terminates Deal with Footprint
Gores VIII (NASDAQ:GIIX) announced this morning that it has mutually agreed to terminate its combination with sustainable materials company Footprint.
The SPAC disclosed that the two parties have decided to part ways due to the result of current unfavorable conditions in the public markets. ...READ MORE
Concord Acquisition Corp. (CND) and Circle Mutually Terminate Deal
Concord Acquisition Corp. (NYSE:CND) announced this morning that it has mutually agreed to terminate its combination with cryptocurrency payments platform Circle.
Concord now has just a few days remaining on its clock to complete a business combination with a deadline of December 10, 2022. ...READ MORE
The Latest Liquidations: December 2, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: NightDragon, VectoIQ II, and Fortistar Sustainable Solutions Corp.
Night Dragon Acquisition Corp.
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Lakeshore Acquisition I Corp. (LAAA) Shareholders Approve ProSomnus Deal
Lakeshore Acquisition I Corp. (NASDAQ:LAAA) disclosed this afternoon that its shareholders have approved its business combination with medical device company ProSomnus during a special meeting held earlier today.
Approximately 92.4% of the votes cast at the meeting on the business combination proposal, representing approximately 80.5% of Lakeshore’s outstanding shares, voted to approve the deal. ...READ MORE
The Latest SPAC News and Rumors: December 2, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Embark director Elaine Chao and others sued over SPAC merger, Alvotech switches CEO and takes COO from Teva, and Uber Freight and Aurora expand pilot
Embark Director Elaine Chao, Others Sued Over SPAC Merger
A special acquisition company misclassified some of its shares to buy Embark Technology Inc.
The Latest Liquidations: December 1, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Atlas Crest Investment II and One Equity Partners Open Water I
Atlas Crest Investment Corp.
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Altimeter Growth Corp. 2 (AGCB) to Liquidate
Altimeter Growth Corp. 2 (NYSE: AGCB) announced this afternoon that it has decided to liquidate its trust due to its inability to complete a business combination.
As part of the liquidation, the company now plans on redeeming all of the outstanding shares of Class A common stock that were included in its IPO at a per-share redemption price of approximately $10.11. ...READ MORE
DTRT Health Acquisition Corp. (DTRT) Adjourns Extension Vote
DTRT Health Acquisition Corp. (NASDAQ:DTRT) announced this afternoon that it convened and then adjourned today’s special meeting, without conducting any other business.
The SPAC disclosed that it has adjourned the meeting in order to provide additional time to effectuate the extension timeline for its proposed merger with Consumer Direct. ...READ MORE