The Latest SPAC News and Rumors: July 1, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: eToro to abandon Fintech V deal, NYSE pitches US listings to Middle Eastern tech firms, and experts say lack of education threatens future of SPACs in UAE

Israel eToro to abandon deal to go public via SPAC merger

Online brokerage eToro and Betsy Cohen-backed blank-check firm FinTech Acquisition Corp V (NASDAQ:FTCV) are planning to let the Thursday deadline for their merger pass without closing the deal, The Information reported, citing a person familiar with the matter. ...READ MORE

Energy Vault (NRGV) Announces Redemption of Warrants

Energy Vault (NYSE: NRGV) announced this morning that it will be redeeming its outstanding warrants for shares.

Warrantholders have until 5 pm EST on Monday, August 1 to exercise their warrants and any warrants that remain unexercised immediately after the deadline will be void and no longer exercisable. ...READ MORE

G3 VRM Acquisition Corp. (GGGVU) to Liquidate Trust

G3 VRM Acquisition Corp. (NASDAQ:GGGVU) announced this morning that it will dissolve and liquidate its trust.

Following the close of business on July 6, public shares will be cancelled and will represent only the right to receive the redemption amount of $10.15, at which time the G3 VRM anticipates that its securities will cease trading on The Nasdaq. ...READ MORE

North Atlantic (NAAC) Terminates TeleSign Deal

North Atlantic (NASDAQ:NAAC) announced this afternoon that it has mutually terminated its combination agreement with communications platform Telesign, effective immediately.

Similar to a handful of other SPACs we’ve seen, North Atlantic cited current market conditions as the root of the termination. ...READ MORE

BurTech (BRKH) & Chavant Capital (CLAY) Announce Non-Binding LOIs

BurTech Acquisition Corp. (NASDAQ:BRKHU) and Chavant Capital (NASDAQ:CLAYU) both announced this afternoon that they have signed non-binding letters of intent ahead of the long weekend.

BurTech’s 8-K referenced a Bloomberg news article that was published earlier this week which disclosed its non-binding LOI with Indian digital entertainment and technology company JetSynthesys. ...READ MORE

Isleworth Healthcare (ISLE) Terminates Cytovia Deal

Isleworth (NASDAQ:ISLE) announced this afternoon that it has mutually terminated its combination agreement with biopharmaceutical company Cytovia.

Although the press release was short on details, it is likely the parties decided to terminate for the same reason a number of other SPACs recently have, which pertains to the headwinds in the SPAC market as well as general market volatility. ...READ MORE

The Latest SPAC News and Rumors: June 30, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Enjoy Technology files for bankruptcy, D-Orbit signs launch and deployment contract with Kepler Communications and Bird CEO steps down as president 

SPAC Led by Former Apple Executive Goes Bankrupt Less Than a Year After Going Public

Enjoy Technology Inc. ...READ MORE

Far Peak (FPAC) Extends Outside Date & Terminates PIPE

Far Peak (NYSE:FPAC) announced this afternoon that it has extended its Outside Date to complete its business combination with cryptocurrency exchange Bullish to December 31, 2022. However, it was also noted in the press release that the PIPE investors, which were contributing $300 million, will terminate on the current Outside Date of July 8, 2022. ...READ MORE

The Latest SPAC News and Rumors: June 29, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SPAC listings nudge Singapore IPO market to busiest in years, Wall Street banks pull back from Middle East SPACs on SEC clampdown, and Germany aims to make SPACs more attractive

SPAC listings nudge Singapore IPO market to busiest H1 in 5 years

The 3 recently listed SPACs have generated “strong interest” and raised a total of IPO proceeds of about S$528 million, leading Singapore’s IPO market to its busiest half year in five years, according to a PwC Singapore report released on Tuesday (Jun 28). ...READ MORE

Agrico (RICO) Shareholders Approve Kalera Deal

Agrico Acquisition Corp.  (NASDAQ:RICO) announced that its shareholders have voted to approve its combination with indoor farming company Kalera (OL:KAL) in a special meeting held yesterday.

The approval comes as no surprise as the SPAC announced a preliminary shareholder approval on Friday afternoon. ...READ MORE

The Latest SPAC News and Rumors: June 28, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: India’s JetSynthesys in talks to merge with BurTech, Rumble partners with RSBN, and ProSomnus opens new global HQ

India’s JetSynthesys Is Said in Talks to Merge With BurTech SPAC

JetSynthesys, an Indian digital entertainment and technology company, is in talks to go public through a merger with blank-check firm BurTech Acquisition Corp. ...READ MORE

Northern Lights (NLIT) Extends 3-Months Ahead of Safe Harbor Vote

Northern Lights (NASDAQ:NLIT) announced in an 8-K this morning that it had received redemption requests for all but about 83,795 of its shares ahead of its completion, but its backstops have purchased 4,435,608 shares from would-be redeemers that will now stay with the company. ...READ MORE

The Latest SPAC News and Rumors: June 27, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Trump-tied DWAC tumbles following grand jury subpoena and car charging start-up EO opts for private funding

Trump-Tied SPAC Tumbles After Disclosing Grand Jury Subpoena 

Digital World Acquisition Corp. ...READ MORE

The Latest SPAC News and Rumors: June 24, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Polestar soars in first day of trading, and InfiniteWorld receives recognition for marketplace creation

EV Newcomer Polestar’s Stock Soars in First Day of Trading

The merger between the special-purpose acquisition company Gores Guggenheim and the electric vehiclemaker Polestar (NASDAQ:PSNY) born from Volvo is done. ...READ MORE

Agrico (RICO) Announces Preliminary Shareholder Approval

Agrico (NASDAQ:RICO) announced this afternoon that it expects to receive shareholder approval at its special meeting set to vote on its combination with indoor farming company Kalera (OL:KAL) on Monday.

Approximately 71.68% of the total number of shares and votes in the company, have essentially voted 100% in favor of the approval of the proposed business combination transaction. ...READ MORE

DPCM Capital (XPOA) Amends D-Wave Deal

DPCM Capital (NYSE:XPOA) announced this afternoon that it has secured a purchase agreement, reduced its transaction expenses and waived the closing cash condition in connection to its proposed merger with quantum computing firm D-Wave. ...READ MORE