The Latest SPAC News and Rumors: May 11, 2022

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

Latest SPAC News: French media group Banijay to go public via Arnault-backed SPAC, Gensler says SPAC retreat shows concern about risk, and Gogoro to launch in Israel

French TV Producer Banijay to Go Public Via Arnault-Backed SPAC

French media group Banijay will go public through a merger with a blank-check acquisition firm backed by billionaire Bernard Arnault in a deal worth more than 4 billion euros ($4.21 billion), an executive at its parent company said on Tuesday. ...READ MORE

Lionheart II (LCAP) Declares New Warrants as Form of Dividend

Lionheart II (NASDAQ:LCAP) as part of their business combination with MSP Recovery, announced this afternoon that it had declared their dividend in the form of 1,029,000,000 new warrants at $11.50 per share to non-redeeming shareholders. ...READ MORE

The Latest SPAC News and Rumors: May 10, 2022

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

Latest SPAC News: Goldman Sachs and BofA scale back on SPACs, and American Express Global Business Travel announces first quarter earnings date

Goldman Sachs and Other Big Banks Hit SPAC Pause Button as Market Shifts and New Regulations Loom

Goldman Sachs Group Inc. ...READ MORE

Artisan Acquisition Corp. (ARTA) Shareholders Approve Prenetics Deal

Artisan (NASDAQ:ARTA) announced this afternoon that its shareholders have voted to approve its combination with genomic and diagnostic testing company Prenetics Group Limited in a special meeting held yesterday.

Although today’s 8-K filing did not disclose redemption numbers, ARTA traded above its trust value throughout its redemption deadline May 5, and saw a high of $10.10 yesterday. ...READ MORE

Biotech Acquisition Company (BIOT) Secures $75M for Blade Therapeutics Deal

Biotech Acquisition Company (NASDAQ:BIOT) has entered into a Common Stock Purchase Agreement with CF Principal Investments LLC, an affiliate of Cantor Fitzgerald, for $75 million in relation to its combination with drug developer Blade Therapeutics. ...READ MORE

Duddell Street (DSAC) Secures $250M for FiscalNote Deal

Duddell Street Acquisition Corp. (NASDAQ:DSAC) has secured up to $250 million in senior debt financing as well as a bonus pool for non-redeeming shareholders for its combination with legal and regulatory data provider FiscalNote. ...READ MORE

The Latest SPAC News and Rumors: May 9, 2022

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

Latest SPAC News: Europe launches first SPAC focused on biotech, CFA Institute calls for tougher SPAC disclosures, and UAE launches first SPAC

Europe Launches First SPAC Focused on Production of Complex Drugs

Europe’s first blank check company focused on acquiring companies that make medicines for the biotech and pharmaceutical industry launched on Monday, with plans to raise 150 million euros. ...READ MORE

Zanite Acquisition Corp. (ZNTE) Shareholders Approve Eve Deal

Zanite (NASDAQ:ZNTE) announced this afternoon that its shareholders have voted to approve its combination with urban air mobility firm Eve in a special meeting held today.

A total of 21,087,868 shares were redeemed in connection with today’s special meeting, removing 91.686% of Zanite’s trust. ...READ MORE

The Latest SPAC News and Rumors: May 6, 2022

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

Latest SPAC News: Transfix reports record first quarter results, Blockchain Coinvestors launches $200M fund, and Offerpad announces earnings

Transfix Reports Record First Quarter 2022 Results

Transfix, Inc., ...READ MORE

The Latest SPAC News and Rumors: May 5, 2022

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

Latest SPAC News: Wallbox commits to net zero greenhouse gas emissions goal, Redbox spikes amid retail trader interest, and Nukkleus rebrands as blockchain and digital payments company

Wallbox Commits to Company-Wide Net Zero Greenhouse Gas Emissions Goal by 2030

Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its goal to achieve Net Zero greenhouse gas (GHG) emissions across its global footprint by 2030. ...READ MORE

The Latest SPAC News and Rumors: May 4, 2022

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

Latest SPAC News: NuScale gains after completing merger, and Giga Carbon Neutrality initiates discussions on merger with SPAC

Nuclear-Tech Firm NuScale Gains After Completing SPAC Merger

NuScale Power Corp.(NYSE:SMR), ...READ MORE

Goldenbridge Acquisition Limited (GBRG) Terminates AgiiPlus Deal

Goldenbridge Acquisition Limited (NASDAQ:GBRG) has mutually terminated its combination agreement with solutions provider AgiiPlus.

The press release did not cite a reason for the breakup, but similar to several deals in the first half of 2022, the unfavorable market conditions are likely to be a factor. ...READ MORE