ACE Convergence (ACEV) Secures $100M for Tempo Automation Deal
ACE Convergence Acquisition Corp. (NASDAQ:ACEV) announced that it has secured up to $100 million in committed equity financing for its combination with electronics manufacturer Tempo Automation.
The new money comes from an affiliate of Cantor Fitzgerald, and will purchase up to an aggregate of $100 million of Tempo’s common stock from time to time post-merger. ...READ MORE
The Latest SPAC News and Rumors: March 17, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Vacasa forecasts slower growth, and Boxed Q4 results show rise in online grocery adoption
Vacasa, After A Banner Year, Forecasts Much Slower Growth
Vacation rental giant Vacasa (NASDAQ:VCSA) expects to top $1 billion in revenue for the first time this year, but the Portland company said Wednesday that growth will be much slower than in the recent past. ...READ MORE
Goldenstone Acquisition Limited (GDSTU) Prices $50M IPO
Goldenstone Acquisition Limited announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GDSTU” Thursday, March 17.
The new SPAC intends to acquire a growth-oriented business with an enterprise value between $150 million and $500 million although, they will not undertake an initial business combination with any entity headquartered in, or conducts the majority of its business in China (including Hong Kong and Macau). ...READ MORE
The Latest SPAC News and Rumors: March 16, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Neuberger Berman raises $1.95B to co-sponsor SPACs, Eve signs LOI with Global Crossing Airlines, and Rubicon enters into three year partnership with city of Houston
Neuberger Berman Raises $1.95 Billion to Co-Sponsor SPACs
Asset manager Neuberger Berman has collected $1.95 billion for a debut fund to sponsor SPACs alongside CC Capital Partners, a private investment firm formed and led by ex- Blackstone Inc. ...READ MORE
Bridgetown 2 Holdings Limited (BTNB) Shareholders Approve PropertyGuru Deal
Bridgetown 2 Holdings Limited (NASDAQ:BTNB) announced this morning that its shareholders have voted to approve its combination with Asian proptech firm PropertyGuru.
Redemptions removed about $177.4 million from the transaction, but this nonetheless counts as a victory for both the SPAC and the transaction in the current market. ...READ MORE
Motive Capital Corp. (MOTV) Shareholders Approve Forge Global Deal
Motive Capital Corp. (NYSE:MOTV) announced this afternoon that its shareholders have voted to approve its combination with investment marketplace Forge Global, Inc.
Approximately 93.98% of the votes cast at today’s special meeting voted to approve the business combination with Forge. ...READ MORE
Zanite Acquisition Corp. (ZNTE) Adds $2.3M to PIPE for Eve Deal
Zanite (NASDAQ:ZNTE) announced this afternoon in an 8-K that it has added $2.3 million to the PIPE for its combination with electric vertical take-off and landing vehicle (eVTOL) manufacturer Eve.
On March 9, the SPAC entered into a subscription agreement with an additional “strategic investor” that subscribed for an aggregate of 230,000 shares of common stock for $2.3 million. ...READ MORE
The Latest SPAC News and Rumors: March 15, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hong Kong’s first SPAC aims for $1B, Joby nears completion of air carrier certification, and Terran Orbital awarded Lockheed Martin contract
Hong Kong’s First SPAC Aquila Aiming for $1B
Aquila Acquisition (7836), Hong Kong’s first SPAC, is aiming to raise about HK$1 billion after setting its offering price at HK$1.05 million per board lot. ...READ MORE
The Latest SPAC News and Rumors: March 14, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Electric Last Mile discloses SEC probe, Ginkgo Bioworks acquires FGen AG, and Astra announces multi-launch contract and first launch with Spaceflight Inc.
...READ MORE
The Latest SPAC News and Rumors: March 11, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Byju’s founder in $800M funding round with BlackRock, Wag!
...READ MORE
Nubia Brand International Corp. (NUBIU) Prices Upsized $110M IPO
Nubia Brand International Corp. announced the pricing of its upsized $110 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NUBIU” Friday, March 11. ...READ MORE
B. Riley Principal 150 Merger Corp. (BRPM) and FaZe Clan Waive Minimum Cash
B. Riley Principal 150 Merger Corp. (NASDAQ:BRPM) announced this afternoon that it has amended its merger agreement, waived the minimum cash condition, and entered into a bridge loan agreement in connection to its proposed merger with digital content platform FaZe Clan. ...READ MORE
The Latest SPAC News and Rumors: March 10, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Satellogic announces launch of new satellites, crypto exchange Bullish eyes debut amid regulatory delays, and China bars mainland brokers from promoting SPACs
Satellogic Announces Upcoming Launch of Five New Satellites Onboard SpaceX Transporter-4 Mission
Satellogic Inc. ...READ MORE
MedTech (MTAC) Terminates Memic Deal Ahead of Completion Vote
MedTech (NASDAQ:MTAC) terminated its combination with surgical technology company Memic this morning after adjourning it’s scheduled meeting to complete yesterday to this morning at 11AM.
Yesterday’s meeting received sufficient turnout and affirmative votes, but adjourned without finalizing any business. ...READ MORE
Patria Latin American Opportunity Acquisition Corp. (PLAOU) Prices $200M IPO
Patria Latin American Opportunity announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PLAOU” Thursday, March 10.
The new SPAC intends to focus its search in Latin America and in sectors where Patria has developed investment expertise, including but not limited to healthcare, food and beverage, logistics, agribusiness, education, and financial services. ...READ MORE
FirstMark Horizon (FMAC) Arranges Non-Redemption Agreement for Starry Deal
FirstMark Horizon Acquisition Corp. (NYSE:FMAC) announced this afternoon that it entered into a Non-Redemption Agreement alongside certain accredited investors and Starry Group Holdings.
According to the Non-Redemption Agreement, certain investors of FirstMark agreed not to redeem their shares, representing 2,398,613 shares in the aggregate, at the Starry completion vote scheduled for Wednesday, March 16. ...READ MORE
The Latest SPAC News and Rumors: March 9, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Games Global in talks with Tailwind International SPAC, AST SpaceMobile sings multi-launch agreement with SpaceX, and Eni and Livestream raise $230M in Green SPAC listing in London
Games Global in Talks With Tailwind International SPAC
Games Global is in talks to go public through a merger with a SPAC, according to Bloomberg. ...READ MORE
Lakeshore Acquisition II Corp. (LBBBU) Prices $60M IPO
Lakeshore Acquisition II Corp. announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LBBBU” Wednesday, March 9.
The new SPAC’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region with the exception of a company that is headquartered in China, Hong Kong, or Macau. ...READ MORE
Spartan Acquisition Corp. III (SPAQ) Shareholders Approve Allego Deal
Spartan Acquisition Corp. III (NYSE:SPAQ) announced this afternoon that its shareholders have voted to approve its combination with Dutch electric vehicle (EV) charging company Allego.
The press release did not disclose much information on redemptions, but SPAQ has been trading above its trust value of $10 since the redemption deadline March 4. ...READ MORE