Omnichannel Acquisition Corp. (OCA) and Kin Insurance Mutually Terminate Deal

Omnichannel Acquisition Corp. (NYSE:OCA) and direct-to-consumer homeowners insurance technology company Kin Insurance announced this afternoon that they have opted to mutually terminate their business combination agreement.

The SPAC cited unfavorable market conditions in its press release on the termination, but will turn back to the work of meeting with targets who can benefit from their team of consumer founders and operators.

The Latest SPAC News and Rumors: January 26, 2022

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

Latest SPAC News: Okada Manila delivers 4Q results, exceeds EBITDA projections by 122%, and UAE approves first SPAC framework for GCC region

Okada Manila Delivers Exceptional Fourth Quarter and 2021 Results, Exceeding EBITDA Projections by 122%

26 Capital Acquisition Corp.

Sports Entertainment Acquisition Corp. (SEAH) Shareholders Approve Super Group Deal

Sports Entertainment (NYSE:SEAH) announced in a press release that its shareholders have approved its combination with online sports betting company Super Group in a special meeting held this morning.

The transaction is expected to generate approximately $202.4 million from SEAH trust proceeds, reflecting approximately 55% of the publicly held shares that were submitted for redemption.

CF Acquisition Corp. V (CFV) Shareholders Approve Satellogic Deal

CF Acquisition Corp. V (NASDAQ:CFV) announced in a press release today that its shareholders have approved its combination with orbital imagery company Satellogic in a special meeting held yesterday.

CFV disclosed in an 8-K filing that holders of 23,143,646 shares elected to redeem in connection with the business combination, removing 92.575% of CFV’s trust.

Yellowstone (YSAC) Shareholders Approve Sky Harbour Deal

Yellowstone Acquisition Company (NASDAQ:YSAC) announced that its shareholders have approved its combination with airport hanger manager Sky Harbour in a special meeting held earlier today.

An aggregate of 12,061,401 shares of Yellowstone’s common stock were presented for redemption, removing 88.694% of YSAC’s trust.

The Latest SPAC News and Rumors: January 25, 2022

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

Latest SPAC News: SoundHound and Qualcomm announce strategic agreement, MSP Recovery’s portfolio of assigned claims grows by 440%, and Pagaya and Visa announce partnership

SoundHound Inc.

Venus Acquisition Corp. (VENA) Adds $15M Backstop to VIYI Algorithm Deal

Venus (NASDAQ:VENA) announced this afternoon that it is has terminated its original backstop, and added a new backstop agreement to its combination with VIYI Algorithm.

The SPAC initially entered into a backstop agreement up to $10 million with Ever Abundant Investments Limited when it announced its $400 million deal on June 10.

The Latest SPAC News and Rumors: January 24, 2022

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

Latest SPAC News: Wynn Resorts looks to sell sports betting business, and UAE approves regulatory framework for SPACs 

Wynn Resorts Looks to Sell Online Sports Betting Biz at Steep Discount

Wynn Resorts (NASDAQ:WYNN) is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers, according to The Post.

The Latest SPAC News and Rumors: January 21, 2022

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

Latest SPAC News: KKR SPAC mulls $14B deal for PetSmart, ex-Daimler boss tapped for new Kensington auto-focused SPAC, and Singapore’s first SPACs off to timid start

KKR SPAC Said to Mull Deal for PetSmart at $14 Billion Value

PetSmart (NASDAQ:PETM) is in talks to go public through a blank-check company backed by private equity firm KKR & Co.,

Vistas Media Acquisition Company (VMAC) Shareholders Approve Anghami Deal

Vistas Media Acquisition Company (NASDAQ:VMAC) announced in a press release today that its shareholders have approved its combination with streaming service Anghami in a special meeting held yesterday.

VMAC saw 9,757,033 shares redeemed, representing 97.57% of pubic shareholders, leaving just 242,967 public SPAC shares post-vote.

Trebia (TREB) Shareholders Approve System1 Deal

Trebia Acquisition Corp. (NYSE:TREB) announced that its shareholders approved its combination with marketing platform System1 and Protected.net in a special meeting held earlier today.

Although the press release did not disclose redemption amounts, TREB traded below $10 throughout its redemption deadline January 18, and opened today at $8.23. 

The Latest SPAC News and Rumors: January 20, 2022

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

Latest SPAC News: Temasek unit-backed SPAC rises in Singapore trading debut, and Tokyo bourse chief says SPACs possible in Japan

Temasek Unit-Backed SPAC Rises 1% in Singapore Trading Debut

The first blank-check company to debut in Singapore climbed 1% in its first day of trading after an offering that attracted strong demand from retail and institutional investors.

Power & Digital Infrastructure (XPDI) Shareholders Approve Core Scientific Deal

Power & Digital Infrastructure Acquisition Corp. (NASDAQ:XPDI) announced that its shareholders approved its combination with blockchain hosting and crypto mining firm Core Scientific in a special meeting held yesterday.

Redemptions totaled 36% of XPDI’s common shares eligible to redeem, which is a very good result in the current SPAC market.