Quantum FinTech Acquisition Corp (QFTA) to Combine with AtlasClear
Quantum FinTech (NYSE:QFTA) has entered into a definitive agreement to acquire AtlasClear, which is itself combining with correspondent clearing broker-dealer Wilson Davis & Co. and acquiring Commercial Bancorp of Wyoming.
The combined company is expected to trade on the NYSE under the symbol “ATCL” once the deal is completed in the second or third quarter of 2023. ...READ MORE
OceanTech Acquisitions I Corp. (OTEC) to Combine with Majic Wheels in $333M Deal
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Tuscan Holdings Corp. II (THCA) Terminates Deal with Surf Air Mobility
Tuscan Holdings Corp. II (NASDAQ:THCA) announced this morning that it has mutually agreed to terminate its combination with regional air travel company Surf Air Mobility.
The press release included little other information, but an 8-K filing notes that should Surf later complete a direct listing, IPO, private sale or further SPAC transaction between now and November 14, 2025, it will issue 600,000 shares to Tuscan II and as well as either 35,000 shares or $700,000 as a termination fee. ...READ MORE
G&P Acquisition Corp. (GAPA) to Liquidate Trust
G&P Acquisition Corp. (NYSE:GAPA) announced this morning that it will liquidate its trust and be redeeming all shares effective as of November 30.
As such, today is to be the SPAC’s final trading day. ...READ MORE
Where Are They Now? – DraftKings
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributors Anthony Sozzi and Sam Beattie. ...READ MORE
Digital World (DWAC) Adjourns Extension Vote Sixth Time to November 22
Digital World (NASDAQ:DWAC) has postponed its shareholder vote to extend its transaction deadline for a sixth time, this time to November 22.
Although the SPAC has not yet formally announced the move, Bloomberg reported that it was explained during Digital World’s special meeting earlier this morning. ...READ MORE
Flame Acquisition Corp. (FLME) to Combine with Sable Offshore in $883M Deal
Flame Acquisition Corp. (NYSE:FLME) has entered into a definitive agreement to combine with energy company Sable Offshore at an enterprise value of $883 million.
Sable Offshore is set to purchase the Santa Ynez Unit (SYU) offshore oil field and its associated onshore facilities off the coast of California. ...READ MORE
Top 3 SPAC Targets – Southeast Asia
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in South and Southeast Asia. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Ignyte Acquisition Corp. (IGNY) Shareholders Approve Peak Bio Deal
Ignyte Acquisition Corp. (NASDAQ:IGNY) announced this morning that its shareholders approved its combination with biopharmaceutical firm Peak Bio at a special meeting on October 25.
The press release did not divulge redemption figures, but noted that the vote received roughly 75% turnout and 75% approval. ...READ MORE