AltC (NYSE:ALCC) has entered into a definitive agreement to combine with fission technology firm Oklo at a pre-money equity value of $850 million.
Santa Clara, California-based Oklo is working to develop small-scale nuclear fission plants that could fit on just a two-acre footprint. ...READ MORE
XPAC (NASDAQ:XPAX) announced in an 8-K filing that it has sold much of its sponsor economics and will change both name and management team.
J. Streicher Holdings is to purchase 4,400,283 of XPAC’s promote shares (80.1%) and 4,261,485 private placement warrants (100%) for $250,000 as it takes over as the new sponsor while also footing $25,000 in legal fees. ...READ MORE
Tastemaker Acquisition Corp. (NASDAQ:TMKR) announced in an 8-K this afternoon that adjourned its extension vote this morning and will reopen it at 3 pm ET July 11.
The SPAC has traded below its redemption rate $10.70 in recent weeks and last closed at $10.57. ...READ MORE
Alpha Healthcare III (NASDAQ:ALPA) announced in an 8-K this morning that it has signed a forward purchase agreement (FPA) and a non-redemption agreement to support its combination with biotech firm Carmell. ...READ MORE
Galata Acquisition Corporation (NASDAQ:GLTA) announced this morning that it secured shareholder approval for its combination with e-mobility company Marti at a shareholder vote July 6.
The parties expect to close the transaction July 10 and the combined company’s shares and warrants are set to begin trading on the NYSE American the following day under the symbols “MRT” and “MRTW”, respectively. ...READ MORE
Andretti (NYSE:WNNR) announced this morning that it has signed a non-binding letter-of-intent (LOI) to combine with a generative AI software company.
The SPAC expects this to progress to a definitive combination agreement in this quarter. ...READ MORE
Phoenix Biotech (NASDAQ:PBAX) announced in an 8-K that it has postponed its extension vote from July 5 to 11 am ET July 7.
The SPAC’s existing transaction deadline falls on the following day, July 8, but its extension proposal would allow the Phoenix Biotech to extend this by one month up to six times for $0.03 per share contributions to its trust. ...READ MORE
East Resources (NASDAQ:ERES) announced this morning that it has completed its combination with financial services firm after receiving shareholder approval at a special meeting on June 29.
The parties have not yet released redemption figures, but the SPAC had a minimum cash condition of just $1 million to clear. ...READ MORE
Monterey Innovation (NASDAQ:MTRY) announced that it has adjourned today’s extension vote without conducting any business and will reconvene it at 11 am ET July 3.
The proposal on offer would allow Monterey’s relatively new management to extend the SPAC’s transaction deadline up to nine times by one month each up to April 5, 2024 by contributing $100,000 each month. ...READ MORE
Priveterra (NASDAQ:PMGM) announced this morning what it has been cooking up through seven adjournments of its special meeting to complete its combination with AEON Biopharma – up to $105 million in new funding through a mix of facilities. ...READ MORE
GoGreen Investments (NYSE:GOGN) secured shareholder approval for its combination with battery metals producer Lifezone Metals at a special meeting yesterday June 29.
The SPAC has not yet released redemption figures in connection with the vote, but the transaction’s $50 million minimum cash condition was fully covered by a $70 million PIPE at $10 per share. ...READ MORE
Semper Paratus (NASDAQ:LGST) has entered into a definitive agreement to combine with Tevogen Bio at an enterprise value of $1.2 billion.
Warren, New Jersey-based Tevogen is developing a treatment to boost the immune systems of COVID patients undergoing cancer treatments or that have other comorbidities. ...READ MORE
Bannix Acquisition Corp. (NASDAQ:BNIX) announced in an 8-K this morning that it has entered into a definitive agreement to combine with autonomous vehicle company EVIE.
Staffordshire, UK-based EVIE’s pod-shaped autonomous vehicles have transported about 6.3 million people at London’s Heathrow Airport and logged about 5.5 million kilometers (3.4 million miles) in commercial service. ...READ MORE
Alpha Healthcare III (NASDAQ:ALPA) announced this morning that it has signed a non-binding LOI for its combination Carmell Therapeutics to acquire an unnamed commercial-stage biotech firm for about $65 million.
The consideration would come in the form of $8 million in cash and $57 million in combined Carmell stock at close plus $75 million in potential milestone payments paid out along the same split (12% cash and 88% shares). ...READ MORE
TKB Critical Technologies 1 (NASDAQ:USCT) announced a series of moves this morning that include terminating their combination with Wejo (OTC:WEJOQ), selling sponsor economics and postponing today’s extension meeting to 11:30 am ET June 28. ...READ MORE
GSR II Meteora (NASDAQ:GSRM) announced this morning that it has added $50 million in funding to its combination with Bitcoin Depot through a mix of PIPE and non-redemption agreements.
PIPE investors have agreed to purchase 4,300,000 Series A Preferred shares, which will rank senior to common stock with regards to dividends and distributions but will not hold voting rights. ...READ MORE
