Where Are They Now? – Utz Brands
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 contributor Anthony Sozzi. ...READ MORE
Fat Projects (FATP) and Jack Creek Investment Corp. (JCIC) Postpone Extension Votes
Fat Projects (NASDAQ:FATP) and Jack Creek (NASDAQ:JCIC) each announced this morning that they were postponing their upcoming extension votes.
Jack Creek is moving its vote originally scheduled for today, January 12, at 10 am ET to the same time January 24. ...READ MORE
RMG Acquisition Corporation III (RMGC) Adjourns Extension Vote
RMG Acquisition Corporation III (NASDAQ:RMGC) announced this morning that it adjourned its special meeting to extend its transaction deadline to 10 am ET January 11.
The SPAC’s record date remains November 22 and the ballot is to be the same, but the move may give investors more time to consider the the LOI that RMG III announced with hydrogen technology company H2B2 four days ago. ...READ MORE
Paya (PAYA) to Be Acquired by Nuvei for $9.75 Per Share
Paya (NASDAQ:PAYA), which completed a combination with FinTech III in October 2020, announced this morning that it has agreed to be acquired by its Canadian peer Nuvei (TSX:NVEI) in an all-cash transaction at $9.75 per share. ...READ MORE
Broad Capital Acquisition Corp (BRAC) Postpones Extension Vote to Jan. 13
Broad Capital Acquisition Corp. (NASDAQ:BRAC) announced this morning that it is bumping its shareholder vote from January 9 to 10:30 am ET, January 10.
The special meeting will seek approval for the SPAC to extend its transaction deadline from January 13 to October 13 in exchange for a $0.0625 per share monthly contribution to the trust over this period. ...READ MORE
Jack Creek (JCIC) Bumps Extension Vote to Jan. 12
Jack Creek Investment Corp (NASDAQ:JCIC) announced this morning that it is pushing out its shareholder vote scheduled for January 10, to 10:30 am ET January 12.
This means that the SPAC’s new redemption deadline is to be 5 pm ET, January 10. ...READ MORE
Kernel Group Holdings (KRNL) Sells Sponsor Economics
Kernel Group Holdings (NASDAQ:BIOT) announced in an 8-K that it has agreed to sell most of its sponsor economics and undergo a management change.
VKSS Capital is coming in to purchase 7,187,500 of the sponsor’s promote shares (94.3%) at par value $0.0001 per share, leaving the original sponsor 431,250 remaining. ...READ MORE
Northern Star II (NSTB) and Pivotal Investment III (PICC) Ink Non-Redemption Agreements
Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) both announced in morning filings that they have signed non-redemption agreements with shareholders in connection with their extension votes. ...READ MORE
Mount Rainier Acquisition Corp. (RNER) Postpones HUB Security Completion Vote
Mount Rainier Acquisition Corp (NASDAQ:RNER) announced in an 8-K this morning that it is pushing its vote to complete its combination with HUB Cyber Security that was originally scheduled for December 30. ...READ MORE
LightJump Acquisition Corp. (LJAQ) Shareholders Approve Moolec Deal
LightJump Acquisition Corp. (NASDAQ:LJAQ) announced this morning that its shareholders approved its combination with molecular food producer Moolec at a special meeting yesterday.
Although about 92% of shares voted in favor of the transaction, 2,716,176 also opted to redeem and leaves it temporarily with a public float of 51,034 shares. ...READ MORE
