Lakeshore Acquisition II Corp. (LBBB) to Combine with Nature’s Miracle in $265M Deal
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Abri SPAC I, Inc (ASPA) to Combine with DLQ in $114M Deal
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Global Business Travel Group (GBTG) Launches Warrant Exchange Offer
American Express Global Business Travel Group (NYSE:GBTG) announced this morning that it has launched an exchange offer for all outstanding warrants.
Holders of the company’s 27,226,933 public warrants and 12,224,134 private placement warrants stand to receive 0.275 shares per warrant in the exchange. ...READ MORE
Aesther Healthcare (AEHA) Announces $75M Share Purchase Agreement for Ocean Biomedical Deal
Aesther Healthcare (NASDAQ:AEHA) announced this morning that it has inked a common stock purchase agreement with White Lion Capital that will provide up to $75 million to its combination target Ocean Biomedical. ...READ MORE
Minority Equality Opportunities (MEOA) to Combine with Digerati in $145M Deal
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Gores Holdings VIII (GIIX) Re-Strikes Footprint Deal
Gores VIII (NASDAQ:GIIX) announced this morning that it has amended its deal with sustainable materials-maker Footprint, bringing in new capital and lowering the target’s valuation.
The parties agreed to lower Footprint’s enterprise value by 37.5% to $1 billion from $1.6 billion while adding a standby equity facility worth up to $300 million and a $280 million facility designated for equipment purchases through 2023. ...READ MORE
Aesther Healthcare (AEHA) to Combine with Ocean Biomedical in $345M Deal
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Aurora Acquisition Corp. (AURC) Revises Better Deal Again
Aurora (NASDAQ:AURC) announced its fourth tweak to its combination with homebuying marketplace Better, which includes an extension of the deal’s outside date to March 8, 2023.
Better must also cover up to $15 million in expenses for Aurora, half of which must be delivered within five days of this agreement, and the remainder in two $3.75 million tranches on January 2 and March 8. ...READ MORE
Cohn Robbins Holdings (CRHC) Secures $260M Backstop for Allwyn Deal
Cohn Robbins (NASDAQ:CRHC) announced that it has secured a $260 million backstop for its combination with Swiss lottery operator Allwyn.
European investment group PPF has agreed to buy up to 26,000,000 shares at $10 per share as needed, adding to 4,000,000 it already owns. ...READ MORE
African Gold Acquisition Corporation (AGAC) Discloses Improper Withdrawals of Funds
African Gold (NYSE:AGAC) disclosed in an 8-K over the weekend that its management recently detected improper withdrawals from the company’s bank accounts and CFO Cooper Morgenthau has been terminated as a result. ...READ MORE
REE Automotive (REE) Calls All Outstanding Warrants
REE Automotive (NASDAQ:REE) has commenced an exchange offer to convert all outstanding warrants for 0.20 class A ordinary shares.
At REE’s last closing price of $1.34, this equates to $0.268 in value per warrant, although the company’s shares have since dipped in the pre-market on the news. ...READ MORE
Top 3 SPAC Targets – B2B SaaS Players
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among B2B SaaS players that are hitting their inflection points. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Endurance Acquisition Corp. (EDNC) Lowers Satixfy Valuation in Re-Strike
Endurance Acquisition Corp. (NASDAQ:EDNC) announced in an 8-K filing this morning that it has made a pair of amendments to its combination with satellite hardware-maker Satixfy, lowering its valuation and introducing sponsor concessions. ...READ MORE
Software Acquisition Group III (SWAG) Shareholders Approve Nogin Deal
Software Acquisition Group III (NASDAQ:SWAG) announced that its shareholders approved its combination with software firm Nogin at a special meeting yesterday.
The SPAC tipped in an 8-K yesterday that about 82.7% of its shares were redeemed in connection with its vote. ...READ MORE