First Light (FLAG) announced this morning that it has secured $25 million in additional funding for its combination with clinical-stage drug developer Calidi Biotherapeutics.
The investment is to be led by Jackson Investment Group, which has put forward $5 million as the first stage of a Series B. ...READ MORE
Plum I (NASDAQ:PLMI) announced in an 8-K this morning that it was reversing its decision to liquidate on June 18, and will instead hunt for a target for at least one more month, extending its deadline to July 18. ...READ MORE
Global Star (NASDAQ:GLST) has entered into a definitive agreement to combine with entertainment firm K Enter, which is to merge with seven South Korean businesses for a total valuation of $610 million, or about 3.9x their 2022 revenue. ...READ MORE
Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) announced this morning that it has jointly terminated its combination with battery-maker WaveTech, citing market conditions.
The short press release gave few further details, but the parties were past the merger’s outside date since March 31. ...READ MORE
Metals Acquisition Corp. (NYSE:MTAL) announced this morning that it has completed its acquisition of the parent company for Glencore’s (LON:GLEN) CSA Copper Mine in Australia.
The combined company’s shares and warrants will begin trading today on the NYSE under the continued ticker symbols “MTAL” and “MTAL.W”, ...READ MORE
Freedom I (NYSE:FACT) announced this morning that it has lowered the pre-money equity valuation by half for its target Complete Solaria while bringing in $10 million more in commitments to its bridge financing. ...READ MORE
Prospector Capital (NASDAQ:PRSR) has entered into a definitive agreement to combine with autonomous driving technology firm LeddarTech at an equity value of $348 million.
Québec City-based LeddarTech is developing a software suite to help vehicles process information from sensors for autonomous and assisted driving platforms. ...READ MORE
Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it postponing its special meeting to complete its combination with cloud services firm Digerati (OTC:DTGI) for a fifth time, now to June 30. ...READ MORE
Pearl Holdings (NASDAQ:PRLH) announced in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with a target, but included no other details on the company. ...READ MORE
Ares Acquisition Corporation (NYSE:AAC) has dropped its pre-money valuation of its target company X-energy about -14.2% as a part of a deal revision announced this morning.
The parties noted they believe that bringing down X-energy’s price tag from $2.1 billion to $1.8 billion will provide a more attractive entry point for investors and provide a better opportunity for long-term value creation. ...READ MORE
Artemis Strategic Investment Corp. (NASDAQ:ARTE) announced in an 8-K that it has terminated its combination with British online gambling platform Novibet.
The SPAC did not disclose reasons for the breakup, but the deal was well past its December 30, 2022 outside date. ...READ MORE
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to once again adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 13. ...READ MORE
MedTech Acquisition Corp. (NASDAQ:MTAC) announced in an 8-K this morning that it has added a $17.8 million convertible share investment and $2 million backstop to its pending combination with TriSalus Life Sciences. ...READ MORE
Avalon Acquisition Inc. (NASDAQ:AVAC) has secured shareholder approval for its combination with financial services firm Beneficient with about 87% of shares redeemed at the final vote.
The redemptions removed all but $27.9 million from Avalon’s trust, but the transaction did not include a minimum cash condition beyond the $5 million required for listing purposes. ...READ MORE
Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions.
In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust. ...READ MORE
Trajectory Alpha (NYSE:TCOA) announced in an 8-K this morning that it has opted to postpone its June 8 extension vote to June 12 at 10 am ET.
The SPAC will use this extra time to engage with shareholders at work to reverse redemption decisions. ...READ MORE
Blue Ocean (NASDAQ:BOCN) has entered into a definitive agreement to combine with digital media company TNL Mediagene at a pre-money enterprise value of $275 million.
TNL Mediagene holds the Japanese licenses for a number digital media properties as well as Taipei-based The News Lens. ...READ MORE
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. ...READ MORE