RedBall Acquisition Corp. (RBAC) to Liquidate Trust
RedBall Acquisition Corp. (NYSE:RBAC) announced over the weekend that it will not complete a transaction before its August 17 deadline and it intends to liquidate its trust.
Its shares will cease trading on August 16 and the SPAC is set to return about $10.02 per share to investors shortly after this date. ...READ MORE
Top 3 SPAC Targets – Metals
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies on the supplying the world’s new and existing metals resources. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Perella Weinberg (PWP) Launches Warrant Exchange Offer
Perella Weinberg Partners (NASDAQ:PWP) announced this morning that it is offering to exchange all outstanding warrants for 0.20 shares of company stock.
The move would issue 1,573,995 shares to warrantholders should all accept the offer. ...READ MORE
Top 3 SPAC Targets – Africa
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies on the African continent. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Fortune Rise Acquisition Corp (FRLA) Terminates VCV Power Sigma Deal
Fortune Rise Acquisition Corp. (NASDAQ:FRLA) announced in an 8-K this morning that it has mutually terminated its combination with crypto mining business VCV Power Sigma.
As with yesterday’s termination of Aesther Healthcare’s combination with United Gear, the merger was just weeks old, having been announced on May 3 with an outside date in November. ...READ MORE
ArcLight Clean Transition Corp. II (ACTD) Inks New FPA Backstop
ArcLight Clean Transition Corp. II (NASDAQ:ACTD) announced in an 8-K filing this morning it has signed a forward purchase agreement to prevent 1,900,000 shares from being redeemed.
This is the second piece of news announced by ArcLight II this morning as it also disclosed this morning that its shareholders voted to approve its combination with OPAL Fuels at a shareholder vote on Friday. ...READ MORE
B. Riley Principal 150 Merger Corp. (BRPM) Shareholders Approve FaZe Clan Deal
B. Riley Principal 150 Merger Corp. (NASDAQ:BRPM) announced that at a special meeting today its shareholders have approved its combination with sports media platform FaZe Clan, which is expected to close Tuesday, July 19. ...READ MORE
Top 3 SPAC Targets – Agriculture
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in agriculture and related technologies. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Deep Medicine (DMAQ) to Combine with Chijet Motor Company in $2.5Bn Deal
Deep Medicine (NASDAQ:DMAQ) has entered into a definitive agreement to combine with Chinese carmaker Chijet at an enterprise value of $2.55 billion.
Chijit currently sells a line of gasoline-fueled SUVs and trucks in China and Southeast Asia and is working to build a production facility for a new line of EVs. ...READ MORE
FAST Acquisition II (FZT) to Combine with Falcon’s Beyond in $1Bn Deal
FAST II (NYSE:FZT) has entered into a definitive agreement to combine with entertainment company Falcon’s Beyond at an enterprise value of $1 billion, or 6.7x its 2024E EBITDA.
Orlando, Florida-based Falcon’s Beyond is an experiential entertainment developer focused on themed resorts and attractions using both proprietary and partnered intellectual property (IP). ...READ MORE
ACE Convergence (ACEV) Adds Sweetener for PIPE Investors
ACE Convergence Acquisition Corp. (NASDAQ:ACEV) announced this morning that it will issue additional shares to PIPE investors as it works towards closing its combination with electronics manufacturer Tempo Automation.
PIPE investors are to receive up to 2,000,000 additional shares on a pro rata basis according to a formula based on the combined company’s VWAP in the 30 days following its resale shelf effectiveness date. ...READ MORE
Benessere Capital (BENE) Extends Redemption Deadline for Vote
Benessere (NYSE:BENE) announced this morning that it has extended the redemption deadline in connection with its upcoming extension vote to 5 pm ET today.
Shareholders are set to vote at a special meeting at noon tomorrow, July 7, to extend the SPAC’s transaction deadline from July 7 to January 7, 2023. ...READ MORE
Social Capital Suvretta III (DNAC) to Postpone Shareholder Vote
Social Capital Suvretta Holdings Corp. III (NASDAQ:DNAC) announced in an 8-K this morning that it intends to adjourn its 10 am ET special meeting to complete its combination with drug developer ProKidney and reconvene on a later unspecified date. ...READ MORE