DHC Acquisition Corp (NASDAQ:DHCA) announced in an 8-K this morning that it has come to agreements with one or more investors to not redeem 400,000 shares.
If these investors still hold these shares through the SPAC’s March 3 extension vote, they will receive 150,000 promote shares (1.9%) once DHC has consummated a business combination. ...READ MORE
Northern Star Investment Corp. III (NYSE:NSTC) and Northern Star Investment Corp. IV (NYSE:NSTD) announced in 8-K filings this morning that they have each added to the shares covered by non-redemption agreements as they work to extend their transaction deadlines. ...READ MORE
Oxus Acquisition Corp. (NASDAQ:OXUS) has adjourned its extension vote today without conducting any business and will reconvene at 8:30 am ET March 2.
Shareholders are to consider extending the SPAC’s transaction deadline from March 8 to December 8 and allow the sponsor to convert its promote shares to Class A shares prior to the closing of a business combination. ...READ MORE
Northern Star Investment Corp. III (NYSE:NSTC) and Northern Star Investment Corp. IV (NYSE:NSTD) announced this morning that each has come to identical non-redemption agreements with shareholders.
Each agreement secures 250,000 shares from redemption for its respective SPAC. ...READ MORE
Colombier Acquisition Corp. (NYSE:CLBR) has entered into a definitive agreement to combine with values-based marketplace PublicSq at an enterprise value of $258 million.
PublicSq is developing an app-based marketplace for political conservatives in the US to seek out products aligned with their values. ...READ MORE
Atlantic Coastal (NASDAQ:ACAH) announced in an 8-K this afternoon that it has reached agreements with one or more investors not to redeem up to 200,000 shares in its upcoming extension vote. ...READ MORE
Armada I (NASDAQ:AACI) announced this morning that it has secured a $250 million equity subscription facility for its combination with adtech firm Rezolve.
Yorkville Advisors has agreed to fund the facility, under which Rezolve will have the option to issue up to $250 million in shares for Yorkville to purchase over the first three years following the close of the business combination. ...READ MORE
BurTech Acquisition Corp. (NASDAQ:BRKHU) announced that it has entered into a letter of intent (LOI) to potentially combine with sustainable natural gas producer CleanBay Renewables.
The deal would value CleanBay at $330 million and the parties expect to reach terms on a definitive agreement in the second quarter of 2023. ...READ MORE
Oxus Acquisition Corp. (NASDAQ:OXUS) has entered into a definitive agreement to combine with foodtech company Borealis at an enterprise value of $150 million.
Oakville, Ontario-based Borealis has developed a line of plant-based ramen noodle products, which it produces through a US-based manufacturing subsidiary. ...READ MORE
Anzu Special Acquisition Corp I (NASDAQ:ANZU) announced in an 8-K this morning that it has entered into extension support agreements effectively backstopping up to 3,311,894 shares through its February 28 extension vote. ...READ MORE
Canadian oil and gas producer Hammerhead Resources announced this afternoon that it has completed its combination with Decarbonization Plus IV (NASDAQ:DCRD).
The combined company’s shares and warrants are expected to begin trading on the Nasdaq under the symbols “HHRS” and “HHRSW”, respectively, on February 27. ...READ MORE
Polar Multi-Strategy Fund this morning announced that it opted for an early termination to its forward purchase agreement (FPA) with lunar lander designer Intuitive Machines (NASDAQ:LUNR), which closed its combination with Inflection Point Inflection Point on February 13. ...READ MORE
TPB Acquisition Corp I (NASDAQ:TPBA) announced its shareholders approved its combination with Lavoro at a special meeting held earlier today.
The transaction is now expected to close on February 27. The combined company’s shares and warrants are to trade on the Nasdaq the following day under the symbols “LVRO” and “LVROW”, respectively. ...READ MORE
Live Oak Mobility (NYSE:LOKM) announced that it has signed a letter of intent (LOI) to combine with an auto parts manufacturer about a week out from its extension vote.
For a transaction that is still non-binding, the parties have sketched out a fair amount of proposed details. ...READ MORE
Marblegate Acquisition Corp. (NASDAQ:GATE) has entered into a definitive agreement to combine with a number of affiliated LLCs sharing the DePalma name.
The Delaware-registered DePalma companies are holders of New York City, Philadelphia and Chicago taxi medallion assets. ...READ MORE
AXIOS Sustainable Growth (NYSE:AXAC) announced that it has signed a non-binding letter of intent with a European farming target, as it secured an extension vote.
The target company in question is supposedly one of Europe’s largest and most sustainable farming companies with about 18,000 hectares (45,000 acres) of agricultural land. ...READ MORE
TPB Acquisition Corp I (NASDAQ:TPBA) announced in an 8-K this morning that it has entered into forward purchase agreements with investors to backstop their shares through close.
The SPAC did not specify how many shares are currently covered by these agreements and noted that similar arrangements with other parties may still be made. ...READ MORE
Summit (NASDAQ:SMIH) announced in an 8-K this morning that it will reschedule its vote to complete its combination with YS Biopharma from March 1 to 9 am, ET March 14.
This will also push forward the redemption deadline to 5 pm, March 10. ...READ MORE
A SPAC I (NASDAQ:ASCA) has entered into a definitive agreement to combine with fertility services provider NewGenIvf at an enterprise value of $50 million.
Hong Kong-based NewGenIvf provides a full range of fertility services through clinics in four Southeast Asian countries. ...READ MORE