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
The Latest Liquidations: December 23, 2022
Latest SPAC Liquidations: SPK, Macondray I, Powered Brands
SPK Acquisition Corp. (SPK) Terminates Varian Bio Deal and Will Liquidate December 29
SPK Acquisition Corp. (NASDAQ:SPK) announced in an 8-K this morning that it has terminated its combination agreement with Varian Bio and will instead liquidate on December 29. ...READ MORE
KludeIn I (INKA) Lowers Near’s Valuation in Deal Tweak
KludeIn I Acquisition Corp. (NASDAQ:INKA) announced in an 8-K this afternoon that it has lowered the valuation for its combination target Near while pushing out the deal’s outside date from January 11 to April 11. ...READ MORE
The Latest SPAC News and Rumors: December 27, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Wentworth appoints Larry Roth as Executive Chairman, James Murdoch and Uday Shankar veer away from SPACs
Wentworth Management names industry veteran Larry Roth as post-close Executive Chairman
Upon completion of the business combination, wealth management industry leader Larry Roth will become executive chairman of the newly created firm, named Binah. ...READ MORE
Tailwind Acquisition Corp. (TWND) Shareholders Approve NUBURU Deal
Tailwind (NYSE:TWND) announced this morning that its shareholders approved its combination with laser technology firm NUBURU at a special meeting earlier today.
The press release did not include redemption figures or a closing date, and Tailwind has a few days to wrap things up before its initial January 9 transaction deadline. ...READ MORE
Northern Star II (NSTB), Pivotal III (PICC) Ink Non-Redemption Pacts
Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) each announced this morning that they have signed non-redemption agreements a day after adjourning their extension votes.
The moves are functionally identical with each securing the agreement of third parties not to redeem a total of 200,000 shares in each SPAC that were previously purchased at the vehicles’ IPOs. ...READ MORE