SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among logistics enterprises. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Tribe Capital I (NASDAQ:ATVC) announced in an 8-K this morning that Tribe Capital Markets has resigned from its sponsor and will effectively transfer management of it to Arrow Multi Asset Fund. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Solid Power, a developer of solid-state batteries for electric vehicles that combined with Decarbonization Plus III in December 2021, aims to begin shipping pre-production battery cells by year-end for validation testing by partners BMW and Ford Motor, the company said on Monday. ...READ MORE
Biotech Acquisition Company (NASDAQ:NAAC) announced this morning that it has for a second time postponed its special meeting to approve its combination with Blade Therapeutics.
This meeting was first pushed back from June 1 and the SPAC has not yet set a new date. ...READ MORE
Magnum Opus (NYSE:OPA) announced this morning that financial media outlet Forbes has terminated the pair’s business combination after reaching the deal’s May 31 outside date.
The parties’ filing and press release did not give a cause for the decision, but the deal had been pending for more than nine months since its announcement on August 26. ...READ MORE
North Atlantic Acquisition Corp. (NASDAQ:NAAC) announced this morning that it has once again postponed its vote to complete its combination with fraud-protection software firm Telesign.
The SPAC’s brief press release did not lay out a new date for a renewed attempt, but noted that one will be announced “in due course.” ...READ MORE
Biotech Acquisition Cormpany (NASDAQ:BIOT) has postponed its special meeting to complete its combination with pharmaceutical firm Blade Therapeutics from June 1 to 10 am ET, June 3.
The SPAC has obtained sufficient votes to approve the transaction but needs additional time to satisfy all closing conditions, according to Biotech’s press release. ...READ MORE
Digital World’s (NASDAQ:DWAC) filed a new S-1 today, providing highly anticipated information into the investors of its $1 billion PIPE.
A total of 48 investors have subscribed to this PIPE, with ownership post-conversion of the Preferred Stock between 11,350,000 shares and 50,000 shares. ...READ MORE
Trepont Acquisition Corp I (NYSE:TACA) announced that it will not complete a business combination before its transaction deadline of June 4 and will therefore liquidate its trust effective June 10.
The SPAC had originally planned to hold a vote to extend its transaction deadline today, but opted to liquidate instead. ...READ MORE
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among revenue-generating fintech companies that are nearing profitability. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Babylon (NYSE:BBLN) announced this morning that it has launched an offer to exchange its outstanding public warrants for 0.295 Class A shares each.
However, Babylon would like to amend the existing warrant agreement so that any warrants not exchanged in the tender offer at this ratio will be automatically exchanged at a ratio that is 10% less at 0.2655. ...READ MORE
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the North American oil and gas sector. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
