Biotech Acquisition Company (NASDAQ:BIOT) announced in an 8-K that it has agreed to sell most of its sponsor economics and undergo a management change.
An investor registered as IREEM LLC is purchasing 5,455,000 of Biotech’s promote shares (94.8%) and all 6,000,000 of its private placement warrants for $470,000 in total. ...READ MORE
HCM Acquisition Corp (NASDAQ:HCMA) announced in an 8-K that it would postpone its special meeting set for 10 am ET this morning to extend the company’s transaction deadline. The meeting will be held, if at all, at a later date to be determined by the board of directors of the Company. ...READ MORE
Velocity Acquisition Corp. (NASDAQ:VELO) will not consummate an initial business combination and intends to dissolve and liquidate effective as of the close of business on December 20, 2022. ...READ MORE
Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has terminated its combination agreement with metaverse technology firm Infinite Assets.
The SPAC plans to continue to seek out a combination target, but will likely have to fund extensions to do so. ...READ MORE
Sizzle (NASDAQ:SZZL) announced that will be postponing its upcoming extension vote from December 19 to a date yet to be determined in February.
This is likely to come in the first week of the month as the SPAC has its existing transaction deadline set for February 8. ...READ MORE
M3-Brigade Acquisiition II Corp. (NYSE:MBAC) announced that it is pushing its extension vote from December 19 to December 23 at 9:30 am ET.
The SPAC is seeking a full-year extension from its existing deadline of March 8, 2023 to March 8, 2024 and is attempting to give shareholders more time to potentially reverse redemption decisions. ...READ MORE
Golden Falcon (NYSE:GFX) announced that it convened and adjourned its extension vote today to 11 am ET, December 20.
The SPAC likely hopes to use this additional time to flip votes and redemption decisions after recently announcing its combination with Turkish air freight hauler MNG Airlines. ...READ MORE
Redwoods Acquisition Corp. (NASDAQ:RWOD) announced in a 425 filing that it has signed an agreement of intent to combine with material technology company Xin Bo Xing.
The parties intend to arrange a PIPE for the transaction involving several private funds and the combined company would be listed on the Nasdaq, according to the filing. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital World Acquisition Corp., ...READ MORE
Churchill Capital Corp V (NYSE:CCV) announced in an 8-K filing this morning that it has signed a non-binding letter of intent (LOI) to combine with a target company and will be extending its transaction deadline to March 18, 2023. ...READ MORE
Satellite company Satixfy (NYSE:SATX), which combined with Endurance Acquisition Corp. in October, announced in a 6-K this morning that it has waived the lock-up on 1,000,000 private placement warrants held by Cantor Fitzgerald. ...READ MORE
