Digital World (DWAC) Adjourns Extension Vote to November 3
Digital World (NASDAQ:DWAC) has once again pushed its special meeting to vote on a one-year transaction deadline extension to Thursday, November 3.
This three-and-a-half week postponement is an unusually long one, but is unsurprising in for what has become one of the most unusual deal processes in years. ...READ MORE
Turmeric Acquisition Corp. (TMPM) to Liquidate Trust
Turmeric Acquisition Corp. (NASDAQ:TMPM) announced this morning that it has opted to liquidate its trust, dispersing approximately $10.05 per share to holders.
The SPAC’s shares will cease trading as of the open on October 20. ...READ MORE
ClimateRock (CLRC) to Combine with EEW Eco Energy in $650M Deal
ClimateRock (NASDAQ:CLRC) has entered into a definitive agreement to combine with solar plant developer EEW at a proposed equity value of $650 million.
London-based EEW designs and sells solar utility-scale solar power plants in Europe, Africa, Australia, and the US. ...READ MORE
Top 3 SPAC Targets – Consumer/Retail
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among consumer and retail companies. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Altitude Acquisition Corp. (ALTU) Increases Non-Redemption Agreement to Cover $15M
Altitude Acquisition Corp. (NASDAQ:ALTU) announced in an 8-K this morning that it has expanded its non-redemption agreement to cover about $15 million worth of shares.
A new shareholder has agreed to not to redeem 223,124 shares in connection with the today’s vote to extend the SPAC’s transaction deadline from October 11, to April 11, 2023. ...READ MORE
Avanti Acquisition Corp. (AVAN) to Liquidate Trust
Avanti Acquisition Corp. (NYSE:AVAN) announced this morning that it will not consummate a business combination and will instead liquidate its trust.
October 6 is to be the last day Avanti trades on the public markets and shareholders are to receive the pro rata trust amount of $10.06 per share over the next 10 days. ...READ MORE
Aesther Healthcare (AEHA) Boosts Backstop to $80M
Aesther Healthcare (NASDAQ:AEHA) announced this morning that it has added $40 million to its backstop for the SPAC’s pending combination with Ocean Biomedical, bringing it to $80 million in total.
Meteora Capital Partners funds made the commitment to purchase 4,000,000 Aesther shares on the open market at prices no higher than the redemption price and Meteora has agreed not to redeem these shares or vote them in favor of the combination. ...READ MORE
Pathfinder Acquisition Corporation (PFDR) to Combine with Movella in $537M Deal
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Atlantic Avenue (ASAQ) to Liquidate, Cancels Extension Meeting
Atlantic Avenue (NYSE:ASAQ) has announced that it will cancel its special meeting scheduled for 10 am this morning to extend its transaction deadline and will instead liquidate, redeeming all shares at $10.03 per share. ...READ MORE
Freedom Acquisition 1 Corp. (FACT) to Combine with Complete Solaria in $553M Deal
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TradeUP (UPTD) to Combine with Estrella Biopharma in $398M Deal
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Athena Consumer Acquisition Corp. (ACAQ) Adds $15M to e.GO Deal
Athena Consumer (NYSE:ACAQ) announced in an 8-K this morning that it has added $15 million in bridge financing to its combination with EV-maker e.GO.
Brucke Funding has provided the funding which is drawable in three tranches maturing at the earlier of the deal’s close or nine months out from the first borrowing. ...READ MORE
Summit Healthcare Acquisition Corp. (SMIH) to Combine with YS Biopharma in $1Bn Deal
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Top 3 SPAC Targets – Beauty and Personal Care
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among beauty and personal care companies with financial profiles to lure the market. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
DTRT Health Acquisition Corp. (DTRT) to Combine with Consumer Direct Holdings
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Brilliant Acquisition Corporation (BRLI) Boosts Bonus Pool for Non-Redeemers
Brilliant (NASDAQ:BRLI) announced that it has effectively doubled the size of its pool of shares to be distributed to shareholders at the close of its combination with crypto payments firm Nukkleus. ...READ MORE