Pine Technology Acquisition Corp. (PTOC) Terminates Tomorrow.io Deal
Pine Technology Acquisition Corp. (NASDAQ:PTOC) announced this morning that it has terminated its combination with weather-predicting software company Tomorrow.io.
The SPAC blamed “market conditions” for the breakup, but Tomorrow.io will be required to pay $1.5 million in termination fees, suggesting this may have been negotiated post the original business combination agreement. ...READ MORE
Top 3 SPAC Targets – Defense
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the defense sector. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Supernova Partners II (SNII) Pre-Announces Rigetti Deal Approval
Supernova Partners Acquisition Company II (NYSE:SNII) announced this morning that it expects to gain approval of its combination with quantum computing firm Rigetti with sufficient cash to close the deal on March 2. ...READ MORE
ARYA Sciences Acquisition IV (ARYD) Terminates Caritas Deal
ARYA IV (NASDAQ:ARYD) has agreed to mutually terminate its combination with the gene therapy division of biotech firm Amicus (NASDAQ:FOLD).
The news came not from ARYA IV’s end but as a part of Amicus’ quarterly updates and it primarily blamed “unfavorable market conditions affecting IPOs, follow-on financings and SPACs”. ...READ MORE
Brilliant Acquisition Corp. (BRLI) to Combine with Nukkleus in $140M Deal
Brilliant (NASDAQ:BRLI) has entered into a definitive agreement to combine with payments platform Nukkleus at a pre-money enterprise value of $140 million, or about 7x its 2021 revenue.
Jersey City, New Jersey-based Nukkleus provides software to process exchanges of crypto and foreign currencies as well as contracts for differences (CFDs) for these assets. ...READ MORE
Healthcare Capital Corp. (HCCC) Shareholders Approve Alpha Tau Deal
Healthcare Capital Corp. (NASDAQ:HCCC) announced this morning that its shareholders have voted to approve its combination with Alpha Tau Medical, but has not given any hints as to its redemption figures. ...READ MORE
BlackRock Buys Into HumanCo Acquisition Corp. (HMCO) Sponsor Economics
HumanCo Acquisition Corp. (NASDAQ:HMCO) revealed in an 8-K that it signed a series of financing agreements on February 15 that will transfer much of its private placement shares and warrants to BlackRock (NYSE:BLK). ...READ MORE
Top 3 SPAC Targets – Security / Cybersecurity
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in in the security sector. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Astrea Acquisition Corp. (ASAX) Terminates HotelPlanner, Reservations.com Deal
Astrea (NASDAQ:ASAX) announced in an 8-K this morning that it mutually terminated its combination agreement with HotelPlanner and Reservations.com over the weekend.
The SPAC’s shareholders were set to vote to complete the transaction at a special meeting tomorrow, February 15, but the parties were likely dissuaded from proceeding after getting a look at the redemption figures. ...READ MORE
Astrea Acquisition Corp. (ASAX) Reminds Investors It Is Not Astra Space (ASTR)
Astrea (NASDAQ:ASAX) sent out the sort of reminder today that it likely would not have thought necessary – that it is a different company from space venture Astra (NASDAQ:ASTR), which itself de-SPAC’d in July. ...READ MORE
Top 3 SPAC Targets – India
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in India. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Global SPAC Partners (GLSPT) Adds $50.5M PIPE to Gorilla Deal
Global SPAC (NASDAQ:GLSPT) announced this morning it has added a $50.5 million PIPE to its transaction with edge AI firm Gorilla.
Importantly, this amount is enough to satisfy the transaction’s minimum cash condition securing the deal’s close. ...READ MORE
Magnum Opus Acquisition Limited (OPA) Brings Binance into Forbes PIPE
Magnum Opus (NYSE:OPA) announced this morning that crypto exchange Binance has taken the place of existing PIPE investors in committing $200 million to its combination with financial publication Forbes.
The net amount of Forbes PIPE is unchanged at $400 million, but the parties created a new subscription agreement allowing Binance to appoint two members to the company’s post-transaction Board. ...READ MORE
CF VI (CFVI) Tumbles on Joe Rogan’s Rumble Rejection
CF VI (NASDAQ:CFVI) has fallen about -15% in afternoon trading after a report that popular podcast host Joe Rogan has rejected an offer to transfer his show to the platform of CF VI’s target, Rumble. ...READ MORE