ACE Convergence Acquisition Corp. (NASDAQ:ACEV) announced this morning that it will issue additional shares to PIPE investors as it works towards closing its combination with electronics manufacturer Tempo Automation.
PIPE investors are to receive up to 2,000,000 additional shares on a pro rata basis according to a formula based on the combined company’s VWAP in the 30 days following its resale shelf effectiveness date. ...READ MORE
Benessere (NYSE:BENE) announced this morning that it has extended the redemption deadline in connection with its upcoming extension vote to 5 pm ET today.
Shareholders are set to vote at a special meeting at noon tomorrow, July 7, to extend the SPAC’s transaction deadline from July 7 to January 7, 2023. ...READ MORE
Social Capital Suvretta Holdings Corp. III (NASDAQ:DNAC) announced in an 8-K this morning that it intends to adjourn its 10 am ET special meeting to complete its combination with drug developer ProKidney and reconvene on a later unspecified date. ...READ MORE
USHG (NYSE:HUGS) announced this morning that it would not extend an agreement to partner in an IPO for restaurant operator Panera announced in November.
Always something of an oddity, USHG’s plan bore some semblance to Pershing Square Tontine’s (NYSE:PSTH) bid to join in Universal Music’s (AS:UMG) Amsterdam IPO. ...READ MORE
Kismet Two (NASDAQ:KAII) has sold all of its sponsor economics to Quadro Sponsor LLC, including 6,250,000 promote shares and 4,400,000 warrants.
The new sponsor will be led by Dimitri Elkin who is signing on as CEO and will also serve as the company’s principal financial and accounting officer. ...READ MORE
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the music industry. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Northern Lights (NASDAQ:NLIT) announced in an 8-K this morning that its shareholders approved its combination with cannabis finance provider Safe Harbor at a special meeting held yesterday afternoon.
The filing did not include final redemption figures or a timeline for close, but as of yesterday the SPAC faced 66.2% redemptions. ...READ MORE
Waldencast Acquisition Corp. (NASDAQ:WALD) announced this morning that it has added $225 million in debt to its combination with beauty brands OBAGI and Milk.
This new money comes in the form of a four-year secured first-lien made up of a $175 million term loan and a $50 million revolving loan facility with $7.5 million available to be drawn as letters of credit. ...READ MORE
Gores Guggenheim (NASDAQ:GGPI) announced this morning that it expects to provide $850 million in proceeds to its target company Polestar ahead of its vote to complete the deal scheduled for tomorrow, June 22. ...READ MORE
Freedom Acquisition 1 (NYSE:FACT) announced over the long weekend that it has signed a non-binding letter of intent (LOI) to combine with genome sequencing firm Human Longevity, Inc. valued at $1 billion. ...READ MORE
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among sports-focused companies. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Digital Health (NASDAQ:DHAC) has entered into a definitive agreement to combine with telehealth software firm VSee and digital healthcare provider iDoc to create an entity valued at approximately $110 million.
California-based VSee provides a no code and low code SaaS platform to help physicians set up telehealth applications and Houston-based iDoc has a set of neurological telehealth tools to treat patients suffering from strokes or other brain injuries. ...READ MORE
