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
Silver Crest (SLCR) Completes Tims China Combination
Silver Crest (NASDAQ:SLCR) announced that it has closed its transaction with coffee shop chain Tims China after an extended process.
The SPAC originally held its completion vote on August 19, but opted to give shareholders additional time to reconsider after they initially opted to redeem 99% of shares. ...READ MORE
Billtrust (BTRS) to Be Acquired by EQT Private Equity at $9.50 Per Share
Billtrust (NASDAQ:BTRS), which combined with South Mountain in January 2021, announced this morning that it has agreed to be acquired by private equity fund EQT in an all-cash deal for $9.50 per share. ...READ MORE
Malacca Straits Acquisition Company (MLAC) to Combine with Indiev in $600M Deal
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KINS Technology Group (KINZ) to Combine with Inpixon in $69M Deal
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Decarbonization Plus IV (DCRD) to Combine with Hammerhead Resources in $1Bn Deal
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Cohn Robbins Holdings (CRHC) Terminates Allwyn Deal
Cohn Robbins (NYSE:CRHC) announced over the weekend that it has jointly terminated its $9.3 billion combination with lottery operator Allwyn.
The move comes at the very end of the process for Cohn, whose shareholders approved the transaction on September 7. ...READ MORE
Silver Spike II (SPKB) to Receive Shares from Terminated Eleusis Deal
Silver Spike Acquisition Corp. II (NASDAQ:SPKB) announced in an 8-K filing this morning that it would be receiving shares as compensation for the termination of its merger agreement with biopharmaceutical firm Eleusis. ...READ MORE
The Latest SPAC News and Rumors: September 22, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Digital World receives push-back in PIPE investor talks; Plaintiff lawyers increase focus on SPAC suits; Xos expands mobile EV-charger offerings
Trump-linked SPAC faces new pressure from PIPE investors as merger hangs in the balance
The Financial Times reported Tuesday that DWAC Chief Executive Patrick Orlando is negotiating with investors who said they would back the company through a private investment in public equity, or PIPE, deal. ...READ MORE
IG Acquisition Corp. (IGAC) to Combine with PlayUp in $399M Deal
IG Acquisition Corp. (NASDAQ:IGAC) has entered into a definitive agreement to combine with mobile gaming platform PlayUp at an enterprise value of $399.7 million, or 10.9x its 2022E gross revenue.
Sydney, Australia-based PlayUp is a mobile and online betting and fantasy sports platform currently expanding into the US market. ...READ MORE
Avalon Acquisition Inc. (AVAC) to Combine with The Beneficient Company in $3.5Bn Deal
Avalon (NASDAQ:AVAC) has entered into a definitive agreement to combine with financial services firm The Beneficient Company Group, or Ben, at an enterprise value of about $3.5 billion.
The Dallas-based company provides customers options to exit alternative investments early via structures designed for high-net-worth individuals and small institutions. ...READ MORE