The Latest SPAC News and Rumors: September 20, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Abu Dhabi royal-backed firms to merge in region’s first SPAC deal
ADC Acquisition Corporation (ADC.AD)
Digital Transformation Opportunities (DTOC) Shareholders Approve American Oncology Deal
Digital Transformation (NASDAQ:DTOC) announced in an 8-K this morning that its shareholders approved its business combination with physician network American Oncology at a special meeting yesterday.
The two sides later announced they have closed the transaction and the combined company will begin trading on the Nasdaq under the symbol “AONC” on September 21. ...READ MORE
Hennessy Capital Investment Corp VI (HCVI) Re-Schedules Extension with Non-Redemption Pact
Hennessy Capital Investment Corp VI (NASDAQ:HCVI) announced in an 8-K filing this morning that it will push its September 27 extension vote to 9 am ET September 29.
Shareholders will now have until 5 pm ET September 27 to make their final redemption decisions and owners of 132,398 shares have decided to stay in as a part of a non-redemption agreement Hennessy VI also announced in the filing. ...READ MORE
The Latest SPAC News and Rumors: September 19, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
VinFast’s second-quarter deliveries jump over fivefold sequentially
Vietnamese electric-vehicle maker VinFast said on Monday it had delivered 9,535 vehicles in the second quarter, recording a more than fivefold jump from the first quarter.
The Latest Non-Redemption Agreements: September 18, 2023
Latest Non-Redemption Agreements: Live Oak Crestview Climate Acquisition Corp.
Live Oak Crestview Climate Acquisition Corp. (LOCC) Adds Non-Redemption Agreement
Live Oak Crestview Acquisition Corp. (NASDAQ:LOCC) came to a non-redemption agreement with an investor that will cover the lesser of 231,023 or 9.9% of its total outstanding Class A shares. ...READ MORE
Golden Star Acquisition Corporation (GODN) to Combine with Gamehaus in $500M Deal
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The Latest SPAC News and Rumors: September 18, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
British-based electric van group races to secure Arrival of rescue bid
A British-based company that boasted that it would be a global pioneer in electric vehicle manufacturing is trying to seal a rescue takeover within weeks.
Graf Acquisition Corp. IV (GFOR) Adds $10M in Note Funding to NKGen Biotech Deal
Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this morning that it has added $10 million in convertible note funding to its combination with NKGen Biotech.
NKGen’s majority shareholder NKMax (KOSDAQ:182400) has put up the cash for the move and in exchange the notes are to bear interest payable at either a 5% rate in cash or 8% in stock. ...READ MORE
Prime Impact Acquisition I (PIAI) Completes Cheche Deal
Prime Impact Acquisition I (NYSE:PIAI) announced that it has completed its combination with Chinese auto insurer Cheche Technology and the combined company’s shares and warrants will begin trading on the Nasdaq later today under the symbols “CCG” and “CCGWW”. ...READ MORE
FTAC Emerald Acquisition Corp. (EMLD) Adjourns Extension Vote Again
FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) announced this morning that it plans to push its extension vote scheduled for this afternoon to 4:30 pm ET tomorrow, September 19.
As the SPAC continues to engage with shareholders, they are to consider its proposal to extend the SPAC’s transaction deadline to January 19, 2024 without the sponsor making an additional contribution to the trust. ...READ MORE
Athena Consumer Acquisition Corp. (ACAQ) to Adjourn Vote for Completion, Warrant Exchange
Athena Consumer Acquisition Corp. (NYSE: ACAQ) announced that it intends to adjourn its September 21 special meeting to approve its combination with German EV-maker e.GO without conducting business and will reconvene it at 1:30 pm ET September 28. ...READ MORE
The Latest SPAC News and Rumors: September 15, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Post-SPAC space firms redoubling efforts to attract institutional investor
Three space companies that went public two years ago are seeking ways to build credibility with large institutional investors that have started dipping toes into the deflated market.
GigCapital5 (GIA) Rejects QT Imaging Termination Request amid Lawsuit in Push For Extension
GigCapital5 (NYSE:GIA) announced in an 8-K filing this morning that it has rejected a request by its combination target QT Imaging to terminate the deal, claiming that although the deal’s September 8 outside date is passed, breaches on QT Imaging’s part caused delays. ...READ MORE
Graf Acquisition Corp. IV (GFOR) Adjourns NKGen Completion Vote for Third Time
Graf Acquisition Corp. IV (NYSE:GFOR) announced that it adjourned yesterday’s completion vote for its combination with NKGen Biotech without conducting any business and will reopen proceedings at 10 am ET September 20. ...READ MORE
Ares Acquisition Corporation (AAC) Adds Funding to X-Energy Deal At Lower Valuation
Ares Acquisition Corporation (NYSE:AAC) announced in an 8-K this morning that it has added up to $60 million in new commitments to its combination with nuclear technology firm X-Energy while further dropping the target’s valuation. ...READ MORE
Inception Growth Acquisition Limited (IGTA) to Combine with AgileAlgo in $160M Deal
Inception Growth Acquisition Corp. (NYSE:IGTA) has entered into a definitive agreement to combine with AI firm AgileAlgo at a pre-money equity value of $160 million.
Singapore-based AgileAlgo provides AI tools to enterprise clients to optimize business process and teach their systems to continually improve themselves. ...READ MORE
The Growth for Good Acquisition Corp. (GFGD) to Terminate ZeroNox Deal, Liquidate Trust
The Growth for Good Acquisition Corporation (NASDAQ:GFGD) announced this afternoon that it will terminate its combination with EV technology company ZeroNox and will immediately begin the process of liquidating its trust. ...READ MORE
M3-Brigade Acquisition III Corp. (MBSC) Secures Approval for Greenfire Resources Deal, Warrant Agreement
M3-Brigade III (NYSE:MBSC) announced in an 8-K this morning that its shareholders have approved its combination with Canadian energy producer Greenfire while warrant holders approved a proposal to buy back all outstanding warrants. ...READ MORE
Graf Acquisition Corp. IV (GFOR) Adjourns NKGen Completion Vote Again
Graf Acquisition Corp. IV (NYSE:GFOR) announced this morning that it adjourned its Friday vote to complete its business combination with NKGen Biotech and will reconvene it at 4 pm September 13. ...READ MORE
Prime Impact Acquisition I (PIAI) Adds $13M PIPE to Cheche Deal
Prime Impact I (NYSE:PIAI) announced this morning that investors have subscribed to a PIPE in its combination with digital insurance firm Cheche buying 1,300,000 for $10 per share.
The investors were not named, but the PIPE would cover the deal’s $5 million minimum cash condition as it heads into its approval vote. ...READ MORE