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Author: Nicholas Alan Clayton

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Rosecliff Acquisition Corp. I (RCLF) Shareholders Approve Spectral MD Deal

Sep 7, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Rosecliff Acquisition Corp. I (NASDAQ:RCLF) announced in an 8-K this morning that its shareholders approved its combination with medtech firm Spectral MD (AIM:SMD) at a special meeting yesterday.

Although all proposals on the ballot were approved by wide margins, an additional 211,136 shares were redeemed in connection with the vote, reducing Rosecliff I’s trust to about $2.6 million with 247,580 public shares outstanding. ...READ MORE

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Fusion Acquisition Corp. II (FSNB) Signs LOI with Hyperloop Transportation

Aug 30, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Fusion Acquisition Corp. II (NYSE:FSNB) announced this morning that it has signed a non-binding letter-of-intent (LOI) to combine with transportation technology company Hyperloop Transportation Technologies for, so far, undisclosed terms.

The news comes within teasing distance of Fusion II’s extension vote scheduled for 11 am ET this morning. ...READ MORE

Viveon Health Acquisition Corp. (VHAQ) Doubles Clearday Valuation in Re-Strike

Aug 29, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Viveon Health (NYSE:VHAQ) announced this morning that it has amended its combination with Clearday to double the equity consideration the target will receive to $500 million from $250 million.

This does not include options, warrants and the 5,000,000 shares Clearday shareholders may receive through an earnout if it achieves profitability over a 12-month period within five years of close. ...READ MORE

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SEP Acquisition Corp. (SEPA) to Combine with SANUWAVE in $127M Deal

Aug 24, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

SEP (NASDAQ:SEPA) has entered into a definitive agreement to combine with wound care firm SANUWAVE (OTC:SNWV) at an enterprise value of $127.5 million, or 7.6x its 2022 revenue.

Eden Prairie, Minnesota-based SANUWAVE has commercialized its FDA-approved UltraMist medical device, which accelerates healing and reduces inflammation by delivering a pain-free mist of medicines to the effected area. ...READ MORE

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Clean Energy Special Situations Corp. (SWSS) Adjourns Extension Vote

Aug 24, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Clean Energy Special Situations Corp. (NASDAQ:SWSS) announced in an 8-K this morning that it will postpone its extension vote from today to 11 am ET August 28.

It also provided an update on its trust value in the filing, noting that after accounting for taxes it has about $10.18 per share in trust, rather than the $10.36 cited in its last proxy. ...READ MORE

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Compass Digital Acquisition Corp. (CDAQ) Sells Sponsor Economics to Hennessy Team

Aug 21, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Compass Digital (NASDAQ:CDAQ) announced in an 8-K this morning that has sold the majority of its sponsor economics to HCG Opportunity.

The SPAC is parting with 3,093,036 promote shares (58.2%) and 3,000,000 private warrants (64.4%) and HCG will pay up to $300,000 to entities that are owed fees from Compass Digital. ...READ MORE

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SDCL EDGE Acquisition Corporation (SEDA) Signs LOI with KME’s Aerospace Business

Aug 21, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

SDCL EDGE (NYSE:SEDA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with several entities comprising KME’s specialty aerospace business for undisclosed terms.

The LOI would see KME retain a majority stake in the business post-close and the parties expect to announce more details if they come to a definitive agreement. ...READ MORE

Global Blockchain Acquisition Corp. (GBBK) to Combine with Cardea in $175M Deal

Aug 18, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Global Blockchain (NASDAQ:GBBK) has entered into a definitive agreement to combine with wealth management firm Cardea at an enterprise value of $175 million.

Atlanta-based Cardea provides wealth and asset management services to high-net-worth individuals, institutions and families with a specialization in cross-border advisory services. ...READ MORE