Atlantic Coastal (NASDAQ:ACAH) announced in an 8-K this afternoon that it has reached agreements with one or more investors not to redeem up to 200,000 shares in its upcoming extension vote. ...READ MORE
Armada I (NASDAQ:AACI) announced this morning that it has secured a $250 million equity subscription facility for its combination with adtech firm Rezolve.
Yorkville Advisors has agreed to fund the facility, under which Rezolve will have the option to issue up to $250 million in shares for Yorkville to purchase over the first three years following the close of the business combination. ...READ MORE
BurTech Acquisition Corp. (NASDAQ:BRKHU) announced that it has entered into a letter of intent (LOI) to potentially combine with sustainable natural gas producer CleanBay Renewables.
The deal would value CleanBay at $330 million and the parties expect to reach terms on a definitive agreement in the second quarter of 2023. ...READ MORE
Oxus Acquisition Corp. (NASDAQ:OXUS) has entered into a definitive agreement to combine with foodtech company Borealis at an enterprise value of $150 million.
Oakville, Ontario-based Borealis has developed a line of plant-based ramen noodle products, which it produces through a US-based manufacturing subsidiary. ...READ MORE
Anzu Special Acquisition Corp I (NASDAQ:ANZU) announced in an 8-K this morning that it has entered into extension support agreements effectively backstopping up to 3,311,894 shares through its February 28 extension vote. ...READ MORE
Canadian oil and gas producer Hammerhead Resources announced this afternoon that it has completed its combination with Decarbonization Plus IV (NASDAQ:DCRD).
The combined company’s shares and warrants are expected to begin trading on the Nasdaq under the symbols “HHRS” and “HHRSW”, respectively, on February 27. ...READ MORE
Polar Multi-Strategy Fund this morning announced that it opted for an early termination to its forward purchase agreement (FPA) with lunar lander designer Intuitive Machines (NASDAQ:LUNR), which closed its combination with Inflection Point Inflection Point on February 13. ...READ MORE
TPB Acquisition Corp I (NASDAQ:TPBA) announced its shareholders approved its combination with Lavoro at a special meeting held earlier today.
The transaction is now expected to close on February 27. The combined company’s shares and warrants are to trade on the Nasdaq the following day under the symbols “LVRO” and “LVROW”, respectively. ...READ MORE
Live Oak Mobility (NYSE:LOKM) announced that it has signed a letter of intent (LOI) to combine with an auto parts manufacturer about a week out from its extension vote.
For a transaction that is still non-binding, the parties have sketched out a fair amount of proposed details. ...READ MORE
Marblegate Acquisition Corp. (NASDAQ:GATE) has entered into a definitive agreement to combine with a number of affiliated LLCs sharing the DePalma name.
The Delaware-registered DePalma companies are holders of New York City, Philadelphia and Chicago taxi medallion assets. ...READ MORE
AXIOS Sustainable Growth (NYSE:AXAC) announced that it has signed a non-binding letter of intent with a European farming target, as it secured an extension vote.
The target company in question is supposedly one of Europe’s largest and most sustainable farming companies with about 18,000 hectares (45,000 acres) of agricultural land. ...READ MORE
TPB Acquisition Corp I (NASDAQ:TPBA) announced in an 8-K this morning that it has entered into forward purchase agreements with investors to backstop their shares through close.
The SPAC did not specify how many shares are currently covered by these agreements and noted that similar arrangements with other parties may still be made. ...READ MORE
Summit (NASDAQ:SMIH) announced in an 8-K this morning that it will reschedule its vote to complete its combination with YS Biopharma from March 1 to 9 am, ET March 14.
This will also push forward the redemption deadline to 5 pm, March 10. ...READ MORE
A SPAC I (NASDAQ:ASCA) has entered into a definitive agreement to combine with fertility services provider NewGenIvf at an enterprise value of $50 million.
Hong Kong-based NewGenIvf provides a full range of fertility services through clinics in four Southeast Asian countries. ...READ MORE
Forest Road II (NYSE:FRXB) announced in an 8-K filing this morning that it has signed a non-redemption agreement with one more investors, securing 1,000,000 shares through an upcoming extension vote. ...READ MORE
SPACInsider contributors Anthony Sozzi and Nic Narang this week compiled their three favorite potential SPAC targets among potential targets leveraging AI technology. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
LF Capital Acquisition Corp. II (NASDAQ:LFAC) announced in an 8-K this morning that it has adjourned its February 15 vote to 6 pm ET February 17.
Shareholders in the vote are set to consider an increase to LF Capital II’s monthly contribution to its trust from $0.033 to $0.04. ...READ MORE
CENAQ Energy Corp. (NASDAQ:CNAQ) announced it has closed its combination with Bluescape Clean Fuels following the addition of a PIPE earlier this week.
Bluescape is now to be renamed Verde Clean Fuels with its shares and warrants set to trade on the Nasdaq under the symbols “VGAS” and “VGASW” later today. ...READ MORE