Alpha Healthcare III (ALPA) Signs LOI with Post-Close Acquisition for Carmell Deal

Alpha Healthcare III (NASDAQ:ALPA) announced this morning that it has signed a non-binding LOI for its combination Carmell Therapeutics to acquire an unnamed commercial-stage biotech firm for about $65 million.

The consideration would come in the form of $8 million in cash and $57 million in combined Carmell stock at close plus $75 million in potential milestone payments paid out along the same split (12% cash and 88% shares). ...READ MORE

TKB Critical Technologies 1 (USCT) Terminates Wejo Deal, Adjourns Extension Vote

TKB Critical Technologies 1 (NASDAQ:USCT) announced a series of moves this morning that include terminating their combination with Wejo (OTC:WEJOQ), selling sponsor economics and postponing today’s extension meeting to 11:30 am ET June 28. ...READ MORE

GSR II Meteora Acquisition Corp. (GSRM) Adds $50M to Bitcoin Depot Deal

GSR II Meteora (NASDAQ:GSRM) announced this morning that it has added $50 million in funding to its combination with Bitcoin Depot through a mix of PIPE and non-redemption agreements.

PIPE investors have agreed to purchase 4,300,000 Series A Preferred shares, which will rank senior to common stock with regards to dividends and distributions but will not hold voting rights. ...READ MORE

First Light Acquisition Group (FLAG) Adds $25M to Calidi Biotherapeutics Deal

First Light (FLAG) announced this morning that it has secured $25 million in additional funding for its combination with clinical-stage drug developer Calidi Biotherapeutics.

The investment is to be led by Jackson Investment Group, which has put forward $5 million as the first stage of a Series B. ...READ MORE

Plum Acquisition Corp. I (PLMI) Hops Back in the Saddle

Plum I (NASDAQ:PLMI) announced in an 8-K this morning that it was reversing its decision to liquidate on June 18, and will instead hunt for a target for at least one more month, extending its deadline to July 18. ...READ MORE

Global Star Acquisition Inc. (GLST) to Combine with K Enter in $610M Deal

Global Star (NASDAQ:GLST) has entered into a definitive agreement to combine with entertainment firm K Enter, which is to merge with seven South Korean businesses for a total valuation of $610 million, or about 3.9x their 2022 revenue. ...READ MORE

Welsbach Technology Metals Acquisition Corp. (WTMA) Terminates WaveTech Deal

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) announced this morning that it has jointly terminated its combination with battery-maker WaveTech, citing market conditions.

The short press release gave few further details, but the parties were past the merger’s outside date since March 31. ...READ MORE

Metals Acquisition Corp. (MTAL) Completes CSA Copper Mine Acquisition

Metals Acquisition Corp. (NYSE:MTAL) announced this morning that it has completed its acquisition of the parent company for Glencore’s (LON:GLEN) CSA Copper Mine in Australia.

The combined company’s shares and warrants will begin trading today on the NYSE under the continued ticker symbols “MTAL” and “MTAL.W”, ...READ MORE

Freedom Acquisition 1 Corp. (FACT) Lowers Complete Solaria Valuation, Adds Funding

Freedom I (NYSE:FACT) announced this morning that it has lowered the pre-money equity valuation by half for its target Complete Solaria while bringing in $10 million more in commitments to its bridge financing. ...READ MORE

Prospector Capital Corp. (PRSR) to Combine with LeddarTech in $348M Deal

Prospector Capital (NASDAQ:PRSR) has entered into a definitive agreement to combine with autonomous driving technology firm LeddarTech at an equity value of $348 million.

Québec City-based LeddarTech is developing a software suite to help vehicles process information from sensors for autonomous and assisted driving platforms. ...READ MORE

Pearl Holdings Acquisition Corp (PRLH) Announces LOI

Pearl Holdings (NASDAQ:PRLH) announced in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with a target, but included no other details on the company. ...READ MORE

Ares Acquisition Corporation (AAC) Tweaks X-energy Deal

Ares Acquisition Corporation (NYSE:AAC) has dropped its pre-money valuation of its target company X-energy about -14.2% as a part of a deal revision announced this morning.

The parties noted they believe that bringing down X-energy’s price tag from $2.1 billion to $1.8 billion will provide a more attractive entry point for investors and provide a better opportunity for long-term value creation. ...READ MORE

Artemis Strategic Investment Corporation (ARTE) Terminates Novibet Deal

Artemis Strategic Investment Corp. (NASDAQ:ARTE) announced in an 8-K that it has terminated its combination with British online gambling platform Novibet.

The SPAC did not disclose reasons for the breakup, but the deal was well past its December 30, 2022 outside date. ...READ MORE