Israel’s tech sector has been fertile ground for SPAC dealmakers in recent years, but the latest outbreak of violence in the country has sent stocks of Israeli de-SPACs lower to start the week. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
After a weekend in which the US markets maintained a slightly positive outlook year-to-date and hopes increased for US political stability, a war broke out from an unexpected angle. ...READ MORE
Accretion Acquisition Corp. (NASDAQ:ENER) has signed a non-binding letter of intent (LOI) to combine with natural resources company New Era Helium.
The parties have not yet released any financial parameters on the deal, but they expect to execute a definitive agreement together before the end of the year. ...READ MORE
Twin Ridge Capital Acquisition Corp. (NYSE:TRCA) announced in an 8-K that it has amended the share exchange ratio in its combination with automotive wheel-maker Carbon Revolution (ASX:CBR) to a 1-for-10 basis for all merger parties by order of an Australian court. ...READ MORE
FAST Acquisition Corp. II (NYSE:FZT) has closed its combination with hospitality company Falcon’s Beyond and the combined company’s shares, preferred stock and warrants are expected to begin trading on the Nasdaq later today under the symbols “FBYD”, “FBYDP” and “FBYDW”. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
After the first full month without a SPAC IPO in nearly a year and a half, Thursday night saw two new vehicles begin floating, Quetta and Spark I. ...READ MORE
Quetta Acquisition Corporation (Nasdaq: QETAU) announced the pricing of its $60 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “QETAU” on Friday, October 6, 2023. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Much of the conversation around SPACs tends to come in isolation, but Rivian’s (NASDAQ:RIVN) after-hours announcements yesterday show that launching a public EV brand is tough no matter how the company made it to the market. ...READ MORE
BioPlus (NASDAQ:BIOS) announced this morning that it has mutually terminated its combination with medical device company Avertix.
Unlike with many terminations seen recently, this parting of ways does not appear to have come directly as a result of discouraging redemption results ahead of a major vote and the two sides are still well away from their December 31 outside date. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets you to nibble on beside your morning coffee. ...READ MORE
Project Energy (NASDAQ:PEGR) has entered into a definitive agreement to combine with Heramba Electric at a pro forma enterprise value of $450 million or 3.75x its 2022 revenue.
Berlin-based Heramba Electric is to provide charging and electrification equipment to commercial and civil transit vehicles. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets you to nibble on beside your morning coffee. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Singapore’s Vertex Technology Acquisition Corp (VTAC) (VERT.SI)
Graf Acquisition Corp. IV (NYSE:GFOR) has closed its combination with NKGen Biotech and its shares and warrants will begin trading on the Nasdaq under the symbols “NKGN” and “NKGNW” today.
The SPAC secured shareholder approval for the deal last week with 84.3% redemptions. ...READ MORE
Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that its shareholders approved its combination with NKGen Biotech at a special meeting September 25.
A total of 3,386,528 shares were redeemed in connection with the vote, leaving Graf IV with about $27.6 million in the tank and a final redemption rate of 84.3%. ...READ MORE
Anzu Special Acquisition Corp I (NASDAQ:ANZU) has closed its combination with Envoy Medical and its shares and warrants are to begin trading on the Nasdaq under the symbols “COCH” and “COCHW” on October 2. ...READ MORE