AMCI Acquisition Corp. II (NASDAQ:AMCI) announced in an 8-K this morning that it has signed a new forward purchase agreement (FPA) covering up to two-thirds of its outstanding public shares.
The agreement comes in the form of an over-the-counter equity prepaid forward transaction, under which the investor, ACM ARRT H, will purchase up to 10,000,000 shares previously tendered for redemption before close. ...READ MORE
Viveon Health (NYSE:VHAQ) announced this morning that it is unilaterally terminating its combination with Suneva Medical “based upon material breaches” of the merger agreement.
The SPAC did not elaborate further on its claims against Suneva, but noted it will continue on and seek a new business combination. ...READ MORE
FAST II (NYSE:FZT) announced this morning that it has amended its combination with resort operator Falcon’s Beyond, shifting more value from both sides into earn-outs.
The deal’s $1 billion enterprise value technically remains, but Falcon’s Beyond shareholders will receive less equity at close. ...READ MORE
Bill Ackman is still tinkering with his SPARCs.
In a new S-1/a filed this morning, the Pershing Square founder provided an update to his proposed model that is “not a SPAC”, but that would do some SPAC-like things. ...READ MORE
Crown PropTech Acquisitions (NYSE:CPTK) announced in an 8-K this morning that it is offering certain investors a share of promote shares in exchange for not redeeming their Class A shares at an upcoming February 7 extension vote. ...READ MORE
Lionheart III (NASDAQ:LION) announced in an 8-K this morning that its shareholders approved its combination with advanced materials company Security Matters (ASX:SMX) at a special meeting January 30.
The filing did not divulge redemption figures, but the SPAC’s shares spiked to a high of $14.00 on the day of the vote before settling to a close at $10.50, above its estimated trust value of $10.35 per share. ...READ MORE
Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA) announced in an 8-K that it has inked new non-redemption agreements after postponing its initial extension vote.
The SPAC has agreed to allocate up to 37,500 promote shares (1.1%) to investors holding in exchange for them agreeing not to redeem an aggregate of 150,000 shares at the vote now rescheduled to January 31. ...READ MORE
European Biotech (NASDAQ:EBAC) announced in an 8-K this morning that it has increased its PIPE by $7.8 million and added $7 million to the convertible loans attached to the combination with biotech firm Oculis. ...READ MORE
DHC Acquisition Corp (NASDAQ:DHCA) announced that it is formally terminating its combination with conservative banking venture GloriFi.
This was essentially a formality because the SPAC already announced in November that GloriFi had begun the process of winding down. ...READ MORE
Health Sciences 2 (NASDAQ:HSAQ) announced that it closed its combination with Orchestra BioMed on January 26.
HSAQ ahead of its vote pre-announced redemption figures of 1,597,888 shares equating to 67.7% redemptions, however, that’s still subject to change. ...READ MORE
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi. ...READ MORE
Constellation Acquisition Corp. I (NYSE:CSTA) announced in an 8-K this morning that it intends to adjourn today’s 8 am ET extension vote until 5 pm ET tomorrow, January 27, as it continues to engage with investors. ...READ MORE
Viveon Health (NYSE:VHAQ) has adjourned its special meeting to complete its transaction with Suneva Medical until 12 pm ET February 3.
The SPAC noted that it received requests to redeem 1,798,631 shares in connection with the vote out of 1,844,774 public shares it had remaining. ...READ MORE
Noble Rock (NASDAQ:NRAC) announced in an 8-K this morning that it is transferring control of its sponsor to Meteora Special Opportunity Fund, Singh Capital Partners and affiliates.
The terms of this transaction have not yet been made public, but it will result in changes to both the SPAC’s management and Board. ...READ MORE
Jack Creek (NASDAQ:JCIC) announced that its shareholders have approved its combination with Bridger Aerospace at a special meeting earlier today.
The parties have not yet released redemption figures, but the six SPACs that have completed deals since December 1 and reported results had an average of about 96.6% of shares redeemed. ...READ MORE
