Mars Acquisition Corp. (MARX) to Combine with ScanTech Identification Beam Systems in $150M Deal
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First Light Acquisition Group (FLAG) Expands FPA for Calidi Deal
First Light Acquisition Group, Inc. (NYSE:FLAG) announced in an 8-K this morning that it has brought additional funding to its combination with Calidi Therapeutics through a non-redemption agreement, forward purchase agreement (FPA) and PIPE. ...READ MORE
Fusion Acquisition Corp. II (FSNB) Signs LOI with Hyperloop Transportation
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
Graf Acquisition Corp. IV (GFOR) Adjourns Completion Vote
Graf Acquisition Corp. IV (NYSE:GFOR) announced this morning that it plans to adjourn today’s vote to complete its combination with NKGen without conducting any business.
The special meeting will be pushed to 10:30 am ET September 8. ...READ MORE
Viveon Health Acquisition Corp. (VHAQ) Doubles Clearday Valuation in Re-Strike
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
First Light Acquisition Group (FLAG) Signs FPA, Secures Shareholder Approval for Calidi Deal
Aug 29, 2023
De-SPAC Votes and Redemptions, Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
First Light Acquisition Group, Inc. (NYSE:FLAG) announced in an 8-K this morning that it has both secured shareholder approval for its combination with Calidi Therapeutics and entered into a forward purchase agreement (FPA) covering up to 340,000 shares to support it. ...READ MORE
Fifth Wall Acquisition Corp. III (FWAC) Closes Mobile Infrastructure Deal
Fifth Wall III (NASDAQ:FWAC) announced today that it has closed its combination with parking asset owner Mobile Infrastructure, and the combined company’s stock began trading on the NYSE American under the symbol “BEEP” today. ...READ MORE
CF Acquisition Corp. VIII (CFFE) Shareholders Approve Exela Deal
CF VIII (NASDAQ:CFFE) announced in an 8-K this morning that its shareholders voted to approve its combination with B2B software firm Exela at a special meeting August 24.
The SPAC has not yet shared its redemption figures from the vote, but had already dispersed about 94.2% of its trust through earlier extension votes. ...READ MORE
Denali Capital Acquisition Corp. (DECA) Adds $18M PIPE to Longevity Deal
Denali Capital (NASDAQ:DECA) announced in an 8-K that it has added $18 million in equity funding to its combination with biotech firm Longevity through the sale of newly issued series A preferred shares. ...READ MORE
Vahanna Tech Edge Acquisition I Corp. (VHNA) Adds FPA to Roadzen Deal
Vahanna Tech I (NASDAQ:VHNA) announced in an 8-K this morning that it has signed a forward purchase agreement with Meteora Capital Partners and affiliates covering up to 5,000,000 shares or 9.9% of Vahanna’s total public float at close. ...READ MORE
Prime Number Acquisition I Corp. (PNAC) Closes Noco-Noco Deal
Prime Number I (NASDAQ:PNAC) announced this morning that it expects to close its combination with EV battery-maker Noco-Noco later today.
The combined company’s shares and warrants are expected to begin trading on the Nasdaq under the symbols “NCNC” and “NCNCW” beginning August 28. ...READ MORE
SEP Acquisition Corp. (SEPA) to Combine with SANUWAVE in $127M Deal
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
Clean Energy Special Situations Corp. (SWSS) Adjourns Extension Vote
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
Finnovate Acquisition Corp. (FNVT) to Combine with Scage International in $1Bn Deal
Finnovate (NASDAQ:FNVT) has entered into a definitive agreement to combine with sustainable heavy truck manufacturer Scage at post-money valuation of $1 billion.
Nanjing, China-based Scage is developing a line of hybrid heavy trucks for use in the mining and road freight sectors. ...READ MORE
Compass Digital Acquisition Corp. (CDAQ) Sells Sponsor Economics to Hennessy Team
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
The Growth for Good Acquisition Corporation (GFGD) Adds $5M PIPE to ZeroNox Deal
The Growth for Good (NASDAQ:GFGD) announced this morning that it has added a $5 million PIPE to its combination with EV-maker ZeroNox with the participation of several strategic investors.
The PIPE is set at $10 per share, but The Growth for Good has not yet filed other terms. ...READ MORE
SDCL EDGE Acquisition Corporation (SEDA) Signs LOI with KME’s Aerospace Business
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
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
Hainan Manaslu Acquisition Corp. (HMAC) Closes Able View Deal
Hainan Manaslu Acquisition Corp. (NASDAQ:HMAC) announced that it has closed its combination with Able View and the beauty brand company’s shares and warrants are to begin trading on the Nasdaq under the symbols “ABLV” and “ABLVW”, tomorrow August 18. ...READ MORE
Nova Vision Acquisition Corp. (NOVV) Re-Strikes Real Messenger Deal
Nova Vision (NASDAQ:NOVV) announced in an 8-K this morning that it has re-worked its combination with social real estate platform Real Messenger, lowering the equity value to be issued to the company by -40% to $45 million from $75 million. ...READ MORE