Canna-Global Acquisition Corp. (CNGL) to Combine with New Quantum in $800M Deal
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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
Minority Equality Opportunities Acquisition Inc. (MEOA) Pushes Completion Vote to June 30
Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it postponing its special meeting to complete its combination with cloud services firm Digerati (OTC:DTGI) for a fifth time, now to June 30. ...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
Priveterra Acquisition Corporation (PMGM) to Adjourn Completion Vote Second Time to June 13
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to once again adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 13. ...READ MORE
MedTech Acquisition Corp (MTAC) Adds Convertible Note, Backstop to TriSalus Deal
MedTech Acquisition Corp. (NASDAQ:MTAC) announced in an 8-K this morning that it has added a $17.8 million convertible share investment and $2 million backstop to its pending combination with TriSalus Life Sciences. ...READ MORE
Avalon Acquisition Inc. (AVAC) Shareholders Approve Beneficient Company Deal
Avalon Acquisition Inc. (NASDAQ:AVAC) has secured shareholder approval for its combination with financial services firm Beneficient with about 87% of shares redeemed at the final vote.
The redemptions removed all but $27.9 million from Avalon’s trust, but the transaction did not include a minimum cash condition beyond the $5 million required for listing purposes. ...READ MORE
Rice Acquisition Corp. II (RONI) Shareholders Approve NET Power Deal
Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions.
In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust. ...READ MORE
Trajectory Alpha Acquisition Corp. (TCOA) Postpones Extension Vote
Trajectory Alpha (NYSE:TCOA) announced in an 8-K this morning that it has opted to postpone its June 8 extension vote to June 12 at 10 am ET.
The SPAC will use this extra time to engage with shareholders at work to reverse redemption decisions. ...READ MORE
Blue Ocean Acquisition Corp. (BOCN) to Combine with TNL Mediagene in $275M Deal
Blue Ocean (NASDAQ:BOCN) has entered into a definitive agreement to combine with digital media company TNL Mediagene at a pre-money enterprise value of $275 million.
TNL Mediagene holds the Japanese licenses for a number digital media properties as well as Taipei-based The News Lens. ...READ MORE
Priveterra Acquisition Corporation (PMGM) Pushes Completion Vote to June 9
Jun 6, 2023
De-SPAC Votes and Redemptions, Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. ...READ MORE
Phoenix Biotech Acquisition Corp. (PBAX) to Combine with CERo Therapeutics in $112M Deal
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Seaport Global Acquisition II Corp. (SGII) to Combine with American Battery Materials (BLTH) in $225M Deal
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Blue Ocean Acquisition Corp (BOCN) Postpones Extension Vote
Blue Ocean (NASDAQ:OTEC) announced this morning that it is pushing its extension vote scheduled for 11 am ET today to 2 pm ET, June 6.
Shareholders at the special meeting are to vote on a proposal to allow Blue Ocean to automatically extend its transaction deadline up to 12 times in one-month increments from June 7 to June 7, 2024. ...READ MORE
Pegasus Digital Mobility Acquisition Corp. (PGSS) to Combine with SCHMID GROUP in $640M Deal
Pegasus Digital (NYSE:PGSS) has entered into a definitive agreement to combine with equipment manufacturer SCHMID at an enterprise value of $640 million.
Freudenstadt, Germany-based SCHMID makes silicon and glass components for the solar energy industry and electronics, including substrates for the broader technology space. ...READ MORE
Wejo (WEJO) Files for Insolvency in UK
Vehicle data-tracker Wejo (NASDAQ:WEJO) announced in an 8-K this afternoon that it has filed its intention to appoint an administrator to oversee its insolvency and it is evaluating whether it will do so in the United States as well. ...READ MORE