GreenLight Biosciences (GRNA) to Be Acquired by Fall Line Capital for $0.30 Per Share

May 30, 2023 Headline Post, INTEL by Nicholas Alan Clayton

GreenLight Biosciences (NASDAQ:GRNA), which combined with Environmental Impact in February 2022, announced this morning that it is being acquired in a go-private transaction by Fall Line Capital for $45.5 million.

While this is a steep valuation decline from its $1.23 billion enterprise value at the announcement of its SPAC deal, this price does represent a 50% premium to GreenLight’s last closing price. ...READ MORE

Redwoods Acquisition Corp. (RWOD) to Combine with ANEW Medical in $94M Deal

May 30, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Redwoods Acquisition Corp. (NASDAQ:RWOD) has entered into a definitive agreement to combine with biotech firm ANEW (OTC PINK:LEAS) at an enterprise value of $94 million.

Cheyenne, Wyoming-based ANEW is developing biosimilar cancer treatments and gene therapies for neurodegenerative conditions. ...READ MORE

Embark (EMBK) to Be Acquired by Applied Intuition at $2.88 Per Share

May 26, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Embark Technology (NASDAQ:EMBK), which combined with Northern Genesis II in November 2021, announced this morning that it has agreed to merge with software firm Applied Intuition.

The all-cash deal would give the company a total equity value of $71 million – a far drop from the roughly $5 billion valuation it had upon its Nasdaq debut. ...READ MORE

OceanTech Acquisition I Corp. (OTEC) Postpones Extension Vote

May 26, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

OceanTech I (NASDAQ:OTEC) announced this morning that it will postpone its special meeting originally scheduled for today for 11:30 ET May 30.

Shareholders are to meet virtually to consider extending OceanTech I’s transaction deadline from by up to one year from June 2 to June 2, 2024 in one-month increments. ...READ MORE

Bridgetown Holdings Limited (BTWN) to Combine with MoneyHero Group in $342M Deal

May 25, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Desktop Metal (DM) to Be Acquired by Stratasys at $1.88 Per Share

May 25, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Desktop Metal (NYSE:DM), which combined with Trine Acquisition Corporation in December 2020, announced it was headed into a new combination this morning as it has agreed to be absorbed an all-stock merger with peer Stratasys that would value it at about $1.88 per share. ...READ MORE

Minority Equality Opportunities Acquisition Inc. (MEOA) Postpones Completion Vote

May 24, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is postponing a vote to complete its combination with cloud services firm Digerati (OTC:DTGI) from 10 am ET today to the same time Friday, May 26. ...READ MORE

Genesis Growth Tech Acquisition Corp. (GGAA) to Combine with NextTrip Holdings

May 23, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Everest Consolidator (MNTN) to Combine with Unifund Financial Technologies in $238M Deal

May 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Everest Consolidator Acquisition Corp. (NYSE:MNTN) has entered into a definitive agreement to combine with consumer debt servicer Unifund at an enterprise value of $238 million, or 4.5x its 2022 revenue.

Cincinnati-based Unifund acquires consumer debts from lenders and provides users means of paying them off over time. ...READ MORE

Minority Equality Opportunities Acquisition Inc. (MEOA) Pushes Extension Vote to May 23

May 22, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is postponing its special shareholder meeting from 10 am ET this morning to 2 pm ET tomorrow, May 23.

Shareholders at the meeting are to consider a proposal allowing the SPAC to extend its deadline three months from May 30 to August 30 in exchange for a $250,000 contribution to its trust. ...READ MORE

Beard Energy Transition (BRD) to Combine with Suntuity Renewables in $249M Deal

May 19, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Beard Energy Transition (NYSE:BRD) has entered into a definitive agreement to combine with solar developer Suntuity at an enterprise value of $249 million.

Holmdel, New Jersey-based Suntuity installs residential solar projects in 25 states through both internal sales staff and channel partners. ...READ MORE

Granite Ridge Resources (GRNT) Calls All Outstanding Warrants

May 19, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Granite Ridge Resources (NYSE:GRNT), which combined with Executive Network Partnering in October 2022, announced this morning that it has launched an offer to exchange all outstanding warrants into 0.25 shares each. ...READ MORE

Forbion European Acquisition Corp. (FRBN) to Combine with enGene

May 17, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Fintech Ecosystem Development Corp. (FEXD) Terminates Combination with Rana Financial

May 16, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Fintech Ecosystem (NASDAQ:FEXD) announced in an 8-K this morning that it has terminated its business combination with financial services provider Rana.

The filing noted that the deal was terminated well before its September 12 outside date because Rana failed to provide audited financial statements to the other parties in a timely manner. ...READ MORE

Dune Acquisition Corporation (DUNE) to Combine with Global Hydrogen in $112M Deal

May 15, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Black Spade Acquisition Co (BSAQ) to Combine with VinFast in $27Bn Deal

May 12, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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EG Acquisition Corp. (EGGF) Postpones Extension Vote

May 12, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

EG Acquisition Corp. (NYSE:EGGF) announced this morning that it is pushing its extension vote from today to 12 pm ET May 19 to give it more time to engage with shareholders. ...READ MORE

Chain Bridge I (CBRG) Investors Complete Non-Redemption Purchases

May 12, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Chain Bridge I (NASDAQ:CBRG) announced this morning that third-party investors had completed the purchase of 175,000 shares on the open market as a part of non-redemption agreements the SPAC has arranged. ...READ MORE

Evergreen Corporation (EVGR) Cancels Vote, Will Auto-Extend

May 11, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Evergreen (NASDAQ:EVGR) announced this morning that it was canceling a special meeting to be held 11 am ET today to extend its deadline and will instead use its ability to automatically extend this date by three months. ...READ MORE

OmniLit Acquisition Corp. (OLIT) to Combine with Syntec Optics in $316M Deal

May 11, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

OmniLit Acquisition Corp. (NASDAQ:OLIT) has entered into a definitive agreement to combine with precision optics-maker Syntec for initial equity consideration of $316 million.

Rochester, New York-based Syntec provides lenses and other optical equipment to the defense, medical and consumer sectors. ...READ MORE

Author: Nicholas Alan Clayton