The Latest SPAC News and Rumors: December 27, 2022

Dec 27, 2022 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Wentworth appoints Larry Roth as Executive Chairman, James Murdoch and Uday Shankar veer away from SPACs

Wentworth Management names industry veteran Larry Roth as post-close Executive Chairman

Upon completion of the business combination, wealth management industry leader Larry Roth will become executive chairman of the newly created firm, named Binah. ...READ MORE

Tailwind Acquisition Corp. (TWND) Shareholders Approve NUBURU Deal

Dec 27, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Tailwind (NYSE:TWND) announced this morning that its shareholders approved its combination with laser technology firm NUBURU at a special meeting earlier today.

The press release did not include redemption figures or a closing date, and Tailwind has a few days to wrap things up before its initial January 9 transaction deadline. ...READ MORE

Ace Global Business (ACBA) to Combine with LE Worldwide in $150M Deal

Dec 23, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Northern Star II (NSTB), Pivotal III (PICC) Ink Non-Redemption Pacts

Dec 23, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) each announced this morning that they have signed non-redemption agreements a day after adjourning their extension votes.

The moves are functionally identical with each securing the agreement of third parties not to redeem a total of 200,000 shares in each SPAC that were previously purchased at the vehicles’ IPOs. ...READ MORE

Biotech Acquisition Company (BIOT) Sells Sponsor Economics

Dec 23, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Biotech Acquisition Company (NASDAQ:BIOT) announced in an 8-K that it has agreed to sell most of its sponsor economics and undergo a management change.

An investor registered as IREEM LLC is purchasing 5,455,000 of Biotech’s promote shares (94.8%) and all 6,000,000 of its private placement warrants for $470,000 in total. ...READ MORE

10X Capital Venture Acquisition Corp. III (VCXB) to Combine with Sparks Energy in $475M Deal

Dec 21, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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HCM Acquisition Corp (HCMA) Postpones Extension Vote

Dec 20, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

HCM Acquisition Corp (NASDAQ:HCMA) announced in an 8-K that it would postpone its special meeting set for 10 am ET this morning to extend the company’s transaction deadline. The meeting will be held, if at all, at a later date to be determined by the board of directors of the Company. ...READ MORE

Edify Acquisition Corp. (EAC) to Combine with Unique Logistics International

Dec 19, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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The Latest Liquidations: December 16, 2022

Dec 16, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Latest SPAC Liquidations: Velocity, Hennessy Capital V, Glass Houses, Figure I

Velocity Acquisition Corp. (VELO) to Liquidate on December 20

Velocity Acquisition Corp. (NASDAQ:VELO) will not consummate an initial business combination and intends to dissolve and liquidate effective as of the close of business on December 20, 2022. ...READ MORE

Aries I Acquisition Corp. (RAM) Terminates Infinite Assets Deal

Dec 16, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has terminated its combination agreement with metaverse technology firm Infinite Assets.

The SPAC plans to continue to seek out a combination target, but will likely have to fund extensions to do so. ...READ MORE

Sizzle Acquisition Corp. (SZZL) Postpones Extension Vote

Dec 16, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Sizzle (NASDAQ:SZZL) announced that will be postponing its upcoming extension vote from December 19 to a date yet to be determined in February.

This is likely to come in the first week of the month as the SPAC has its existing transaction deadline set for February 8. ...READ MORE

M3-Brigade Acquisition II Corp. (MBAC) Postpones Extension Vote

Dec 16, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

M3-Brigade Acquisiition II Corp. (NYSE:MBAC) announced that it is pushing its extension vote from December 19 to December 23 at 9:30 am ET.

The SPAC is seeking a full-year extension from its existing deadline of March 8, 2023 to March 8, 2024 and is attempting to give shareholders more time to potentially reverse redemption decisions. ...READ MORE

Golden Falcon Acquisition Corp. (GFX) Adjourns Extension Vote

Dec 16, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Golden Falcon (NYSE:GFX) announced that it convened and adjourned its extension vote today to 11 am ET, December 20.

The SPAC likely hopes to use this additional time to flip votes and redemption decisions after recently announcing its combination with Turkish air freight hauler MNG Airlines. ...READ MORE

Redwoods Acquisition Corp. (RWOD) Signs Agreement of Intent with Xin Bo Xing

Dec 16, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Redwoods Acquisition Corp. (NASDAQ:RWOD) announced in a 425 filing that it has signed an agreement of intent to combine with material technology company Xin Bo Xing.

The parties intend to arrange a PIPE for the transaction involving several private funds and the combined company would be listed on the Nasdaq, according to the filing. ...READ MORE

The Latest SPAC News and Rumors: December 16, 2022

Dec 16, 2022 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Execs leave Digital World as Trump Launches NFT collection, Faraday Future slides on capex plans

Three Execs Abruptly Depart SPAC As Lingering Investigations And Market Chaos Imperil Deal

Digital World Acquisition Corp., ...READ MORE

Churchill Capital Corp V (CCV) Signs Non-Binding LOI

Dec 16, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Churchill Capital Corp V (NYSE:CCV) announced in an 8-K filing this morning that it has signed a non-binding letter of intent (LOI) to combine with a target company and will be extending its transaction deadline to March 18, 2023. ...READ MORE

Global System Dynamics Inc (GSD) to Combine with DarkPulse in $145M Deal

Dec 15, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Rice Acquisition Corp. II (RONI) to Combine with NET Power in $1.5Bn Deal

Dec 14, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Fifth Wall Acquisition Corp. III (FWAC) to Combine with Mobile Infrastructure in $550M Deal

Dec 14, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Priveterra Acquisition Corp. (PMGM) to Combine with AEON Biopharma in $201M Deal

Dec 13, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Author: Nicholas Alan Clayton

Latest SPAC News: Wentworth appoints Larry Roth as Executive Chairman, James Murdoch and Uday Shankar veer away from SPACs

Wentworth Management names industry veteran Larry Roth as post-close Executive Chairman

Latest SPAC Liquidations: Velocity, Hennessy Capital V, Glass Houses, Figure I

Velocity Acquisition Corp. (VELO) to Liquidate on December 20

Latest SPAC News: Execs leave Digital World as Trump Launches NFT collection, Faraday Future slides on capex plans

Three Execs Abruptly Depart SPAC As Lingering Investigations And Market Chaos Imperil Deal