Podcast: SilverBox Capital’s Stephen Kadenacy and Joe Reece
This week, we speak with Joe Reece and Stephen Kadenacy, from the SilverBox team. Joe and Stephen led the Boxwood Merger Corp. and SilverBox Engaged Merger Corp. I transactions, as well as recently priced the SilverBox Corp. ...READ MORE
Lakeshore Acquisition II Corp. (LBBB) Signs Standby Equity Purchase Agreement
Lakeshore II (NASDAQ:LBBB) filed an 8-K this afternoon announcing it has signed a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd. (“Yorkville”) in relation to its proposed Business Combination with Nature’s Miracle, Inc. ...READ MORE
The Latest Non-Redemption Agreements: April 7, 2023
Latest Non-Redemption Agreements: Concord Acquisition Corp. III
Concord Acquisition Corp. III (CNDB) Adds Non-Redemption Agreement
On April 6, 2023, Concord Acquisition Corp. III (NYSE:CNDB) and its sponsor entered into one or more agreements with one or more third parties in exchange for them agreeing not to redeem shares of an unknown number of the company’s Class A common stock in connection with its extension meeting to be held May 4, 2023. ...READ MORE
The Latest Liquidations: April 7, 2023
Latest SPAC Liquidations: Games & Esports Experience Acquisition Corp.
Games & Esports Experience Acquisition Corp (GEEX) to Liquidate
Games & Esports Experience Acquisition Corp. (Nasdaq: GEEX) announced today that it will redeem all of the issued and outstanding Class A ordinary shares on or prior to April 14, 2023, because the Company’s sponsor has determined that it will not make an additional contribution to the Company’s trust account required in order to extend the April 7, 2023 deadline. ...READ MORE
Podcast: Sudhir Panikassery, Founder & CEO of Aeries Technology, and Daniel Webb of Worldwide Webb
SPACs have been searching hard for combination targets with lean balance sheets and strong cash flow. So, why not combine with a company that helps other companies develop lean balance sheets and strong cash flow? ...READ MORE
New SPAC: Ares Acquisition Corporation II Files for $400M IPO
Ares Acquisition Corporation II (NYSE:AACT) filed its S-1 yesterday afternoon for a $400 million IPO, marking the second SPAC to file for an IPO in March and the largest since December 20, 2021, when Gores Holdings X Inc. ...READ MORE
Podcast Bonus Episode: What’s Driving SPACs Offshore?
Between the various recent cases in the Delaware courts, such as Boxed, which involved the different SPAC voting classes, or the Multiplan case, or Arrival, all of which are in addition to the 1% excise tax on share buybacks, there has been a noticeable trend of SPACs moving to off-shore domiciles. ...READ MORE
Podcast: Greg Moran, Co-Founder and CEO of Zoomcar
Fighting for digital services market share in developed markets can be uphill sledding, but what if what you are offering has no legacy competitor to replace?
This week, we speak with Greg Moran, Co-Founder and CEO of Zoomcar. Zoomcar ...READ MORE
Podcast: Tim Sheehy, Founder and CEO of Bridger Aerospace
For better or worse, fighting fires is big business. This week, we speak with Tim Sheehy, Founder and CEO of Bridger Aerospace (NASDAQ:BAER).
Bridger operates a fleet of firefighting airplanes and support vehicles in the Western United States and it closed a combination with Jack Creek Investment Corporation on January 25th. ...READ MORE
Continental on SPAC Trust Accounts
In light of the recent failure of Silicon Valley Bank and Signature Bank, there have been some inquiries as to where SPAC trusts are held. Continental Stock Transfer & Trust had already confirmed that Silicon Valley Bank was not one of their approved asset managers and therefore none of the SPACs that used Continental as a Trustee would be in danger of having their funds held there. ...READ MORE
Podcast: Zapp Founder & CEO Swin Chatsuwan and CIIG II Co-Ceo Gavin Cuneo
Whether you’re bullish on the North American EV car boom or not, there are exciting things happening on two wheels in Europe and Asia.
This week, we speak with Swin Chatsuwan, Founder and CEO of Zapp. ...READ MORE
