Digital World Acquisition Corp. (DWAC) Adjourns Extension Vote for TMTG Deal

Digital World (NASDAQ:DWAC) has adjourned its special meeting held this afternoon without finalizing its shareholder vote to extend its timeline to complete its combination with Trump Media (TMTG).

The SPAC, which currently has a deadline of September 8, is asking stockholders to consider amending the company’s amended and restated certificate of incorporation to extend the period of time for completing a business combination up to four times, each by an additional three months, for an aggregate of 12 additional months or such earlier date as determined by the Board of Directors. ...READ MORE

Podcast: Raj Suri, Founder & CEO of Presto

Aug 31, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with Raj Suri, Founder and CEO of Presto. Presto entered into a $634 million combination agreement with Ventoux CCM Acquisition Corp. (NASDAQ:VTAQ) in November 2021.

If you’ve ordered a fast-food meal using a smart touch screen or talking to a voice AI recently, there’s a good chance Presto made that order happen. The ...READ MORE

Podcast: Stuart Landesberg, Founder & CEO of Grove Collaborative (GROV)

Aug 26, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

We spoke with Stuart Landesberg, Founder and CEO of Grove Collaborative (NYSE:GROV). Grove produces a line of sustainable and plastic-free home and personal care goods and it closed a $1.5 billion combination with Virgin Group Acquisition Corp. ...READ MORE

Podcast: Nogin Co-Founder/CEO Jan-Christopher Nugent & SWAG’s Jon Huberman

Aug 18, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with Jan-Christopher Nugent, Co-Founder and CEO of Nogin and Jon Huberman, Chairman, CEO and CFO of Software Acquisition Group Inc. III (Nasdaq: SWAG). The two announced a $658 million combination agreement in February of 2022. ...READ MORE

Podcast: Scott Ford, CEO & Co-Founder of Westrock Coffee

Aug 17, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week we speak with Scott Ford, CEO and Co-Founder of Westrock Coffee.

Westrock entered into a $1.1 billion combination agreement with Riverview Acquisition Corp. (Nasdaq: RVAC) in April of 2022, and has grown into the #1 wholesale provider of coffee and tea to US restaurants. ...READ MORE

Breeze Holdings (BREZ) Terminates Deal with D-Orbit

Aug 12, 2022 Deal Announcements & Amendments, INTEL by Kristi Marvin

Breeze Holdings Acquisition Corp. (NASDAQ:BREZ) announced late this afternoon that it has mutually terminated its combination with space logistics firm D-Orbit.

Tellingly, Breeze and D-Orbit cited market conditions as the reason for termination, which has become a common refrain for the SPAC market. ...READ MORE

Podcast: Dr. Denis Phares, CEO of Dragonfly Energy & Jonas Grossman CEO/Pres. of CNTQ

Aug 10, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with Dr. Denis Phares, CEO of Dragonfly Energy and Jonas Grossman, CEO and President of Chardan NexTech Acquisition 2 Corp. (Nasdaq: CNTQ). The two announced a $501 million combination agreement in May. ...READ MORE

Internal Battle Results in Resignations for Anzu Special Acquisition Corp I

Aug 4, 2022 INTEL, SPACs in the News by Kristi Marvin

It’s one thing to negotiate with a target company, but quite another when you have to negotiate with your own team. For Anzu Special Acquisition Corp. I (NASDAQ:ANZU), which filed an 8-K this afternoon, it appears that internal disagreements in regards to strategy have resulted in the loss of their CFO, General Counsel & Secretary, Chairman of the Board, and a Director, all of which have resigned. ...READ MORE

Podcast: Anil Mathews, Founder & CEO of Near

Aug 3, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with Anil Mathews, Founder and CEO of Near.

Near announced a $754 million combination agreement with KludeIn I Acquisition Corp (Nasdaq: INKA), in May of this year. ...READ MORE

Quantum Fintech (QFTA) Rejects TradeStation’s Termination of Merger Agreement

Aug 2, 2022 Deal Announcements & Amendments, INTEL, SPACs in the News by Kristi Marvin

Quantum Fintech Acquisition Corp. (NASDAQ:QFTA), filed an 8-K this afternoon laying out a potential battle regarding their business combination with TradeStation. This is oddly reminiscent of Dune’s current battle with TradeZero, including even the selling company names. ...READ MORE

Podcast: Jim Zukin Discusses the Reasonable Basis Review (“RBR”) for SPACs

Jul 29, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

We spoke with Jim Zukin, the CEO & Chairman of Zukin Certification Services, and former Co-Founder of Houlihan Lokey, about his new product – the Reasonable Basis Review, or “RBR”. ...READ MORE

Podcast: American Acquisition Opportunity (AMAO) CFO Kirk Taylor

Jul 27, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with Kirk Taylor, President and CFO of American Acquisition Opportunity Inc. (Nasdaq: AMAO).

It announced a $97 million combination agreement with Royalty Management Corporation in June.

Royalty Management has pulled together a range of unique financing deals that give it royalties on business activities ranging from water treatment utilities to coal exploration and land renewal. ...READ MORE

Two Former SPACs Heat Up the M&A Market

Jul 25, 2022 INTEL by Kristi Marvin

Ginkgo Bioworks Inc. (NYSE: DNA), the cell programming company which previously combined with Soaring Eagle Acquisition Corp. in September of 2021, announced this morning that it would be buying the biotech company Zymergen (Nasdaq: ZY), in an all-stock transaction. ...READ MORE

Podcast: Freightos CEO Zvi Schreiber & Gesher I CEO Ezra Gardner

Jul 20, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with Zvi Schreiber, CEO of Freightos, and Ezra Gardner, CEO of Gesher I Acquisition Corp.

The two companies entered into a $436 million business combination last month. ...READ MORE

Dune (DUNE) Rejects TradeZero’s Termination of Merger Agreement

Jul 16, 2022 INTEL by Kristi Marvin

Looks like the Delaware Courts are going to be busy this summer…

Dune Acquisition Corp. (NASDAQ:DUNE), which previously launched a lawsuit against its combination partner TradeZero, while Dune’s Board also recommended shareholders vote against this deal, is nonetheless rejecting TradeZero’s termination of their merger agreement. ...READ MORE

Podcast: Voltus CEO Gregg Dixon

Jul 13, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we will be speaking with Voltus CEO Gregg Dixon. Voltus entered into a $822 million combination agreement with Broadscale Acquisition Corp. (Nasdaq: SCLE), in December of 2021.

Voltus runs software that allows customers to manage their distributed energy resources in a way that both monetizes the energy they have stored and reduces the strain on the wider grid. ...READ MORE

Gobi Acquisition Corp. Wants Shareholders to Vote on Liquidating

Jul 6, 2022 INTEL by Kristi Marvin

In a usual move this afternoon, Gobi Acquisition Corp. (Nasdaq: GOBI) filed a proxy for a shareholder vote, but it’s not to extend its deadline. Instead, Gobi intends to shrink its timeline so it can liquidate early. ...READ MORE

Podcast: Nauticus Robotics Founder/CEO Nic Radford & CleanTech’s CEO Eli Spiro

Jul 6, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with Nic Radford, Founder and CEO of Nauticus Robotics and Eli Spiro, CEO of CleanTech Acquisition Corp (Nasdaq: CLAQ).

The two announced a $377 million dollar combination agreement in December of 2021. ...READ MORE

Second Quarter & First Half of 2022 Review

Jul 1, 2022 INTEL by Kristi Marvin

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Podcast: Semantix GM Andre Frederico & Alpha Capital’s Rafael Steinhauser

Jun 22, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with Andre Frederico, general manager for Latin American data firm Semantix and Rafael Steinhauser, co-founder and CEO of Alpha Capital Acquisition Company (Nasdaq: ASPC).

Semantix entered into an $693 million dollar combination agreement with Alpha Capital Acquisition Company in November 2021. ...READ MORE

Author: Kristi Marvin

Looks like the Delaware Courts are going to be busy this summer…