Archives: Spacs

Spacs Information Page

Cactus Acquisition Corp. 1 Limited *

Jul 20, 2021 by sam.beattie

PROPOSED BUSINESS COMBINATION: Tembo Group

ENTERPRISE VALUE: $904 million
ANTICIPATED SYMBOL: tbd

Cactus Acquisition Corp. 1 Limited proposes to combine with Tembo Group.

Tembo electric utility vehicles (EUVs) are a 100% electric solution for ruggedised and/or customised applications for fleet owners in the mining, agriculture, energy utilities, defence, police, construction, infrastructure, government, humanitarian, and game safari industries. ...READ MORE

Pacifico Acquisition Corp. *

Jul 20, 2021 by Anthony Sozzi

PROPOSED BUSINESS COMBINATION: Caravelle Group Co., Ltd

ENTERPRISE VALUE: $527 million
ANTICIPATED SYMBOL: TBD

Pacifico Acquisition Corp. has entered into a proposed business combination with Caravelle Group Co., Ltd.

Caravelle is a global ocean transportation technology company, and its Co-Tech solution (Carbon-neutral Ocean transportation technology) actively utilizes huge idle time and space in ocean transportation. ...READ MORE

Seaport Calibre Materials Acquisition Corp.

Jul 19, 2021 by Anthony Sozzi

SUBSEQUENT EVENT – 1/30/23 – LINK

  • The SPAC entered into one or more agreements with one or more third parties holding an aggregate of 150,000 shares of common stock in exchange for them agreeing not to redeem
    • The Non-Redemption Agreements provide for the allocation of up to 37,500 shares of Class B common stock of the Company held by the Sponsors in exchange for such investor and/or investors agreeing to hold and not redeem certain public shares at the Meeting.
...READ MORE

Aesther Healthcare Acquisition Corp. *

Jul 19, 2021 by Anthony Sozzi

PROPOSED BUSINESS COMBINATION: Ocean Biomedical, Inc.

ENTERPRISE VALUE: $274.875 million
ANTICIPATED SYMBOL: OCEA

Aesther Healthcare Acquisition Corp. proposes to combine with Ocean Biomedical, Inc., a Providence, Rhode Island-based biopharma company with an innovative business model that accelerates the development and commercialization of scientifically compelling assets from research universities and medical centers. ...READ MORE

Oxbridge Acquisition Corp. *

Jul 19, 2021 by sam.beattie

PROPOSED BUSINESS COMBINATION: Jet.AI Inc.

ENTERPRISE VALUE: $73.9 million
ANTICIPATED SYMBOL: tbd

Oxbridge Acquisition Corp proposes to combine with Jet.AI Inc.

Jet Token, a Delaware corporation headquartered in Las Vegas, Nevada, was founded in 2018 by Michael Winston, its Executive Chairman. ...READ MORE

Aquarius II Acquisition Corp.

Jul 16, 2021 by sam.beattie

MANAGEMENT & BOARD


Executive Officers

Yan Zhang, 41
Chief Executive Officer and Director

Since May 2021, Ms. Zhang has served as the president of Lion Group Holding Ltd. (Nasdaq: LGHL), or Lion, an online trading platform company, and she has conducted her own financial consulting services for her own clients from July 2020 to April 2021.

...READ MORE

Abri SPAC I, Inc. *

Jul 15, 2021 by Anthony Sozzi

PROPOSED BUSINESS COMBINATION: DLQ, Inc.

ENTERPRISE VALUE: TBD
ANTICIPATED SYMBOL: tbd

Abri SPAC I, Inc. proposes to combine with DLQ, Inc., a provider of digital consumer acquisition solutions, and a wholly-owned subsidiary of Logiq, Inc. ...READ MORE

Banner Acquisition Corp. *

Jul 15, 2021 by sam.beattie

LIQUIDATION – 5/3/23 – LINK

  • The Company anticipates that the last day of trading in the Class A ordinary shares will be May 12, 2023.
    • The per-share redemption price will be approximately $10.27

LETTER OF INTENT – 3/7/23 – LINK

  • Banner has entered into multiple letters of intent with target companies in the sector and intends to continue seeking additional acquisition targets that provide services in areas such as cleaning, HVAC, plumbing, landscaping, pest control, residential solar and energy management, restoration, facility management and other related businesses.
...READ MORE

Peridot Acquisition Corp. III

Jul 14, 2021 by sam.beattie

MANAGEMENT & BOARD


Executive Officers

Preston Powell, 34
Chief Executive Officer and Director

Mr. Powell is currently an Operating Partner for Carnelian and will lead the sourcing, diligence and other efforts in connection with evaluating a busines combination for the company.

...READ MORE

Sachem Acquisition Corp.

Jul 14, 2021 by Anthony Sozzi

MANAGEMENT & BOARD


Executive Officers

John L. Villano, 61
Chairman, Chief Executive Officer, President, Chief Financial Officer, Secretary and Treasurer; and Director

He is a founder of Sachem Capital Corp., the sole member of our sponsor.

...READ MORE

Metals Acquisition Corp

Jul 12, 2021 by sam.beattie

PROPOSED BUSINESS COMBINATION: CSA Copper Mine

TRANSACTION VALUE: $1.1 billion
ANTICIPATED SYMBOL: TBD

Metals Acquisition Corp proposes to combine with CSA Copper Mine.

CSA is a producing, high-grade, long-life, underground copper mine located in the Tier 1 mining jurisdiction of western New South Wales, Australia. ...READ MORE

Activate Permanent Capital Corp.

Jul 9, 2021 by Anthony Sozzi

MANAGEMENT & BOARD


Executive Officers

Tim Healy, 52
Chief Executive Officer and Director

Tim is an experienced Executive Chairman, Chief Executive Officer, and entrepreneur, with a demonstrated history scaling businesses in the information technology, energy, and managed services industries.

...READ MORE

Blue Whale Acquisition Corp I

Jul 9, 2021 by Anthony Sozzi

LIQUIDATION – 7/28/23 – LINK

  • The Company anticipates that the last day of trading in the Class A ordinary shares will be August 4, 2023.
    • The per-share redemption price will be approximately $10.15

MANAGEMENT & BOARD


Executive Officers

Maxime Franzetti, 41
Chief Executive Officer and Director

Maxime Franzetti joined Mubadala in 2008 and was a founding member of Mubadala Capital in 2011 where he currently is the Head of Public Equities and SPACs.

...READ MORE

Adnant Concepcion Acquisition Corp.

Jul 9, 2021 by Anthony Sozzi

MANAGEMENT & BOARD


Executive Officers

Sabas Carrillo, 45
Director, Chief Executive Officer and Chairman

Sabas Carrillo is the Founder and CEO of Adnant, LLC, an accounting and consulting firm focused on the cannabis industry with an expertise in advising companies on the go-public process.

...READ MORE