New Vista Acquisition Corp. (NASDAQ: NVSA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with private aviation firm Verijet Holding Company LLC.
Although details on the proposed merger remain limited for the time being, the SPAC expects to announce further information once a definitive agreement has been finalized. ...READ MORE
Crown PropTech Acquisitions (NYSE:CPTK) announced in an 8-K this morning that it is offering certain investors a share of promote shares in exchange for not redeeming their Class A shares at an upcoming February 7 extension vote. ...READ MORE
Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote.
The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31. ...READ MORE
European Biotech (NASDAQ:EBAC) announced in an 8-K this morning that it has increased its PIPE by $7.8 million and added $7 million to the convertible loans attached to the combination with biotech firm Oculis. ...READ MORE
Insight Acquisition Corp. (NYSE: INAQ) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with oil and gas developer Avila Energy Corporation (CSE:VIK).
The parties have agreed to negotiate the terms of the transaction on an exclusive basis through February 24, at which point Insight may extend the term for an additional 15 calendar days. ...READ MORE
dMY Technology Group, Inc. VI (NYSE: DMYS) announced this morning that it has launched a tender offer to purchase up to 24,150,000 of its shares of Class A common stock in connection to its business combination with Rain Enhancement Technologies. ...READ MORE
BlueRiver Acquisition Corp. (NYSE:BLUA) announced in an 8-K filing this afternoon that it has entered into a non-redemption agreement with one or more unaffiliated third parties after signing a non-binding letter of intent (LOI) yesterday. ...READ MORE
Pathfinder Acquisition Corp. (NASDAQ:PFDR) announced that it has postponed its extension vote from Wednesday, February 1 to Friday, February 17.
At the special meeting, Pathfinder is hoping to gain shareholder approval to extend its completion deadline from February 19 to May 19 and to further extend it by another month, for a total of four months, until June 19. ...READ MORE
Seaport Global Acquisition II Corp. (NASDAQ:SGII) announced in an 8-K filing this afternoon that it has signed one or more non-redemption agreements with third-party investors holding an aggregate of 200,000 shares of common stock. ...READ MORE
Jack Creek (NASDAQ:JCIC) announced that its shareholders have approved its combination with Bridger Aerospace at a special meeting earlier today.
The parties have not yet released redemption figures, but the six SPACs that have completed deals since December 1 and reported results had an average of about 96.6% of shares redeemed. ...READ MORE
TKB Critical Technologies 1 (NASDAQ:USCT) announced that it has postponed its extension vote to Friday, January 27 at 4:00 p.m. ET.
The special meeting, originally scheduled for yesterday, is being held to vote on an amendment to extend TKB’s completion deadline from January 29 to June 29. ...READ MORE
Blockchain Coinvestors I (NASDAQ:BCSA) announced in an 8-K filing this morning that it has signed non-redemption agreements with unaffiliated investors to keep more cash in its trust through its January 27 extension vote. ...READ MORE
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced that it has pushed its extension vote back until Monday, February 6.
The special meeting, which was originally scheduled for Tuesday, January 24, is being postponed so that PMGM will have additional time to engage with its shareholders. ...READ MORE
Armada I (NASDAQ:AACI) announced this morning that it has agreed to distribute up to 75,000 promote shares (1.5%) to “one or more third parties” in exchange for them not redeeming shares at the SPAC’s upcoming extension vote. ...READ MORE
FoxWayne Acquisition Corporation (NASDAQ: FOXW) announced in an 8-K this afternoon that it has mutually terminated its combination agreement with dating app developer Clover.
Although the SPAC did not disclose why the parties nixed the deal, the termination comes just a day after the company held its extension vote. ...READ MORE
Digital Health (NASDAQ:DHAC) announced this afternoon that it has entered into a backstop agreement in connection to its proposed merger with telehealth software firm VSee and digital healthcare provider iDoc.
Under the agreement, the sponsor is committed to purchase any and all additional PIPE shares and accompanying warrants that remain unpurchased by the PIPE investors in the additional PIPE offering at the same purchase price and on the same terms and conditions of the backstop commitment. ...READ MORE
