Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) has entered into a definitive agreement to combine with fintech firm Linqto at an enterprise value of $700 million. San Jose, California-based Linqto provides a platform for investors to invest in private venture-backed startups. The combined company is expected to trade on the Nasdaq once the deal is completed...
JVSPAC (NASDAQ:JVSA) has entered into a definitive agreement to combine with Philippines hospitality firm Hotel101 at an equity value of about $2.3 billion. Hotel101 is a subsidiary of Manila-based budget hospitality brand of conglomerate DoubleDragon that is focused on providing standardized hotel rooms across its full network. The combined company is expected to begin trading...
Cactus Acquisition Corp. 1 (NASDAQ:CCTS) has signed a binding heads of agreement to exclusively negotiate to combine with EV maker Tembo in a deal currently giving the firm an $838 million equity valuation. A “binding heads of agreement” is a more common phrase in the UK, where Tembo and its parent company VivoPower (NASDAQ:VVPR) are...
IX Acquisition Corp. (NASDAQ:IXAQ) has entered into a definitive agreement to combine with satellite technology firm AERKOMM (PA:AKOM) at an enterprise value of $200 million. Fremont, California-based AERKOMM has developed hardware for broadband and mobile connectivity satellites. The combined company is expected to trade on the Nasdaq under the ticker “AKOM” and maintain a secondary...
Welsbach Technology (NASDAQ:WTMA) has signed a business combination agreement with Evolution Metals, which is developing technology to produce the critical materials and alloys in battery production. Transaction Overview Welsbach has about $23.4 million in its current trust after seeing 71.8% of shares redeemed in earlier extension votes that have pushed its deadline to June 30,...
Bannix (NASDAQ:BNIX) has entered into a definitive agreement to combine with VisionWave Technologies for $30 million. The combined company is expected to trade on the Nasdaq once the deal is completed with an initial outside date of September 14. Transaction Overview Bannix has about $17 million in its trust after seeing 77.4% of its shares...
APx (NASDAQ:APXI) has entered into a definitive agreement to combine with precision medicine firms OmnigenicsAI and MultiplAI at an enterprise value $340 million. Once combined, these companies will offer DNA tests to consumers linked to predictive insights on their nutritional and genomic health. The combined company is expected to trade on the Nasdaq under the...
ShoulderUp (NASDAQ:SUAC) has entered into a definitive agreement to combine with SEE ID at an enterprise value of $130 million. Las Vegas-based SEE ID provides warehouse management tools including IoT devices used for sorting and vehicle safety. The combined company is expected to trade on the Nasdaq under the symbol “DAIC” once the deal is...
Focus Impact BH3 (NASDAQ:BHAC) has signed a definitive agreement to combine with XCF Global Capital at a pro forma enterprise value of $1.84 billion, or 3.9x its 2025E revenue. Reno, Nevada-based XCF is a newly formed entity aiming to build a network of sustainable aviation fuel refineries. The combined company is expected to trade on...