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latest-news

The Latest SPAC News and Rumors: December 1, 2022

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  NYSE president says IPO proceeds fall more than 90% while Nasdaq president remains hopeful for 2023, and Giuliani brothers sell pharma stocks as they invest in biotech SPACs


NYSE president says IPO proceeds fall more than 90%

Volatility and market uncertainty have taken a big hit on the number of companies going public, driving down initial public offering proceeds by 93% this year, Lynn Martin, president of the New York Stock Exchange said on Wednesday. ...READ MORE

InterPrivate II Acquisition Corp. (IPVA) Tweaks Bonus Shares

InterPrivate II Acquisition Corp. (NYSE:IPVA) disclosed this morning that it has restructured its bonus share agreement in connection to its proposed merger with carsharing marketplace Getaround.

The parties previously agreed to reserve and set aside the bonus shares, consisting of 9,333,333 shares, to be allocated to the non-redeeming public stockholders, the designees of EarlyBirdCapital and the holders of the Class B Stock. ...READ MORE

Iris Acquisition Corp (IRAA) to Combine with Liminatus Pharma in $334M Deal

Iris Acquisition Corp. (NASDAQ:IRAA) has entered into a definitive agreement to combine with biotech firm Liminatus at an enterprise value of $334 million. La Palma, California-based Liminatus is a clinical-stage drug developer working on a range of cancer treatments utilizing both preventative vaccines and CAR-T therapies. The combined company is expected to trade on the
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SPAC Lock-Up Expirations to Watch in December

The companies and sponsors of six SPAC deals are set to see their lock-ups expire before the end of the year. This is a relatively small monthly total as the wave of deals from 2020 and 2021 are still hitting this milestone. The list nonetheless includes some major names starting with Forafric (NASDAQ:AFRI), which is
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Pacifico Acquisition Corp. (PAFO) Shareholders Approve Caravelle Deal

Pacifico Acquisition Corp. (NASDAQ:PAFO) disclosed this afternoon that its shareholders have approved its business combination with sustainable shipping company Caravelle during a special meeting held earlier today.

At today’s special meeting, 6,194,813 shares voted by proxy or in person, representing 82.65% of the total outstanding shares. ...READ MORE

latest-news

The Latest SPAC News and Rumors: November 30, 2022

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  Lordstown Motors begins shipping Foxconn-made EV pickup trucks, AUM Biosciences receives FDA Orphan Drug Designation, and Newsight Imaging selected for FastLane commercialization program


Lordstown Motors begins shipping its Foxconn-made EV pickup trucks

Lordstown Motors (NASDAQ:RIDE) has starting shipping its all-electric Endurance pickup trucks manufactured by Foxconn, a milestone that seemed impossible earlier this year. ...READ MORE

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Lakeshore Acquisition I Corp. (LAAA) Adds $8.2M to PIPE

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) announced in an 8-K filing this morning that it has added $8.2 million in additional financing to its deal with medical device company ProSomnus.

The investment comes in exchange for 820,000 shares, but investors will also receive 619,932 additional shares so that they are effectively buying in at $5.69 per share. ...READ MORE

InterPrivate II Acquisition Corp. (IPVA) Arranges Non-Redemption Agreement

InterPrivate II Acquisition Corp. (NYSE:IPVA) announced this morning that it has entered into a non-redemption agreement with the Magnetar Funds in connection to its proposed merger with carsharing marketplace Getaround.

Pursuant to the agreement, each non-redeeming stockholder agreed that it will not redeem an amount of shares of Class A Common Stock up to an aggregate of 1,550,000 shares. ...READ MORE

Twin Ridge Capital (TRCA) to Combine with Carbon Revolution in $270M Deal

Twin Ridge (NYSE:TRCA) has entered into a definitive agreement to combine with car parts manufacturer Carbon Revolution (ASX:CBR) at an enterprise value of $270 million, or 9.4x its 2022E revenue. Geelong, Australia-based Carbon Revolution makes ultra-light carbon fiber wheels for the high-end automotive industry. The combined company is expected to delist from the ASX and
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new-spac

New SPAC: Horizon Space Acquisition 1 Corp. Files for $60M IPO

Horizon Space Acquisition 1 Corp. (NASDAQ:HSPO) filed its S-1 this afternoon for a $60 million IPO as the fifth SPAC to file for an IPO in November thus far. Although the new company’s efforts to identify a prospective target business are not limited to a particular industry or geographic location, Horizon Space 1 has significant ties
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latest-news

The Latest SPAC News and Rumors: November 29, 2022

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  Faraday Future ousts its CEO and Hyzon Motors SPAC board is sued over ‘outlandish’ deal hype


EV SPAC Faraday Future ousts its CEO

Faraday Future (NASDAQ:FFIE), the troubled EV startup-turned-publicly-traded company, has shuffled its executive ranks once again. ...READ MORE