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Afternoon SPAC News Roundup: March 27, 2024

SPAC round-up

Afternoon SPAC News Roundup: March 27, 2024

News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two
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Bannix Acquisition Corp (BNIX) to Combine with VisionWave in $30M Deal

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
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SPAC round-up

APx Acquisition Corp. I (APXI) to Combine with OmnigenicsAI, MultiplAI Health in $340M Deal

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
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New SPAC: Churchill Capital Corp IX (CCIX) Files for $250M IPO

They say timing is everything and at the end of a week punctuated by two successful traditional IPOs from Astera and Reddit, the sponsor team that announced the CCIV/Lucid deal at the absolute peak of the capital markets insanity that was Q1-2021 dropped their latest new SPAC – Churchill Capital Corp. IX. Is this a
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SPAC round-up

Afternoon SPAC News Roundup: March 25, 2024

Deals and Funding Keen Vision (NASDAQ:KVAC) has entered into a non-binding letter of intent with an unnamed biopharmaceutical company based in Boston with ongoing clinical trials. This allows Keen Vision to activate an automatic six-month extension, which will push its transaction deadline to October 27. Andretti (NYSE:WNNR) has signed a non-redemption agreement with Sandia Investment
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ShoulderUp Technology Acquisitions Corp (SUAC) to Combine with SEE ID in $130M Deal

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
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SPAC round-up

Afternoon SPAC News Roundup: March 22, 2024

News and Rumors Bloomberg: Digital World (NASDAQ:DWAC) has reportedly secured shareholder approval for its combination with Trump Media & Technology Group according to an unauthorized video streamed to de-SPAC’d social media platform Rumble (NASDAQ:RUM). Its shares have tumbled -5.6% on the news, briefly crossing below $40 today. TechCrunch: Inflection Point target Intuitive Machines (NASDAQ:LUNR) identified
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How is DWAC Going to Trade Post-Vote?

Digital World Acquisition Corp. (Nasdaq: DWAC) is finally heading to a completion on Friday to close their combination with Truth Social, having run the SPAC gauntlet since September 2021. That’s “only” two and a half years, but it feels much, much longer than that.  That’s because the sheer number of management changes, lawsuits, PIPE switches
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