Focus Impact Acquisition Corp. (NASDAQ: FIAC) has entered into a definitive agreement to combine with carbon streaming company DevvStream Holdings Inc. (OTC: DSTRF) at an enterprise value of approximately $212.8 million, or 4.7x 2025 EBITDA. ...READ MORE
Ares Acquisition Corporation (NYSE:AAC) announced in an 8-K this morning that it has added up to $60 million in new commitments to its combination with nuclear technology firm X-Energy while further dropping the target’s valuation. ...READ MORE
Inception Growth Acquisition Corp. (NYSE:IGTA) has entered into a definitive agreement to combine with AI firm AgileAlgo at a pre-money equity value of $160 million.
Singapore-based AgileAlgo provides AI tools to enterprise clients to optimize business process and teach their systems to continually improve themselves. ...READ MORE
Sustainable materials are starting to take a bite out of the share of single-use plastics in circulation, but replacing the full $600 billion plastics market is going to take more innovation and much more capital. ...READ MORE
The Growth for Good Acquisition Corporation (NASDAQ:GFGD) announced this afternoon that it will terminate its combination with EV technology company ZeroNox and will immediately begin the process of liquidating its trust. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
M3-Brigade III (NYSE:MBSC) announced in an 8-K this morning that its shareholders have approved its combination with Canadian energy producer Greenfire while warrant holders approved a proposal to buy back all outstanding warrants. ...READ MORE
Welsbach Technology Metals Acquisition Corp. (NASDAQ: WTMA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with an undisclosed target in the critical materials space for, so far, undisclosed terms. ...READ MORE
First Light Acquisition Group, Inc. (NYSE:FLAG) announced this afternoon that it expects to close its business combination with Calidi Therapeutics tomorrow, September 12.
The deal was already approved by FLAG shareholders during a special meeting on September 1, but at that time, the parties did not share a proposed timeline for the transaction’s closing. ...READ MORE
The Growth for Good Acquisition Corporation (NASDAQ: GFGD) disclosed in a press release today that it has adjourned its special meeting for the seventh time.
Shareholders were expecting to cast their votes on the SPAC’s combination with EV-maker ZeroNox, but the parties are now considering terminating the deal due to the amount of redemption requests. It ...READ MORE
Graf Acquisition Corp. IV (NYSE:GFOR) announced this morning that it adjourned its Friday vote to complete its business combination with NKGen Biotech and will reconvene it at 4 pm September 13. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Lotus Technology Inc.
Prime Impact I (NYSE:PIAI) announced this morning that investors have subscribed to a PIPE in its combination with digital insurance firm Cheche buying 1,300,000 for $10 per share.
The investors were not named, but the PIPE would cover the deal’s $5 million minimum cash condition as it heads into its approval vote. ...READ MORE
Pono Capital Two (NASDAQ:PTWO) announced in an 8-K this morning that it has dropped its valuation in its combination with SBC Medical Group to $1 billion from $1.2 billion.
The wording of the filing does not provide a clear causality for the change, but both versions provided for up to $3 million in equity compensation being removed based on the company’s net working capital at close. ...READ MORE
The Growth for Good Acquisition Corporation (NASDAQ: GFGD) disclosed in a press release today that it has again adjourned its special meeting. This marks the sixth postponement for shareholders to cast their votes on the SPAC’s combination with EV-maker ZeroNox. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The Philippines’ largest casino, owned by an affiliate of Japan’s Universal Entertainment Corp does not have to complete a SPAC merger deal with 26 Capital Acquisition Corp.
DHC (NASDAQ:DHCA) has entered into a definitive agreement to combine with marketing firm BEN at a pro forma enterprise value of $358 million.
Jackson, Wyoming-based BEN has developed AI-enhanced customer engagement services for enterprise clients in the automotive, healthcare and financial services sectors. ...READ MORE
On September 7, FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) entered into one or more agreements with one or more unaffiliated third parties in exchange for them each agreeing not to redeem an aggregate of 1,000,000 shares of Class A common stock. ...READ MORE