SPAC IPO Terms Tracker: February 2, 2024
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Morning SPAC News Roundup: February 2, 2024
At the SPAC of Dawn
Today marks by far the busiest day in the SPAC market since the SEC dropped the new rules as it is set to host four extension votes, three completion votes and even has a potential new SPAC IPO pricing on the docket. ...READ MORE
Power & Digital Infrastructure II (XPDB) Adds PIPE, JV to Montana Technologies Deal
Power & Digital Infrastructure II (NASDAQ:XPDB) has added a $5 million PIPE to its combination with sustainable air conditioning company Montana Technologies, which has also committed to invest $10 million into a new joint venture. ...READ MORE
January Corporate Actions Analysis
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Podcast: Abacus Life Chairman & CEO Jay Jackson Returns
Should de-SPAC’d companies consider buying back their shares rather than making offers for their warrants? Abacus Life (NASDAQ:ABL) believes the answer is yes.
This week, we catch up with with Abacus Life Chairman and CEO Jay Jackson. ...READ MORE
Morning SPAC News Roundup: February 1, 2024
At the SPAC of Dawn
The Fed’s announcement yesterday that it was in no hurry to cut rates slammed the market generally through the rest of the trading day, but things have picked back up in the early hours of Thursday. ...READ MORE
Globalink Investment Inc. (GLLI) to Combine with Alps Global Holding Berhad in $1.6Bn Deal
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Semper Paratus Acquisition Corp. (LGST) Shareholders Approve Tevogen Bio Deal
Semper Paratus (Nasdaq: LGST) announced this morning that its shareholders approved its combination with Tevogen Bio during a special meeting yesterday January 31.
In connection with the vote, shareholders holding 1,432,457 shares out of a possible 1,502,180 Semper Paratus ordinary shares opted to redeem their shares. ...READ MORE
Deep Medicine (DMAQ) Closes TruGolf Deal
Deep Medicine (NASDAQ:DMAQ) has closed its combination with golf simulator company TruGolf and will begin trading on The Nasdaq under the new ticker symbol “TRUG” on February 1.
The deal and all other proposals were previously approved by shareholders at a special meeting held on January 19. ...READ MORE
SPAC Lock-Up Expirations to Watch in February 2024
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Morning SPAC News Roundup: January 31, 2024
At the SPAC of Dawn
Morning SPAC News Roundup-readers have spoken! On the eve of the Fed’s press conference, we asked SPACInsider subscribers in this space to predict the number of SPAC IPOs in 2024. ...READ MORE
Cutting Through the Noise and Summarizing the New SPAC Rule
As we all know, the new SPAC rule has been released and it clocked in at a whopping 581 pages. That’s a lot of words to try to untangle and summarize. ...READ MORE
SEP Acquisition Corp. (SEPA) Shareholders Approve SANUWAVE Deal
SEP Acquisition Corp. (NASDAQ:SEPA) announced this afternoon that its shareholders approved its combination with wound care firm SANUWAVE (OTC:SNWV) during a special meeting on January 29.
At the meeting, holders of 5,146,501 shares of SEPA’s common stock were present, representing 89.46% of the company’s common stock outstanding. ...READ MORE
Morning SPAC News Roundup: January 30, 2024
At the SPAC of Dawn
This week, SPACInsider is starting a weekly poll to get a pulse on the SPAC market.
The Fed begins a two-day meeting today on monetary policy and its press conference coming out of that at 2 pm ET will be watched closely for signs of when to expect rate cuts and how large they will be. ...READ MORE
Pegasus Digital Mobility (PGSS) Amends Schmid Deal
Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS) announced this afternoon that it has made a handful of changes to its combination with equipment manufacturer Schmid.
As part of these changes, the SPAC entered into an amendment of the shareholders’ undertaking agreement with Anette Schmid and Christian Schmid. ...READ MORE
Morning SPAC News Roundup: January 29, 2024
At the SPAC of Dawn
SPAC activity is picking back up this week in between the dust settling on the SEC’s new SPAC rule and the Fed breaking its silence on potential rate cuts Wednesday. ...READ MORE
SPAC IPO Terms Tracker: January 26, 2024
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Podcast Replay: Breaking Down the New SEC SPAC Rules
In this special edition of the SPACInsider podcast on the new SEC SPAC rules, Kristi Marvin from SPACInsider spoke with a panel of SPAC legal experts to help unpack the hefty 581 pages included in the release. ...READ MORE
Morning SPAC News Roundup: January 26, 2024
At the SPAC of Dawn
The Fed got more evidence of cooling inflation this morning as the Commerce Department’s personal consumption expenditures (PCE) price index came in just under expectations for December. ...READ MORE
Northern Star Investment Corp. II (NSTB) to Liquidate Trust, Keep Trading as Shell
Northern Star Investment Corp. II (NYSE:NSTB) has announced that it would liquidate its trust, but will also make the unorthodox move to continue functioning as a shell listed on the pink sheets. ...READ MORE