Morning Roundup: October 4, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets you to nibble on beside your morning coffee. ...READ MORE
Project Energy Reimagined Acquisition Corp. (PEGR) to Combine with Heramba Electric in $450M Deal
Project Energy (NASDAQ:PEGR) has entered into a definitive agreement to combine with Heramba Electric at a pro forma enterprise value of $450 million or 3.75x its 2022 revenue.
Berlin-based Heramba Electric is to provide charging and electrification equipment to commercial and civil transit vehicles. ...READ MORE
Morning Roundup: October 3, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets you to nibble on beside your morning coffee. ...READ MORE
The Latest SPAC News and Rumors: October 2, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Shell company Vertex Tech to buy streaming platform in landmark deal for Singapore
Singapore’s Vertex Technology Acquisition Corp (VTAC) (VERT.SI)
Graf Acquisition Corp. IV (GFOR) Closes NKGen Biotech Deal
Graf Acquisition Corp. IV (NYSE:GFOR) has closed its combination with NKGen Biotech and its shares and warrants will begin trading on the Nasdaq under the symbols “NKGN” and “NKGNW” today.
The SPAC secured shareholder approval for the deal last week with 84.3% redemptions. ...READ MORE
Third Quarter and YTD 2023 SPAC Review
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SPAC IPO Terms Tracker: September 29, 2023
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Athena Consumer Acquisition Corp. (ACAQ) Stockholders Approve e.GO Deal
Athena Consumer Acquisition Corp. (NYSE:ACAQ) announced this afternoon that its stockholders approved its combination with German EV-maker e.GO at a special meeting held earlier today.
Additionally, Athena Consumer’s warrant proposal to convert all outstanding warrants to 0.175 shares in the combined company was also approved. ...READ MORE
SPAC Lock-Up Expirations to Watch in October 2023
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Graf Acquisition Corp. IV (GFOR) Shareholders Approve NKGen Biotech Deal
Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that its shareholders approved its combination with NKGen Biotech at a special meeting September 25.
A total of 3,386,528 shares were redeemed in connection with the vote, leaving Graf IV with about $27.6 million in the tank and a final redemption rate of 84.3%. ...READ MORE
Anzu Special Acquisition Corp I (ANZU) Closes Envoy Medical Deal
Anzu Special Acquisition Corp I (NASDAQ:ANZU) has closed its combination with Envoy Medical and its shares and warrants are to begin trading on the Nasdaq under the symbols “COCH” and “COCHW” on October 2. ...READ MORE
Mercato Partners Acquisition Corporation (MPRA) Closes Nuvini Deal
Mercato Partners (NASDAQ:MPRA) closed its combination with Brazilian software firm Nuvini this afternoon and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “NVNI” and “NVNIW” on October 2. ...READ MORE
The Latest SPAC News and Rumors: September 29, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
$1 bln metals SPAC deal backed by Glencore, automakers collapses
A $1 billion metals deal by blank-cheque fund ACG Acquisition Co has been terminated following delays when the different sides, which included a leading global miner and top automakers as anchor investors, tried to revise it, ACG said on Thursday.
TradeUP Acquisition Corp. (UPTD) Closes Estrella Biopharma Deal
TradeUP (NASDAQ:UPTD) announced this morning that it has closed its combination with Estrella Biopharma and its shares and warrants will begin trading on the Nasdaq under the symbols “ESLA” and “ESLAQ” on October 2. ...READ MORE
Mobiv Acquisition Corp. (MOBV) Shareholders Approve SRIVARU Deal
Mobiv Acquisition Corp. (NASDAQ:MOBV) announced this morning that its shareholders approved its combination with EV motorcycle-maker SRIVARU at a special meeting September 28.
Redemptions whittled Mobiv’s IPO share pool of 10,005,000 down to 195,992 through the vote. ...READ MORE
Hennessy Capital Investment Corp VI (HCVI) Pushes Extension Vote to Afternoon
Hennessy Capital Investment Corp VI (NASDAQ:HCVI) announced overnight that it plans to adjourn today’s 9 am ET extension vote and reopen it at 3 pm ET this afternoon.
This does not technically change the redemption deadline for investors, but those wishing to withdraw their redemption requests may still do so by 2 pm ET today. ...READ MORE
The Latest Liquidations: September 28, 2023
Latest SPAC Liquidations: Schultze Special Purpose Acquisition Corp. II
Schultze Special Purpose Acquisition Corp. II (SAMA) to Liquidate on October 11, 2023
Schultze Special Purpose Acquisition Corp. II (Nasdaq: SAMA), announced that it will redeem all of the outstanding shares of its Class A common stock effective as of October 11, 2023. ...READ MORE
Mercato Partners Acquisition Corporation (MPRA) Shareholders Approve Nuvini Deal
Mercato Partners Acquisition Corporation (NASDAQ:MPRA) announced this afternoon via 8-K that its shareholders have approved its combination with Nuvini at a special meeting held earlier today.
With 79.74% of the voting power of the Common Stock participating in the vote, the combination was overwhelmingly approved. ...READ MORE
Home Plate Acquisition Corp. (HPLT) Adjourns Extension to October 2nd
Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned this morning’s extension vote without conducting any business and it will pick things up again at 11 am ET October 2.
Shareholders at the meeting are to consider giving Home Plate an extra two and half months to complete a deal, moving its deadline from October 4 to December 22. ...READ MORE
The Latest SPAC News and Rumors: September 28, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Law firm Schulte sues SPAC over fees from failed Philippine casino merger
U.S.