Newcourt Acquisition Corp. (NCAC) Shareholders Approve Psyence Deal

Jan 19, 2024 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Newcourt (NASDAQ:NCAC) announced this morning that its shareholders approved its combination with psychedelic medicine company Psyence (CSE:PSYG) during a special meeting yesterday, January 18.

Shareholders opted to redeem 929,727 shares at a redemption price of approximately $11.51 per share in connection with the vote, removing about $10.7 million from Newcourt’s trust and leaving it with 183,294 public shares outstanding and about $2.1 million in trust. ...READ MORE

Morning Roundup: January 19, 2024

Jan 19, 2024 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn

Long awaited, the SEC has finally set 10 am ET Wednesday, January 24 as the kickoff of its discussion of its proposed SPAC rules.

The broad strokes of its proposals have been known for nearly two years (SPACInsider broke them down here) and some have already had effects in the market even in the absence of a concrete change. ...READ MORE

JVSPAC Acquisition Corp. (JVSA) Prices $50M IPO

Jan 19, 2024 Headline Post, INTEL, IPOs by Marlena Haddad

JVSPAC Acquisition Corp. (NASDAQ: JVSA) announced the pricing of its $50 million IPO this morning. Its units are expected to begin trading on the Nasdaq under the symbol “JVSAU” on Friday, January 19, 2024. ...READ MORE

Battery Future Acquisition Corp. (BFAC) Sells Sponsor Economics

Jan 18, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Battery Future Acquisition Corp. (NYSE:BFAC) announced in an 8-K filing that it has entered into a purchase agreement to transfer control of its sponsor to Camel Bay, resulting in a change in management. ...READ MORE

Direct Selling (DSAQ) to Combine with Hunch Mobility in $223M Deal

Jan 18, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Direct Selling Acquisition Corp. (NYSE:DSAQ) has entered into a definitive agreement to combine with urban air mobility company FlyBlade India, known as Hunch Mobility, at an enterprise value of $223 million. ...READ MORE

Quadro Acquisition One Corp. (QDRO) to Combine with Global Growth Companies in $3Bn Deal

Jan 18, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Quadro Acquisition One Corp. (NASDAQ:QDRO) has entered into a definitive agreement to combine with Global Growth Companies at an enterprise value of $3 billion.

Global Growth operates a diverse set of companies in the healthcare, financial services and communications fields. ...READ MORE

Morning Roundup: January 18, 2024

Jan 18, 2024 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn

While East Asia continues to account for the largest portion of SPAC teams based outside of the US, the unique team behind Oxus (NASDAQ:OXUS) put a few more bricks in its path to completion this week. ...READ MORE

Vision Sensing Acquisition Corp. (VSAC) to Combine with Mediforum in $250M Deal

Jan 17, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Vision Sensing (NASDAQ:VSAC) has entered into a definitive agreement to combine with Korean drug developer firm Mediforum at an enterprise value of $250 million.

Seoul-based Mediforum provides supplements and medicines derived from traditional ingredients to treat Alzheimer’s and memory loss. ...READ MORE

Podcast: Zapata AI’s CEO & Co-Founder Christopher Savoie

Jan 17, 2024 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

Buzz around generative AI has been off to the races lately and that is exactly where Zapata AI has put many of its tools to work.

This week, we speak with Christopher Savoie, CEO and Co-founder of Zapata AI and Bill Sandbrook, Co-CEO and Chairman of Andretti Acquisition Corp. ...READ MORE

Digital World Acquisition Corp. (DWAC) Terminates Remaining PIPE

Jan 17, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Digital World Acquisition Corp. (NASDAQ:DWAC) has disclosed the termination of the remaining $530.5 million of its PIPE, with investors currently exploring alternative financing options.

The decision comes as a result of challenges related to one of the closing conditions for the PIPE, specifically the effectiveness of the initial resale Registration Statement by the SEC. ...READ MORE

Morning Roundup: January 17, 2024

Jan 17, 2024 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn

Despite a slow start to 2024, there are a variety of signs of the market coming back. Among them, NASDAQ CEO Adena Friedman noted yesterday in a Bloomberg interview in Davos that 85 companies have already lined up to list on the exchange. ...READ MORE

Flame (FLME) Increases PIPE for Sable Offshore Deal

Jan 16, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Flame Acquisition Corp. (NYSE:FLME) has once again increased the PIPE for its combination with Sable Offshore, totaling around $520.4 million, or 52 million shares at $10 per share, upon completion of the deal. ...READ MORE

Newcourt (NCAC) Adds $12.5M Convertible Note to Psyence Deal

Jan 16, 2024 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Newcourt (NASDAQ:NCAC) announced in an 8-K this morning that it has secured an aggregate of $12.5 million in convertible notes for its merger with psychedelic medicine company Psyence (CSE:PSYG).

The notes will consist of up to four senior secured convertible notes, issuable to the purchaser at or after the closing, in exchange for up to $10 million in subscription amounts. ...READ MORE

Morning Roundup: January 16, 2024

Jan 16, 2024 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn

The SPAC market has officially entered an election season with former President Donald Trump’s victory Monday in the Iowa caucus on the road to a potentially securing the Republican nomination. ...READ MORE

SPAC IPO Terms Tracker: January 12, 2024

Jan 13, 2024 Headline Post, INTEL by Kristi Marvin

To access this post, you must purchase 1 - User: Monthly Plan.

Pono Capital Three (PTHR) Completes Horizon Aircraft Deal

Jan 12, 2024 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Pono Capital Three (NASDAQ:PTHR) announced this afternoon that it has closed its combination with eVTOL aircraft developer Horizon Aircraft.

Beginning January 16, the combined company’s shares and warrants will trade on the Nasdaq under the ticker symbols “HOVR” and “HOVRW”, respectively. ...READ MORE

Arisz Acquisition Corp. (ARIZ) Increases PIPE for BitFuFu Deal

Jan 12, 2024 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Arisz (NASDAQ:ARIZ) announced in an 8-K this morning that it has increased its PIPE commitments to $74 million from $70 million for its merger with digital asset mining service BitFuFu.

The parties previously secured $70 million in funding at deal announcement for a purchase price of $10 per share which will be issued to stockholders at closing. ...READ MORE

Morning Roundup: January 12, 2024

Jan 12, 2024 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn

Friday brings a few more potential swings in the ongoing rate cut-watch as the Producer Price Index (PPI) is set to drop at 8:30 am ET. ...READ MORE

Bukit Jalil Global Acquisition 1 (BUJA) Signs LOI with Global IBO

Jan 11, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Bukit Jalil Global Acquisition 1 (NASDAQ: BUJA) announced this afternoon that it has signed a non-binding Letter of Intent (LOI) with the AI-driven platform Global IBO Group.

Founded in 2019, GIBO provides a suite of technologies, such as AI script, voice and image, for content creators to assist in an array of creative solutions including script writing, voice synthesis, and art restoration. ...READ MORE

Morning Roundup: January 11, 2024

Jan 11, 2024 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn

After a few fits, starts and hacks, the first spot Bitcoin ETFs are set to trade later today.

The move has been long-awaited by the crypto community as it has been seen as a means of quickly widening the asset’s ownership base, and therefore serve as the sort of catalyst that would push up demand – and therefore, prices – all of its own. ...READ MORE