SPAC IPO Terms Tracker: September 22, 2023
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The Latest Liquidations: September 22, 2023
Latest SPAC Liquidations: LF Capital Acquisition Corp. II
LF Capital Acquisition Corp. II (LFAC) to Liquidate on October 3, 2023
LF Capital Acquisition Corp. II (Nasdaq: LFAC), today announced that the directors of the Company have determined to dissolve and liquidate the Company. ...READ MORE
The Latest Non-Redemption Agreements: September 22, 2023
Latest Non-Redemption Agreements: Yotta Acquisition Corp.,Live Oak Crestview Climate Acquisition Corp.
Yotta Acquisition Corp. (YOTA) Adds Non-Redemption Agreements
Yotta Acquisition Corp. (NASDAQ:YOTA) entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 598,680 shares of the Company’s common stock. ...READ MORE
Twin Ridge Capital Acquisition Corp. (TRCA) Intends to Adjourn Vote to October 3rd
Twin Ridge (NYSE:TRCA) announced this afternoon that it plans to convene and then adjourn its extraordinary general meeting of its shareholders originally to be held on September 26 at 11:30 a.m., ...READ MORE
Social Leverage Acquisition Corp I (SLAC) and W3BCLOUD Mutually Terminate Deal
Social Leverage Acquisition Corp I (Nasdaq: SLAC) and W3BCLOUD Holdings Inc. announced this afternoon that they have mutually agreed to terminate their business combination agreement.
The reasons cited were once again “due to existing market conditions”, which most likely implies the current capital market conditions as well as the fact that W3BCLOUD works within the blockchain sector. ...READ MORE
Graf Acquisition Corp. IV (GFOR) Adds FPA to NKGen Biotech Deal
Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that it has come to a forward purchase agreement (FPA) with Meteora Capital Partners involving up to 2,500,000 shares for its combination with NKGen Biotech. ...READ MORE
The Latest SPAC News and Rumors: September 22, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Heard on the Street: VinFast’s SPAC Backers Are Backing Out
Even by the standards of electric-vehicle startups, the $40 billion market value of Vietnamese electric-vehicle startup VinFast is wild, following its combination with Black Spade last month.
Murphy Canyon Acquisition Corp. (MURF) Closes Conduit Deal
Murphy Canyon (NASDAQ:MURF) announced this morning that it has closed its combination with Conduit Pharmaceuticals and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “CDT” and “CDTTW” on September 25. ...READ MORE
Indie Semiconductor (INDI) Commences Warrant Exchange Offer
Indie Semiconductor (NASDAQ:INDI), which merged with Thunder Bridge II in June 2021, announced this morning that it has launched an exchange offer to convert each outstanding warrant to 0.285 Class A shares in the company. ...READ MORE
Atlantic Coastal Acquisition Corp. II (ACAB) to Combine with Abpro in $725M Deal
Atlantic Coastal II (NASDAQ:ACAB) signed a term sheet to enter into a definitive business combination with drug developer Abpro at a valuation of $725 million.
Woburn, Massachusetts-based Abpro is advancing a series of drug candidates to potentially treat COVID, cancer and diabetic blindness. ...READ MORE
Graf Acquisition Corp. IV (GFOR) Adjourns NKGen Completion Vote for Fourth Time
Graf Acquisition Corp. IV (NYSE:GFOR) announced that it adjourned Wednesday’s completion vote for its combination with NKGen Biotech without conducting any business and will reopen proceedings at 4:00 p.m., Eastern time, on September 25, 2023
Once again, the adjournment is being done to provide additional time to continue its efforts to obtain additional financing. ...READ MORE
GigCapital5 (GIA) Drops Lawsuit against QT Imaging
GigCapital5 (NYSE:GIA) announced in an 8-K that it will drop its lawsuit against its merger target QT Imaging and the two sides will continue working toward close under a slightly amended business combination agreement. ...READ MORE
Twin Ridge Capital Acquisition Corp. (TRCA) Adds $110M to Carbon Revolution Deal
Twin Ridge (NYSE:TRCA) announced this morning that it has added a $110 million structured equity facility to its combination with automotive wheel manufacturer Carbon Revolution (ASX:CBR) among other deal tweaks.
Orion Infrastructure Capital (OIC) has agreed to provide the funds in tranches in exchange for Class A shares and a single warrant that would entitle OIC to be issued shares equal to between 17.5% and 19.99% of the combined company’s outstanding equity. ...READ MORE
The Latest Liquidations: September 21, 2023
Latest SPAC Liquidations: 26 Capital Acquisition Corp.
26 Capital Acquisition Corp.(ADER) to Liquidate on September 21, 2023
26 Capital Acquisition Corp. (Nasdaq: ADER), today announced that it will be unable to complete an initial business combination within the time period required due to the Delaware Court of Chancery’s decision denying 26 Capital’s request for an order of specific performance in an action commenced in February 2022 against certain of the parties (the “UEC Parties”) to the Merger and Share Acquisition Agreement. ...READ MORE
LatAmGrowth SPAC (LATG) Adjourns Early Liquidation Vote
LatAmGrowth SPAC (NASDAQ:LATG) announced in an 8-K that it adjourned its special meeting yesterday to liquidate early and will reconvene it at 2 pm ET September 28.
The proposals on its ballot would have initiated the process of winding down the SPAC and returning all trust capital to investors outside of $100,000 for dissolution expenses. ...READ MORE
The Latest SPAC News and Rumors: September 21, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
JSE reviewing listing requirements with aim to simplify them
The Johannesburg Stock Exchange will be reviewing all its listings requirements with the objective of further simplifying its requirements, as part of its ongoing efforts to create an enabling listing environment and attract local and international listings.
Nabors Energy Transition Corp. (NETC) and Vast Add $10M Equity Commitment to Deal
Nabors Energy Transition Corp. (NYSE:NETC) announced this morning that Vast has added an equity commitment of up to $10 million to its combination with concentrated solar power producer Vast.
The new commitment comes at $10.20 per share from the Canberra Airport Group and half of it is to come up front at close. ...READ MORE
M3-Brigade Acquisition III Corp. (MBSC) Closes Greenfire Deal with New Debt Financing
M3-Brigade III (NYSE:MBSC) announced this morning that it has closed its combination with Canadian energy producer Greenfire and the combined company is expected to trade on the NYSE under the symbol “GFR” later today. ...READ MORE
Murphy Canyon (MURF) Shareholders Approve Conduit Deal
Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its stockholders voted in favor of the proposed business combination with Conduit Pharmaceuticals Limited (“Conduit”).
Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the closing to occur as soon as practicable, subject to the satisfaction or waiver of remaining closing conditions. ...READ MORE