SPAC Lock-Up Expirations to Watch in January 2024
To access this post, you must purchase 1 - User: Monthly Plan.
Morning Roundup: January 2, 2024
At the SPAC of Dawn
The first trading day of the year kicks off with five extension votes, which is fitting because that is likely to be a theme throughout early 2024. ...READ MORE
Full-Year 2023 SPAC Review
An In-Depth Look at SPAC Activity Throughout the Full Year of 2023
Below is a summary of the 2023 SPAC market.
SPACs finally made it to the end of 2023. It was a challenging year, but one that was marked by a necessary rebalancing of supply and demand. ...READ MORE
Adit EdTech (ADEX) Completes Griid Infrastructure Deal
Adit EdTech (NYSE: ADEX) announced this afternoon that it has closed its combination with bitcoin self-mining company Griid Infrastructure. ADEX shareholders previously approved the deal at a special meeting held on November 30. ...READ MORE
Banyan Acquisition Corporation (BYN) Completes Pinstripes Deal
Banyan Acquisition Corporation (NYSE: BYN) announced this afternoon that it has completed its business combination with hospitality venture Pinstripes. BYN shareholders previously approved the deal during a special meeting held on December 27. ...READ MORE
Focus Impact BH3 (BHAC) Signs LOI with XCF Global Capital
Closing the curtains on 2023, Focus Impact BH3 Acquisition Corp. (NASDAQ: BHAC) announced this morning that it has signed a Letter of Intent (LOI) with XCF Global Capital, Inc., a New York-based sustainable fuels producer. ...READ MORE
Morning Roundup: December 29, 2023
At the SPAC of Dawn
Christmas is for closers only in 2023, apparently, as the month has featured the most SPAC deals closed all year with 14.
In fact, this is the highest monthly total in two years since the doozy in December 2021 during which 24 deals were closed. ...READ MORE
Innovative International (IOAC) Completes Zoomcar Deal
Innovative International Acquisition Corp. (NASDAQ:IOAC) announced yesterday evening that it has completed its combination with car-sharing program Zoomcar. The approval from shareholders was previously obtained in a special meeting on December 19. ...READ MORE
SPACInsider 2023 Awards and SPAC Deal of the Year
SPACInsider 2023 Awards
2023 was clearly a challenging year for deal-making, but, it wasn’t all doom and gloom. Within the SPAC ecosystem there were some noteworthy standouts that are worth highlighting. ...READ MORE
AIB Acquisition Corp. (AIB) to Combine with PSI Group in $200M Deal
AIB Acquisition Corporation (NASDAQ:AIB) has entered into a definitive agreement to combine with Hong Kong-based logistics service provider PSI Group at an enterprise value of $200 million, or 1.5x its 2021 revenue. ...READ MORE
Banyan Acquisition Corporation (BYN) Shareholders Approve Pinstripes Deal
Banyan Acquisition Corporation (NYSE: BYN) announced this morning that its shareholders approved its business combination with hospitality venture Pinstripes during a special meeting held on December 27.
At the meeting, stockholders holding 10,191,836 shares of common stock were present, representing 90.6% of the voting power of Banyan’s common stock, and constituting a quorum for the transaction. ...READ MORE
Berenson I (BACA) Secures $260M Share Purchase Agreement
Berenson Acquisition Corp. I (NYSE:BACA) announced this morning that it has secured a share purchase agreement of up to $260 million from ACM ARRT N.
As part of the agreement, the investor will purchase 1 million Series A preferred shares, which will each convert to 26 common shares at close. ...READ MORE
Morning Roundup: December 28, 2023
At the SPAC of Dawn
On the docket today, two SPACs will hold extension meetings while ShoulderUp Technology is set to have a shareholder meeting to elect new board members and confirm an auditor. ...READ MORE
EG Acquisition Corp. (EGGF) Completes flyExclusive Deal
EG Acquisition Corp. (NYSE:EGGF) announced this afternoon that it has closed its combination with private aviation firm flyExclusive.
The SPAC initially had a meeting slated for today for shareholders to approve an extension that would have pushed its completion deadline to January 28. ...READ MORE
PowerUp Acquisition Corp. (PWUP) to Combine with Visiox Pharmaceuticals
To access this post, you must purchase 1 - User: Monthly Plan.
Iron Horse Acquisitions Corp. (IROH) Prices Upsized $61M IPO
Iron Horse Acquisitions Corp. (NASDAQ: IROH) announced the pricing of its upsized $61 million IPO this morning. Its units are expected to begin trading on the Nasdaq under the symbol “IROHU” on Wednesday, December 27, 2023. ...READ MORE
Morning Roundup: December 27, 2023
At the SPAC of Dawn
Among the de-SPACs buffeted by the month’s tip into positive economic sentiment was one of the companies that helped boost the enthusiasm of the last SPAC cycle in the first place in MP Materials (NYSE:MP). ...READ MORE
BurTech Acquisition Corp. (BRKH) to Combine with Blaize in $894M Deal
BurTech Acquisition Corp. (NASDAQ:BRKH) has entered into a definitive agreement to combine with AI-enabled edge computing firm Blaize at an enterprise value of $894 million.
El Dorado Hills, California-based Blaize makes smart-vision hardware for the automotive, retail and software industries. ...READ MORE
Morning Roundup: December 26, 2023
At the SPAC of Dawn
AlphaTime is the only SPAC with a vote scheduled for the day after Christmas, that being an extension vote, and the final week of the year is currently looking lighter in expected actions. ...READ MORE
Brilliant Acquisition Corporation (BRLI) Completes Nukkleus Deal
Brilliant Acquisition Corp. (Nasdaq: BRLI) announced on Friday evening that it has closed its combination with crypto payments firm Nukkleus. Shareholders had already approved the deal during a special meeting held on December 13. ...READ MORE