Morning Roundup: October 19, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
While crypto trading has proliferated in popularity in recent years, the state of New York has been one lucrative part of the map that crypto exchanges have had some limitations on due to regulatory structures. ...READ MORE
Data Knights Acquisition Corp. (DKDCA) Shareholders Approve OneMedNet Deal
Data Knights Acquisition Corp. (NASDAQ:DKDCA) announced that its shareholders approved its combination with medical image archiver OneMedNet at a special meeting held yesterday.
In connection with the meeting, stockholders holding 1,614,148 shares of Class A Common Stock exercised their right to redeem such shares for a pro-rata portion of the funds. ...READ MORE
RF Acquisition Corp (RFAC) to Combine with GCL Asia in $1.2Bn Deal
RF Acquisition Corp (NASDAQ:RFAC) has entered into a definitive agreement to combine with video game company GCL Asia at an equity valuation of $1.2 billion.
Singapore-based GCL produces and distributes video games through four subsidiaries spread across seven countries. ...READ MORE
Morning Roundup: October 18, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
“The show must go on!” ...READ MORE
Israel Acquisitions Corp. (ISRL) Signs LOI with Pomvom Ltd.
Israel Acquisitions Corp. (NASDAQ:ISRL) has signed a non-binding letter of intent (LOI) to combine with Tel Aviv-based software development company Pomvom (TA:PMVM).
The clearly news comes at a sensitive time for both ends of the transaction as the war in Gaza grinds on and Tel Aviv braces for intermittent rocket attacks. ...READ MORE
Morning Roundup: October 17, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
After largely positive Monday for US markets, futures are back in the red as traders anticipate the drop of the September 2023 Advance Monthly Retail report at 8:30 am ET. ...READ MORE
Non-EV Car De-SPACs Prove Automotive to Be Tough for SPACs, IPOs Alike
So many EV companies went public through SPACs during the recent boom times that the electrification of consumer vehicles was briefly synonymous with SPACs a financial vehicle. As such, the market opinion of both appears to have risen and fallen together. ...READ MORE
Insight Acquisition Corp. (INAQ) to Combine with Alpha Modus in $175M Deal
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Aimfinity Investment Corp. I (AIMAU) to Combine with Docter, Inc. in $60M Deal
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ShoulderUp Technology (SUAC) Signs LOI with Airspace Experience Technologies
ShoulderUp Technology Acquisition Corp. (NYSE: SUAC) has signed a non-binding letter of intent (LOI) to combine with eVTOL aircraft company Airspace Experience Technologies.
Founded in 2017, the Detroit-based company aims to offer the public, logistic companies, and first-response teams a cleaner, faster and more affordable transportation alternative. ...READ MORE
Morning Roundup: October 16, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
As oil prices tick upwards, one SPAC neared close heading into the weekend with a company making a different sort of bet on a de-carbonizing economy. ...READ MORE
SPAC IPO Terms Tracker: October 13, 2023
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Twin Ridge (TRCA) Shareholders Approve Carbon Revolution Deal
Twin Ridge Capital Acquisition Corp. (NYSE:TRCA) announced that its shareholders approved its combination with automotive wheel-maker Carbon Revolution (ASX:CBR) at a special meeting held yesterday.
Holders of 10,445,986 ordinary shares were present at yesterday’s meeting, representing approximately 90.09% of the voting power of Twin Ridge’s ordinary shares, and constituting a quorum. ...READ MORE
Perception Capital Corp. II (PCCT) Shareholders Approve Spectaire Deal
Perception Capital Corp. II (NASDAQ:PCCT) announced that its shareholders approved its combination with equipment manufacturer Spectaire at a special meeting held earlier today.
At the meeting, holders of 1,534,487 Class A ordinary shares and 5,750,000 Class B ordinary shares were present, representing 92.26% of the issued and outstanding shares. ...READ MORE
Morning Roundup: October 13, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Yesterday came the first update in months in the SPAC deal that has captivated retail investors like no other since the boom times as Digital World (NASDAQ:DWAC) gave an update in its work to trim down its PIPE. ...READ MORE
Bridgetown Holdings (BTWN) Completes MoneyHero Deal
Bridgetown Holdings (NASDAQ:BTWN) announced this afternoon that it has completed its combination with fintech platform MoneyHero after shareholders approved the deal at a meeting held on October 10.
In connection with the business combination, holders of 5,452,739 shares of Bridgetown’s Class A ordinary shares exercised their right to redeem their shares at approximately $10.36 per share, for an aggregate redemption amount of $56,530,289.75. ...READ MORE
Digital World Acquisition Corp. (DWAC) PIPE Shaved Down to $533M
Digital World Acquisition Corp. (NASDAQ:DWAC) announced overnight that in its efforts to renegotiate the $1 billion PIPE for its combination with Trump Media & Technology Group, those commitments have now been reduced to $533 million. ...READ MORE
Morning Roundup: October 12, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
With yet another high-profile regular-way IPO breaking price on its debut in the form of Birkenstock (NYSE:BIRK), there is still a palpable chill in the air around new issuance despite other strong signs in the market. ...READ MORE
C5 Acquisition Corp (CXAC) Sets Up Fight Over Liquidation Payment
C5 Acquisition Corp (NYSE:CXAC) filed an 8-K yesterday tipping off that the Sponsors never made their last extension contribution to the Trust back on September 11. What’s worse, they don’t intend to now that they have announced they are going to liquidate. ...READ MORE