The Latest SPAC News and Rumors: September 25, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Terran Orbital Closes 432.5 Million Public Offering
Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), which combined with Tailwind Two in March 2022, today announced the closing of its previously announced public offering of 23,214,290 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 23,214,290 shares of common stock, at a combined public offering price of $1.40 per share (or common stock equivalent in lieu thereof) and accompanying warrant.
The Latest Non-Redemption Agreements: September 25, 2023
Welsbach Technology Metals Acquisition Corp. (WTMA) to Discuss Non-Redemption Agreements
Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) announced in an 8-K today that it intends to discuss signing non-redemption agreements of unspecified size with investors ahead of its September 28 extension vote. ...READ MORE
The Latest Liquidations: September 25, 2023
Latest SPAC Liquidations: Iconic Sports Acquisition Corp.
Iconic Sports Acquisition Corp. (ICNC) to Liquidate on October 11, 2023
Iconic Sports Acquisition Corp. (NYSE: ICNC), today announced that its board of directors has determined to redeem all of its issued and outstanding Class A ordinary shares, effective as of October 11, 2023. ...READ MORE
The Latest SPAC News and Rumors: September 25, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Conduit’s $1.2bn Nasdaq listing deals another blow to London
A British biopharmaceuticals business has completed a deal to list on Nasdaq, delivering a further blow to the London Stock Exchange which has struggled to persuade fast-growing companies to float in the UK.
Mercato Partners Acquisition Corporation (MPRA) Adds $11M PIPE to Nuvini Deal
Mercato Partners (NASDAQ:MPRA) announced in an 8-K this morning that it has added an $11.1 million PIPE at $10 per share to its combination with Brazilian software firm Nuvini.
The PIPE investors remain unnamed for now, but this move would cover the combination’s $10 million minimum cash condition. ...READ MORE
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