The Latest SPAC News and Rumors: September 5, 2023

Sep 5, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Rumble stock rises after CEO says he won’t sell shares when lock-up period ends, One Energy announces commercial operation of digital substation, and Singapore Exchange becomes first major bourse in Asia to allow SPAC listings

Rumble stock rises after CEO Chris Pavlovski says he won’t sell any shares when the lock-up period ends

Shares of Rumble Inc.

Mars Acquisition Corp. (MARX) to Combine with ScanTech Identification Beam Systems in $150M Deal

Sep 5, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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SPAC IPO Terms Tracker: September 1, 2023

Sep 2, 2023 Headline Post, INTEL by Kristi Marvin

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The Latest Liquidations: September 1, 2023

Sep 1, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: UTA Acquisition Corp.

UTA Acquisition Corp. (UTAA) to Liquidate on September 20

UTA Acquisition Corporation (NASDAQ:UTAA) will not consummate a business combination by September 6.

As a result, the company, as promptly as possible, but no later than September 20, will redeem 100% of the issued and outstanding Class A ordinary shares.

The Growth for Good Acquisition Corp. (GFGD) Adjourns Completion Vote to Sept. 6

Sep 1, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

The Growth for Good Acquisition Corporation (NASDAQ: GFGD) disclosed in a press release today that it has once again adjourned its special meeting. This marks the fourth postponement for shareholders to cast their votes on the SPAC’s combination with EV-maker ZeroNox. ...READ MORE

The Latest SPAC News and Rumors: September 1, 2023

Sep 1, 2023 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Babylon Holdings reportedly teetering on edge of collapse following merger failure

Babylon Holdings’ Financial Difficulties Mount After Merger Failure

Digital health firm Babylon Holdings Ltd.

Murphy Canyon Acquisition Corp. (MURF) Postpones Completion Vote

Aug 31, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its special meeting, initially scheduled for September 7, has been postponed to September 13 at 10:00 a.m.

As a result of this change, Murphy Canyon has also extended the redemption deadline for holders of its common stock to 5:00 p.m. ...READ MORE

The Latest SPAC News and Rumors: August 31, 2023

Aug 31, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Polestar posts $304M loss amid delays, Starry emerges from bankruptcy with new growth goals, and Oklo selected to provide clean power to Air Force Base

Polestar Posts $304 Million Loss Amid Delays, Competition

Polestar Automotive Holding (NASDAQ:PSNY) posted another operating loss in the second quarter as the electric-vehicle maker struggled with software delays and intensifying competition.

First Light Acquisition Group (FLAG) Expands FPA for Calidi Deal

Aug 31, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

First Light Acquisition Group, Inc. (NYSE:FLAG) announced in an 8-K this morning that it has brought additional funding to its combination with Calidi Therapeutics through a non-redemption agreement, forward purchase agreement (FPA) and PIPE. ...READ MORE

Northern Revival Acquisition Corp. (NRAC) Adjourns Extension Vote

Aug 30, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Northern Revival Acquisition Corp. (NASDAQ:NRAC) announced this afternoon that it adjourned today’s vote for a proposal to extend its completion deadline.

The SPAC stated that the meeting was adjourned due to technical difficulties with telephone connectivity and will be reconvened on August 31, at 2:00 p.m. ...READ MORE

The Latest Liquidations: August 30, 2023

Aug 30, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Crixus BH3

Crixus BH3 Acquisition Company (BHAC) to Liquidate on September 6

Crixus BH3 Acquisition Company (NASDAQ:BHAC) intends to discontinue its pursuit of an initial business combination and liquidate its trust account.

HNR Acquisition Corp. (HNRA) Re-Strikes Pogo Resources Deal

Aug 30, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

HNR Acquisition Corp. (NYSE:HNRA) announced this afternoon that it has reworked its combination with oil developer Pogo Resources to purchase all of the equity interests of the target.

The SPAC amended the membership interest purchase agreement to revise the purchase price to an aggregate amount of $63 million in cash plus two million shares of a new class of Class B Common Stock, which have no economic rights, and two million units in the company’s newly-formed subsidiary, HNRA Upstream, LLC, which are exchangeable for two million shares of newly created Class A Common Stock. ...READ MORE

The Growth for Good Acquisition Corp. (GFGD) Adjourns Completion Vote Again

Aug 30, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

The Growth for Good Acquisition Corporation (NASDAQ: GFGD) announced in a press release today that it has once again adjourned its special meeting, marking the third postponement for shareholders to vote on the SPAC’s combination with EV-maker ZeroNox. ...READ MORE

The Latest SPAC News and Rumors: August 30, 2023

Aug 30, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Zhaogang nears Hong Kong’s first SPAC merger, VinFast shares lose $83B as surge reverses, and SRIVARU awarded key patent

China Steel Website Zhaogang Nears Hong Kong’s First SPAC Merger, Sources Say

Chinese steel trading website Zhaogang.com

Fusion Acquisition Corp. II (FSNB) Signs LOI with Hyperloop Transportation

Aug 30, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Fusion Acquisition Corp. II (NYSE:FSNB) announced this morning that it has signed a non-binding letter-of-intent (LOI) to combine with transportation technology company Hyperloop Transportation Technologies for, so far, undisclosed terms.

The news comes within teasing distance of Fusion II’s extension vote scheduled for 11 am ET this morning. ...READ MORE

Graf Acquisition Corp. IV (GFOR) Adjourns Completion Vote

Aug 30, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Graf Acquisition Corp. IV (NYSE:GFOR) announced this morning that it plans to adjourn today’s vote to complete its combination with NKGen without conducting any business.

The special meeting will be pushed to 10:30 am ET September 8. ...READ MORE

The Latest Liquidations: August 29, 2023

Aug 29, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: African Gold Acquisition Corp.

African Gold Acquisition Corp. (AGAC) to Liquidate on September 8

On August 23, the NYSE notified African Gold Acquisition Corporation (NYSE:AGAC) that it had determined to commence proceedings to delist from the exchange due to the company’s inability to file its quarterly and annual reports. ...READ MORE

The Latest SPAC News and Rumors: August 29, 2023

Aug 29, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: AgileThought files for Chapter 11 bankruptcy, Hostess’ stock surges on talks of sale, and Barca to move HQ of its content subsidiary to the Netherlands

IT services firm AgileThought files for chapter 11 bankruptcy, return to private company

After going public in 2021, Irving-based IT services company AgileThought Inc. (NASDAQ:

Viveon Health Acquisition Corp. (VHAQ) Doubles Clearday Valuation in Re-Strike

Aug 29, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Viveon Health (NYSE:VHAQ) announced this morning that it has amended its combination with Clearday to double the equity consideration the target will receive to $500 million from $250 million.

This does not include options, warrants and the 5,000,000 shares Clearday shareholders may receive through an earnout if it achieves profitability over a 12-month period within five years of close. ...READ MORE

First Light Acquisition Group (FLAG) Signs FPA, Secures Shareholder Approval for Calidi Deal

Aug 29, 2023 De-SPAC Votes and Redemptions, Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

First Light Acquisition Group, Inc. (NYSE:FLAG) announced in an 8-K this morning that it has both secured shareholder approval for its combination with Calidi Therapeutics and entered into a forward purchase agreement (FPA) covering up to 340,000 shares to support it. ...READ MORE