The Latest Liquidations: September 21, 2023

Sep 21, 2023 INTEL by Kristi Marvin

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

Sep 21, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

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

Sep 21, 2023 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

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

Sep 21, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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

Sep 21, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

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

Sep 20, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Kristi Marvin

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

The Latest Liquidations: September 20, 2023

Sep 20, 2023 INTEL by Kristi Marvin

Latest SPAC Liquidations: Juniper II Corp.

Juniper II Corp. (JUN) to Liquidate on October 10, 2023

Juniper II Corp. (NYSE: JUN), today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock with such redemption anticipated to be effective as of October 10, 2023. ...READ MORE

TradeUP Acquisition Corp. (UPTD) Signs Additional Subscription Agreements Ahead of Close

Sep 20, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Kristi Marvin

TradeUP (NASDAQ:UPTD) announced in an 8-K this afternoon that has entered into additional subscription agreements in connection with its combination with Estrella Biopharma.

Under these subscription agreements, Plentiful Limited and Lianhe World Limited, collectively known as the “Investors”, agreed to each buy $5,000,000 worth of UPTD’s common stock, priced at $10.00 per share. ...READ MORE

Vahanna Tech Edge Acquisition I Corp. (VHNA) Closes Roadzen Deal

Sep 20, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNA) has closed its combination with insuretech firm Roadzen and its shares and warrants will begin trading on the Nasdaq tomorrow, September 21, under the symbols “RDZN” and “RDZNW”. ...READ MORE

The Latest SPAC News and Rumors: September 20, 2023

Sep 20, 2023 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

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

Abu Dhabi royal-backed firms to merge in region’s first SPAC deal

ADC Acquisition Corporation (ADC.AD)

Digital Transformation Opportunities (DTOC) Shareholders Approve American Oncology Deal

Sep 20, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Digital Transformation (NASDAQ:DTOC) announced in an 8-K this morning that its shareholders approved its business combination with physician network American Oncology at a special meeting yesterday.

The two sides later announced they have closed the transaction and the combined company will begin trading on the Nasdaq under the symbol “AONC” on September 21. ...READ MORE

Hennessy Capital Investment Corp VI (HCVI) Re-Schedules Extension with Non-Redemption Pact

Sep 20, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Hennessy Capital Investment Corp VI (NASDAQ:HCVI) announced in an 8-K filing this morning that it will push its September 27 extension vote to 9 am ET September 29.

Shareholders will now have until 5 pm ET September 27 to make their final redemption decisions and owners of 132,398 shares have decided to stay in as a part of a non-redemption agreement Hennessy VI also announced in the filing. ...READ MORE

Blockchain Coinvestors I (BCSA) Postpones Extension Vote to October 27

Sep 19, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Kristi Marvin

Blockchain Coinvestors I (NASDAQ:BCSA) announced this afternoon that it is postponing its special meeting to extend its timeline to complete its business combination.

The meeting was originally scheduled to be held on September 22, but will now be moved to Friday, October 27, 2023, at 11:30 a.m. ...READ MORE

Graf Acquisition Corp. IV (GFOR) Enters Into Warrant Subscription Agreement

Sep 19, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Kristi Marvin

Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that it has entered into a warrant subscription agreement with certain unnamed investors ahead of its completion vote to combine with NKGen Biotech. ...READ MORE

The Latest SPAC News and Rumors: September 19, 2023

Sep 19, 2023 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

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

VinFast’s second-quarter deliveries jump over fivefold sequentially

Vietnamese electric-vehicle maker VinFast said on Monday it had delivered 9,535 vehicles in the second quarter, recording a more than fivefold jump from the first quarter.

The Latest Non-Redemption Agreements: September 18, 2023

Sep 18, 2023 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Latest Non-Redemption Agreements: Live Oak Crestview Climate Acquisition Corp.

Live Oak Crestview Climate Acquisition Corp. (LOCC) Adds Non-Redemption Agreement

Live Oak Crestview Acquisition Corp. (NASDAQ:LOCC) came to a non-redemption agreement with an investor that will cover the lesser of 231,023 or 9.9% of its total outstanding Class A shares. ...READ MORE

Kingswood (KWAC) Amends Merger Agreement with Wentworth

Sep 18, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Kristi Marvin

Kingswood (OTC Pink:KWAC) announced via 8-K this afternoon that they have entered into their Second Amendment to the merger with broker-dealer aggregator Wentworth Management Services LLC.

This combination was originally announced over a year ago in July of 2022, with a pro forma enterprise value of $208 million. ...READ MORE

Golden Star Acquisition Corporation (GODN) to Combine with Gamehaus in $500M Deal

Sep 18, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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The Latest SPAC News and Rumors: September 18, 2023

Sep 18, 2023 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

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

British-based electric van group races to secure Arrival of rescue bid

A British-based company that boasted that it would be a global pioneer in electric vehicle manufacturing is trying to seal a rescue takeover within weeks.

Graf Acquisition Corp. IV (GFOR) Adds $10M in Note Funding to NKGen Biotech Deal

Sep 18, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this morning that it has added $10 million in convertible note funding to its combination with NKGen Biotech.

NKGen’s majority shareholder NKMax (KOSDAQ:182400) has put up the cash for the move and in exchange the notes are to bear interest payable at either a 5% rate in cash or 8% in stock. ...READ MORE