The Latest SPAC News and Rumors: August 24, 2023

Aug 24, 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: Australian Oilseeds secures $7M investment, NKGen Biotech announces first patient dosed in Phase 1 clinical trial, and Nauticus announces $2.1M contract with Leidos

Arena Investors, Australian Oilseeds Holdings Limited and EDOC Announce an Investment of up to $7 Million and Plans for a $50 Million ELOC

Arena Investors has entered into an agreement with Australian Oilseeds, a holding company whose subsidiaries have engaged for more than 20 years in the business of processing, manufacturing and selling of non-GMO oilseeds, and EDOC Acquisition Corp.

SEP Acquisition Corp. (SEPA) to Combine with SANUWAVE in $127M Deal

Aug 24, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

SEP (NASDAQ:SEPA) has entered into a definitive agreement to combine with wound care firm SANUWAVE (OTC:SNWV) at an enterprise value of $127.5 million, or 7.6x its 2022 revenue.

Eden Prairie, Minnesota-based SANUWAVE has commercialized its FDA-approved UltraMist medical device, which accelerates healing and reduces inflammation by delivering a pain-free mist of medicines to the effected area. ...READ MORE

Clean Energy Special Situations Corp. (SWSS) Adjourns Extension Vote

Aug 24, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Clean Energy Special Situations Corp. (NASDAQ:SWSS) announced in an 8-K this morning that it will postpone its extension vote from today to 11 am ET August 28.

It also provided an update on its trust value in the filing, noting that after accounting for taxes it has about $10.18 per share in trust, rather than the $10.36 cited in its last proxy. ...READ MORE

FG Merger Corp. (FGMC) Shareholders Approve iCoreConnect Deal

Aug 23, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

FG Merger Corp. (NASDAQ:FGMC) announced in an 8-K that its shareholders approved its combination with healthcare workflow platform iCoreConnect at a shareholder meeting held on August 18.

There were 8,591,337 shares of FGMC’s common stock present at last week’s special meeting, representing 84.58% of the total outstanding shares, constituting a quorum. ...READ MORE

The Latest Non-Redemption Agreements: August 23, 2023

Aug 23, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Northern Star Investment Corp. IV, Northern Star Investment Corp. III, and Concord II

Northern Star Investment Corp. IV (NSTD) Adds Non-Redemption Agreement

On August 22, and August 23, Northern Star IV’s (NYSE:NSTD) sponsor, entered into agreements with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 1,400,000 shares. ...READ MORE

The Latest Liquidations: August 23, 2023

Aug 23, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Waverley Capital 1

Waverley Capital Acquisition Corp. 1 (WAVC) to Liquidate on August 24

Waverley Capital Acquisition Corp. 1 (NYSE:WAVC) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of September 8, because the company will not consummate an initial business combination within the time period required. ...READ MORE

Spree Acquisition Corp. 1 (SHAP) Mutually Terminates zTrip Deal

Aug 23, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Spree Acquisition Corp. 1 Limited (NYSE:SHAP) announced this afternoon that it has mutually terminated its combination with taxi fleet operator zTrip, effective immediately.

The parties expressed that they decided to part ways due to challenging market conditions, concluding that pursuing the deal would not be the most effective route to fulfill zTrip’s long-term strategic goals. ...READ MORE

Dune Acquisition Corporation (DUNE) Re-Strikes Global Hydrogen Deal

Aug 23, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Dune Acquisition Corporation (NASDAQ:DUNE) announced in an 8-K this afternoon that it has re-worked its combination with sustainable energy firm Global Hydrogen.

The parties amended the purchase agreement yesterday, pursuant to which the aggregate share consideration to be paid to the sellers was reduced from $57.5 million to $48 million. ...READ MORE

The Latest SPAC News and Rumors: August 23, 2023

Aug 23, 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: Coinbase buys stake in Circle, ZeroNox launches IndiCon platform, and Better.com’s

InterPrivate III Financial Partners Inc. (IPVF) Terminates Aspiration Deal

Aug 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

InterPrivate III Financial Partners Inc. (NYSE:IPVF) announced this afternoon that it has terminated its combination with ESG-focused financial services firm Aspiration, effective August 29.

The SPAC did not disclose further information as to why the parties nixed the deal. ...READ MORE

First Light Acquisition Group (FLAG) Adjourns Completion Vote

Aug 22, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

First Light Acquisition Group, Inc. (NYSE: FLAG) announced that it convened and then adjourned, without conducting any other business, its completion vote to August 24, at 10:30 a.m. ET.

Shareholders are to vote on a proposal to approve the SPAC’s $335 million business combination with clinical-stage drug developer Calidi Biotherapeutics. ...READ MORE

The Latest Liquidations: August 21, 2023

Aug 21, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: FTAC Zeus Acquisition Corp.

FTAC Zeus Acquisition Corp. (ZING) to Liquidate on August 23

FTAC Zeus Acquisition Corp. (NASDAQ:ZING) today announced its decision to cancel its special meeting scheduled for Monday, August 21. ...READ MORE

Ross Acquisition Corp. II (ROSS) Mutually Terminates APRINOIA Deal

Aug 21, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Ross Acquisition Corp II (NYSE:ROSS) announced this afternoon that it has mutually terminated its combination with drug developer APRINOIA, effective immediately.

The parties did not disclose why they decided to nix the deal and did not provide further details. ...READ MORE

New SPAC: Quetta Acquisition Corp. Files for $60M IPO

Aug 21, 2023 Headline Post, INTEL, New S-1 Filings by Marlena Haddad

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Finnovate Acquisition Corp. (FNVT) to Combine with Scage International in $1Bn Deal

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

Finnovate (NASDAQ:FNVT) has entered into a definitive agreement to combine with sustainable heavy truck manufacturer Scage at post-money valuation of $1 billion.

Nanjing, China-based Scage is developing a line of hybrid heavy trucks for use in the mining and road freight sectors. ...READ MORE

The Latest SPAC News and Rumors: August 21, 2023

Aug 21, 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: WeWork plunges another 11% following reverse stock split announcement

WeWork Plunges Another 11% After Announcing Reversing Stock Split To Try And Keep NYSE Listing

WeWork (NYSE:WE), the office-sharing company once valued at $47 billion, said Friday it will undergo a 1-for-40 reverse stock split to try and keep its stock from being delisted.

Compass Digital Acquisition Corp. (CDAQ) Sells Sponsor Economics to Hennessy Team

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

Compass Digital (NASDAQ:CDAQ) announced in an 8-K this morning that has sold the majority of its sponsor economics to HCG Opportunity.

The SPAC is parting with 3,093,036 promote shares (58.2%) and 3,000,000 private warrants (64.4%) and HCG will pay up to $300,000 to entities that are owed fees from Compass Digital. ...READ MORE

The Growth for Good Acquisition Corporation (GFGD) Adds $5M PIPE to ZeroNox Deal

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

The Growth for Good (NASDAQ:GFGD) announced this morning that it has added a $5 million PIPE to its combination with EV-maker ZeroNox with the participation of several strategic investors.

The PIPE is set at $10 per share, but The Growth for Good has not yet filed other terms. ...READ MORE

SDCL EDGE Acquisition Corporation (SEDA) Signs LOI with KME’s Aerospace Business

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

SDCL EDGE (NYSE:SEDA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with several entities comprising KME’s specialty aerospace business for undisclosed terms.

The LOI would see KME retain a majority stake in the business post-close and the parties expect to announce more details if they come to a definitive agreement. ...READ MORE

SPAC IPO Terms Tracker: August 18, 2023

Aug 19, 2023 Headline Post, INTEL by Kristi Marvin

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