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