Pono Three (NASDAQ:PTHR) has entered into a definitive agreement to combine with eVTOL aircraft developer Horizon Aircraft at an equity value of $216 million.
Toronto-based Horizon has developed a hybrid eVTOL design that involves lifting the craft vertically with rotors inside its wings and forward with a larger propeller at its rear. ...READ MORE
two (NYSE:TWOA) has entered into a definitive agreement to combine with developer LatAm Properties at an enterprise value of $578 million, or 26x its 2022 EBITDA.
San Jose, Costa Rica-based LatAm Logistic owns and leases a range of industrial properties in Central and South America. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Grove Collaborative Holdings (NYSE:GROV) is replacing its longtime chief executive officer after the seller of household essentials struggled since being taken public during the SPAC craze of the past few years.
Prime Number I (NASDAQ:PNAC) announced this morning that it plans to adjourn its upcoming vote to complete its combination with EV battery-maker Noco-Noco.
The special meeting was set to be held at 9 am ET today, but will be pushed to 10 am ET tomorrow. ...READ MORE
On August 11, and August 14, Kensington Capital V (NYSE:KCGI) and its sponsor entered into agreements with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 2,600,000 Class A ordinary shares. ...READ MORE
As previously disclosed, Pivotal Investment Corporation III (OTC:PICC) had called a special meeting of stockholders to consider and vote on an extension. ...READ MORE
M3-Brigade III (NYSE:MBSC) noted in a proxy filing today that it would be putting forward a proposal at an upcoming shareholder vote to amend the warrant agreement and buy back all outstanding warrants. ...READ MORE
FG Merger Corp. (NASDAQ:FGMC) announced in an 8-K this afternoon that it has signed a prepaid forward purchase agreement (FPA) with RiverNorth SPAC Arbitrage Fund in connection to its combination with iCoreConnect. ...READ MORE
Black Spade (NYSE:BSAQ) announced that it has closed its combination with Vietnamese EV-maker VinFast and the combined company’s shares and warrants will begin trading under the symbols “VFS” and “VFSWW” tomorrow, August 15. ...READ MORE
AlphaVest Acquisition Corp (NASDAQ: ATMV) has entered into a definitive agreement to combine with peer-to-peer ride-hailing marketplace Wanshun Technology Industrial Group Limited.
Shenzhen, China-based Wanshun engages primarily in a peer-to-peer marketplace for on-demand ride hailing services with around 5.8 million registered drivers. ...READ MORE
Landcadia IV (NASDAQ:LGA) noted in a preliminary 14A filing today that it would be putting forward a proposal at an upcoming shareholder vote to buy back all outstanding warrants for undisclosed cash compensation. ...READ MORE
Prime Number I (NASDAQ:PNAC) announced in an 8-K this morning that it has signed a forward purchase agreement (FPA) with Meteora Capital Partners affiliates covering up to 2,000,000 shares.
Meteora is to buy up to this amount of shares and will be issued 2,000,000 shares less any amounts it purchases. ...READ MORE
Oak Woods (NASDAQ:OAKU) announced in an 8-K this morning that it has entered into a definitive agreement to combine with Huajin at a valuation of $250 million.
Oak Woods has about $58.5 million in its trust with a transaction deadline coming up on September 28. ...READ MORE
Apeiron Capital Investment Corp. (OTCMKTS:APNC) announced today that it has notified GIO World Health, Ltd.
Insight Acquisition Corp. (NASDAQ:INAQ) announced this afternoon that it has mutually terminated its combination with oil and gas producer Avila (CSE:VIK), effective immediately.
The parties noted that they have nixed the deal as a result of challenging conditions in the SPAC market. ...READ MORE
Aurora Acquisition Corp. (NASDAQ: AURC) announced this afternoon that its shareholders approved its combination with proptech firm Better at a special meeting earlier today.
Aurora’s sponsor, directors and executive officers own 97.7% of the issued and outstanding ordinary shares, including 100% of the issued and outstanding Class B ordinary shares, and committed to vote in favor of the deal. ...READ MORE
Swiftmerge (NASDAQ:IVCP) has entered into a definitive agreement to combine with commercial-stage biotech firm HDL Therapeutics at a $480 million valuation.
Vero Beach, Florida-based HDL has developed a medical device designed to remove plaques from patients’ coronary arteries and has been approved for some high-risk patients. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Cano Health (NYSE:CANO) said on Thursday there is substantial doubt about the company’s ability to continue as a going concern this year, sending its shares down about 48% after the bell.