SPAC IPO Terms Tracker: July 21, 2023
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The Latest Liquidations: July 21, 2023
Latest SPAC Liquidations: Aequi Acquisition Corp., DA32 Life Science Tech
DA32 Life Science Tech Acquisition Corp. (DALS) to Liquidate on July 28
DA32 Life Science Tech Acquisition Corp. (Nasdaq: DALS) today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock, effective as of July 28. ...READ MORE
Alset Capital Acquisition Corp. (ACAX) Postpones Completion Vote
Alset Capital Acquisition Corp. (Nasdaq: ACAX) announced this afternoon that it has postponed its completion vote from July 25 until 9:00 a.m. ET on August 1.
As a result of this change, Alset has extended the redemption deadline to 5:00 p.m. ...READ MORE
Priveterra Acquisition Corp. (PMGM) Completes AEON Biopharma Deal
Priveterra Acquisition Corp. (Nasdaq: PMGM) announced this afternoon that it has completed its business combination with AEON Biopharma.
The news follows the SPAC’s eight consecutive adjournments of the completion vote. However, during this period, Priveterra managed to secure up to $105 million in new funding through a mix of facilities. ...READ MORE
Chenghe Acquisition Co. (CHEA) to Combine with Taiwan Color Optics in $380M Deal
Chenghe (NASDAQ:CHEA) has entered into a definitive agreement to combine with precision glass-maker Taiwan Color Optics at an equity value of $380 million.
Taiwan-based Taiwan Color Optics was founded in 2009 and has a pair of R&D facilities in Taiwan working to produce precision glass, light and chip components for the electronics industry. ...READ MORE
The Latest SPAC News and Rumors: July 21, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC settles SEC charges of fraud and Global Hydrogen Energy selected by Port of Brownsville as private development partner in $15M funding application
SPAC that plans to merge with Trump Media settles SEC charges of fraud
A special purpose acquisition firm that is set to merge with former U.S.
The Latest Non-Redemption Agreements: July 20, 2023
Latest Non-Redemption Agreements: Portage Fintech
Portage Fintech Acquisition Corporation (PFTA) Adds Non-Redemption Agreement
On July 14, 2023, July 17, 2023, July 18, 2023 and July 19, 2023, Portage Fintech Acquisition Corporation (NASDAQ:PFTA) and its sponsor, PFTA I LP entered into non-redemption agreements with certain unaffiliated third parties in exchange for the Holder or Holders agreeing either not to request redemption in connection with the extension with respect to an aggregate of approximately 2 million Class A ordinary shares. ...READ MORE
TortoiseEcofin Acquisition Corp. III (TRTL) Signs LOI
TortoiseEcofin Acquisition Corp. III (NYSE:TRTL) announced this afternoon that it has executed a non-binding letter of intent (LOI) to combine with an industrial renewable power solutions company.
As of now, the SPAC has not disclosed any additional information about the unnamed target. ...READ MORE
The Latest SPAC News and Rumors: July 20, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SPEAR Investments I in advanced discussions to acquire QEV Technologies
Dutch SPAC in advanced talks to acquire electric vehicle group
Podcast: AtlasClear’s Craig Ridenhour and Quantum Fintech’s (QFTA) John Schaible
SPAC structures can provide unique opportunities to bring together many pieces to a new puzzle, which is very much the case with this week’s deal.
This week, we speak with John Schaible, Chairman and CEO of Quantum Fintech Acquisition Corporation (NYSE: QFTA), and Craig Ridenhour, Chief Business Development Officer at AtlasClear. ...READ MORE
BlueRiver Acquisition Corp. (BLUA) Postpones Extension Vote
BlueRiver Acquisition Corp. (NYSE:BLUA) announced in an 8-K this afternoon that it has postponed its extension vote from July 21 to July 28 at 10 a.m. ET.
As a result, the SPAC will also extend the redemption deadline to July 26. ...READ MORE
The Latest Non-Redemption Agreements: July 19, 2023
Latest Non-Redemption Agreements: KnightSwan
KnightSwan Acquisition Corporation (KNSW) Adds Non-Redemption Agreement
In connection with the special meeting called by the KnightSwan Acquisition Corp. (NYSE:KNSW) to approve an extension from July 25, 2023 to July 25, 2024, shareholders holding an aggregate of 18,355,353 of Class A ordinary shares exercised their right to redeem their shares. ...READ MORE
The Latest Liquidations: July 19, 2023
Latest SPAC Liquidations: Enterprise 4.0 Technology and Bilander
Enterprise 4.0 Technology Acquisition Corp. (ENTF) to Liquidate on July 21
Enterprise 4.0 Technology Acquisition Corp. (NASDAQ:ENTF) announced today that it will be unable to consummate an initial business combination and intends to dissolve and liquidate. ...READ MORE
Colombier Acquisition Corp. (CLBR) Shareholders Approve PublicSq Deal
Colombier Acquisition Corp. (NYSE: CLBR) announced this afternoon that its shareholders approved its combination with values-based marketplace PublicSq at a special meeting held earlier today.
After accounting for stockholder redemptions, PublicSq. ...READ MORE
The Latest SPAC News and Rumors: July 19, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: VinFast to start construction of US factory next week, LanzaTech partners with GAIL, and X-energy and Energy Northwest sign joint development agreement for modular reactor project
Vietnam EV maker VinFast to start construction of US factory next week
Alpha Partners Technology Merger Corp. (APTM) Signs LOI with Glowforge
Alpha Partners Technology Merger Corp. (NASDAQ:APTM) announced in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with 3D printing firm Glowforge.
The SPAC has thus far released no other details on the proposed merger beyond that Glowforge’s existing shareholders would be expected to roll 100% of their equity into the combined entity. ...READ MORE
PowerUp Acquisition Corp. (PWUP) Sells Sponsor Economics
PowerUp (NASDAQ:PWUP) announced in an 8-K this morning that it has sold a large portion of its sponsor stake to SRIRAMA Associates in exchange for the investor taking on management responsibilities for the SPAC. ...READ MORE
The Latest Non-Redemption Agreements: July 18, 2023
Latest Non-Redemption Agreements: Deep Medicine
Deep Medicine Acquisition Corporation (DMAQ) Adds Non-Redemption Agreement
As previously disclosed, Deep Medicine Acquisition Corp. (NASDAQ:DMAQ) and its sponsor, Bright Vision Sponsor LLC, have entered into certain non-redemption agreements with certain unaffiliated third parties in connection with the special meeting on July 13. ...READ MORE