The Latest SPAC News and Rumors: July 25, 2023

Jul 25, 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: FaZe Clan partners with McDonalds, American Battery Materials acquires substantial mining claims, and Inspirato announces second round of job cuts

FaZe Clan Explores Acquisition Offers and Partners with McDonalds in Pursuit of Growth and Innovation in Esports and Gaming

On July 24, 2023, it has been reported that FaZe Clan (NASDAQ:FAZE), a prominent esports and gaming content organization headquartered in Los Angeles, is currently assessing acquisition proposals from Gamesquare and Enthusiast Gaming.

A Strategic Approach to Restructuring: What Sponsors Should Know

Jul 25, 2023 Headline Post, INTEL by Kristi Marvin

By John Umbach and Andrew Fiscella, Marsh’s SPAC leaders

Additional contribution from Michael Gil and Paul Figliozzi, Marsh’s Turnaround & Restructuring Practice leaders

For more information on SPAC risk and Marsh’s SPAC risk specialists, visit Marsh.com ...READ MORE

Tristar Acquisition I Corp. (TRIS) Sells Sponsor Ownership

Jul 24, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Tristar Acquisition I Corp. (NYSE:TRIS) announced in an 8-K this afternoon that it entered into a securities purchase agreement with its sponsor, Tristar Holdings I LLC, and Navy Sail International Limited. ...READ MORE

Keen Vision Acquisition Corp. (KVAC) Prices $130M IPO

Jul 24, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

Keen Vision Acquisition Corp. announced the pricing of its $130 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “KVACU” on Tuesday, July 25, 2023. ...READ MORE

The Latest Liquidations: July 24, 2023

Jul 24, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Heartland Media

Heartland Media Acquisition Corp. (HMA) to Liquidate on July 25

Heartland Media Acquisition Corp. (NYSE: HMA) today announced that it will redeem all of its outstanding shares of Class A common stock, effective as of the close of business on August 8. ...READ MORE

Alpha Partners Technology Merger Corp. (APTM) Adjourns Extension Vote

Jul 24, 2023 De-SPAC Votes and Redemptions, Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Alpha Partners Technology Merger Corp. (NASDAQ:APTM) announced in a filing this afternoon that it plans to adjourn its special shareholder meeting, originally scheduled for July 25, until July 27.

The SPAC plans to open the meeting as scheduled tomorrow at 11:00 a.m. ...READ MORE

The Latest SPAC News and Rumors: July 24, 2023

Jul 24, 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: PlayUp pauses capital raise after business hit by regulator, Bridger Aerospace enters into definitive purchase agreement with Bighorn Airways, and True Velocity acquires Delta P

PlayUp pauses $10m capital raise after US business hit by regulator

PlayUp, the Australian fantasy sports betting outfit, has paused its $10 million capital raise until it can sell its business in the United States.

TLG Acquisition One Corp. (TLGA) Adds FPA to Electriq Power Deal

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

TLG One (NYSE:TLGA) announced in an 8-K this morning that it has signed a forward purchase agreement (FPA) with Meteora Capital Partners to support its combination with Electriq Power.

Meteora will purchase up to 9.9% of TLG One’s outstanding shares and may waive this ownership restriction at its discretion. ...READ MORE

Everest Consolidator Acquisition Corp. (MNTN) Announces Tweaks to Unifund Deal

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

Everest Consolidator (NYSE:MNTN) provided an update this morning to its combination with debt collector Unifund, which it initially announced in May.

In a press release, the SPAC noted that it expects to contribute 1,500,000 promote shares to a bonus pool that will be distributed pro rata to non-redeeming shareholders in an effort to retain at least $60 million in its $185 million trust through to close. ...READ MORE

BlueRiver Acquisition Corp. (BLUA) to Combine with Spinal Stabilization Technologies in $240M Deal

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

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SPAC IPO Terms Tracker: July 21, 2023

Jul 22, 2023 Headline Post, INTEL by Kristi Marvin

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The Latest Liquidations: July 21, 2023

Jul 21, 2023 INTEL by Marlena Haddad

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

Jul 21, 2023 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

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

Jul 21, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

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

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

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

Jul 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: 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

Jul 20, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

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

Jul 20, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

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

Jul 20, 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: SPEAR Investments I in advanced discussions to acquire QEV Technologies

Dutch SPAC in advanced talks to acquire electric vehicle group

SPEAR Investments I, a special purpose acquisition company, is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 million euros ($234 million), the companies said on Thursday.

Podcast: AtlasClear’s Craig Ridenhour and Quantum Fintech’s (QFTA) John Schaible

Jul 20, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

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