Alpha Healthcare III (ALPA) Signs LOI with Post-Close Acquisition for Carmell Deal

Jun 27, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Alpha Healthcare III (NASDAQ:ALPA) announced this morning that it has signed a non-binding LOI for its combination Carmell Therapeutics to acquire an unnamed commercial-stage biotech firm for about $65 million.

The consideration would come in the form of $8 million in cash and $57 million in combined Carmell stock at close plus $75 million in potential milestone payments paid out along the same split (12% cash and 88% shares). ...READ MORE

The Latest Non-Redemption Agreements: June 26, 2023

Jun 26, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: GSR II Meteora

GSR II Meteora Acquisition Corp. (GSRM) Adds Non-Redemption Agreement

On June 22, 2023, June 23, 2023, and June 26, 2023, GSR II Meteora Acquisition Corp. (NASDAQ:GSRM) entered into additional non-redemption agreements with certain third parties. ...READ MORE

The Latest Liquidations: June 26, 2023

Jun 26, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Elliott Opportunity II Corp.

Elliott Opportunity II Corporation (EOCW) to Liquidate on July 11

Elliott Opportunity II Corp. (NYSE:EOCW) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of July 11. ...READ MORE

Kairous Acquisition Corp. Limited (KACL) Mutually Terminates Wellous Deal

Jun 26, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Kairous Acquisition Corp. Limited (NASDAQ:KACL) announced this afternoon that its business combination with nutrition company Wellous has been mutually terminated.

Since the termination was by mutual agreement, there won’t be a termination fee or other payment due to either party. ...READ MORE

Priveterra Acquisition Corporation (PMGM) Adjourns Completion Vote for Sixth Time

Jun 26, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Priveterra Acquisition Corp. (NASDAQ:PMGM) announced this afternoon that its special meeting, intended to approve its combination with AEON Biopharma, has been adjourned for the sixth time.

Initially scheduled for noon today, the meeting has now been pushed back to the same time on June 28. ...READ MORE

ExcelFin Acquisition Corp. (XFIN) to Combine with Baird Medical in $370M Deal

Jun 26, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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The Latest SPAC News and Rumors: June 26, 2023

Jun 26, 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: Martin Franklin makes offer to acquire Whole Earth Brands and Lucid to power Aston Martin’s future EVs

Franklin Eyes Buyout of Whole Earth Brands in $169 Million Deal

Whole Earth Brands Inc.’s

TKB Critical Technologies 1 (USCT) Terminates Wejo Deal, Adjourns Extension Vote

Jun 26, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

TKB Critical Technologies 1 (NASDAQ:USCT) announced a series of moves this morning that include terminating their combination with Wejo (OTC:WEJOQ), selling sponsor economics and postponing today’s extension meeting to 11:30 am ET June 28. ...READ MORE

GSR II Meteora Acquisition Corp. (GSRM) Adds $50M to Bitcoin Depot Deal

Jun 26, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

GSR II Meteora (NASDAQ:GSRM) announced this morning that it has added $50 million in funding to its combination with Bitcoin Depot through a mix of PIPE and non-redemption agreements.

PIPE investors have agreed to purchase 4,300,000 Series A Preferred shares, which will rank senior to common stock with regards to dividends and distributions but will not hold voting rights. ...READ MORE

SPAC IPO Terms Tracker: June 23, 2023

Jun 24, 2023 Headline Post, INTEL by Kristi Marvin

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The Latest Non-Redemption Agreements: June 23, 2023

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

Latest Non-Redemption Agreements: 7GC & Co. Holdings Inc.

7GC & Co. Holdings Inc. (VII) Adds Non-Redemption Agreement

On June 22, 7GC & Co. Holdings Inc. (NASDAQ:VII) and the sponsor, 7GC & Co. Holdings LLC, entered into a non-redemption agreement with an unaffiliated third party in exchange for the Holder agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 250,000 shares of Class A common stock. ...READ MORE

The Latest Liquidations: June 23, 2023

Jun 23, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Corsair Partnering Corporation

Corsair Partnering Corporation (CORS) to Liquidate on July 11

Corsair Partnering Corporation (NYSE:CORS) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of July 11. ...READ MORE

Babylon (BBLN) Announces Take-Private Transaction with MindMaze

Jun 23, 2023 Headline Post, INTEL by Marlena Haddad

Babylon (NYSE:BBLN) provided an update this morning on its recapitalization transaction, announcing that it has accepted a take-private proposal from AlbaCore on behalf of its affiliate, digital neurotherapeutic platform MindMaze.

The parties expect the transaction to close by July, but as the two companies work to come together within the next few weeks, they will both continue executing their day-to-day operations. Over ...READ MORE

The Latest SPAC News and Rumors: June 23, 2023

Jun 23, 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: Blue Owl to retire its Owl Rock and Dyal brands, former Lordstown Motors CEO cashes out

Blue Owl to Retire Its Owl Rock and Dyal Brands as Founders Feud

Blue Owl Capital Inc.

Banyan Acquisition Corp. (BYN) to Combine with Pinstripes in $520M Deal

Jun 23, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Podcast: Critical Metals Chairman Tony Sage

Jun 23, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

With lithium supply for EVs and other batteries tight and much of it coming with geopolitical baggage, one new SPAC deal is looking to put forward a lithium stock with less baggage. ...READ MORE

First Light Acquisition Group (FLAG) Adds $25M to Calidi Biotherapeutics Deal

Jun 23, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

First Light (FLAG) announced this morning that it has secured $25 million in additional funding for its combination with clinical-stage drug developer Calidi Biotherapeutics.

The investment is to be led by Jackson Investment Group, which has put forward $5 million as the first stage of a Series B. ...READ MORE

Tastemaker Acquisition Corp. (TMKR) Terminates Quality Gold Deal

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

Tastemaker Acquisition Corp. (NASDAQ:TMKR) announced this afternoon that it has terminated its combination with jewelry distributor Quality Gold.

The parties noted that they decided to nix the deal due to market conditions that would be challenging to navigate. ...READ MORE

The Latest Liquidations: June 22, 2023

Jun 22, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Forum Merger IV

Forum Merger IV Corporation (FMIV) to Liquidate on June 22

Forum Merger IV Corporation (Nasdaq: FMIV) today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock, effective as of June 22. ...READ MORE

Minority Equality Opportunities (MEOA) Terminates Digerati Deal

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

Minority Equality Opportunities (NASDAQ:MEOA) announced this afternoon that it has terminated its combination with cloud services firm Digerati (OTCQB:DTGI).

The 8-K gave few further details, but the SPAC had postponed its completion vote five times as it worked on a means of keeping more shares active in the company and allowing it to maintain listing standards. ...READ MORE