TLGY Acquisition Corporation (TGLY) to Combine with Verde Bioresins in $433M Deal
To access this post, you must purchase 1 - User: Monthly Plan.
The Latest SPAC News and Rumors: June 22, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: London’s New Energy One mulls Eni North Sea merger, Freightos partners with Wideroe, and SpaceMobile confirms 4G capabilities to smartphones from space
London-listed SPAC New Energy One in talks about Eni North Sea merger
A London-listed vehicle advised by Amber Rudd, the former home secretary, is in talks to merge with a portfolio of carbon capture and storage (CCS) projects part-owned by Eni, the Italian energy giant.
FTAC Emerald Acquisition Corp. (EMLD) Signs LOI
FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) announced that on March 16, it signed a non-binding letter of intent (LOI) to combine with an unnamed target.
With a completion deadline of June 20, FTAC Emerald was set to expire, but now that it has announced a signed LOI in hand, the company will receive an automatic extension of three months, giving it a new deadline of September 20. ...READ MORE
Priveterra Acquisition Corporation (PMGM) Adjourns Completion Vote for Fifth Time
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 fifth time.
Initially scheduled for noon today, the meeting has now been rescheduled for the same time on June 26. ...READ MORE
The Latest SPAC News and Rumors: June 21, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SEC charges Marcum LLP for quality control deficiencies, flyExclusive launches enhanced Jet Club and fractional program and Owlet announces clearance from FDA
SEC Charges Audit Firm Marcum LLP for Widespread Quality Control Deficiencies
The Securities and Exchange Commission today charged audit firm Marcum LLP with systemic quality control failures and violations of audit standards in connection with audit work for hundreds of SPAC clients beginning at the latest in 2020.
The Latest Non-Redemption Agreements: June 20, 2023
Latest Non-Redemption Agreements: Cartica Acquisition Corp.
Cartica Acquisition Corp. (CITE) Adds Non-Redemption Agreement
On June 16, Cartica Acquisition Corp. (NASDAQ:CITE) entered into certain non-redemption agreements with unaffiliated institutional investors in exchange for the Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 700,000 Class A ordinary shares. ...READ MORE
Frontier Investment Corp. (FICV) Adjourns Extension Vote Again
Frontier Investment Corp. (NASDAQ: FICV) announced this afternoon that it has once again decided to adjourn its special meeting.
Initially planned for June 16, the extension meeting was adjourned by Frontier Investment’s chairman until June 22, but is now being further delayed until June 29 at 9:00 a.m. ...READ MORE
ROC Energy Acquisition Corp. (ROC) Completes Drilling Tools International Deal
ROC Energy Acquisition Corp. (NASDAQ:ROC) announced this afternoon that it has completed its business combination with oilfield services company Drilling Tools International (“DTI”).
The transaction generated $25.9 million of cash from a common stock PIPE and $1.7 million of cash from ROC’s trust account, considering redemptions. ...READ MORE
The Latest SPAC News and Rumors: June 20, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Volocopter to serve Paris Olympics, ZeroNox announces product development agreement with Kubota Corp.,
...READ MORE
SPAC IPO Terms Tracker: June 16, 2023
To access this post, you must purchase 1 - User: Monthly Plan.
Fifth Wall Acquisition Corp. III (FWAC) Amends Sponsor and Subscription Agreements
Fifth Wall Acquisition Corp. III (NASDAQ:FWAC) announced this afternoon that it has amended its sponsor agreement and subscription agreement in connection to its proposed merger with parking asset owner Mobile Infrastructure. ...READ MORE
Corner Growth Acquisition Corp. (COOL) Adjourns Extension Vote
Corner Growth Acquisition Corp. (NASDAQ: COOL) announced this afternoon that it convened and then determined to adjourn its special meeting until June 20.
At the meeting, a sufficient number of COOL’s ordinary shares were present to constitute a quorum. ...READ MORE
The Latest Non-Redemption Agreements: June 16, 2023
Latest Non-Redemption Agreements: 7GC & Co. Holdings Inc.
7GC & Co. Holdings Inc. (VII) Adds Non-Redemption Agreement
On June 16, 2023, 7GC & Co. Holdings Inc. (NASDAQ:VII) and the Company’s sponsor 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 247,000 shares of Class A common stock. ...READ MORE
Cartica Acquisition Corp. (CITE) Reschedules Extension Vote
Cartica Acquisition Corp. (NASDAQ: CITE) announced this afternoon that it is rescheduling its special meeting from 1:00 p.m. on June 23, to the same time on June 30.
Shareholders will be voting on a proposal to extend the SPAC’s completion deadline from July 7, 2023 to April 7, 2024. ...READ MORE
The Latest SPAC News and Rumors: June 16, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: VinFast posts deeper loss in Q1, LanzaJet and LanzaTech selected by Air New Zealand to undertake sustainability study, and Abacus Life continues to expand market share
VinFast posts deeper loss in Q1, eyes July completion of SPAC merger
Vietnamese electric vehicle (EV) maker VinFast has reported a drop in first-quarter revenue by 49%, with a net loss deepening to $598 million in the first full reporting period since it started exporting to the United States.
AP Acquisition Corp. (APCA) to Combine with JEPLAN in $480M Deal
To access this post, you must purchase 1 - User: Monthly Plan.
Plum Acquisition Corp. I (PLMI) Hops Back in the Saddle
Plum I (NASDAQ:PLMI) announced in an 8-K this morning that it was reversing its decision to liquidate on June 18, and will instead hunt for a target for at least one more month, extending its deadline to July 18. ...READ MORE
Global Star Acquisition Inc. (GLST) to Combine with K Enter in $610M Deal
Global Star (NASDAQ:GLST) has entered into a definitive agreement to combine with entertainment firm K Enter, which is to merge with seven South Korean businesses for a total valuation of $610 million, or about 3.9x their 2022 revenue. ...READ MORE
Welsbach Technology Metals Acquisition Corp. (WTMA) Terminates WaveTech Deal
Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) announced this morning that it has jointly terminated its combination with battery-maker WaveTech, citing market conditions.
The short press release gave few further details, but the parties were past the merger’s outside date since March 31. ...READ MORE