The Latest SPAC News and Rumors: August 3, 2023

Aug 3, 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 encounters another setback as auditor abruptly resigns, and Movella launches first all-in-one broadcasting app for engaging livestreams

Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns

A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed.

HHG Capital Corporation (HHGC) to Combine with Perfect Hexagon Holdings

Aug 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

HHG Capital (NASDAQ:HHGC) has entered into a definitive agreement to combine with commodities trader Perfect Hexagon.

Malaysia-based Perfect Hexagon provides commodity trading and financing services with a focus on base and precious metals. ...READ MORE

Catcha Investment Corp. (CHAA) to Combine with Crown LNG in $685M Deal

Aug 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Oxbridge Acquisition Corp (OXAC) Postpones Completion Vote

Aug 2, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Oxbridge Acquisition Corp. (NASDAQ: OXAC) announced this afternoon that its special meeting, originally scheduled for August 4, has been postponed to 4:00 p.m. ET on August 7.

As a result of this change, the SPAC has extended the redemption deadline to 5:00 p.m. ...READ MORE

The Latest Non-Redemption Agreements: August 2, 2023

Aug 2, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Quantum FinTech and Byte

Quantum FinTech Acquisition Corp. (QFTA) Adds Non-Redemption Agreement

On August 1, Quantum FinTech Acquisition Corporation (NYSE:QFTA) and its sponsored entered into a non-redemption agreement with Funicular Funds, LP in exchange for the holder agreeing either not to request redemption in connection with the extension with respect to an aggregate of 2,351,800 shares of common stock. ...READ MORE

The Latest Liquidations: August 2, 2023

Aug 2, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: AfterNext HealthTech

AfterNext HealthTech Acquisition Corp. (AFTR) to Liquidate on August 16

On August 2, AfterNext HealthTech Acquisition Corp. (NYSE:AFTR) announced that it intends to cease all operations except for the purpose of winding up, effective as of the close of business on August 16, and will redeem all of the outstanding Class A ordinary shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds and not previously released to the company to pay its taxes, divided by the number of the shares in issue. ...READ MORE

Pivotal Investment Corp. III (PICC) Postpones Extension Vote

Aug 2, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Pivotal Investment Corp. III (OTC: PICC) announced this afternoon that it has postponed its extension vote.

The meeting, originally scheduled for today, has been adjourned to August 11 at 11:00 a.m. ...READ MORE

MedTech Acquisition Corporation (MTAC) Adjourns Completion Vote

Aug 2, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

MedTech Acquisition Corporation (Nasdaq: MTAC) announced this afternoon that it convened and then adjourned its completion vote for its business combination with drug developer TriSalus Life Sciences.

The special meeting, initially planned for today, has been rescheduled to 11:00 a.m. ...READ MORE

The Latest SPAC News and Rumors: August 2, 2023

Aug 2, 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: QEV Technologies to list in Amsterdam through merger with SPEAR Investments I, Alteration Earth discusses SPAC deal with Verdant Earth, and Planet CEO blames himself for 10% staff cut

Spanish electric vehicle company to list in Amsterdam with Spac deal

A Spanish electric vehicle maker specializing in racing cars is to list in Amsterdam through a merger with SPEAR Investments I (AMS:SPR1), testing investor appetite into a market that has all but collapsed.

PROOF Acquisition Corp I (PACI) to Combine with Volato in $261M Deal

Aug 2, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

PROOF (NYSE:PACI) has entered into a definitive agreement to combine with private aviation company Volato at an enterprise value of $261.1 million, or 2.7x its 2022 revenue.

Atlanta-based Volato has developed a fleet of private aircraft and operates a fractional ownership and charter jet network based out of regional airports. ...READ MORE

Podcast: Rohan Malhotra, CEO and Co-Founder of Roadzen

Aug 2, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

As companies find new ways of automating business processes with AI, a new AI-driven approach to auto insurance is heading West from India with the help of a SPAC deal.

This week, we speak Rohan Malhotra, CEO and co-founder of Roadzen and Steven Carlson from the sponsor of Vahanna Tech Edge Acquisition I Corp. ...READ MORE

Alset Capital Acquisition Corp. (ACAX) Shareholders Approve HWH International Deal

Aug 2, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Alset Capital Acquisition Corp. (NASDAQ:ACAX) announced in an 8-K this morning that its shareholders approved its combination with lifestyle company HWH International at an August 1 special meeting.

It has not yet released its final redemption figures, but went into the vote having already seen 77% redemptions reduce its trust to $20.3 million. ...READ MORE

Compute Health Acquisition Corp. (CPUH) Completes Allurion Deal

Aug 1, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Compute Health (NYSE:CPUH) announced this afternoon that it has completed its combination with weight-loss medtech firm Allurion.

The deal, approved by stockholders on July 28, provides Allurion with access to capital that will fuel its growth initiatives. ...READ MORE

Churchill Capital Corp VII (CVII) to Combine with CorpAcq Holdings in $1.6Bn Deal

Aug 1, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Churchill VII (NYSE:CVII) has entered into a definitive agreement to combine with private equity firm CorpAcq at an enterprise value of $1.58 billion, or 10.3x its 2023E adjusted EBITDA.

Altrincham, UK-based CorpAcq is a long-term corporate acquirer with a portfolio of 41 enterprises primarily in the industrial sector. ...READ MORE

The Latest SPAC News and Rumors: August 1, 2023

Aug 1, 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: Verde Clean Fuels announces agreement for renewable gasoline plant, Universal Entertainment accused of improper influence in Manila casino fight, and Integral 1 on the prowl again as $185M buyout falls over

Verde Clean Fuels Announces Carbon Capture Agreement for Renewable Gasoline Plant in California

Verde Clean Fuels (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).

TLG Acquisition One Corp. (TLGA) Closes Electriq Power Deal

Aug 1, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

TLG Acquisition One Corp. (NYSE: TLGA) announced this morning that it has closed its combination with Electriq Power and the combined company’s shares and warrants will begin trading later today on the NYSE under the symbols “ELIQ” and “ELIQ.WS”, ...READ MORE

TradeUP Acquisition Corp. (UPTD) Shareholders Approve Estrella Deal

Aug 1, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

TradeUP (NASDAQ:UPTD) announced in an 8-K this morning that its shareholders approved its combination with Estrella Biopharma at a special meeting yesterday, July 31.

650,580 shares were redeemed in connection with the vote, leaving the SPAC with just 98,074 public shares remaining from its original IPO. ...READ MORE

Athena Consumer Acquisition Corp. (ACAQ) Postpones Completion Vote

Jul 31, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Athena Consumer Acquisition Corp. (NYSE: ACAQ) announced this afternoon that it has postponed its completion vote for its business combination with EV-maker e.GO.

The special meeting, initially planned for August 14, is currently awaiting a new date to be determined. ...READ MORE

SPAC Lock-Up Expirations to Watch in August 2023

Jul 31, 2023 Headline Post, INTEL by Nicholas Alan Clayton

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KeyArch Acquisition Corporation (KYCH) to Combine with ZOOZ Power in $100M Deal

Jul 31, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

KeyArch (NASDAQ:KYCH) has entered into a definitive agreement to combine with charging network ZOOZ (TASE:ZOOZ) at a pro forma equity value of up to $100 million.

Lod, Israel-based ZOOZ has designed an EV-charging station that provides increased efficiency by harnessing kinetic energy while vehicles charge. ...READ MORE