The Latest SPAC News and Rumors: July 31, 2023

Jul 31, 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: eToro agrees to $120M secondary share sale, Lotus cuts jobs, and ZeroNox announces multi-year partnership with NIO 333 Racing Formula E Team

Israel’s eToro agrees to $120 mln secondary share sale

Israeli digital brokerage eToro has agreed to a $120 million secondary share sale, a source familiar with the matter told Reuters on Monday, more than a year after it scrapped its plans to go public through a merger with FinTech Acquisition Corp.

Alset Capital Acquisition Corp. (ACAX) Adds FPA to HWH International Deal

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

Alset Capital Acquisition Corp. (NASDAQ:ACAX) announced in an 8-K this morning that it has added a forward purchase agreement (FPA) to its combination with lifestyle company HWH International ahead of tomorrow’s completion vote. ...READ MORE

SPAC IPO Terms Tracker: July 28, 2023

Jul 29, 2023 Headline Post, INTEL by Kristi Marvin

To access this post, you must purchase 1 - User: Monthly Plan.

The Latest Non-Redemption Agreements: July 28, 2023

Jul 28, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Roth CH V

Roth CH Acquisition V Co. (ROCL) Amends Non-Redemption Agreement

As previously reported, on May 3 and 4, Roth CH Acquisition V Co., (NASDAQ:ROCL), entered into non-redemption agreements with certain stockholders owning, in the aggregate, 2,000,000 shares of common stock, pursuant to which such stockholders agreed not to redeem or exercise any right to redeem such public shares in connection with the vote to extend the company’s completion deadline. ...READ MORE

The Latest Liquidations: July 28, 2023

Jul 28, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Conyers Park III, and Blue Whale I

Conyers Park III Acquisition Corp. (CPAA) to Liquidate on August 11

Conyers Park III Acquisition Corp. (Nasdaq: CPAA) today announced that it will redeem all of its outstanding shares of Class A common stock, effective as of August 11. ...READ MORE

Compute Health Acquisition Corp. (CPUH) Shareholders Approve Allurion Deal

Jul 28, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Compute Health (NYSE:CPUH) announced this afternoon that its shareholders approved its combination with weight-loss medtech firm Allurion at a special meeting held earlier today.

Approximately 99.8% of the votes cast on the business combination proposals by holders of Compute Health’s common stock, representing approximately 87.7% of the company’s outstanding common stock, voted to approve the deal, including approximately 58.2% of the outstanding shares of Class A common stock. ...READ MORE

The Latest SPAC News and Rumors: July 28, 2023

Jul 28, 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: Vinfast to list in the U.S. in August following SEC approval and Redwire wins $12.9 million NASA award

Vietnam EV maker VinFast to list in the U.S.

BlueRiver Acquisition Corp. (BLUA) Postpones Extension Vote

Jul 27, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

BlueRiver (NYSE:BLUA) announced this afternoon that it has postponed its July 28 extension vote to 4 pm ET on August 2, marking the SPAC’s second postponement of the meeting.

As a result of the postponement, the SPAC will also extend the redemption deadline to July 31. Shareholders ...READ MORE

The Latest SPAC News and Rumors: July 27, 2023

Jul 27, 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: A SPAC II in talks to sign LOI with medtech target and AppHarvest files for Chapter 11 bankruptcy

A SPAC II Acquisition Corp.

Genesis Unicorn Capital Corp. (GENQ) Adds FPA to ESGL Deal

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

Genesis Unicorn (NASDAQ:GENQ) announced in an 8-K this morning that it has added a forward purchase agreement (FPA) to its combination with sustainable energy firm ESGL Holding.

Vellar Opportunities Fund has agreed to purchase up to 4,400,000 shares from third parties and brokers through the arrangement, which is to take the form of a OTC equity prepaid forward transaction. ...READ MORE

Podcast: Bitcoin Depot’s CEO Brandon Mintz Gives an Update

Jul 27, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

This week, we get an update from Brandon Mintz, CEO of Bitcoin Depot (Nasdaq: BTM), which recently closed its SPAC combination with GSR II Meteora Acquisition Corp. in June.

Brandon shares what advice he has for other companies considering a SPAC merger in the current market and discusses how Bitcoin Depot is hitting the ground running with its acquisition pipeline now that it has public capital at its disposal. ...READ MORE

Global System Dynamics Inc (GSD) Postpones Extension Vote

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

Global System (NASDAQ:GSD) announced this morning that it has postponed its July 31 extension vote to 10 am ET August 7.

Shareholders at the meeting will vote on a proposal allowing it to extend its transaction deadline by one month up to six times, pushing it to February 9 at a maximum. ...READ MORE

NaturalShrimp Terminates Yotta Acquisition Corp. (YOTA) Deal

Jul 26, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Yotta Acquisition Corp. (NASDAQ:YOTA) announced this afternoon that NaturalShrimp (OTCQB:SHMP) has terminated its business combination with the SPAC.

On July 20, NaturalShrimp officially notified Yotta of its termination of the merger agreement. ...READ MORE

Genesis Unicorn Capital Corp. (GENQ) Shareholders Approve ESGL Deal

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

Genesis Unicorn Capital Corp. (NASDAQ: GENQ) announced this afternoon that its shareholders approved its combination with sustainable waste solutions provider ESGL Holdings at a special meeting held earlier today.

At the meeting, a total of 6,542,842 shares of common stock were present, representing approximately 81.54% of the issued and outstanding shares of common stock. ...READ MORE

Compute Health Acquisition Corp. (CPUH) Warrant Holders Approve Amendment

Jul 26, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Compute Health (NYSE:CPUH) announced in an 8-K this afternoon that its warrant holders have approved an amendment to the warrant agreement after adjourning the meeting earlier this morning.

After all parties had a chance to engage with the new changes, the meeting was reconvened at 12 pm ET today. ...READ MORE

The Latest Non-Redemption Agreements: July 26, 2023

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

Latest Non-Redemption Agreements: Project Energy Reimagined and Clean Earth

Project Energy Reimagined Acquisition Corporation (PEGR) Adds Non-Redemption Agreement

On July 25, Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) entered into one or more agreements with one or more unaffiliated third parties in exchange for them each agreeing not to redeem an aggregate of 760,000 Class A ordinary shares, in connection with the extraordinary general meeting of shareholders to be held on August 1 to extend the completion deadline from August 2, 2023 to May 2, 2024. ...READ MORE

Rigel Resource Acquisition Corp. (RRAC) Signs LOI

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

Rigel Resource Acquisition Corp. (NYSE: RRAC) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a global metals company.

The SPAC disclosed that it signed the LOI on March 23, but did not provide further information on the unnamed target or the potential transaction. ...READ MORE

New SPAC: GRD Biotechnology Acquisition Limited Files for $40M IPO

Jul 26, 2023 Headline Post, INTEL, New S-1 Filings by Kristi Marvin

Without any underwriters, lawyers, auditors, or financials…

Well, this is a new one. Have you ever watched a TV show like Grey’s Anatomy and thought, “Yeah, I could do surgery.” The answer is no, no you can’t. ...READ MORE

Northern Star Investment Corp. II (NSTB) Adjourns Extension Vote

Jul 26, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Northern Star Investment Corp. II (NYSE:NSTB) announced in an 8-K this afternoon that it has adjourned its special meeting to extend its extension vote to 11 am ET, July 28.

The SPAC plans to use this extra time to engage with investors and effectuate redemption reversals. ...READ MORE

The Latest SPAC News and Rumors: July 26, 2023

Jul 26, 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: NASA awards Intuitive Machines with $15M to develop lunar night technology

NASA Selects Intuitive Machines Team to Develop Survive the Lunar Night Technology

Intuitive Machines, Inc.