The Latest SPAC News and Rumors: September 28, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Law firm Schulte sues SPAC over fees from failed Philippine casino merger
U.S.
Fortune Rise Acquisition Corp. (FRLA) Switches LOI Targets, Sort of
Fortune Rise Acquisition Corp. (NASDAQ:FRLA) announced this morning that it has changed the target of its letter of intent to combine, but only partially.
The SPAC had an existing LOI to merge with its own sponsor, but since that sponsor is now a subsidiary of another company it has to combine with a different version of itself. ...READ MORE
LatAmGrowth SPAC (LATG) Adjourns Early Liquidation Vote Again
LatAmGrowth SPAC (NASDAQ:LATG) announced in a filing this morning that it will once adjourn its special meeting to liquidate early a second time and will reconvene it at October 5.
The proposals on its ballot would initiate the process of winding down the SPAC and return all trust capital to investors outside of $100,000 for dissolution expenses. ...READ MORE
Jaguar Global Growth Corporation I (JGGC) Shareholders Approve GLAAM Deal
Jaguar Global (NASDAQ:JGGC) announced this morning that its shareholders approved its combination with glass-maker GLAAM at a special meeting September 27.
The parties have not yet released redemption figures or a timeline to close, but the combined company is expected to change its name to Captivision. ...READ MORE
Mercato Partners Acquisition Corporation (MPRA) Expands Nuvini PIPE to $12.8M
Mercato Partners (NASDAQ:MPRA) announced in an 8-K this morning that it has tacked on $1.7 million more to the PIPE for its combination with Brazilian software firm Nuvini.
The move comes as its shareholders are to vote to complete the deal later today and adds to $11.1 million in PIPE funds it secured earlier this week. ...READ MORE
Crixus BH3 Acquisition Company (BHAC) Sells Sponsor Economics
Crixus BH3 (NASDAQ:BHAC) announced in an 8-K this morning that it will sell its most of its sponsor shares and warrants to a new sponsor entity, which will continue to lead the SPAC. ...READ MORE
The Latest Non-Redemption Agreements: September 27, 2023
GigCapital 5, Inc. (GIA) Signs Non-Redemption Agreements
GigCapital 5 (NASDAQ:GIA) announced in an 8-K this morning that it has entered non-redemption agreements with third parties that will secure up to 2,042,903 shares from redemption. ...READ MORE
Anzu Special Acquisition Corp I (ANZU) Shareholders Approve Envoy Medical Deal
Anzu Special Acquisition Corp I (NASDAQ:ANZU) announced this afternoon that its stockholders voted in favor of the proposed business combination with Envoy Medical Corporation (“Envoy”), held earlier today.
Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the business combination to be consummated on September 29, 2023. ...READ MORE
The Latest SPAC News and Rumors: September 27, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Pinstripes Expands Senior Leadership Team, Hires Chief Financial Officer and Chief Marketing Officer in Advance of Public Listing
Pinstripes, Inc, a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, today announced additions to its leadership team, including the appointments of Tony Querciagrossa as Chief Financial Officer (CFO) and Shannon Keller as Chief Marketing Officer (CMO), both reporting directly to the Company’s Founder and CEO, Dale Schwartz.
Athena Consumer Acquisition Corp. (ACAQ) to Adjourn Vote for Completion, Warrant Exchange Again
Athena Consumer Acquisition Corp. (NYSE: ACAQ) announced this morning that it plans to again adjourn its September 28 special meeting to approve its combination with German EV-maker e.GO without conducting business and will reconvene it at 4 pm ET September 29. ...READ MORE
Integrated Wellness Acquisition Corp (WEL) Terminates Refreshing USA Deal
Integrated Wellness (NYSE:WEL) announced this morning that it has nixed its combination with vending machine operator Refreshing USA due to conditions of the combination remaining unfulfilled.
The SPAC did not elaborate on what conditions those were, but the two sides have been past their initial outside date since July 31. ...READ MORE
The Latest Non-Redemption Agreements: September 26, 2023
Berenson Acquisition Corp. I (BACA) Signs Non-Redemption Agreements
Berenson (NASDAQ:WTMA) announced in an 8-K this morning that it has entered non-redemption agreements with third parties that will secure 655,715 shares from redemption. ...READ MORE
Crixus BH3 Acquisition Company (BHAC) Postpones Extension Vote
Crixus BH3 Acquisition Company (NASDAQ: BHAC) announced in a filing this afternoon that it is postponing its extension vote to Friday, October 6, 2023 at 9:00 a.m ET.
The meeting was originally to be held Friday, September 29, but presumably it has been moved to account for amendments to its proxy which was filed today in a supplement. ...READ MORE
Welsbach Technology Metals Acquisition Corp. (WTMA) Postpones Extension Vote
Welsbach Technology Metals Acquisition Corp. (NASDAQ: WTMA) announced in an 8-K this afternoon that it is postponing its extension vote one day to 2 pm ET September 29.
The SPAC would not be able to postpone it much further as its current transaction deadline falls on a Saturday the next day, September 30. ...READ MORE
The Latest SPAC News and Rumors: September 25, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Terran Orbital Closes 432.5 Million Public Offering
Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), which combined with Tailwind Two in March 2022, today announced the closing of its previously announced public offering of 23,214,290 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 23,214,290 shares of common stock, at a combined public offering price of $1.40 per share (or common stock equivalent in lieu thereof) and accompanying warrant.
The Latest Non-Redemption Agreements: September 25, 2023
Welsbach Technology Metals Acquisition Corp. (WTMA) to Discuss Non-Redemption Agreements
Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) announced in an 8-K today that it intends to discuss signing non-redemption agreements of unspecified size with investors ahead of its September 28 extension vote. ...READ MORE
The Latest Liquidations: September 25, 2023
Latest SPAC Liquidations: Iconic Sports Acquisition Corp.
Iconic Sports Acquisition Corp. (ICNC) to Liquidate on October 11, 2023
Iconic Sports Acquisition Corp. (NYSE: ICNC), today announced that its board of directors has determined to redeem all of its issued and outstanding Class A ordinary shares, effective as of October 11, 2023. ...READ MORE
The Latest SPAC News and Rumors: September 25, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Conduit’s $1.2bn Nasdaq listing deals another blow to London
A British biopharmaceuticals business has completed a deal to list on Nasdaq, delivering a further blow to the London Stock Exchange which has struggled to persuade fast-growing companies to float in the UK.
Mercato Partners Acquisition Corporation (MPRA) Adds $11M PIPE to Nuvini Deal
Mercato Partners (NASDAQ:MPRA) announced in an 8-K this morning that it has added an $11.1 million PIPE at $10 per share to its combination with Brazilian software firm Nuvini.
The PIPE investors remain unnamed for now, but this move would cover the combination’s $10 million minimum cash condition. ...READ MORE