Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A special purpose acquisition firm that is set to merge with former U.S.
On July 14, 2023, July 17, 2023, July 18, 2023 and July 19, 2023, Portage Fintech Acquisition Corporation (NASDAQ:PFTA) and its sponsor, PFTA I LP entered into non-redemption agreements with certain unaffiliated third parties in exchange for the Holder or Holders agreeing either not to request redemption in connection with the extension with respect to an aggregate of approximately 2 million Class A ordinary shares. ...READ MORE
TortoiseEcofin Acquisition Corp. III (NYSE:TRTL) announced this afternoon that it has executed a non-binding letter of intent (LOI) to combine with an industrial renewable power solutions company.
As of now, the SPAC has not disclosed any additional information about the unnamed target. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SPAC structures can provide unique opportunities to bring together many pieces to a new puzzle, which is very much the case with this week’s deal.
This week, we speak with John Schaible, Chairman and CEO of Quantum Fintech Acquisition Corporation (NYSE: QFTA), and Craig Ridenhour, Chief Business Development Officer at AtlasClear. ...READ MORE
BlueRiver Acquisition Corp. (NYSE:BLUA) announced in an 8-K this afternoon that it has postponed its extension vote from July 21 to July 28 at 10 a.m. ET.
As a result, the SPAC will also extend the redemption deadline to July 26. ...READ MORE
In connection with the special meeting called by the KnightSwan Acquisition Corp. (NYSE:KNSW) to approve an extension from July 25, 2023 to July 25, 2024, shareholders holding an aggregate of 18,355,353 of Class A ordinary shares exercised their right to redeem their shares. ...READ MORE
Enterprise 4.0 Technology Acquisition Corp. (NASDAQ:ENTF) announced today that it will be unable to consummate an initial business combination and intends to dissolve and liquidate. ...READ MORE
Colombier Acquisition Corp. (NYSE: CLBR) announced this afternoon that its shareholders approved its combination with values-based marketplace PublicSq at a special meeting held earlier today.
After accounting for stockholder redemptions, PublicSq. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Alpha Partners Technology Merger Corp. (NASDAQ:APTM) announced in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with 3D printing firm Glowforge.
The SPAC has thus far released no other details on the proposed merger beyond that Glowforge’s existing shareholders would be expected to roll 100% of their equity into the combined entity. ...READ MORE
PowerUp (NASDAQ:PWUP) announced in an 8-K this morning that it has sold a large portion of its sponsor stake to SRIRAMA Associates in exchange for the investor taking on management responsibilities for the SPAC. ...READ MORE
As previously disclosed, Deep Medicine Acquisition Corp. (NASDAQ:DMAQ) and its sponsor, Bright Vision Sponsor LLC, have entered into certain non-redemption agreements with certain unaffiliated third parties in connection with the special meeting on July 13. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
As former President Donald Trump’s Truth Social experienced trouble in the past few months, the company’s head of engineering announced his resignation, which dealt a significant setback to the social media platform.
Freedom I (NYSE:FACT) announced this morning that it has closed its combination with residential solar developer Complete Solaria and the combined company’s shares and warrants are expected to trade on the Nasdaq under the symbols “CSLR” and “CSLRW” later today, July 18. ...READ MORE
Tristar Acquisition I Corp. (NYSE:TRIS) announced in a filing this afternoon that it has adjourned its special shareholder meeting until tomorrow, July 18, at 4 pm ET.
The SPAC conducted the meeting as scheduled today but could not confirm the presence of enough attendees to establish a quorum. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Pardes Biosciences (NASDAQ:PRDS), which combined with FS Development Corp. II in December 2021, announced that it has agreed to be acquired by MediPacific for $2.02 to $2.19 per share for a premium of 8%-17% over its last closing price. ...READ MORE
