SEP (NASDAQ:SEPA) has entered into a definitive agreement to combine with wound care firm SANUWAVE (OTC:SNWV) at an enterprise value of $127.5 million, or 7.6x its 2022 revenue.
Eden Prairie, Minnesota-based SANUWAVE has commercialized its FDA-approved UltraMist medical device, which accelerates healing and reduces inflammation by delivering a pain-free mist of medicines to the effected area. ...READ MORE
Clean Energy Special Situations Corp. (NASDAQ:SWSS) announced in an 8-K this morning that it will postpone its extension vote from today to 11 am ET August 28.
It also provided an update on its trust value in the filing, noting that after accounting for taxes it has about $10.18 per share in trust, rather than the $10.36 cited in its last proxy. ...READ MORE
FG Merger Corp. (NASDAQ:FGMC) announced in an 8-K that its shareholders approved its combination with healthcare workflow platform iCoreConnect at a shareholder meeting held on August 18.
There were 8,591,337 shares of FGMC’s common stock present at last week’s special meeting, representing 84.58% of the total outstanding shares, constituting a quorum. ...READ MORE
On August 22, and August 23, Northern Star IV’s (NYSE:NSTD) sponsor, entered into agreements with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 1,400,000 shares. ...READ MORE
Waverley Capital Acquisition Corp. 1 (NYSE:WAVC) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of September 8, because the company will not consummate an initial business combination within the time period required. ...READ MORE
Spree Acquisition Corp. 1 Limited (NYSE:SHAP) announced this afternoon that it has mutually terminated its combination with taxi fleet operator zTrip, effective immediately.
The parties expressed that they decided to part ways due to challenging market conditions, concluding that pursuing the deal would not be the most effective route to fulfill zTrip’s long-term strategic goals. ...READ MORE
Dune Acquisition Corporation (NASDAQ:DUNE) announced in an 8-K this afternoon that it has re-worked its combination with sustainable energy firm Global Hydrogen.
The parties amended the purchase agreement yesterday, pursuant to which the aggregate share consideration to be paid to the sellers was reduced from $57.5 million to $48 million. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
InterPrivate III Financial Partners Inc. (NYSE:IPVF) announced this afternoon that it has terminated its combination with ESG-focused financial services firm Aspiration, effective August 29.
The SPAC did not disclose further information as to why the parties nixed the deal. ...READ MORE
First Light Acquisition Group, Inc. (NYSE: FLAG) announced that it convened and then adjourned, without conducting any other business, its completion vote to August 24, at 10:30 a.m. ET.
Shareholders are to vote on a proposal to approve the SPAC’s $335 million business combination with clinical-stage drug developer Calidi Biotherapeutics. ...READ MORE
FTAC Zeus Acquisition Corp. (NASDAQ:ZING) today announced its decision to cancel its special meeting scheduled for Monday, August 21. ...READ MORE
Ross Acquisition Corp II (NYSE:ROSS) announced this afternoon that it has mutually terminated its combination with drug developer APRINOIA, effective immediately.
The parties did not disclose why they decided to nix the deal and did not provide further details. ...READ MORE
Finnovate (NASDAQ:FNVT) has entered into a definitive agreement to combine with sustainable heavy truck manufacturer Scage at post-money valuation of $1 billion.
Nanjing, China-based Scage is developing a line of hybrid heavy trucks for use in the mining and road freight sectors. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
WeWork (NYSE:WE), the office-sharing company once valued at $47 billion, said Friday it will undergo a 1-for-40 reverse stock split to try and keep its stock from being delisted.
Compass Digital (NASDAQ:CDAQ) announced in an 8-K this morning that has sold the majority of its sponsor economics to HCG Opportunity.
The SPAC is parting with 3,093,036 promote shares (58.2%) and 3,000,000 private warrants (64.4%) and HCG will pay up to $300,000 to entities that are owed fees from Compass Digital. ...READ MORE
The Growth for Good (NASDAQ:GFGD) announced this morning that it has added a $5 million PIPE to its combination with EV-maker ZeroNox with the participation of several strategic investors.
The PIPE is set at $10 per share, but The Growth for Good has not yet filed other terms. ...READ MORE
SDCL EDGE (NYSE:SEDA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with several entities comprising KME’s specialty aerospace business for undisclosed terms.
The LOI would see KME retain a majority stake in the business post-close and the parties expect to announce more details if they come to a definitive agreement. ...READ MORE
The Growth for Good Acquisition Corp. (NASDAQ: GFGD) has decided to push back its completion vote, originally scheduled for August 23, until 10:00 a.m. ET on August 28.
The SPAC stated that it is working through certain agreements for the subscription of shares in a PIPE financing upon the completion of its contemplated business combination with off-highway EV-maker ZeroNox. ...READ MORE
