Bannix Acquisition Corp. (NASDAQ:BNIX) announced in an 8-K this morning that it has entered into a definitive agreement to combine with autonomous vehicle company EVIE.
Staffordshire, UK-based EVIE’s pod-shaped autonomous vehicles have transported about 6.3 million people at London’s Heathrow Airport and logged about 5.5 million kilometers (3.4 million miles) in commercial service. ...READ MORE
Car enthusiasts have been bolting carbon fiber wheels onto high performance vehicles for years. But, the hitherto luxury add-on brings real benefits to vehicle weight and energy economy, both of which have a new importance in the age of EVs. ...READ MORE
Bukit Jalil Global Acquisition 1 Ltd. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BUJAU” Wednesday, June 28, 2023.
The company intends to identify emerging growth companies with strong management teams that can either grow into a position to generate cash or are already cash-generative. ...READ MORE
EdtechX Holdings Acquisition Corp. II (NASDAQ:EDTX) announced this afternoon that it has terminated its business combination with edtech firm zSpace.
The SPAC disclosed that the deal was nixed due to certain breaches by zSpace of the terms of the merger agreement and intends to evaluate all options available to it at this time, including taking legal action against its former target. ...READ MORE
Coliseum Acquisition Corp. (NASDAQ:MITA) announced this afternoon that it has entered and completed a purchase agreement with its sponsor, and Berto LLC, an affiliate of Harry L. You.
As part of the agreement, the sponsor sold an aggregate of 2,625,000 Class B ordinary shares, and 2,257,500 private placement warrants to Berto for an aggregate purchase price of $1.00 plus an agreement to advance funds to the Coliseum in connection with the shareholder vote to approve the extension. ...READ MORE
On June 26, 2023, Cartica Acquisition Corp (NASDAQ:CITE) entered into certain non-redemption agreements with unaffiliated institutional investors in exchange for the Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 3,150,000 Class A ordinary shares. ...READ MORE
Williams Rowland Acquisition Corp. (NYSE:WRAC) announced this afternoon that it has entered into a securities purchase agreement with its sponsor, Jonathan Rowland and David B. Williams.
As part of the agreement, Williams Rowland sold its securities, consisting of 2,514,663 founder shares, and 5,550,000 warrants, to purchase shares of common stock for $300,000. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Metals Acquisition Limited (NYSE: MTAL) announces that the first shipment of copper concentrate from the CSA Copper Mine has been shipped from the port of Newcastle, New South Wales.
Alpha Healthcare III (NASDAQ:ALPA) announced this morning that it has signed a non-binding LOI for its combination Carmell Therapeutics to acquire an unnamed commercial-stage biotech firm for about $65 million.
The consideration would come in the form of $8 million in cash and $57 million in combined Carmell stock at close plus $75 million in potential milestone payments paid out along the same split (12% cash and 88% shares). ...READ MORE
On June 22, 2023, June 23, 2023, and June 26, 2023, GSR II Meteora Acquisition Corp. (NASDAQ:GSRM) entered into additional non-redemption agreements with certain third parties. ...READ MORE
Elliott Opportunity II Corp. (NYSE:EOCW) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of July 11. ...READ MORE
Kairous Acquisition Corp. Limited (NASDAQ:KACL) announced this afternoon that its business combination with nutrition company Wellous has been mutually terminated.
Since the termination was by mutual agreement, there won’t be a termination fee or other payment due to either party. ...READ MORE
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced this afternoon that its special meeting, intended to approve its combination with AEON Biopharma, has been adjourned for the sixth time.
Initially scheduled for noon today, the meeting has now been pushed back to the same time on June 28. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Whole Earth Brands Inc.’s
TKB Critical Technologies 1 (NASDAQ:USCT) announced a series of moves this morning that include terminating their combination with Wejo (OTC:WEJOQ), selling sponsor economics and postponing today’s extension meeting to 11:30 am ET June 28. ...READ MORE
GSR II Meteora (NASDAQ:GSRM) announced this morning that it has added $50 million in funding to its combination with Bitcoin Depot through a mix of PIPE and non-redemption agreements.
PIPE investors have agreed to purchase 4,300,000 Series A Preferred shares, which will rank senior to common stock with regards to dividends and distributions but will not hold voting rights. ...READ MORE
