On August 18, Northern Star IV Sponsor LLC, the sponsor of Northern Star Investment Corp. ...READ MORE
Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) today announced that it will redeem all of its outstanding shares of Class A common stock, effective as of August 18, because the company will not be able to consummate an initial business combination. ...READ MORE
Genesis Growth Tech Acquisition Corp. (NASDAQ:GGAA) announced this afternoon that it has mutually terminated its combination with travel technology firm NextTrip just months after their deal announcement.
The parties did not disclose why they decided to nix the deal and did not provide further details. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
WeWork Inc.
LAMF Global Ventures Corp. I (NASDAQ:LGVC) has entered into a definitive agreement to combine with women’s health innovator Nuvo Group at a pre-money equity valuation of $269 million.
Tel Aviv-based Nuvo is committed to reinventing pregnancy care for the 21st century through new technology, tools, and practices for providers and expectant mothers. ...READ MORE
Global Blockchain (NASDAQ:GBBK) has entered into a definitive agreement to combine with wealth management firm Cardea at an enterprise value of $175 million.
Atlanta-based Cardea provides wealth and asset management services to high-net-worth individuals, institutions and families with a specialization in cross-border advisory services. ...READ MORE
99 Acquisition Group Inc. announced the pricing of its downsized $75 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “NNAGU” on Friday, August 18, 2023. ...READ MORE
Roivant (Nasdaq: ROIV), which completed its combination with Montes Archimedes in September 2021, announced this afternoon the fair market value in connection to redeeming its outstanding public and private warrants for $0.10 per warrant. ...READ MORE
Hainan Manaslu Acquisition Corp. (NASDAQ:HMAC) announced that it has closed its combination with Able View and the beauty brand company’s shares and warrants are to begin trading on the Nasdaq under the symbols “ABLV” and “ABLVW”, tomorrow August 18. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Loss-making private jet firm Wheels Up Experience (NYSE:UP) nabbed a key $500 million lifeline but still faces turnaround challenges, as demand for private travel softens in the wake of the COVID-19 pandemic and rival operators lure some of their customers.
Nova Vision (NASDAQ:NOVV) announced in an 8-K this morning that it has re-worked its combination with social real estate platform Real Messenger, lowering the equity value to be issued to the company by -40% to $45 million from $75 million. ...READ MORE
Prime Number I (NASDAQ:PNAC) announced in an 8-K that its shareholders approved its combination with EV battery-maker Noco-Noco at a shareholder meeting yesterday.
In connection with the vote, 2,695,029 shares were redeemed, leaving Prime Number I with a relatively modest 65.6% of its shares redeemed in total. ...READ MORE
Digital World Acquisition Corp. (NASDAQ:DWAC) has decided to push back its extension vote originally scheduled for today to 10 am ET September 5 as it works through several changes to the initial deal. ...READ MORE
As previously disclosed, on June 21, EdtechX Holdings Acquisition Corp. II (NASDAQ:EDTX) notified zSpace that it was terminating its business combination. ...READ MORE
Yotta Acquisition Corp. (NASDAQ:YOTA) announced this afternoon in an 8-K filing that NaturalShrimp (OTCQB:SHMP) has not fulfilled its obligation to pay the termination fee following the cancellation of their proposed business combination. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Audit firm Marcum LLP said Tuesday it decided to step down as auditor of the blank-check company trying to take Donald Trump’s media company public after its client settled US regulator fraud charges in July.
Moringa Acquisition Corp. (NASDAQ:MACA) announced that it adjourned its extension vote this morning without conducting any business and would reconvene it at 10:30AM ET August 18.
Shareholders are to vote on whether to give the SPAC one more year for its target search, moving its deadline from August 19 of this year to the same date in 2024. ...READ MORE
Papaya Growth Opportunity Corp. I (NASDAQ:PPYA) announced in an 8-K this morning that it plans to postpone its upcoming special meeting from 11 am ET this morning to the same time August 30. ...READ MORE
Hammerhead Energy (NASDAQ:HHRS), which combined with Decarbonization Plus IV earlier this year, announced this morning that it will redeem all outstanding public warrants for $0.10 per warrant.
Holders will have the option of exercising each warrant for $11.50 per share or do so on a cashless basis. ...READ MORE
Pono Three (NASDAQ:PTHR) has entered into a definitive agreement to combine with eVTOL aircraft developer Horizon Aircraft at an equity value of $216 million.
Toronto-based Horizon has developed a hybrid eVTOL design that involves lifting the craft vertically with rotors inside its wings and forward with a larger propeller at its rear. ...READ MORE