The Latest Non-Redemption Agreements: June 23, 2023

Jun 23, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: 7GC & Co. Holdings Inc.

7GC & Co. Holdings Inc. (VII) Adds Non-Redemption Agreement

On June 22, 7GC & Co. Holdings Inc. (NASDAQ:VII) and the sponsor, 7GC & Co. Holdings LLC, entered into a non-redemption agreement with an unaffiliated third party in exchange for the Holder agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 250,000 shares of Class A common stock. ...READ MORE

The Latest Liquidations: June 23, 2023

Jun 23, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Corsair Partnering Corporation

Corsair Partnering Corporation (CORS) to Liquidate on July 11

Corsair Partnering Corporation (NYSE:CORS) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of July 11. ...READ MORE

Babylon (BBLN) Announces Take-Private Transaction with MindMaze

Jun 23, 2023 Headline Post, INTEL by Marlena Haddad

Babylon (NYSE:BBLN) provided an update this morning on its recapitalization transaction, announcing that it has accepted a take-private proposal from AlbaCore on behalf of its affiliate, digital neurotherapeutic platform MindMaze.

The parties expect the transaction to close by July, but as the two companies work to come together within the next few weeks, they will both continue executing their day-to-day operations. Over ...READ MORE

The Latest SPAC News and Rumors: June 23, 2023

Jun 23, 2023 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Blue Owl to retire its Owl Rock and Dyal brands, former Lordstown Motors CEO cashes out

Blue Owl to Retire Its Owl Rock and Dyal Brands as Founders Feud

Blue Owl Capital Inc.

Banyan Acquisition Corp. (BYN) to Combine with Pinstripes in $520M Deal

Jun 23, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Podcast: Critical Metals Chairman Tony Sage

Jun 23, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

With lithium supply for EVs and other batteries tight and much of it coming with geopolitical baggage, one new SPAC deal is looking to put forward a lithium stock with less baggage. ...READ MORE

First Light Acquisition Group (FLAG) Adds $25M to Calidi Biotherapeutics Deal

Jun 23, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

First Light (FLAG) announced this morning that it has secured $25 million in additional funding for its combination with clinical-stage drug developer Calidi Biotherapeutics.

The investment is to be led by Jackson Investment Group, which has put forward $5 million as the first stage of a Series B. ...READ MORE

Tastemaker Acquisition Corp. (TMKR) Terminates Quality Gold Deal

Jun 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Tastemaker Acquisition Corp. (NASDAQ:TMKR) announced this afternoon that it has terminated its combination with jewelry distributor Quality Gold.

The parties noted that they decided to nix the deal due to market conditions that would be challenging to navigate. ...READ MORE

The Latest Liquidations: June 22, 2023

Jun 22, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Forum Merger IV

Forum Merger IV Corporation (FMIV) to Liquidate on June 22

Forum Merger IV Corporation (Nasdaq: FMIV) today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock, effective as of June 22. ...READ MORE

Minority Equality Opportunities (MEOA) Terminates Digerati Deal

Jun 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Minority Equality Opportunities (NASDAQ:MEOA) announced this afternoon that it has terminated its combination with cloud services firm Digerati (OTCQB:DTGI).

The 8-K gave few further details, but the SPAC had postponed its completion vote five times as it worked on a means of keeping more shares active in the company and allowing it to maintain listing standards. ...READ MORE

TLGY Acquisition Corporation (TGLY) to Combine with Verde Bioresins in $433M Deal

Jun 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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The Latest SPAC News and Rumors: June 22, 2023

Jun 22, 2023 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: London’s New Energy One mulls Eni North Sea merger, Freightos partners with Wideroe, and SpaceMobile confirms 4G capabilities to smartphones from space

London-listed SPAC New Energy One in talks about Eni North Sea merger

A London-listed vehicle advised by Amber Rudd, the former home secretary, is in talks to merge with a portfolio of carbon capture and storage (CCS) projects part-owned by Eni, the Italian energy giant.

New SPAC: Nabors Energy Transition Corp. II Files $300M IPO

Jun 22, 2023 Headline Post, INTEL, New S-1 Filings by Marlena Haddad

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FTAC Emerald Acquisition Corp. (EMLD) Signs LOI

Jun 21, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) announced that on March 16, it signed a non-binding letter of intent (LOI) to combine with an unnamed target.

With a completion deadline of June 20, FTAC Emerald was set to expire, but now that it has announced a signed LOI in hand, the company will receive an automatic extension of three months, giving it a new deadline of September 20. ...READ MORE

Priveterra Acquisition Corporation (PMGM) Adjourns Completion Vote for Fifth Time

Jun 21, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

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 fifth time.

Initially scheduled for noon today, the meeting has now been rescheduled for the same time on June 26. ...READ MORE

The Latest SPAC News and Rumors: June 21, 2023

Jun 21, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: SEC charges Marcum LLP for quality control deficiencies, flyExclusive launches enhanced Jet Club and fractional program and Owlet announces clearance from FDA

SEC Charges Audit Firm Marcum LLP for Widespread Quality Control Deficiencies

The Securities and Exchange Commission today charged audit firm Marcum LLP with systemic quality control failures and violations of audit standards in connection with audit work for hundreds of SPAC clients beginning at the latest in 2020.

The Latest Non-Redemption Agreements: June 20, 2023

Jun 20, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Cartica Acquisition Corp.

Cartica Acquisition Corp. (CITE) Adds Non-Redemption Agreement

On June 16, 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 700,000 Class A ordinary shares. ...READ MORE

Frontier Investment Corp. (FICV) Adjourns Extension Vote Again

Jun 20, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Frontier Investment Corp. (NASDAQ: FICV) announced this afternoon that it has once again decided to adjourn its special meeting.

Initially planned for June 16, the extension meeting was adjourned by Frontier Investment’s chairman until June 22, but is now being further delayed until June 29 at 9:00 a.m. ...READ MORE

ROC Energy Acquisition Corp. (ROC) Completes Drilling Tools International Deal

Jun 20, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

ROC Energy Acquisition Corp. (NASDAQ:ROC) announced this afternoon that it has completed its business combination with oilfield services company Drilling Tools International (“DTI”).

The transaction generated $25.9 million of cash from a common stock PIPE and $1.7 million of cash from ROC’s trust account, considering redemptions. ...READ MORE

The Latest SPAC News and Rumors: June 20, 2023

Jun 20, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Volocopter to serve Paris Olympics, ZeroNox announces product development agreement with Kubota Corp.,