The Latest SPAC News and Rumors: August 8, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Oxbridge Acquisition Corp (OXAC) Shareholders Approve JetToken Deal
Oxbridge (NASDAQ: OXAC) announced this morning that its shareholders approved its combination with Jet Token at a special meeting yesterday.
Jet Token, which is to do business as Jet.AI, is expected to see its shares and warrants trade on the Nasdaq under the symbols “JTAI” and “JTAIW” once the transaction is closed. ...READ MORE
Artemis Strategic (ARTE) to Combine with Danam Health in $200M Deal
Artemis Strategic Investment Corporation (NASDAQ:ARTE) has entered into a definitive agreement to combine with Danam Health at a pro forma enterprise value of $200 million.
Lutz, Florida-based Danam operates a technology division with a proprietary digital health and medication adherence platform along with a pharmaceutical wholesale division that serves all 50 states. ...READ MORE
The Latest SPAC News and Rumors: August 7, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: CEO of Nikola steps down, SEC fines Canoo $1.5M over revenue projection reporting, and new Core Scientific CEO says company will exit bankruptcy by year end
Nikola chief quits
Nikola (NASDAQ: NKLA) said Michael Lohscheller had stepped down as president and CEO effective immediately and would leave the board on August 31.
7GC & Co. Holdings Inc. (VII) Amends Deal for Banzai International
7GC & Co. Holdings Inc. (NASDAQ: VII) announced this afternoon that it has made multiple amendments to its business combination agreement with video engagement platform Banzai.
As part of the changes, the requirement to close Banzai’s acquisition of ad-tracking firm Hyros is no longer a prerequisite for finalizing the merger. ...READ MORE
Oxbridge Acquisition Corp (OXAC) Adds FPA to JetToken Deal
Oxbridge (NASDAQ: OXAC) announced in an 8-K this morning that it has signed a forward purchase agreement with Meteora Capital Partners and affiliates, who will purchase up to 1,186,952 shares.
These are to be newly issued shares as redemptions have reduced Oxbridge’s trust to $526,866 across 42,737 shares as of August 7. ...READ MORE
SPAC IPO Terms Tracker: August 4, 2023
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Mountain & Co. I Acquisition Corp. (MCAA) Secures FPA
Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) announced in an 8-K this afternoon that it has entered into a forward purchase agreement (FPA) with Meteora Special Opportunity Fund I, Meteora Capital Partners, Meteora Select Trading Opportunities Master, and Meteora Strategic Capital for an OTC equity prepaid forward transaction. ...READ MORE
The Latest SPAC News and Rumors: August 4, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Nikola taps former GM vice chairman to serve as CEO, and Jet.AI
...READ MORE
ROTH MKM Hires Two SPAC Veterans
Gil Ottensoser and Anthony Mazzurco to join ROTH MKM team
A press release yesterday announced that ROTH MKM managed to scoop up Gil Ottensoser and Anthony Mazzurco, both of which are SPAC veterans and both having previously worked at BTIG. ...READ MORE
byNordic Acquisition Corporation (BYNO) Adjourns Extension Vote
byNordic Acquisition Corporation (NASDAQ:BYNO) announced this morning that it plans to adjourn its August 8 extension vote without conducting any business.
Shareholders will reconvene at 10 am ET August 10 and the change also pushes the SPAC’s deadline for redemption decisions to 5 pm ET August 8. ...READ MORE
The Latest Non-Redemption Agreements: August 3, 2023
Latest Non-Redemption Agreements: HH&L Acquisition Co.
HH&L Acquisition Co. (HHLA) Adds Non-Redemption Agreement
On August 3, HH&L Investment Co., the sponsor of HH&L Acquisition Co. (NYSE:HHLA), and the company, entered into an agreement with unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 500,000 shares of Class A ordinary shares at the general meeting. ...READ MORE
Hainan Manaslu (HMAC) Shareholders Approve Able View Deal
Hainan Manaslu Acquisition Corp. (NASDAQ:HMAC) announced in an 8-K this afternoon that its shareholders approved its combination with brand management company Able View at a special meeting held on August 2. ...READ MORE
Flame Acquisition Corp. (FLME) Adds PIPE to Sable Offshore Deal
Flame (NYSE:FLME) disclosed in an 8-K this afternoon that it has secured additional funding for its PIPE in connection to its merger with energy company Sable Offshore, bringing the total commitments to $74.5 million from $71.5 million. ...READ MORE
The Latest SPAC News and Rumors: August 3, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC encounters another setback as auditor abruptly resigns, and Movella launches first all-in-one broadcasting app for engaging livestreams
Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns
A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed.
HHG Capital Corporation (HHGC) to Combine with Perfect Hexagon Holdings
HHG Capital (NASDAQ:HHGC) has entered into a definitive agreement to combine with commodities trader Perfect Hexagon.
Malaysia-based Perfect Hexagon provides commodity trading and financing services with a focus on base and precious metals. ...READ MORE
Oxbridge Acquisition Corp (OXAC) Postpones Completion Vote
Oxbridge Acquisition Corp. (NASDAQ: OXAC) announced this afternoon that its special meeting, originally scheduled for August 4, has been postponed to 4:00 p.m. ET on August 7.
As a result of this change, the SPAC has extended the redemption deadline to 5:00 p.m. ...READ MORE
The Latest Non-Redemption Agreements: August 2, 2023
Latest Non-Redemption Agreements: Quantum FinTech and Byte
Quantum FinTech Acquisition Corp. (QFTA) Adds Non-Redemption Agreement
On August 1, Quantum FinTech Acquisition Corporation (NYSE:QFTA) and its sponsored entered into a non-redemption agreement with Funicular Funds, LP in exchange for the holder agreeing either not to request redemption in connection with the extension with respect to an aggregate of 2,351,800 shares of common stock. ...READ MORE
The Latest Liquidations: August 2, 2023
Latest SPAC Liquidations: AfterNext HealthTech
AfterNext HealthTech Acquisition Corp. (AFTR) to Liquidate on August 16
On August 2, AfterNext HealthTech Acquisition Corp. (NYSE:AFTR) announced that it intends to cease all operations except for the purpose of winding up, effective as of the close of business on August 16, and will redeem all of the outstanding Class A ordinary shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds and not previously released to the company to pay its taxes, divided by the number of the shares in issue. ...READ MORE