SPAC IPO Terms Tracker: June 9, 2023
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The Latest SPAC News and Rumors: June 9, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC rises in wake of Trump’s indictment, Senator Kennedy introduces SPAC Act to protect investors, and Abacus Life appoints new managing director
DWAC rises in wake of Donald Trump’s indictment
Shares of Digital World Acquisition Corp. ...READ MORE
Priveterra Acquisition Corporation (PMGM) to Adjourn Completion Vote Second Time to June 13
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to once again adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 13. ...READ MORE
The Latest Liquidations: June 8, 2023
Latest SPAC Liquidations: JAWS Juggernaut Acquisition Corp., Talon 1 Acquisition Corp.
JAWS Juggernaut Acquisition Corporation (JUGG) to Liquidate on June 22
JAWS Juggernaut Acquisition Corporation (Nasdaq: JUGG) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. ...READ MORE
Rice Acquisition Corp. II (RONI) Completes NET Power Deal
Rice II (NYSE: RONI) announced today that it has completed its combination with energy technology company NET Power.
The deal was originally approved by shareholders at a special meeting yesterday with relatively low redemptions. A ...READ MORE
The Latest SPAC News and Rumors: June 8, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: BlackSly and Momentus win contracts, Terran Orbital’s CAPSTONE completes primary mission, and Richard Branson puts himself and Virgin brand on trial
BlackSky and Momentus Win Contracts
Momentus (NASDAQ:MNTS) has won a contract with Apogeo Space to provide in-space transportation for the Italian company’s batch of nine Internet of Things (IoT) picosatellites. ...READ MORE
MedTech Acquisition Corp (MTAC) Adds Convertible Note, Backstop to TriSalus Deal
MedTech Acquisition Corp. (NASDAQ:MTAC) announced in an 8-K this morning that it has added a $17.8 million convertible share investment and $2 million backstop to its pending combination with TriSalus Life Sciences. ...READ MORE
Avalon Acquisition Inc. (AVAC) Shareholders Approve Beneficient Company Deal
Avalon Acquisition Inc. (NASDAQ:AVAC) has secured shareholder approval for its combination with financial services firm Beneficient with about 87% of shares redeemed at the final vote.
The redemptions removed all but $27.9 million from Avalon’s trust, but the transaction did not include a minimum cash condition beyond the $5 million required for listing purposes. ...READ MORE
The Latest Non-Redemption Agreements: June 7, 2023
Latest Non-Redemption Agreements: EVe Mobility and Swiftmerge
EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement
On June 7, EVe Mobility Acquisition Corp. (NYSE:EVE) and the sponsor entered into further non-redemption agreements with additional unaffiliated third party investors pursuant to which the investors have, in connection with the Extension Meeting, agreed not to redeem their Class A Ordinary Shares. The ...READ MORE
The Latest Liquidations: June 7, 2023
Latest SPAC Liquidations: Ahren Acquisition Corp.
Ahren Acquisition Corp. (AHRN) to Liquidate on June 19
Ahren Acquisition Corp. (Nasdaq: AHRN) today announced its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of June 19. ...READ MORE
ROC Energy Acquisition Corp. (ROC) Shareholders Approve Drilling Tools International Deal
ROC Energy Acquisition Corp. (NASDAQ:ROC) announced in an 8-K today that its shareholders have approved its combination with oilfield services company Drilling Tools International (“DTI”) during a special meeting held on June 1. ...READ MORE
The Latest SPAC News and Rumors: June 7, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SMX to create new subsidiary, trueSilver, and enters into exclusive agreement with Sunshine Minting
SMX Extending Metals Business with trueSilver Aiming Both for Fashion Luxury and Bullion Products
SMX (NASDAQ:SMX) is pleased to announce that it is in the process of creating a new subsidiary, trueSilver, and has entered into a 120 day exclusive agreement with Sunshine Minting Inc., ...READ MORE
Rice Acquisition Corp. II (RONI) Shareholders Approve NET Power Deal
Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions.
In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust. ...READ MORE
Trajectory Alpha Acquisition Corp. (TCOA) Postpones Extension Vote
Trajectory Alpha (NYSE:TCOA) announced in an 8-K this morning that it has opted to postpone its June 8 extension vote to June 12 at 10 am ET.
The SPAC will use this extra time to engage with shareholders at work to reverse redemption decisions. ...READ MORE
New Data Added Detailing “Corporate Actions”
Tracking SPACs and all of their various types of “corporate actions” can be challenging. After all, a SPAC can postpone, adjourn, extend, complete, liquidate early, do a tender offer, and in some cases, one SPAC do all of those actions within its lifespan. ...READ MORE
The Latest SPAC News and Rumors: June 6, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Byju skips payment on dollar loan and HNR affirms intent to purchase equity interests of Pogo Resources
High-Flying Indian Startup Byju’s Skips Payment on Dollar Loan
One of India’s best-known startups has skipped payment on a dollar loan, escalating a conflict with lenders that underscores the company’s mounting distress. ...READ MORE
Avalon Acquisition Inc. (AVAC) Adds FPA to The Beneficient Company Deal
Avalon Acquisition Inc. (NASDAQ:AVAC) announced in an 8-K this morning that it has entered into a prepaid forward purchase agreement with RiverNorth SPAC Arbitrage Fund, the purchaser, as it works to close its combination with financial services firm The Beneficient Company, or Ben. ...READ MORE
Blue Ocean Acquisition Corp. (BOCN) to Combine with TNL Mediagene in $275M Deal
Blue Ocean (NASDAQ:BOCN) has entered into a definitive agreement to combine with digital media company TNL Mediagene at a pre-money enterprise value of $275 million.
TNL Mediagene holds the Japanese licenses for a number digital media properties as well as Taipei-based The News Lens. ...READ MORE
Priveterra Acquisition Corporation (PMGM) Pushes Completion Vote to June 9
Jun 6, 2023
De-SPAC Votes and Redemptions, Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. ...READ MORE
The Latest Non-Redemption Agreements: June 5, 2023
Latest Non-Redemption Agreements: EVe Mobility
EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement
On June 5, 2023, EVe Mobility Acquisition Corp. (NYSE:EVE) and the Sponsor entered into non-redemption agreements with unaffiliated third party investors, pursuant to which the Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior redemption election with respect to certain of their Class A Ordinary Shares. ...READ MORE