The Latest SPAC News and Rumors: May 8, 2023

May 8, 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: Singapore TV licensing startup Allrites to merge with Aura FAT Projects and activist investor Impactive takes a stake in Clarivate

Singapore TV Licensing Startup Allrites to Merge With Aura SPAC

Allrites Holdings Pte, a Singaporean film and television content rights marketplace, has agreed to go public through a merger with US-listed blank check firm Aura FAT Projects Acquisition Corp. ...READ MORE

SPAC IPO Terms Tracker: Day-One IPO Performance is Improving

May 6, 2023 Headline Post, INTEL by Kristi Marvin

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The Latest Non-Redemption Agreements: May 5, 2023

May 5, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Maquia Capital Acquisition Corporation, LAMF Global Ventures I, 10X Capital Venture II, and DP Cap I

Maquia Capital Acquisition Corp. (MAQC) Adds Non-Redemption Agreement

On May 5, Maquia Capital Acquisition Corporation (NASDAQ:MAQC) and Maquia Investments North America, LLC entered into a non-redemption agreement with one or more unaffiliated third party or parties in exchange for such third party or third parties agreeing not to redeem an aggregate of 247,883 shares of Class A common stock. ...READ MORE

The Latest SPAC News and Rumors: May 5, 2023

May 5, 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: Foxconn threatens to pull funding from Lordstown and ZeroNox partners with Jospong Group to launch electrification project

Lordstown savior Foxconn is threatening to pull funding

Lordstown Motors (NASDAQ:RIDE) is at risk of failing — again.

AlTi Global (ALTI) Calls All Outstanding Warrants

May 5, 2023 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

AlTi Global (NASDAQ:ALTI), the wealth and asset manager that combined with Cartesian Growth in January, announced this morning that it has launched an offer to exchange all outstanding warrants for 0.25 Class A shares each. ...READ MORE

Alchemy Investments Acquisition Corp 1 (ALCY) Prices $100M IPO

May 5, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

Alchemy Investments Acquisition Corp 1 priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALCYU” Friday, May 5, 2023.

The SPAC intends to acquire a deep technology company with a focus on data analytics. ...READ MORE

The Latest Liquidations: May 4, 2023

May 4, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: VMG Consumer, Evo, Banner, and XPAC

VMG Consumer Acquisition Corp. (VMGA) to Liquidate on May 15

VMG Consumer Acquisition Corp. (NASDAQ:VMGA) today announced that it has cancelled its special meeting of stockholders and intends to dissolve and liquidate, effective as of the close of business on May 15, 2023. ...READ MORE

The Latest Non-Redemption Agreements: May 4, 2023

May 4, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Pono Capital Two, and Roth CH Acquisition V Co.

Pono Capital Two (PTWO) Adds Non-Redemption Agreement

On May 3, 2023, Pono Capital Two (NASDAQ:PTWO) entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, 773,682 shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the extension. ...READ MORE

Galata Acquisition Corp. (GLTA) Amends Deal for Marti

May 4, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Galata Acquisition Corp. (NYSE: GLTA) announced this afternoon that it has amended its business combination agreement and subscription agreements in connection to its proposed merger with Turkish mobility app Marti.

As part of the amendment, Galata will no longer be required to have a minimum of $50 million in cash on hand, which was previously waived by Marti. ...READ MORE

New SPAC: Prospect Energy Holdings Corp. Files for $300M IPO

May 4, 2023 Headline Post, INTEL, New S-1 Filings by Marlena Haddad

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The Latest SPAC News and Rumors: May 4, 2023

May 4, 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: Newsight Imaging and Brightlaser awarded grant to develop next generation 3D home and industrial security LiDAR

Newsight Imaging and Brightlaser Awarded Collaboration Grant to Develop Next Generation 3D Home and Industrial Security LIDAR

Newsight Imaging Ltd., ...READ MORE

Corner Growth Acquisition Corp. (COOL) to Combine with Noventiq in $800M Deal

May 4, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Corner Growth Acquisition Corp. (NASDAQ:COOL) has entered into a definitive agreement to combine with software firm Noventiq (LSE:NVIQ) at an enterprise value of $800 million, or 0.4x its FY2021 revenue.

The London-based company helps companies lead internal digital transformations to drive efficiencies in their IT, cloud storage and cybersecurity systems. ...READ MORE

VMG Consumer Acquisition Corp. (VMGA) Cancels Extension Vote, Announces Liquidation

May 4, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

VMG Consumer Acquisition Corp. (Nasdaq:VMGA) announced this afternoon that it has decided to cancel its extension vote tomorrow and will instead liquidate its trust.

At the meeting, the SPAC intended to seek shareholder approval of a proposal to extend its timeline from May 15 to November 15. ...READ MORE

The Latest Liquidations: May 3, 2023

May 3, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Kimbell Tiger

Kimbell Tiger Acquisition Corp. (TGR) to Liquidate on May 8

Kimbell Tiger Acquisition Corporation (NYSE: TGR), today announced that it will redeem all of its outstanding shares of Class A Common Stock and the 2,500 shares of Class A common stock forming part of the sponsor shares, effective as of the close of business on May 22, 2023. ...READ MORE

The Latest Non-Redemption Agreements: May 3, 2023

May 3, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: 10X Capital Venture Acquisition Corp. II, New Providence Acquisition Corp. II, Roth CH Acquisition V Co., and Apollo Strategic Growth Capital II

10X Capital Venture Acquisition Corp. II (VCXA) Adds Non-Redemption Agreement

On May 2, 2023, certain investors of 10X II entered into non-redemption agreements with 10X II (NASDAQ:VCXA) and 10X Capital SPAC Sponsor II LLC. ...READ MORE

Finnovate Acquisition Corp. (FNVT) Sells Founder Shares

May 3, 2023 Headline Post, INTEL by Marlena Haddad

Finnovate Acquisition Corp. (NASDAQ:FNVT) announced this afternoon that it has entered into an investment agreement with its sponsor and an investor, Sunorange Limited, to sell a portion of its founder shares. ...READ MORE

The Latest SPAC News and Rumors: May 3, 2023

May 3, 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: Bridgetown Holdings nears merger with Hyphen, Bhutan’s investment arm and Bitdeer plan a $500M fund for crypto mining, and Ares’s $500M SPAC marks return of jumbo blank-check firms

Billionaire-Thiel Backed SPAC Is Said to Near Merger With Hyphen

Bridgetown Holdings Ltd. ...READ MORE

BioPlus Acquisition Corp. (BIOS) to Combine with Avertix Medical in $195M Deal

May 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

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OceanTech Acquisitions I Corp. (OTEC) to Combine with Regentis Biomaterials in $95M Deal

May 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

OceanTech I (NASDAQA:OTEC) has entered into a definitive agreement to combine with regenerative medicine company Regentis at a $95 million valuation.

Or-Akiva, Israel-based Regentis has been working to commercialize its GelrinC orthopedic therapy to repair cartilage damage in knees and has already received a CE mark in Europe as a medical device. ...READ MORE

The Latest Liquidations: May 2, 2023

May 2, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Green Visor Financial Technology Acquisition Corp. I

Green Visor Financial Technology Acquisition Corp. I (GVCI) to Liquidate on May 12

Green Visor Financial Technology Acquisition Corp. I (NASDAQ:GVCI) today announced that it will redeem all of its outstanding Class A ordinary shares, on or about May 12. ...READ MORE