The Latest SPAC News and Rumors: April 24, 2023

Apr 24, 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: Global IPO market shows signs of life even as recession fears persist, and BuzzFeed to layoff 15% of employees

IPO Market Shows Signs of Life Even as Recession Fears Persist

The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia. ...READ MORE

Focus Impact Acquisition Corp. (FIAC) Adjourns Extension Vote

Apr 24, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Focus Impact Acquisition Corp. (NASDAQ:FIAC) announced that it adjourned today’s special meeting, without conducting any other business, and will reconvene tomorrow, April 25, at 4:00 p.m.

As of now, the current number of shares tendered for redemption is 18,072,784.

SPAC IPO Terms Tracker: April Gets Its First SPAC IPO

Apr 22, 2023 Headline Post, INTEL by Kristi Marvin

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The Latest Liquidations: April 21, 2023

Apr 21, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Blockchain Moon Acquisition Corp., Skydeck Acquisition Corp., B. Riley Principal 250 Merger Corp., and Valor Latitude

Blockchain Moon Acquisition Corp. (BMAQ) to Liquidate on April 21

Blockchain Moon Acquisition Corp. ...READ MORE

Social Leverage Acquisition Corp I (SLAC) Reduces W3BCLOUD Valuation in Deal Tweak

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

Social Leverage Acquisition Corp I (NASDAQ: SLAC) announced this afternoon that it has reduced the valuation for its target W3BCLOUD, entered into non-redemption agreements with certain investors, and a non-binding term sheet for a $150 million committed equity facility with B.Riley. ...READ MORE

The Latest SPAC News and Rumors: April 21, 2023

Apr 21, 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: Pagaya Technologies weighs takeover of Sunlight Financial, Lanvin Group sales rise 37% to €422 million, and Mexico’s Covalto delays Nasdaq listing to 2024

Pagaya Technologies Weighs Takeover of Sunlight Financial

Pagaya Technologies Ltd. ...READ MORE

Greencity Acquisition Corporation (GRCY) Announces LOI with Bopai

Apr 21, 2023 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Greencity Acquisition Corporation (NASDAQ:GRCY) announced this morning that it has signed a non-binding letter of intent with Bopai Construction Technology and plans to enter into a definitive agreement to combine after a period of due diligence. ...READ MORE

Bannix Acquisition Corp. (BNIX) Signs $543M LOI with EVIE Autonomous

Apr 21, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Bannix Acquisition Corp. (NASDAQ:BNIX) announced this morning that it has entered into a binding letter of intent to combine with autonomous vehicle company EVIE at a proposed enterprise value of $542.5 million. ...READ MORE

Ares Acquisition Corporation II (AACT) Prices Upsized $450M IPO

Apr 21, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

Ares Acquisition Corporation II priced its upsized $450 million IPO and its units are expected to begin trading on the NYSE under the symbol “AACT.U” Friday, April 21, 2023.

The SPAC intends to focus its search on an established target in North America, Europe or Asia that has a differentiated and sustainable business model with a defensible market position and a strong management team. ...READ MORE

The Latest SPAC News and Rumors: April 20, 2023

Apr 20, 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: SeatGeek files to go public, Elenium eyes $185M deal with Integral 1, and Hong Kong SPAC pioneer calls for looser rules to revive market

SeatGeek Reportedly Files to Go Public After Failed SPAC Merger

Ticketing company SeatGeek filed confidentially with regulators earlier this month to go public, according to a new report from The Information. ...READ MORE

Athena Technology II (ATEK) to Combine with Air Water Ventures in $300M Deal

Apr 20, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Jupiter Wellness Acquisition Corp. (JWAC) Postpones Completion Vote

Apr 19, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced that it has postponed its special meeting, originally scheduled for April 20, until 10:00 a.m. ET on May 2.

At the meeting, stockholders of JWAC will be asked to vote on a proposal to approve its $1.6 billion business combination with Chinese carmaker Chijet. ...READ MORE

The Latest SPAC News and Rumors: April 19, 2023

Apr 19, 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: Cilo Cybin wins Malaysian backer in new listing bid, Spectral MD receives $4M grant from Medical Technology Enterprise Consortium and Lifezone Metals launches off-take marketing process

South African Cannabis Firm Wins Malaysian Backer in New Listing Bid

Five months after pulling a planned initial public offering South African medical cannabis company Cilo Cybin Holdings Ltd. ...READ MORE

ESGEN Acquisition Corp. (ESAC) to Combine with Sunergy in $475M Deal

Apr 19, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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The Latest Non-Redemption Agreements: April 18, 2023

Apr 18, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Apollo Strategic Growth Capital II

Apollo Strategic Growth Capital II (APGB) Adds Non-Redemption Agreement

On April 17, Apollo Strategic Growth Capital II (NYSE:APGB) and its sponsor entered into an agreement with an unaffiliated third party in exchange for such third party agreeing not to redeem an aggregate of 650,413 Class A ordinary shares. ...READ MORE

Clean Earth (CLIN) Lowers Alternus Valuation in Deal Tweak

Apr 18, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Clean Earth Acquisitions Corp. (NASDAQ:CLIN) announced in an 8-K this afternoon that it has lowered the valuation for its climate technology target Alternus (OSE:ALT) and reduced the earnout shares for the deal. ...READ MORE

Anzu Special Acquisition Corp I (ANZU) to Combine with Envoy Medical in $150M Deal

Apr 18, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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The Latest SPAC News and Rumors: April 18, 2023

Apr 18, 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: SPAC traders value Trump Media 40x higher than he does, Devin Nunes says SEC is slow walking Truth Social deal, and Hambro Perks co-founder and CEO quietly exits

SPAC Traders Value Trump Media 40-Times Higher Than He Does

Donald Trump values his nascent media company at less than $30 million, a stark discount to the more than $1 billion valuation implied by investors who piled into the blank check that’s hoping to bring the firm public. ...READ MORE

The Latest Liquidations: April 17, 2023

Apr 17, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Trine II

Trine II (TRAQ) to Liquidate on May 1

Trine II Acquisition Corp. (NYSE: TRAQ), a publicly-traded special purpose acquisition company, today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of May 2, 2023. ...READ MORE

Progress Acquisition Corp. (PGRW) Adjourns Extension Vote

Apr 17, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Progress Acquisition Corp. (NASDAQ:PGRW) announced that it adjourned today’s special meeting and will reconvene on April 26.

Earlier today, Progress held a special meeting where stockholders approved a proposal to adjourn the meeting to a later date to permit further solicitation of proxies for an extension proposal. ...READ MORE