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Freedom Acquisition 1 Corp. (FACT) Adds Up to $80M to Complete Solaria Deal

Freedom Acquisition 1 Corp. (FACT) Adds Up to $80M to Complete Solaria Deal

Jul 14, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Freedom I (NYSE:FACT) announced in an 8-K this morning that it has added financing arrangements worth up to about $80 million to its combination with residential solar developer Complete Solaria.

The new money fills a significant funding gap after Freedom I revealed it had 99% of its shares redeemed at the end of its completion vote, leaving it with just 335,492 shares remaining and about $3.5 million in trust. ...READ MORE

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Nabors Energy Transition Corp. II (NETD) Prices $300M IPO

Jul 13, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

Nabors Energy Transition Corp. II priced its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NETDU” Friday, July 14, 2023.

The company intends to seek companies that are actively driving the energy transition and have technology focused on providing clean, dispatchable and scalable power from multiple sources, to meet growing demand without compromise to decarbonization.  ...READ MORE

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The Latest Non-Redemption Agreements: July 12, 2023

Jul 12, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Deep Medicine Acquisition Corp. and AP Acquisition Corp.

Deep Medicine Acquisition Corp. (DMAQ) Adds Non-Redemption Agreement

On July 11, 2023, Deep Medicine Acquisition Corp. (NASDAQ:DMAQ) and Bright Vision Sponsor LLC entered into certain non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem certain shares of Class A common stock in connection with the special meeting to consider and approve an extension from July 29, 2023 to January 29, 2024. ...READ MORE

Alpha Healthcare Acquisition Corp. III (ALPA) Shareholders Approve Carmell Deal

Jul 12, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Alpha Healthcare Acquisition Corp. III (NASDAQ:ALPA) announced this afternoon that its shareholders approved its combination with drug developer Carmell at a special meeting held on July 11.

At yesterday’s meeting, a total of at least 15,511,079 shares, or 78.46%, of ALPA’s issued and outstanding common stock were present either in person or by proxy, which constituted a quorum. ...READ MORE

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The Latest SPAC News and Rumors: July 12, 2023

Jul 12, 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: Matterport to reduce workforce by 30% and reduce office space

Proptech Company Matterport To Cut 170 Jobs, Reduce Office Space

Matterport (NASDAQ:MTTR), a spatial data company headquartered in Silicon Valley, announced plans to reduce its workforce by 30%, or about 170 jobs, in a Securities and Exchange Commission filing Tuesday.

...READ MORE
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Bellevue Life Sciences Acquisition Corp. (BLAC) Signs Letter of Intent with OSR Holdings

Jul 11, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Bellevue Life Sciences Acquisition Corp. (Nasdaq: BLAC) has signed a non-binding letter of intent (LOI) to combine with global healthcare holding company OSR Holdings, Ltd.

Seoul, South Korea-based OSR leverages its international network of partners in the US, Europe, and South Korea to develop and license its pipeline of innovative biomedical therapies based on proprietary platform technologies, with the ultimate goal of addressing unmet medical needs. ...READ MORE

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The Latest SPAC News and Rumors: July 11, 2023

Jul 11, 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: Universal Entertainment execs blamed for failed SPAC merger, DWAC names Eric Swider as new CEO, and Ocean Biomedical’s vaccine candidate demonstrates broad potential to address malaria 

Universal Entertainment Executives Blamed for Failed SPAC Merger

Executives at Japan’s Universal Entertainment Corp.

...READ MORE
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XPAC Acquisition Corp. (XPAX) Sells Sponsor Economics Before Extension Vote

Jul 11, 2023 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

XPAC (NASDAQ:XPAX) announced in an 8-K filing that it has sold much of its sponsor economics and will change both name and management team.

J. Streicher Holdings is to purchase 4,400,283 of XPAC’s promote shares (80.1%) and 4,261,485 private placement warrants (100%) for $250,000 as it takes over as the new sponsor while also footing $25,000 in legal fees. ...READ MORE

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The Latest Non-Redemption Agreements: July 10, 2023

Jul 10, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Alpha Healthcare III 

Alpha Healthcare Acquisition Corp. III (ALPA) Adds Non-Redemption Agreement

On July 9, Alpha Healthcare III (NASDAQ:ALPA) entered into a Non-Redemption Agreement with Meteora Select Trading Opportunities Master, LP pursuant to which the seller agreed not to exercise redemption rights under the charter with respect to an aggregate of 100,000 shares. ...READ MORE

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