Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
AlTi Global Inc. (NASDAQ:ALTI) ...READ MORE
Fintech Ecosystem (NASDAQ:FEXD) announced in an 8-K this morning that it has terminated its business combination with financial services provider Rana.
The filing noted that the deal was terminated well before its September 12 outside date because Rana failed to provide audited financial statements to the other parties in a timely manner. ...READ MORE
As previously reported, PowerUp Sponsor LLC, the sponsor of PowerUp Acquisition Corp. (NASDAQ:PWUP), and the company, entered into several Non-Redemption Agreements and Assignment of Economic Interests with certain unaffiliated third parties. ...READ MORE
Pontem Corporation (NYSE: PNTM) today announced that it will redeem all of its outstanding Class A ordinary shares, effective on or about the close of business on May 30. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Shares of Vingroup JSC jumped after announcing its electric vehicle maker unit will list in the US by merging with a blank-check company at an equity value of about $23 billion. ...READ MORE
TH International Limited (“Tims China”) (NASDAQ: THCH), the coffee shop chain that combined with Silver Crest, announced this afternoon that it has launched an offer to exchange all outstanding warrants for 0.24 Class A shares each. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The Board of the International Organization of Securities Commissions (IOSCO), has published a final report on Special Purpose Acquisition Companies (SPACs), which aims to help its members review or improve their approach to these companies. ...READ MORE
Yesterday evening, RMG Acquisition Corp. III (RMGC) filed their documents in regards to their announced combination with H2B2 Electrolysis Technologies, Inc., but also included was that they intend to do a warrant conversion for shares for both the public and private warrants. ...READ MORE
EG Acquisition Corp. (NYSE:EGGF) announced this morning that it is pushing its extension vote from today to 12 pm ET May 19 to give it more time to engage with shareholders. ...READ MORE
Chain Bridge I (NASDAQ:CBRG) announced this morning that third-party investors had completed the purchase of 175,000 shares on the open market as a part of non-redemption agreements the SPAC has arranged. ...READ MORE
Post Holdings Partnering Corporation (NYSE: PSPC) today announced that its board of directors has decided to redeem all of its outstanding shares of Series A common stock, with such redemption anticipated to be effective as of May 30. ...READ MORE
On May 10, 2023, Chain Bridge I (NASDAQ:CBRG), Chain Bridge Group, the sponsor of the Company, and CB Co-Investment LLC entered into non-redemption agreements with one or more unaffiliated third party or parties in exchange for each such third party or third parties agreeing not to redeem 400,000 ordinary shares. ...READ MORE
Metals Acquisition Corp. (NYSE:MTAL) has continued to add to the committed financing for its combination with Glencore’s (LON:GLEN) CSA Copper Mine, announcing this afternoon that it has executed $26 million in PIPE agreements. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
An investment firm backed by Abu Dhabi’s Al Maskari family is planning to list a blank-check firm in the city, people familiar with the matter said, in what would be the second such deal in the Middle East. ...READ MORE
Evergreen (NASDAQ:EVGR) announced this morning that it was canceling a special meeting to be held 11 am ET today to extend its deadline and will instead use its ability to automatically extend this date by three months. ...READ MORE
OmniLit Acquisition Corp. (NASDAQ:OLIT) has entered into a definitive agreement to combine with precision optics-maker Syntec for initial equity consideration of $316 million.
Rochester, New York-based Syntec provides lenses and other optical equipment to the defense, medical and consumer sectors. ...READ MORE
