The Latest SPAC News and Rumors: April 11, 2023

Apr 11, 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: Aeries Technology launches cyber security managed services offering

Aeries Technology Launches Cyber Security Managed Services Offering

Aeries Technology, a global professional services and consulting partner for business leadership teams, private equity sponsors, and their portfolio companies, today announced the launch of its cyber security managed services offering, giving companies access to world-class cyber security services and Information Security Management Systems (ISMS) designed to meet and exceed the standards of an enterprise-level Chief Information Security Officer at a lower cost of hiring in-house experts. ...READ MORE

Cascadia Acquisition Corp. (CCAI) Terminates RealWear Deal

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

Cascadia Acquisition Corp (NASDAQ:CCAI) announced this morning that it has terminated its deal with wearable technology-maker RealWear.

With limited details on the termination, it remains unclear if the breakup was mutual and if Cascadia will continue its search for an alternative target. ...READ MORE

Rosecliff Acquisition Corp. I (RCLF) to Combine with Spectral MD in $170M Deal

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

To access this post, you must purchase 1 - User: Monthly Plan.

The Latest Liquidations: April 10, 2023

Apr 10, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Panacea Acquisition Corp. II

Panacea Acquisition Corp. II (PANA) to Liquidate

Panacea Acquisition Corp. II (NASDAQ:PANA) announced that it will liquidate and redeem its shares as promptly as possible, but no later than April 21. ...READ MORE

The Latest SPAC News and Rumors: April 10, 2023

Apr 10, 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: De-SPACs log billions of dollars in goodwill write-downs

Companies That Went Public via SPACs Log Billions of Dollars in Goodwill Write-Downs

Companies that went public through mergers with SPACs in recent years booked billions of dollars in goodwill write-downs in 2022, reflecting in part a reckoning of the heady premiums paid to secure deals during the SPAC boom.

SPAC IPO Terms Tracker: A Quiet Holiday Week

Apr 8, 2023 Headline Post, INTEL by Kristi Marvin

To access this post, you must purchase 1 - User: Monthly Plan.

The Latest Non-Redemption Agreements: April 7, 2023

Apr 7, 2023 Deal Announcements & Amendments, INTEL by Kristi Marvin

Latest Non-Redemption Agreements: Concord Acquisition Corp. III

Concord Acquisition Corp. III (CNDB) Adds Non-Redemption Agreement

On April 6, 2023, Concord Acquisition Corp. III (NYSE:CNDB) and its sponsor entered into one or more agreements with one or more third parties in exchange for them agreeing not to redeem shares of an unknown number of the company’s Class A common stock in connection with its extension meeting to be held May 4, 2023. ...READ MORE

The Latest Liquidations: April 7, 2023

Apr 7, 2023 INTEL by Kristi Marvin

Latest SPAC Liquidations: Games & Esports Experience Acquisition Corp.

Games & Esports Experience Acquisition Corp (GEEX) to Liquidate

Games & Esports Experience Acquisition Corp. (Nasdaq: GEEX) announced today that it will redeem all of the issued and outstanding Class A ordinary shares on or prior to April 14, 2023, because the Company’s sponsor has determined that it will not make an additional contribution to the Company’s trust account required in order to extend the April 7, 2023 deadline. ...READ MORE

Kensington Capital Acquisition Corp. V (KCGI) to Combine with Arrival in $524M Deal

Apr 7, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Kensington V (NYSE:KCGI) has entered into a definitive agreement to combine with EV-maker Arrival (NASDAQ:ARVL) at an enterprise value of $524 million.

Luxembourg-based Arrival manufactures EV cargo delivery vehicles using proprietary micro-factory manufacturing processes. ...READ MORE

The Latest Non-Redemption Agreements: April 6, 2023

Apr 6, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Banyan, ShoulderUp Technology, and ExcelFin

Banyan Acquisition Corp. (BYN) Adds Non-Redemption Agreement

In connection with the extension meeting of Banyan Acquisition Corporation (NYSE:BYN), the company and its sponsor have entered into a non-redemption agreement with an unaffiliated third party, pursuant to which such third party has agreed not to redeem an aggregate of 559,600 shares of Class A common stock. ...READ MORE

The Latest SPAC News and Rumors: April 6, 2023

Apr 6, 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: Chamath Palihapitiya says higher rates have created ‘wave of destruction’ and DigiAsia Bios looks to expand abroad post SPAC merger

SPAC king Chamath Palihapitiya says higher rates have created ‘wave of destruction’ across whole sectors

Higher interest rates are sowing chaos across businesses and whole sectors of the market, according to “SPAC king” Chamath Palihapitiya. ...READ MORE

Viveon Health Acquisition Corp. (VHAQ) to Combine with Clearday in $370M Deal

Apr 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

To access this post, you must purchase 1 - User: Monthly Plan.

The Latest Non-Redemption Agreements: April 5, 2023

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

Latest Non-Redemption Agreements: Atlantic Coastal Acquisition Corp. II

Atlantic Coastal Acquisition Corp. II (ACAB) Adds Non-Redemption Agreement

In connection with the special meeting of the stockholders of Atlantic Coastal Acquisition Corp. ...READ MORE

The Latest Liquidations: April 5, 2023

Apr 5, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: dMY Technology Group VI

dMY Technology Group, Inc. VI (DMYS) to Liquidate

dMY Technology Group, Inc. VI (NYSE: DMYS) announced today that the independent and disinterested Directors made a reasonable determination, that it would not be in the best interests of those involved to proceed with the combination with Rain Enhancement Technologies. ...READ MORE

New SPAC: Inflection Point Acquisition Corp. II Files for $200M IPO

Apr 5, 2023 Headline Post, INTEL, New S-1 Filings by Marlena Haddad

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

The Latest SPAC News and Rumors: April 5, 2023

Apr 5, 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: DWAC drops 8% amid Trump’s arraignment, and Avanseus announces version 6.0 of Augmented Operations platform

Trump SPAC Digital World drops amid former president’s arraignment, delayed 10-K filing

Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Donald Trump’s social media company and Truth Social app public, fell 8% as the former president was formally arraigned on charges related to alleged hush-money payments made during the 2016 presidential campaign. ...READ MORE

CIIG Capital Partners II Inc. (CIIG) to Adjourn Completion Vote

Apr 5, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

CIIG Capital Partners II (NASDAQ:CIIG) announced this morning that it intends to adjourn its April 12 special meeting to approve its combination with EV motorcycle company Zapp to Friday, April 14 at 10 am ET. ...READ MORE

Podcast: Sudhir Panikassery, Founder & CEO of Aeries Technology, and Daniel Webb of Worldwide Webb

Apr 5, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

SPACs have been searching hard for combination targets with lean balance sheets and strong cash flow. So, why not combine with a company that helps other companies develop lean balance sheets and strong cash flow? ...READ MORE

The Latest SPAC News and Rumors: April 4, 2023

Apr 4, 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: Virgin Orbit files for bankruptcy

Branson’s Rocket-Launch Firm Virgin Orbit Files for Bankruptcy

Virgin Orbit Holdings Inc. ...READ MORE

The Latest Non-Redemption Agreements: April 3, 2023

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

Latest Non-Redemption Agreements: Worldwide Webb

Worldwide Webb (WWAC) Adds Non-Redemption Agreement

On March 31, 2023, Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) entered into non-redemption agreements with certain unaffiliated third parties holding an aggregate of 4,935,000 Class A ordinary shares. ...READ MORE