Bite Acquisition Corp. (BITE) to Combine with Above Food in $319M Deal
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Parabellum Acquisition Corp. (PRBM) Terminates EnOcean Deal, Will Liquidate
Parabellum Acquisition Corp. (OTC:PRBM) announced this morning that its business combination with internet of things (IoT) device-maker EnOcean has been terminated and it will now liquidate its trust.
On April 28, EnOcean delivered a termination letter to the SPAC announcing that it was exercising its right to terminate the deal, but did not provide further information about the breakup. ...READ MORE
SPAC IPO Terms Tracker: Closing Out April
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The Latest Liquidations: April 28, 2023
Latest SPAC Liquidations: LAVA Medtech Acquisition Corp., Digital Acquisitions I Corp.
LAVA Medtech Acquisition Corp. (LVAC) to Liquidate on May 3
LAVA Medtech Acquisition Corp. (NASDAQ: LVAC) announced today that the board of directors of the Company (the “Board”) has elected to abandon and not implement the extension that was approved by stockholders on April 25, 2023. ...READ MORE
Project Energy Reimagined (PEGR) Announces LOI
Project Energy Reimagined Acquisition Corp. (Nasdaq: PEGR) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with an unnamed target.
The SPAC kept details on the potential merger to a minimum, but with today’s signed LOI in hand, it can now auto-extend an additional 3 months to August 2, without a contribution to trust. ...READ MORE
CIIG II (CIIG) Completes Zapp Deal
CIIG Capital Partners II (NASDAQ:CIIG) announced this afternoon that it has completed its business combination with EV motorcycle company Zapp.
The SPAC’s shareholders already approved of the deal at a meeting held on April 14, but did not provide further information on the closing of the transaction at that time. ...READ MORE
The Latest SPAC News and Rumors: April 28, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Terran Orbital receives milestone payment for Rivada constellation and ex-CFO of African Gold Acquisition Corp.
...READ MORE
Roth CH Acquisition V Co. (ROCL) Inks $160M LOI with Slacker Radio
Roth CH V (NASDAQ:ROCL) announced this morning that it has entered into a letter of intent (LOI) to combine with podcast platform Slacker at a proposed enterprise value of $160 million. ...READ MORE
LAMF Global Ventures Corp. I (LGVC) Signs LOI With Nuvo Group
LAMF Global Ventures Corp. I (Nasdaq: LGVC) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with a leading FDA-cleared innovator in pregnancy care, Nuvo Group Ltd.
Under the LOI, LAMF contemplates Nuvo at a pre-money equity valuation of $269 million, excluding a seller earnout of approximately $31 million. ...READ MORE
Arrowroot Acquisition Corp. (ARRW) to Combine with iLearningEngines in $1.4Bn Deal
Arrowroot Acquisition Corp. (NASDAQ:ARRW) has entered into a definitive agreement to combine with AI technology firm iLearningEngines at an enterprise value of $1.4 billion, or 3.3x its 2023E.
The Bethesda, Maryland-based company provides AI-based tools to automate business operations and improve efficiencies in internal programs for a variety of industries. ...READ MORE
The Latest Non-Redemption Agreements: April 27, 2023
Latest Non-Redemption Agreements: AltEnergy Acquisition Corp.
AltEnergy Acquisition Corp. (AEAE) Adds Non-Redemption Agreement
On April 26, 2023 and April 27, 2023, AltEnergy Acquisition Corp. (NASDAQ:AEAE) and AltEnergy Acquisition Sponsor, LLC, the sponsor of the Company, entered into non-redemption agreements with certain unaffiliated third parties in exchange for the holder or holders agreeing either not to request redemption in connection with the extension or to reverse any previously submitted redemption demand in connection with the extension with respect to an aggregate of 1,250,000 Class A common stock. ...READ MORE
The Latest SPAC News and Rumors: April 27, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Electriq Power to collaborate with SLO Climate Coalition
Electriq Power to Offer Solar+Storage with Zero Up-Front Cost to All San Luis Obispo County Residents in Collaboration with the SLO Climate Coalition
Electriq Power (Electriq), a provider of intelligent energy storage and management for homes and small businesses, has today announced the signing of an agreement with SLO Climate Coalition (SLOCC) to deliver affordable, sustainable, and resilient energy to San Luis Obispo County residents through fully financed residential solar-plus-storage microgrids. ...READ MORE
Healthwell Acquisition Corp. I (HWEL) to Combine with Starton Therapeutics in $339M Deal
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Podcast: SilverBox Capital’s Stephen Kadenacy and Joe Reece
This week, we speak with Joe Reece and Stephen Kadenacy, from the SilverBox team. Joe and Stephen led the Boxwood Merger Corp. and SilverBox Engaged Merger Corp. I transactions, as well as recently priced the SilverBox Corp. ...READ MORE
Chain Bridge I (CBRG) Announces LOI Ahead of Vote
Chain Bridge I (NASDAQ:CBRG) announced this morning that it has signed a letter of intent (LOI) to combine with an unnamed target company.
Shareholders will have this to consider as they vote at a May 5 special meeting to extend the SPAC’s transaction deadline from May 15 to November 15. ...READ MORE
Evo Acquisition Corp. (EVOJ) Terminates 20Cube Logistics Deal
Evo Acquisition Corp. (NASDAQ:EVOJ) announced that it has mutually terminated its business combination with Singaporean logistics software firm 20Cube.
The parties did not provide the causes of the breakup, but noted that the sides had signed agreements to terminate on mutually acceptable terms. ...READ MORE
The Latest Non-Redemption Agreements: April 26, 2023
Latest Non-Redemption Agreements: Juniper II
Juniper II Corp. (JUN.U) Adds Non-Redemption Agreement
On April 25, 2023, Juniper II (NYSE:JUN.U) entered into additional Non-Redemption Agreements with 4 unaffiliated third parties. The additional holders agreed to either not request redemption in connection with the extension or to reverse any previously submitted redemption demand with respect to an aggregate of 1,600,000 shares of Class A Common Stock. ...READ MORE
The Latest Liquidations: April 26, 2023
Latest SPAC Liquidations: Intelligent Medicine
Intelligent Medicine Acquisition Corp. (IQMD) to Liquidate on April 27
Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) today announced that because the company does not believe it will be able to consummate an initial business combination, it intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $11.22 based on the amount in trust as of April 24, 2023. ...READ MORE
AltEnergy Acquisition Corp. (AEAE) Postpones Extension Vote
AltEnergy Acquisition Corp. (Nasdaq: AEAE) announced this afternoon that it has postponed its April 27 special meeting to 12 pm ET on April 28.
At the special meeting, stockholders will be asked to vote on a proposal to extend the SPAC’s completion date from May 2, 2023, to May 2, 2024. ...READ MORE