Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Intuitive Machines, Inc.
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
The London Stock Exchange has seen several of its companies decamp for Wall Street and SPACs have become a new avenue for those companies to skip across the pond.
This week, we speak with Hervé Tessler, CEO of Noventiq (LSE:NVNQ) and Jerry Letter, CFO and COO of Corner Growth Acquisition Corp. ...READ MORE
As previously disclosed, Stratim Cloud Acquisition Corp. (NASDAQ:SCAQ) mutually terminated its deal with Force Pressure Control. ...READ MORE
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
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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 (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
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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.
Freedom I (NYSE:FACT) announced this morning that its shareholders approved its combination with Complete Solaria at a special meeting July 11.
The parties have not released redemption figures nor a timeline for the close, but investors representing 76.9% of shares voted in favor of the deal. ...READ MORE
Bowen Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BOWNU” Wednesday, July 12, 2023.
The company intends to seek companies with strong and experienced management teams that will complement the operating and investment abilities of its own management team. ...READ MORE
On July 10, KnightSwan Acquisition Corp. (NYSE:KNSW) and its sponsor entered into a non-redemption agreement with an unaffiliated third party. ...READ MORE
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
AltC (NYSE:ALCC) has entered into a definitive agreement to combine with fission technology firm Oklo at a pre-money equity value of $850 million.
Santa Clara, California-based Oklo is working to develop small-scale nuclear fission plants that could fit on just a two-acre footprint. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Executives at Japan’s Universal Entertainment Corp.
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
Compute Health Acquisition Corp (NYSE: CPUH), recently amended their completion proxy outlining some big changes to their warrants as part of the closing of their business combination with Allurion. Let’s unpack the details. ...READ MORE
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
Galata Acquisition Corp. (NASDAQ:GLTA) announced this afternoon that it has completed its business combination with e-mobility company Marti.
Shareholders gave their approval for the deal during a special meeting held on July 6, and the SPAC disclosed at that time that it anticipated on closing the deal today. ...READ MORE
Tastemaker Acquisition Corp. (NASDAQ:TMKR) announced in an 8-K this afternoon that adjourned its extension vote this morning and will reopen it at 3 pm ET July 11.
The SPAC has traded below its redemption rate $10.70 in recent weeks and last closed at $10.57. ...READ MORE