Cartica Acquisition Corp. (NASDAQ: CITE) announced this afternoon that it is rescheduling its special meeting from 1:00 p.m. on June 23, to the same time on June 30.
Shareholders will be voting on a proposal to extend the SPAC’s completion deadline from July 7, 2023 to April 7, 2024. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Vietnamese electric vehicle (EV) maker VinFast has reported a drop in first-quarter revenue by 49%, with a net loss deepening to $598 million in the first full reporting period since it started exporting to the United States.
Plum I (NASDAQ:PLMI) announced in an 8-K this morning that it was reversing its decision to liquidate on June 18, and will instead hunt for a target for at least one more month, extending its deadline to July 18. ...READ MORE
Global Star (NASDAQ:GLST) has entered into a definitive agreement to combine with entertainment firm K Enter, which is to merge with seven South Korean businesses for a total valuation of $610 million, or about 3.9x their 2022 revenue. ...READ MORE
Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) announced this morning that it has jointly terminated its combination with battery-maker WaveTech, citing market conditions.
The short press release gave few further details, but the parties were past the merger’s outside date since March 31. ...READ MORE
Metals Acquisition Corp. (NYSE:MTAL) announced this morning that it has completed its acquisition of the parent company for Glencore’s (LON:GLEN) CSA Copper Mine in Australia.
The combined company’s shares and warrants will begin trading today on the NYSE under the continued ticker symbols “MTAL” and “MTAL.W”, ...READ MORE
On June 14, Plum (NASDAQ:PLMI) received a termination notice from its target Sakuu. In light of the termination of the Business Combination Agreement, Plum’s Board of Directors determined that it will not extend the deadline for Plum to consummate a business combination beyond June 18. ...READ MORE
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this afternoon that it will adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time on June 21, marking the fourth adjournment for the meeting. ...READ MORE
7GC & Co. Holdings Inc. (NASDAQ: VII) announced this afternoon that its special meeting, which was originally scheduled for June 20, will be postponed to 12:00 p.m. ET on June 26.
The company is currently facing a completion deadline of June 28 as it works to close a deal, but intends to extend this until December 28, or such earlier date as determined by the board of directors. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Freedom I (NYSE:FACT) announced this morning that it has lowered the pre-money equity valuation by half for its target Complete Solaria while bringing in $10 million more in commitments to its bridge financing. ...READ MORE
Tristar Acquisition I Corp. (NYSE:TRIS) announced in an 8-K this afternoon that it has terminated its non-binding letter of intent (LOI) with its unnamed target.
The LOI was announced just a few months ago in March, but by having this signed agreement in hand, it allowed the SPAC to automatically extend its transaction deadline by three months from April 18 to July 18. ...READ MORE
Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) announced in an 8-K that it has received a termination notice from biotech firm AUM Biosciences.
The SPAC did not disclose a reason for the breakup, but saw redemptions wipe out 92.33% of its trust during a May extension meeting, leaving it with $5.49 million post-vote. ...READ MORE
Coliseum Acquisition Corp. (NASDAQ: MITA) announced this afternoon that it intends to adjourn its special meeting, originally scheduled to be held on June 20, until June 22 due to a change in its extension proposal. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
ESH Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ESHAU” Wednesday, June 14, 2023.
The company intends to focus its search on businesses that are focused on the global entertainment, sports, and hospitality sectors. ...READ MORE
Malacca Straights (NASDAQ:MLAC) announced today that it has mutually terminated its merger agreement with Indiev, effective as of June 8. ...READ MORE
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this afternoon that it will adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time on June 15, marking the third adjournment for the meeting. ...READ MORE