The Latest SPAC News and Rumors: June 13, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: VAM SPAC to take Supermoney public, SPAC listings gain momentum in Korea, and Starton Therapeutics receives authorization from FDA
Former Bulgari chief’s SPAC agrees deal for comparison site Supermoney
Supermoney and Dutch special purpose acquisition company VAM SPAC have signed a binding accord aimed at taking the online price comparison provider public, the companies said on Monday. ...READ MORE
Prospector Capital Corp. (PRSR) to Combine with LeddarTech in $348M Deal
Prospector Capital (NASDAQ:PRSR) has entered into a definitive agreement to combine with autonomous driving technology firm LeddarTech at an equity value of $348 million.
Québec City-based LeddarTech is developing a software suite to help vehicles process information from sensors for autonomous and assisted driving platforms. ...READ MORE
LF Capital Acquisition Corp. II (LFAC) Postpones Extension Vote
LF Capital Acquisition Corp. II (NASDAQ: LFAC) announced this morning that it is postponing its extension meeting from 11 a.m. on June 13 until 5 p.m. on June 26.
In connection with the postponement, LF II also revised its proxy statement which would allow the company to extend its completion date from August 19 to November 19 by increasing the number of one-month extensions from six to nine extensions by depositing the lesser of $200,000 or $0.03 per share of Class A common stock per extension. ...READ MORE
The Latest Non-Redemption Agreements: June 12, 2023
Latest Non-Redemption Agreements: Acropolis Infrastructure
Acropolis Infrastructure Acquisition Corp. (ACRO) Adds Non-Redemption Agreement
On June 9 and June 12, 2023, Acropolis Infrastructure Acquisition Sponsor, L.P., the sponsor of Acropolis Infrastructure Acquisition Corp. ...READ MORE
The Latest Liquidations: June 12, 2023
Latest SPAC Liquidations: G Squared Ascend II
G Squared Ascend II Inc. (GSQB) to Liquidate on June 16
G Squared Ascend II Inc. (NYSE: GSQB) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on June 16, 2023. ...READ MORE
Metals Acquisition Corp. (MTAL) Executes $52M PIPE for CSA Copper Mine Deal
Metals Acquisition Corp. (NYSE:MTAL) has executed further funding for its PIPE in connection to its business combination with Glencore’s (LON:GLEN) CSA Copper Mine, announcing this afternoon that it has secured $52 million in committed financing. ...READ MORE
Swiftmerge Acquisition Corp. (IVCP) Adjourns Extension Vote
Swiftmerge Acquisition Corp. (NASDAQ: IVCP) announced this afternoon that it has adjourned today’s meeting until Thursday, June 15, at 3:00 p.m.
The SPAC’s Chairman determined to postpone the meeting in order to allow for additional voting on the extension proposal which would extend Swiftmerge’s timeline from June 17, 2023 to March 15, 2024. ...READ MORE
CF Acquisition Corp. VII (CFFS) Postpones Extension Vote
CF Acquisition Corp. VII (NASDAQ: CFFS) announced this afternoon that it is postponing its extension meeting, originally scheduled for June 14, until 10 a.m. ET on June 16.
In connection with the postponed meeting, CFFS has also extended the redemption deadline to 5 p.m. ...READ MORE
Inception Growth (IGTA) Signs LOI With AgileAlgo
Inception Growth Acquisition Limited (NASDAQ: IGTA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with AI company AgileAlgo.
Singapore-based AgileAlgo is a maker of enterprise-grade natural language code generator for machine-learning and data management platforms. ...READ MORE
The Latest SPAC News and Rumors: June 12, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: VW, Glencore back $1B SPAC mine deal, Lordstown Motors to sue Foxconn, and Circle to move forward with IPO
VW, Glencore Back $1 Billion SPAC Mine Deal to Secure EV Metals
Russian metal industry veteran Artem Volynets’ blank check firm agreed to acquire two Brazilian mines for $1 billion including debt in a bid to tap demand from electric-vehicle makers. ...READ MORE
Minority Equality Opportunities Acquisition Inc. (MEOA) Pushes Completion Vote to June 30
Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it postponing its special meeting to complete its combination with cloud services firm Digerati (OTC:DTGI) for a fifth time, now to June 30. ...READ MORE
Pearl Holdings Acquisition Corp (PRLH) Announces LOI
Pearl Holdings (NASDAQ:PRLH) announced in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with a target, but included no other details on the company. ...READ MORE
Ares Acquisition Corporation (AAC) Tweaks X-energy Deal
Ares Acquisition Corporation (NYSE:AAC) has dropped its pre-money valuation of its target company X-energy about -14.2% as a part of a deal revision announced this morning.
The parties noted they believe that bringing down X-energy’s price tag from $2.1 billion to $1.8 billion will provide a more attractive entry point for investors and provide a better opportunity for long-term value creation. ...READ MORE
Artemis Strategic Investment Corporation (ARTE) Terminates Novibet Deal
Artemis Strategic Investment Corp. (NASDAQ:ARTE) announced in an 8-K that it has terminated its combination with British online gambling platform Novibet.
The SPAC did not disclose reasons for the breakup, but the deal was well past its December 30, 2022 outside date. ...READ MORE
SPAC IPO Terms Tracker: June 9, 2023
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The Latest SPAC News and Rumors: June 9, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC rises in wake of Trump’s indictment, Senator Kennedy introduces SPAC Act to protect investors, and Abacus Life appoints new managing director
DWAC rises in wake of Donald Trump’s indictment
Shares of Digital World Acquisition Corp. ...READ MORE
Priveterra Acquisition Corporation (PMGM) to Adjourn Completion Vote Second Time to June 13
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to once again adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 13. ...READ MORE
The Latest Liquidations: June 8, 2023
Latest SPAC Liquidations: JAWS Juggernaut Acquisition Corp., Talon 1 Acquisition Corp.
JAWS Juggernaut Acquisition Corporation (JUGG) to Liquidate on June 22
JAWS Juggernaut Acquisition Corporation (Nasdaq: JUGG) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. ...READ MORE
Rice Acquisition Corp. II (RONI) Completes NET Power Deal
Rice II (NYSE: RONI) announced today that it has completed its combination with energy technology company NET Power.
The deal was originally approved by shareholders at a special meeting yesterday with relatively low redemptions. A ...READ MORE