The Latest SPAC News and Rumors: May 4, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Newsight Imaging and Brightlaser awarded grant to develop next generation 3D home and industrial security LiDAR
Newsight Imaging and Brightlaser Awarded Collaboration Grant to Develop Next Generation 3D Home and Industrial Security LIDAR
Newsight Imaging Ltd., ...READ MORE
Corner Growth Acquisition Corp. (COOL) to Combine with Noventiq in $800M Deal
Corner Growth Acquisition Corp. (NASDAQ:COOL) has entered into a definitive agreement to combine with software firm Noventiq (LSE:NVIQ) at an enterprise value of $800 million, or 0.4x its FY2021 revenue.
The London-based company helps companies lead internal digital transformations to drive efficiencies in their IT, cloud storage and cybersecurity systems. ...READ MORE
VMG Consumer Acquisition Corp. (VMGA) Cancels Extension Vote, Announces Liquidation
VMG Consumer Acquisition Corp. (Nasdaq:VMGA) announced this afternoon that it has decided to cancel its extension vote tomorrow and will instead liquidate its trust.
At the meeting, the SPAC intended to seek shareholder approval of a proposal to extend its timeline from May 15 to November 15. ...READ MORE
The Latest Liquidations: May 3, 2023
Latest SPAC Liquidations: Kimbell Tiger
Kimbell Tiger Acquisition Corp. (TGR) to Liquidate on May 8
Kimbell Tiger Acquisition Corporation (NYSE: TGR), today announced that it will redeem all of its outstanding shares of Class A Common Stock and the 2,500 shares of Class A common stock forming part of the sponsor shares, effective as of the close of business on May 22, 2023. ...READ MORE
The Latest Non-Redemption Agreements: May 3, 2023
Latest Non-Redemption Agreements: 10X Capital Venture Acquisition Corp. II, New Providence Acquisition Corp. II, Roth CH Acquisition V Co., and Apollo Strategic Growth Capital II
10X Capital Venture Acquisition Corp. II (VCXA) Adds Non-Redemption Agreement
On May 2, 2023, certain investors of 10X II entered into non-redemption agreements with 10X II (NASDAQ:VCXA) and 10X Capital SPAC Sponsor II LLC. ...READ MORE
Finnovate Acquisition Corp. (FNVT) Sells Founder Shares
Finnovate Acquisition Corp. (NASDAQ:FNVT) announced this afternoon that it has entered into an investment agreement with its sponsor and an investor, Sunorange Limited, to sell a portion of its founder shares. ...READ MORE
The Latest SPAC News and Rumors: May 3, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bridgetown Holdings nears merger with Hyphen, Bhutan’s investment arm and Bitdeer plan a $500M fund for crypto mining, and Ares’s $500M SPAC marks return of jumbo blank-check firms
Billionaire-Thiel Backed SPAC Is Said to Near Merger With Hyphen
Bridgetown Holdings Ltd. ...READ MORE
BioPlus Acquisition Corp. (BIOS) to Combine with Avertix Medical in $195M Deal
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OceanTech Acquisitions I Corp. (OTEC) to Combine with Regentis Biomaterials in $95M Deal
OceanTech I (NASDAQA:OTEC) has entered into a definitive agreement to combine with regenerative medicine company Regentis at a $95 million valuation.
Or-Akiva, Israel-based Regentis has been working to commercialize its GelrinC orthopedic therapy to repair cartilage damage in knees and has already received a CE mark in Europe as a medical device. ...READ MORE
The Latest Liquidations: May 2, 2023
Latest SPAC Liquidations: Green Visor Financial Technology Acquisition Corp. I
Green Visor Financial Technology Acquisition Corp. I (GVCI) to Liquidate on May 12
Green Visor Financial Technology Acquisition Corp. I (NASDAQ:GVCI) today announced that it will redeem all of its outstanding Class A ordinary shares, on or about May 12. ...READ MORE
Jupiter Wellness Acquisition Corp. (JWAC) Shareholders Approve Chijet Deal
Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced in an 8-K that its shareholders approved its combination with Chinese carmaker Chijet at a special meeting held earlier today.
The meeting was originally scheduled to be held on April 20, but Jupiter Wellness adjourned it to today. ...READ MORE
Compute Health Acquisition Corp. (CPUH) Tweaks Allurion Deal
Compute Health (NYSE:CPUH) announced in an 8-K this morning that it has made a number of amendments to its business combination with Allurion, shifting its financing arrangements.
The bulk of the new financing changes affect the $16.75 million in convertible bridge notes that Allurion issued in February with Hunter Ventures Limited taking on $13 million of these. ...READ MORE
Golden Star Acquisition Corporation (GODNU) Prices $60M IPO
Golden Star Acquisition Corporation priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GODNU” Tuesday, May 2, 2023.
The SPAC intends to acquire one or more growth businesses that are strategically significant to the Asian markets with a total enterprise value of between $300 million and $400 million. ...READ MORE
The Latest Liquidations: May 1, 2023
Latest SPAC Liquidations: Parabellum Acquisition Corp. and Orion Biotech Opportunities Corp.
Parabellum Acquisition Corp. (PRBM) to Liquidate
Parabellum Acquisition Corp. (OTC:PRBM) announced today that the business combination with EnOcean GmbH, EnOcean Holdings B.V., ...READ MORE
The Latest Non-Redemption Agreements: May 1, 2023
Latest Non-Redemption Agreements: PowerUp, TG Venture, and Jupiter Wellness
PowerUp Acquisition Corp. (PWUP) Adds Non-Redemption Agreement
On April 27, 2023, PowerUp Sponsor LLC, the sponsor of PowerUp Acquisition Corp. ...READ MORE
The Latest SPAC News and Rumors: May 1, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SRIVARU announces the launch of Prana 2.0 intelligent battery system
SRIVARU Announces Launch of Prana 2.0 Intelligent Battery System
SRIVARU, a commercial-stage provider of premium electric motorcycles, today announced the launch of SRIVARU’s Prana 2.0 intelligent battery system. ...READ MORE
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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