Phoenix Biotech Acquisition Corp. (PBAX) to Combine with CERo Therapeutics in $112M Deal
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Hammerhead Energy Inc. (HHRS) Announces Results for Warrant Redemption Offer
Hammerhead Energy Inc. (NASDAQ: HHRS), which combined with Decarbonization Plus IV, has announced the results of its substantial issuer bid that expired at 5:00 p.m. ET on June 2.
Under the bid, HEI offered to purchase for cancellation up to 20 million of its warrants, representing approximately 70% of its total number of issued and outstanding warrants, to purchase Class A common shares at a purchase price of $1.00 per warrant. ...READ MORE
SPAC IPO Terms Tracker: June 2, 2023
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Trajectory Alpha Acquisition Corp. (TCOA) Sells Sponsor Shares
Trajectory Alpha Acquisition Corp. (NYSE:TCOA) announced this afternoon that it has entered into a purchase and contribution agreement with its sponsor and J. Streicher Holdings, LLC. As a result, the SPAC will undergo a change in management. ...READ MORE
The Latest Liquidations: June 2, 2023
Latest SPAC Liquidations: Sound Point I, Bullpen Parlay, and Zimmer Energy Transition
Sound Point Acquisition Corp I (SPCM) to Liquidate on June 4
Sound Point Acquisition Corp I, Ltd (NASDAQ: SPCM) announced today that it intends to liquidate and dissolve, effective as of June 4, 2023, and will redeem all of the outstanding Class A ordinary shares at an anticipated per-share redemption price of approximately $10.63. ...READ MORE
The Latest Non-Redemption Agreements: June 2, 2023
Latest Non-Redemption Agreements: GSR II Meteora Acquisition Corp.
GSR II Meteora Acquisition Corporation (GSRM) Adds Non-Redemption Agreement
On May 31, 2023, GSR II Meteora Acquisition Corp., (NASDAQ:GSRM), entered into certain non-redemption agreements with certain third parties in connection with the special meeting of stockholders. ...READ MORE
Athena Technology Acquisition Corp. II (ATEK) Postpones Extension Vote
Athena Technology Acquisition Corp. II (NYSE:ATEK) announced this afternoon that it is postponing its extension vote scheduled for June 12 until June 13.
Shareholders at the special meeting are to vote on a proposal to allow Athena Technology II to extend its transaction deadline on a monthly basis up to nine times from June 14, 2023, to March 14, 2024. ...READ MORE
Clover Leaf Capital Corp. (CLOE) to Combine with Kustom Entertainment in $222M Deal
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The Latest SPAC News and Rumors: June 2, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: UK SPAC Ashington Innovation announces it will IPO on London Stock Exchange and Cheche Technology releases new business intelligence platform
UK SPAC eyes £1.8m IPO in London
UK SPAC Ashington Innovation has announced today it will IPO on the main market of the London Stock Exchange. ...READ MORE
Seaport Global Acquisition II Corp. (SGII) to Combine with American Battery Materials (BLTH) in $225M Deal
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Blue Ocean Acquisition Corp (BOCN) Postpones Extension Vote
Blue Ocean (NASDAQ:OTEC) announced this morning that it is pushing its extension vote scheduled for 11 am ET today to 2 pm ET, June 6.
Shareholders at the special meeting are to vote on a proposal to allow Blue Ocean to automatically extend its transaction deadline up to 12 times in one-month increments from June 7 to June 7, 2024. ...READ MORE
The Latest Liquidations: June 1, 2023
Latest SPAC Liquidations: JAWS Hurricane
JAWS Hurricane Acquisition Corporation (HCNE) to Liquidate on June 16
JAWS Hurricane Acquisition Corporation (Nasdaq: HCNE) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. ...READ MORE
Jupiter Wellness Acquisition Corp. (JWAC) Completes Chijet Deal
Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced this afternoon that it has completed its combination with Chinese carmaker Chijet.
The deal was already approved by shareholders at a special meeting held on May 2, but at that time, the SPAC did not provide a timeline for the closing of the transaction. ...READ MORE
The Latest SPAC News and Rumors: June 1, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Lucid to raise $3B in a common stock offering from Saudi owners, Betsy Cohen says SPACs will make a comeback, and SatixFy makes another leadership change
Lucid Raising $3 Billion With More Money From Saudi Owners
Lucid Group Inc. ...READ MORE
Niron Stabinsky and Credit Suisse Team to Join Banco Santander SA
An article on Bloomberg yesterday announced what many in SPAC Land have been wondering after UBS acquired Credit Suisse – where was Niron Stabinsky, the Head of SPACs at Credit Suisse, going to land? ...READ MORE
The Latest SPAC News and Rumors: May 31, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: eureKING signs put option for the potential acquisition of Skyepharma and Pear Therapeutics sells for $6M in post-bankruptcy auction
eureKING, the first European SPAC in healthcare dedicated to biomanufacturing, announces the signature of a put option for the potential acquisition of Skyepharma to build a new European bio-CDMO leader
eureKING (ISIN: FR0014009ON9, Euronext Paris), the first European SPAC in healthcare dedicated to bioproduction, today announced that it has signed, on May 25, 2023, a put option agreement for 100% of the share capital of Oleron Pharma, the 100% holding company of Skyepharma. ...READ MORE
Pegasus Digital Mobility Acquisition Corp. (PGSS) to Combine with SCHMID GROUP in $640M Deal
Pegasus Digital (NYSE:PGSS) has entered into a definitive agreement to combine with equipment manufacturer SCHMID at an enterprise value of $640 million.
Freudenstadt, Germany-based SCHMID makes silicon and glass components for the solar energy industry and electronics, including substrates for the broader technology space. ...READ MORE
Minority Equality Opportunities Acquisition Inc. (MEOA) Further Postpones Completion Vote
Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is pushing back the date for its completion vote for its combination with cloud services firm Digerati (OTC:DTGI), marking the third postponement for the meeting. ...READ MORE
Wejo (WEJO) Files for Insolvency in UK
Vehicle data-tracker Wejo (NASDAQ:WEJO) announced in an 8-K this afternoon that it has filed its intention to appoint an administrator to oversee its insolvency and it is evaluating whether it will do so in the United States as well. ...READ MORE