Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Blank-check firm Schultze Special Purpose Acquisition Corp. ...READ MORE
Prime Impact I (NYSE:PIAI) announced in an 8-K this morning that it has postponed its upcoming extension vote slated for today to noon ET March 8.
Shareholders now have until 5 pm ET March 6 to make their redemption decisions and as of the last deadline, 2,725,066 shares had been tendered for redemption. ...READ MORE
Atlantic Coastal (NASDAQ:ACAH) announced in an 8-K this morning that it inked new non-redemption agreements with investors as it secured an extension of its transaction deadline at a special meeting yesterday. ...READ MORE
SPACInsider contributors Anthony Sozzi and Nic Narang this week compiled their three favorite potential SPAC targets among potential targets in the defense sector. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Build Acquisition Corp. (NYSE:BGSX) today announced that it will redeem all of its outstanding common stock that was included in the units issued in its initial public offering, effective as of the close of business on March 17, 2023, as the company will not consummate an initial business combination on or prior to March 19, 2023. ...READ MORE
Northern Star Investment Corp. III (NYSE:NSTC) and Northern Star Investment Corp. IV (NYSE:NSTD) announced in 8-K filings this afternoon that they have each secured additional non-redemption agreements as they work to extend their transaction deadlines. ...READ MORE
Jaguar Global (NASDAQ:JGGC) has entered into a definitive agreement to combine with smart glass manufacturer GLAAM at an enterprise value of $309 million, or 14.7x its 2022 revenue.
Seoul-based GLAAM manufactures glass that doubles as a display for building exteriors to be used as space for marketing or other media. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A Delaware court recently issued a significant opinion in a directors and officers liability claim involving a special purpose acquisition company. ...READ MORE
Insight Acquisition Corp. (NYSE:INAQ) announced in an 8-K this morning that it postponed its extension vote today and will reconvene the special meeting at 10:00 a.m. ET on March 6.
The SPAC intends to use this additional to engage with its stockholders.
Metals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this morning that it has secured financing for its combination with Glencore’s (LON:GLEN) CSA Copper Mine that roughly follows amended terms it announced in November. ...READ MORE
BurTech Acquisition Corp. (NASDAQ:BRKH) announced in an 8-K this morning that it has entered into non-redemption agreements with one or more investors covering up to 4,000,000 shares.
Its shareholders are heading to a vote at 11:30 am March 10 where they will consider extending the SPAC’s transaction deadline from March 15 to December 15. ...READ MORE
Tristar Acquisition I Corp. (NYSE:TRIS) announced in an 8-K this morning that it has entered into a non-binding letter of intent (LOI) to combine with an unnamed target company.
As per the terms of its prospectus, Tristar I may now automatically extend its transaction deadline by three months from April 18 to July 18 by dint of having the LOI in hand. ...READ MORE
Lead Edge Growth Opportunities, Ltd. (Nasdaq: LEGA) a special purpose acquisition company, today announced that it will commence the redemption of all of its outstanding Class A ordinary shares, effective as of the close of business on March 15, 2023. ...READ MORE
Lionheart III (NASDAQ:LION) announced this afternoon that it has secured a Standby Equity Purchase Agreement with YA II, managed by Yorkville Advisors Global, in connection to its previously approved deal with advanced materials company Security Matters. ...READ MORE
SPACs head into spring with a relatively short list of SPAC sponsors and de-SPAC’d companies reaching the end of their post-deal lock-ups. It is a highly international crop, however, with three of the seven companies newly freed to trade operating out of Asia. ...READ MORE
Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends to terminate their proposed merger, just a few months after their deal announcement.
On February 23, 2023, the company notified Sagaliam that since the SPAC did not receive subscription agreement commitments before December 15, 2022, it has chosen to terminate the merger. ...READ MORE
Altimar Acquisition Corp. III (NYSE:ATAQ) announced in an 8-K this afternoon that it adjourned its extension vote today without concluding any business and will reconvene the special meeting at 12:30 pm ET March 3. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Westrock Coffee Company (Nasdaq: WEST), a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider to the retail, foodservice and restaurant, convenience store and travel center, non-commercial, CPG, and hospitality industries, announced today the Company has acquired Bixby Roasting Co., ...READ MORE
