Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Blue Owl Capital Inc.
With lithium supply for EVs and other batteries tight and much of it coming with geopolitical baggage, one new SPAC deal is looking to put forward a lithium stock with less baggage. ...READ MORE
First Light (FLAG) announced this morning that it has secured $25 million in additional funding for its combination with clinical-stage drug developer Calidi Biotherapeutics.
The investment is to be led by Jackson Investment Group, which has put forward $5 million as the first stage of a Series B. ...READ MORE
Tastemaker Acquisition Corp. (NASDAQ:TMKR) announced this afternoon that it has terminated its combination with jewelry distributor Quality Gold.
The parties noted that they decided to nix the deal due to market conditions that would be challenging to navigate. ...READ MORE
Forum Merger IV Corporation (Nasdaq: FMIV) today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock, effective as of June 22. ...READ MORE
Minority Equality Opportunities (NASDAQ:MEOA) announced this afternoon that it has terminated its combination with cloud services firm Digerati (OTCQB:DTGI).
The 8-K gave few further details, but the SPAC had postponed its completion vote five times as it worked on a means of keeping more shares active in the company and allowing it to maintain listing standards. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A London-listed vehicle advised by Amber Rudd, the former home secretary, is in talks to merge with a portfolio of carbon capture and storage (CCS) projects part-owned by Eni, the Italian energy giant.
FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) announced that on March 16, it signed a non-binding letter of intent (LOI) to combine with an unnamed target.
With a completion deadline of June 20, FTAC Emerald was set to expire, but now that it has announced a signed LOI in hand, the company will receive an automatic extension of three months, giving it a new deadline of September 20. ...READ MORE
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced this afternoon that its special meeting, intended to approve its combination with AEON Biopharma, has been adjourned for the fifth time.
Initially scheduled for noon today, the meeting has now been rescheduled for the same time on June 26. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The Securities and Exchange Commission today charged audit firm Marcum LLP with systemic quality control failures and violations of audit standards in connection with audit work for hundreds of SPAC clients beginning at the latest in 2020.
On June 16, Cartica Acquisition Corp. (NASDAQ:CITE) entered into certain non-redemption agreements with unaffiliated institutional investors in exchange for the Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 700,000 Class A ordinary shares. ...READ MORE
Frontier Investment Corp. (NASDAQ: FICV) announced this afternoon that it has once again decided to adjourn its special meeting.
Initially planned for June 16, the extension meeting was adjourned by Frontier Investment’s chairman until June 22, but is now being further delayed until June 29 at 9:00 a.m. ...READ MORE
ROC Energy Acquisition Corp. (NASDAQ:ROC) announced this afternoon that it has completed its business combination with oilfield services company Drilling Tools International (“DTI”).
The transaction generated $25.9 million of cash from a common stock PIPE and $1.7 million of cash from ROC’s trust account, considering redemptions. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Fifth Wall Acquisition Corp. III (NASDAQ:FWAC) announced this afternoon that it has amended its sponsor agreement and subscription agreement in connection to its proposed merger with parking asset owner Mobile Infrastructure. ...READ MORE
Corner Growth Acquisition Corp. (NASDAQ: COOL) announced this afternoon that it convened and then determined to adjourn its special meeting until June 20.
At the meeting, a sufficient number of COOL’s ordinary shares were present to constitute a quorum. ...READ MORE
