Desktop Metal (NYSE:DM), which combined with Trine Acquisition Corporation in December 2020, announced it was headed into a new combination this morning as it has agreed to be absorbed an all-stock merger with peer Stratasys that would value it at about $1.88 per share. ...READ MORE
Inflection Point Acquisition Corp II priced its upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPXXU” Thursday, May 25, 2023.
The Company intends to pursue a business combination with a North American or European business in disruptive growth sectors, which complements the expertise of its management team. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Carbon Revolution Limited, a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced the establishment of a $60 million debt financing arranged and insured by PIUS Limited LLC, a Gallagher company, and its affiliates. ...READ MORE
Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is postponing a vote to complete its combination with cloud services firm Digerati (OTC:DTGI) from 10 am ET today to the same time Friday, May 26. ...READ MORE
SPAC transactions have taken a variety of Electric Vehicle (EV) business models to the public markets.
ZeroNox brings another new approach to the EV story with its focus on retrofitting fleets of off-highway vehicles for sustainability. ...READ MORE
On May 22, Capitalworks Emerging Markets Acquisition Corp (NASDAQ:CMCA) and its sponsor, CEMAC Sponsor LP, entered into an additional non-redemption agreement with certain unaffiliated third party in exchange for the Holder agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to 399,737 Class A ordinary shares. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Makara Strategic Acquisition Corp. ...READ MORE
As many of you have noticed, de-SPACs (and SPACs) have been busy lately addressing their warrants. In fact, there are currently four De-SPACs with pending warrant exchange offers and two Announced SPACs that would like to amend their warrants to do an exchange. ...READ MORE
On May 22, GSR II Meteora Acquisition Corp. (NASDAQ:GSRM) entered into additional voting and non-redemption agreements with unaffiliated third parties in exchange for such Non-Redeeming Stockholders agreeing to either not redeem or to reverse any previously submitted redemption request with respect to an aggregate of 1,200,000 shares of the Company’s Class A common stock. ...READ MORE
Signal Hill Acquisition Corp. (NASDAQ: SGHL) announced today that it will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $10.43. ...READ MORE
Roth CH Acquisition IV (NASDAQ:ROCG) announced in an 8-K this afternoon that its shareholders approved its combination with renewable energy equipment-maker Tigo at a special meeting held on May 18.
At the meeting, holders of an aggregate of 4,814,516 shares of common stock were present, constituting a quorum for the transaction. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
An investor sued architects of the blank-check merger between online gambling company Super Group (NYSE:SGHC) Ltd.
Everest Consolidator Acquisition Corp. (NYSE:MNTN) has entered into a definitive agreement to combine with consumer debt servicer Unifund at an enterprise value of $238 million, or 4.5x its 2022 revenue.
Cincinnati-based Unifund acquires consumer debts from lenders and provides users means of paying them off over time. ...READ MORE
Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is postponing its special shareholder meeting from 10 am ET this morning to 2 pm ET tomorrow, May 23.
Shareholders at the meeting are to consider a proposal allowing the SPAC to extend its deadline three months from May 30 to August 30 in exchange for a $250,000 contribution to its trust. ...READ MORE
On May 18, 2023, Capitalworks Emerging Markets Acquisition Corp. (NASDAQ:CMCA) and the Company’s sponsor, CEMAC Sponsor LP, entered into additional non-redemption agreements with certain unaffiliated third parties in exchange for the Holder or Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to certain Class A ordinary shares. ...READ MORE
Beard Energy Transition (NYSE:BRD) has entered into a definitive agreement to combine with solar developer Suntuity at an enterprise value of $249 million.
Holmdel, New Jersey-based Suntuity installs residential solar projects in 25 states through both internal sales staff and channel partners. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
WeWork (NYSE:WE) CEO Sandeep Mathrani is stepping down effective May 26, the co-working space firm announced this week. ...READ MORE
