The Latest Non-Redemption Agreements: June 16, 2023

Jun 16, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: 7GC & Co. Holdings Inc.

7GC & Co. Holdings Inc. (VII) Adds Non-Redemption Agreement

On June 16, 2023, 7GC & Co. Holdings Inc. (NASDAQ:VII) and the Company’s sponsor entered into a non-redemption agreement with an 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 an aggregate of 247,000 shares of Class A common stock. ...READ MORE

Cartica Acquisition Corp. (CITE) Reschedules Extension Vote

Jun 16, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Cartica Acquisition Corp. (NASDAQ: CITE) announced this afternoon that it is rescheduling its special meeting from 1:00 p.m. on June 23, to the same time on June 30.

Shareholders will be voting on a proposal to extend the SPAC’s completion deadline from July 7, 2023 to April 7, 2024. ...READ MORE

The Latest SPAC News and Rumors: June 16, 2023

Jun 16, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: VinFast posts deeper loss in Q1, LanzaJet and LanzaTech selected by Air New Zealand to undertake sustainability study, and Abacus Life continues to expand market share

VinFast posts deeper loss in Q1, eyes July completion of SPAC merger

Vietnamese electric vehicle (EV) maker VinFast has reported a drop in first-quarter revenue by 49%, with a net loss deepening to $598 million in the first full reporting period since it started exporting to the United States.

AP Acquisition Corp. (APCA) to Combine with JEPLAN in $480M Deal

Jun 16, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

To access this post, you must purchase 1 - User: Monthly Plan.

Plum Acquisition Corp. I (PLMI) Hops Back in the Saddle

Jun 16, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Plum I (NASDAQ:PLMI) announced in an 8-K this morning that it was reversing its decision to liquidate on June 18, and will instead hunt for a target for at least one more month, extending its deadline to July 18. ...READ MORE

Global Star Acquisition Inc. (GLST) to Combine with K Enter in $610M Deal

Jun 16, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Global Star (NASDAQ:GLST) has entered into a definitive agreement to combine with entertainment firm K Enter, which is to merge with seven South Korean businesses for a total valuation of $610 million, or about 3.9x their 2022 revenue. ...READ MORE

Welsbach Technology Metals Acquisition Corp. (WTMA) Terminates WaveTech Deal

Jun 16, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) announced this morning that it has jointly terminated its combination with battery-maker WaveTech, citing market conditions.

The short press release gave few further details, but the parties were past the merger’s outside date since March 31. ...READ MORE

Metals Acquisition Corp. (MTAL) Completes CSA Copper Mine Acquisition

Jun 16, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Metals Acquisition Corp. (NYSE:MTAL) announced this morning that it has completed its acquisition of the parent company for Glencore’s (LON:GLEN) CSA Copper Mine in Australia.

The combined company’s shares and warrants will begin trading today on the NYSE under the continued ticker symbols “MTAL” and “MTAL.W”, ...READ MORE

The Latest Liquidations: June 15, 2023

Jun 15, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Plum Acquisition I

Plum Acquisition I (PLMI) Terminates Deal, Intends to Liquidate

On June 14, Plum (NASDAQ:PLMI) received a termination notice from its target Sakuu. In light of the termination of the Business Combination Agreement, Plum’s Board of Directors determined that it will not extend the deadline for Plum to consummate a business combination beyond June 18. ...READ MORE

Priveterra Acquisition Corporation (PMGM) Adjourns Completion Vote Fourth Time

Jun 15, 2023 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this afternoon that it will adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time on June 21, marking the fourth adjournment for the meeting. ...READ MORE

7GC & Co. Holdings Inc. (VII) Postpones Extension Vote

Jun 15, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

7GC & Co. Holdings Inc. (NASDAQ: VII) announced this afternoon that its special meeting, which was originally scheduled for June 20, will be postponed to 12:00 p.m. ET on June 26.

The company is currently facing a completion deadline of June 28 as it works to close a deal, but intends to extend this until December 28, or such earlier date as determined by the board of directors. ...READ MORE

Canna-Global Acquisition Corp. (CNGL) to Combine with New Quantum in $800M Deal

Jun 15, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

To access this post, you must purchase 1 - User: Monthly Plan.

The Latest SPAC News and Rumors: June 15, 2023

Jun 15, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: SEC publishes rulemaking agenda, American Battery Materials expands board and strategic relationships, and Tomorrow.io

Freedom Acquisition 1 Corp. (FACT) Lowers Complete Solaria Valuation, Adds Funding

Jun 15, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Freedom I (NYSE:FACT) announced this morning that it has lowered the pre-money equity valuation by half for its target Complete Solaria while bringing in $10 million more in commitments to its bridge financing. ...READ MORE

Tristar Acquisition I Corp. (TRIS) Terminates LOI

Jun 14, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Tristar Acquisition I Corp. (NYSE:TRIS) announced in an 8-K this afternoon that it has terminated its non-binding letter of intent (LOI) with its unnamed target.

The LOI was announced just a few months ago in March, but by having this signed agreement in hand, it allowed the SPAC to automatically extend its transaction deadline by three months from April 18 to July 18. ...READ MORE

Mountain Crest Acquisition Corp. V (MCAG) Terminates AUM Biosciences Deal

Jun 14, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) announced in an 8-K that it has received a termination notice from biotech firm AUM Biosciences.

The SPAC did not disclose a reason for the breakup, but saw redemptions wipe out 92.33% of its trust during a May extension meeting, leaving it with $5.49 million post-vote. ...READ MORE

Coliseum Acquisition Corp. (MITA) Adjourns Extension Vote

Jun 14, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Coliseum Acquisition Corp. (NASDAQ: MITA) announced this afternoon that it intends to adjourn its special meeting, originally scheduled to be held on June 20, until June 22 due to a change in its extension proposal. ...READ MORE

The Latest SPAC News and Rumors: June 14, 2023

Jun 14, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: SMX reports rapid growth in client adoption of its proprietary technology and Jet.AI

ESH Acquisition Corp. (ESHA) Prices $100M IPO

Jun 13, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

ESH Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ESHAU” Wednesday, June 14, 2023.

The company intends to focus its search on businesses that are focused on the global entertainment, sports, and hospitality sectors. ...READ MORE

The Latest Liquidations: June 13, 2023

Jun 13, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Malacca Straights

Malacca Straits Acquisition Company (MLAC) Terminates Deal, Intends to Liquidate on June 16

Malacca Straights (NASDAQ:MLAC) announced today that it has mutually terminated its merger agreement with Indiev, effective as of June 8. ...READ MORE