Tech and Energy Transition Corp. (TETC) Shareholders Vote Against Extension, Forced to Liquidate

Mar 17, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Tech and Energy Transition Corp. (NASDAQ: TETC) announced this afternoon that its shareholders have voted against a proposal to extend the SPAC’s timeline to complete a business combination.

Holders of 38,069,946 shares of TETC’s common stock, comprised of 28,495,396 shares of Class A common stock, and 9,575,000 shares of Class B common stock, were present at yesterday’s special meeting, representing approximately 79.11% of the voting power of issued and outstanding shares. ...READ MORE

Direct Selling Acquisition Corp. (DSAQ) Adjourns Extension Vote, Signs LOI

Mar 17, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Direct Selling Acquisition Corp. (NYSE: DSAQ) announced this morning that it intends to adjourn its extension vote, originally scheduled to be held on March 22, and will reconvene on March 24 at 11:00 a.m. ...READ MORE

The Latest SPAC News and Rumors: March 17, 2023

Mar 17, 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: Saudi Arabia explores setting up framework for SPAC listings, and Boxed considers filing for bankruptcy

Saudi Arabia Explores Setting Up Framework for SPAC Listings

Saudi Arabia’s market regulator is looking into setting up a legal framework to allow special-purpose acquisition companies to list in the kingdom. ...READ MORE

Blockchain Moon Acquisition Corp. (BMAQ) Reverses Decision to Liquidate

Mar 16, 2023 Headline Post, INTEL by Marlena Haddad

After announcing its intent to liquidate yesterday, Blockchain Moon Acquisition Corp.(NASDAQ:BMAQ) disclosed this afternoon that it no longer plans to dissolve its trust and will instead continue its search for an alternative target to combine with. ...READ MORE

Four Leaf Acquisition Corporation (FORL) Prices Downsized $52M IPO

Mar 16, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

Four Leaf Acquisition Corp. priced its downsized $52 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FORL” Friday, March 17, 2023.

The SPAC intends to pursue an acquisition of a company focused on the Internet of Things (“IoT”) and adjacent technologies that target the IoT market such as devices, components, software, and communication protocols. Four ...READ MORE

JATT Acquisition Corp. (JATT) Shareholders Approve Zura Bio Deal

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

JATT Acquisition Corp. (NYSE: JATT) announced this afternoon that its shareholders have approved its combination with clinical-stage biotechnology company Zura Bio.

A total of 4,907,863 ordinary shares, or 95.5% of JATT’s issued and outstanding ordinary shares, were present at today’s special meeting. ...READ MORE

The Latest SPAC News and Rumors: March 16, 2023

Mar 16, 2023 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: Energy storage stockholders sue SPAC board alleging deceit, Virgin Orbit stock falls on operations pause, and tax surprises surface for SPACs

Energy Storage Stockholders Sue SPAC Board Alleging Deceit

Stockholders for an energy storage company sued their firm’s board of directors alleging they misled investors when bringing their corporation public through a SPAC merger. ...READ MORE

GX Acquisition Corp. II (GXII) Shareholders Approve NioCorp Deal

Mar 16, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

GX Acquisition Corp. II (OTC:GXII) announced this morning that its shareholders have approved its combination with rare earth mineral miner NioCorp (TSX:NB) and the parties expect to close the transaction on March 17. ...READ MORE

The Latest Liquidations: March 15, 2023

Mar 15, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Blockchain Moon

Blockchain Moon Acquisition Corp. (BMAQ) to Liquidate

Blockchain Moon Acquisition Corp. (NASDAQ:BMAQ) announced this afternoon that it has terminated its deal with Web 3.0 infrastructure builder DLTx ASA (OSX:DLTX) and will liquidate its trust. ...READ MORE

Blockchain Moon Acquisition Corp. (BMAQ) Terminates DLTx Deal, Intends to Liquidate

Mar 15, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Blockchain Moon Acquisition Corp.(NASDAQ:BMAQ) announced this afternoon that it has unilaterally terminated its deal with Web 3.0 infrastructure builder DLTx ASA (OSX:DLTX).

As a result of the termination, the SPAC’s sponsor, Jupiter Sponsor LLC, disclosed that it will not contribute any additional funds to its trust account. ...READ MORE

The Latest SPAC News and Rumors: March 15, 2023

Mar 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: Trump’s Truth Social cuts staff, Redbox expects boost in business, and Arrival raises $300M

Donald Trump’s Truth Social Cuts Staff as SPAC Languishes

The company behind former President Donald Trump’s Truth Social has trimmed staff while awaiting regulatory approval for a merger that offers a financial lifeline, according to two people with knowledge of the matter. ...READ MORE

Metals Acquisition Corp. (MTAL) Adds Financing for Glencore CSA Copper Mine

Mar 15, 2023 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Metals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this morning that it has secured a $135 million mezzanine facility and $15 million PIPE investment to support its combination with Glencore’s (LON:GLEN) CSA Copper Mine. ...READ MORE

Podcast: Tim Sheehy, Founder and CEO of Bridger Aerospace

Mar 15, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

For better or worse, fighting fires is big business. This week, we speak with Tim Sheehy, Founder and CEO of Bridger Aerospace (NASDAQ:BAER).

Bridger operates a fleet of firefighting airplanes and support vehicles in the Western United States and it closed a combination with Jack Creek Investment Corporation on January 25^th. ...READ MORE

KINS Technology Group (KINZ) Closes Inpixon Deal

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

KINS Technology Group Inc. (NASDAQ:KINZ) announced it has closed its combination with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application.

The merger was originally approved by shareholders at a meeting held on March 10, but at that time, the SPAC did not provide a timeline for the closing of the deal. The ...READ MORE

The Latest Liquidations: March 14, 2023

Mar 14, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Rocket Internet Growth Opportunities, Silver Spike II, and Corazon Capital

Rocket Internet Growth Opportunities Corp. (RKTA) to Liquidate on March 24

Rocket Internet Growth Opportunities Corp. (NYSE:RKTA) a special purpose acquisition company, announced today that it intends to redeem all of the outstanding Class A ordinary shares at a per-share redemption price of approximately $10.22, and thereafter will dissolve and liquidate. ...READ MORE

Globalink Investment Inc. (GLLI) Terminates Tomorrow Crypto Group Deal

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

Globalink (NASDAQ:GLLI) announced this afternoon that it has terminated its deal with Tomorrow Crypto Group Inc.

The SPAC did not provide further details on the termination and it remains unclear if the breakup was mutual, but Globalink confirmed that it intends to continue its search for an alternative target to combine with. ...READ MORE

Alpine (REVE) Further Adjourns Completion Vote

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

Alpine (NYSE:REVE) announced this afternoon that it has further adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus.

The SPAC originally intended to hold its special meeting on February 24, but has adjourned it three times since then. ...READ MORE

Summit Healthcare (SMIH) Shareholders Approve YS Biopharma Deal

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

Summit Healthcare (NASDAQ:SMIH) announced that its shareholders have approved its combination with drug-maker YS Biopharma at a special meeting held earlier today.

The SPAC did not disclose redemption figures, but noted that the transaction is expected to deliver approximately $36 million in gross proceeds, which are expected to be used for the clinical development and future commercialization of the company’s vaccines. ...READ MORE

HCM Acquisition Corp (HCMA) to Combine with Murano in $810M Deal

Mar 14, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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The Latest SPAC News and Rumors: March 14, 2023

Mar 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: Investor sues over $16B United Wholesale Mortgage deal, and Freightos widens loss after listing on Nasdaq

SPAC Investor Sues Over ‘Abysmal’ $16B Mortgage Biz Merger

A special purpose acquisition company’s investor says in Delaware Chancery Court that the SPAC’s managers misled shareholders about a $16 billion merger with United Wholesale Mortgage (NYSE:UWMC) so that they could reap a return from what turned out to be an ‘abysmal’ deal. ...READ MORE