The Latest SPAC News and Rumors: May 12, 2023

May 12, 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: The Board of the International Organization of Securities Commissions publishes a report to help its members enhance SPAC regulations

IOSCO publishes a report to help its members enhance SPAC regulations

The Board of the International Organization of Securities Commissions (IOSCO), has published a final report on Special Purpose Acquisition Companies (SPACs), which aims to help its members review or improve their approach to these companies. ...READ MORE

RMG III (RMGC) Intends to Do a Warrant Conversion

May 12, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Kristi Marvin

Warrant Conversion

Yesterday evening, RMG Acquisition Corp. III (RMGC) filed their documents in regards to their announced combination with H2B2 Electrolysis Technologies, Inc., but also included was that they intend to do a warrant conversion for shares for both the public and private warrants. ...READ MORE

EG Acquisition Corp. (EGGF) Postpones Extension Vote

May 12, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

EG Acquisition Corp. (NYSE:EGGF) announced this morning that it is pushing its extension vote from today to 12 pm ET May 19 to give it more time to engage with shareholders. ...READ MORE

Chain Bridge I (CBRG) Investors Complete Non-Redemption Purchases

May 12, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Chain Bridge I (NASDAQ:CBRG) announced this morning that third-party investors had completed the purchase of 175,000 shares on the open market as a part of non-redemption agreements the SPAC has arranged. ...READ MORE

The Latest Liquidations: May 11, 2023

May 11, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Post Holdings Partnering Corporation

Post Holdings Partnering Corporation (PSPC) to Liquidate on May 26

Post Holdings Partnering Corporation (NYSE: PSPC) today announced that its board of directors has decided to redeem all of its outstanding shares of Series A common stock, with such redemption anticipated to be effective as of May 30. ...READ MORE

The Latest Non-Redemption Agreements: May 11, 2023

May 11, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Chain Bridge I

Chain Bridge I (CBRG) Adds Non-Redemption Agreement

On May 10, 2023, Chain Bridge I (NASDAQ:CBRG), Chain Bridge Group, the sponsor of the Company, and CB Co-Investment LLC entered into non-redemption agreements with one or more unaffiliated third party or parties in exchange for each such third party or third parties agreeing not to redeem 400,000 ordinary shares. ...READ MORE

Metals Acquisition Corp. (MTAL) Secures Additional $26M PIPE for CSA Copper Mine Deal

May 11, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Metals Acquisition Corp. (NYSE:MTAL) has continued to add to the committed financing for its combination with Glencore’s (LON:GLEN) CSA Copper Mine, announcing this afternoon that it has executed $26 million in PIPE agreements. ...READ MORE

The Latest SPAC News and Rumors: May 11, 2023

May 11, 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: Abu Dhabi family said to plan Middle East’s second SPAC listing

Abu Dhabi Family Plans Middle East’s Second SPAC Listing

An investment firm backed by Abu Dhabi’s Al Maskari family is planning to list a blank-check firm in the city, people familiar with the matter said, in what would be the second such deal in the Middle East. ...READ MORE

Evergreen Corporation (EVGR) Cancels Vote, Will Auto-Extend

May 11, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Evergreen (NASDAQ:EVGR) announced this morning that it was canceling a special meeting to be held 11 am ET today to extend its deadline and will instead use its ability to automatically extend this date by three months. ...READ MORE

OmniLit Acquisition Corp. (OLIT) to Combine with Syntec Optics in $316M Deal

May 11, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

OmniLit Acquisition Corp. (NASDAQ:OLIT) has entered into a definitive agreement to combine with precision optics-maker Syntec for initial equity consideration of $316 million.

Rochester, New York-based Syntec provides lenses and other optical equipment to the defense, medical and consumer sectors. ...READ MORE

Podcast: Investcorp Europe I (IVCB) and OpSec Security CEO Selva Selvaratnam

May 11, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

There are new things happening in brand security from the physical marks that track products through their supply chains to digital tools to prevent online piracy.

This week we speak with with Selva Selvaratnam, CEO of OpSec Security. It ...READ MORE

The Latest Liquidations: May 10, 2023

May 10, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Jackson Acquisition Company, and Axios Sustainable Growth Acquisition Corp.

Jackson Acquisition Company (RJAC) to Liquidate on June 12

Jackson Acquisition Company (NYSE: RJAC.U) today announced that it will redeem all of the outstanding shares of Class A common stock, effective as of the close of business on June 13, 2023. ...READ MORE

NaturalShrimp Incorporated Secures Equity Financing and Purchase Agreement

May 10, 2023 Headline Post, INTEL by Marlena Haddad

NaturalShrimp Incorporated (OTCQB:SHMP), which entered into a definitive agreement with Yotta Acquisition Corp. (NASDAQ:YOTA) in October 2022, filed an 8-K today announcing that it has entered into an equity financing agreement, a registration rights agreement, and a purchase agreement with GHS Investments. ...READ MORE

Prime Number Acquisition I Corp. (PNAC) Throws Sand in Investors’ Gears

May 10, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Kristi Marvin

Prime Number Acquisition I Corp. (Nasdaq: PNAC) has set in motion today another reason to rile up SPAC investors over extension votes. However, unfortunately, this time investors are hamstrung with being able to do anything about it and it’s unclear if this was by design or simply a mistake. ...READ MORE

The Latest SPAC News and Rumors: May 10, 2023

May 10, 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: Martin Franklin launches London IPO, Momentis to lay off 60% of its employees, and Freightos unveils Freightos Terminal

Blank-Check Pioneer Martin Franklin Launches London IPO

Serial dealmaker Martin E. ...READ MORE

RMG Acquisition Corporation III (RMGC) to Combine with H2B2 Electrolysis Technologies

May 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

RMG III (NASDAQ:RMGC) announced in an 8-K this morning that it has entered into a merger agreement with hydrogen energy company H2B2 Electrolysis, but left few other details in the filing. ...READ MORE

Biote (BTMD) Calls All Outstanding Warrants

May 9, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Biote (NASDAQ: BTMD), the hormone-optimization medical practice builder that combined with Haymaker III in May 2022, announced this afternoon that it has launched an offer to exchange all outstanding warrants for 0.23 Class A shares each. ...READ MORE

Semper Paratus (LGST) Gets a Loan and Sells Founder Shares

May 9, 2023 Headline Post, INTEL by Kristi Marvin

Semper Paratus Acquisition Corporation (Nasdaq: LGST) filed an 8-K today announcing that on May 3, 2023, it had entered into a subscription agreement with Polar Multi-Strategy Master Fund and Semper Paratus Sponsor LLC. ...READ MORE

The Latest Non-Redemption Agreements: May 9, 2023

May 9, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: LAMF Global Ventures I and PowerUp

LAMF Global Ventures Corp. I (LGVC) Adds Non-Redemption Agreement

On May 8, LAMF Global Ventures Corp. I (NASDAQ:LGVC) and the Sponsor entered into further non-redemption agreements with additional unaffiliated third-party investors pursuant to which the Additional Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior redemption election with respect to 1,588,000 Non-Redeemed Shares. ...READ MORE

Evergreen Corporation (EVGR) Adjourns Extension Vote

May 9, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Evergreen (NASDAQ:EVGR) announced that it adjourned its extension vote this morning without conducting any business, but it will make another run at it tomorrow.

Proceedings will recommence at 11 am ET, May 10 and shareholders will have more time to change their votes. ...READ MORE