Mountain Crest Acquisition Corp. III (NASDAQ:MCAE) announced this afternoon that it has closed its combination with healthcare firm ETAO International Group.
MCAE shareholders approved the combination during a special meeting held last week on February 7, but at the time, the SPAC did not divulge a timeline for the closing of the deal. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A SPAC I (NASDAQ:ASCA) has entered into a definitive agreement to combine with fertility services provider NewGenIvf at an enterprise value of $50 million.
Hong Kong-based NewGenIvf provides a full range of fertility services through clinics in four Southeast Asian countries. ...READ MORE
Forest Road II (NYSE:FRXB) announced in an 8-K filing this morning that it has signed a non-redemption agreement with one more investors, securing 1,000,000 shares through an upcoming extension vote. ...READ MORE
SPACInsider contributors Anthony Sozzi and Nic Narang this week compiled their three favorite potential SPAC targets among potential targets leveraging AI technology. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Good Works II (NASDAQ:GWII) announced this afternoon that it is mutually terminating its combination with drug developer Direct Biologics, just months after the deal announcement.
The SPAC did not elaborate further on the termination but noted that the agreement contained customary mutual releases and covenants not to sue. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
In a case filed simply to determine whether a plaintiff was entitled to attorneys’ fees and expenses for conferring a benefit on a corporation, the Delaware Court of Chancery held that the planned stockholder vote by the corporation would have been insufficient under Delaware law to authorize amendments to the corporation’s certificate of incorporation in connection with a de-SPAC merger transaction. ...READ MORE
LF Capital Acquisition Corp. II (NASDAQ:LFAC) announced in an 8-K this morning that it has adjourned its February 15 vote to 6 pm ET February 17.
Shareholders in the vote are set to consider an increase to LF Capital II’s monthly contribution to its trust from $0.033 to $0.04. ...READ MORE
CENAQ Energy Corp. (NASDAQ:CNAQ) announced it has closed its combination with Bluescape Clean Fuels following the addition of a PIPE earlier this week.
Bluescape is now to be renamed Verde Clean Fuels with its shares and warrants set to trade on the Nasdaq under the symbols “VGAS” and “VGASW” later today. ...READ MORE
Ibere Pharmaceuticals (NYSE:IBER) today announced that it will redeem all of its outstanding ordinary shares that were included in the units issued in its initial public offering, effective as of the close of business on March 2, 2023. ...READ MORE
LF Capital Acquisition Corp. II (NASDAQ:LFAC) announced this afternoon that it has signed a non-binding letter of intent (LOI) with a target.
Although LF Capital II did not disclose the target’s name, it did mention that the company is a profitable U.S.-based ...READ MORE
Distoken Acquisition Corporation. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DISTU” Wednesday, February 15, 2023.
The new SPAC intends to focus on opportunities in the technology industry that have their primary operations located in Asia. ...READ MORE
Legato Merger Corp II (NASDAQ:LGTO) announced it has now closed its combination with construction firm Southland Holdings and the combined company’s shares and warrants will soon trade under the symbols “SLND” and “SLNDW”, respectively. ...READ MORE
Aesther Healthcare (NASDAQ:AEHA) announced this morning that it has closed its combination with Ocean Biomedical after its shareholders approved the transaction at a special meeting on February 3.
The combined company’s shares and warrants are expected to begin trading today under the symbols “OCEA” and “OCEAW”, respectively. ...READ MORE
Khosla Ventures (NASDAQ:KVSA) and Stratim Cloud (NASDAQ:SCAQ) each announced non-binding letters of intent with potential combination targets and provided varying levels of information along with the news.
Stratim Cloud at least named its target as Force Pressure Control, an energy firm that provides tools and services for fracking natural gas wells. ...READ MORE
Cascadia Acquisition Corp. (Nasdaq: CCAI) announced this afternoon that it is postponing its special meeting to extend its completion deadline from February 15 to February 22.
As a result of the postponement, the redemption deadline has also been extended from February 13 to February 17. ...READ MORE
ABG Acquisition Corp. I (Nasdaq: ABGI) today announced that as of the close of business on February 21, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive from the trust the per-share redemption price for the shares to be announced at a later date. ...READ MORE
CENAQ Energy Corp. (NASDAQ:CNAQ) announced in an 8-K this afternoon that it has entered into a PIPE agreement with a number of new investors, adding $24 million to its combination with gasoline supplier Bluescape Clean Fuels. ...READ MORE
