The Latest SPAC News and Rumors: May 9, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The Latest Liquidations: May 8, 2023
Latest SPAC Liquidations: Progress Acquisition Corp.
Progress Acquisition Corp. (PGRW) to Liquidate
On May 7, 2023, the board of directors of Progress Acquisition Corporation (NASDAQ:PGRW) determined that it intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the Company’s trust account divided by the number of then outstanding Public Shares. ...READ MORE
Aura FAT Projects Acquisition Corp (AFAR) to Combine with Allrites in $92M Deal
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The Latest SPAC News and Rumors: May 8, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Singapore TV licensing startup Allrites to merge with Aura FAT Projects and activist investor Impactive takes a stake in Clarivate
Singapore TV Licensing Startup Allrites to Merge With Aura SPAC
Allrites Holdings Pte, a Singaporean film and television content rights marketplace, has agreed to go public through a merger with US-listed blank check firm Aura FAT Projects Acquisition Corp. ...READ MORE
SPAC IPO Terms Tracker: Day-One IPO Performance is Improving
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The Latest Non-Redemption Agreements: May 5, 2023
Latest Non-Redemption Agreements: Maquia Capital Acquisition Corporation, LAMF Global Ventures I, 10X Capital Venture II, and DP Cap I
Maquia Capital Acquisition Corp. (MAQC) Adds Non-Redemption Agreement
On May 5, Maquia Capital Acquisition Corporation (NASDAQ:MAQC) and Maquia Investments North America, LLC entered into a non-redemption agreement with one or more unaffiliated third party or parties in exchange for such third party or third parties agreeing not to redeem an aggregate of 247,883 shares of Class A common stock. ...READ MORE
The Latest SPAC News and Rumors: May 5, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Foxconn threatens to pull funding from Lordstown and ZeroNox partners with Jospong Group to launch electrification project
Lordstown savior Foxconn is threatening to pull funding
...READ MORE
AlTi Global (ALTI) Calls All Outstanding Warrants
AlTi Global (NASDAQ:ALTI), the wealth and asset manager that combined with Cartesian Growth in January, announced this morning that it has launched an offer to exchange all outstanding warrants for 0.25 Class A shares each. ...READ MORE
Alchemy Investments Acquisition Corp 1 (ALCY) Prices $100M IPO
Alchemy Investments Acquisition Corp 1 priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALCYU” Friday, May 5, 2023.
The SPAC intends to acquire a deep technology company with a focus on data analytics. ...READ MORE
The Latest Liquidations: May 4, 2023
Latest SPAC Liquidations: VMG Consumer, Evo, Banner, and XPAC
VMG Consumer Acquisition Corp. (VMGA) to Liquidate on May 15
VMG Consumer Acquisition Corp. (NASDAQ:VMGA) today announced that it has cancelled its special meeting of stockholders and intends to dissolve and liquidate, effective as of the close of business on May 15, 2023. ...READ MORE
The Latest Non-Redemption Agreements: May 4, 2023
Latest Non-Redemption Agreements: Pono Capital Two, and Roth CH Acquisition V Co.
Pono Capital Two (PTWO) Adds Non-Redemption Agreement
On May 3, 2023, Pono Capital Two (NASDAQ:PTWO) entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, 773,682 shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the extension. ...READ MORE
Galata Acquisition Corp. (GLTA) Amends Deal for Marti
Galata Acquisition Corp. (NYSE: GLTA) announced this afternoon that it has amended its business combination agreement and subscription agreements in connection to its proposed merger with Turkish mobility app Marti.
As part of the amendment, Galata will no longer be required to have a minimum of $50 million in cash on hand, which was previously waived by Marti. ...READ MORE
The Latest SPAC News and Rumors: May 4, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Newsight Imaging and Brightlaser awarded grant to develop next generation 3D home and industrial security LiDAR
Newsight Imaging and Brightlaser Awarded Collaboration Grant to Develop Next Generation 3D Home and Industrial Security LIDAR
Newsight Imaging Ltd., ...READ MORE
Corner Growth Acquisition Corp. (COOL) to Combine with Noventiq in $800M Deal
Corner Growth Acquisition Corp. (NASDAQ:COOL) has entered into a definitive agreement to combine with software firm Noventiq (LSE:NVIQ) at an enterprise value of $800 million, or 0.4x its FY2021 revenue.
The London-based company helps companies lead internal digital transformations to drive efficiencies in their IT, cloud storage and cybersecurity systems. ...READ MORE
VMG Consumer Acquisition Corp. (VMGA) Cancels Extension Vote, Announces Liquidation
VMG Consumer Acquisition Corp. (Nasdaq:VMGA) announced this afternoon that it has decided to cancel its extension vote tomorrow and will instead liquidate its trust.
At the meeting, the SPAC intended to seek shareholder approval of a proposal to extend its timeline from May 15 to November 15. ...READ MORE
The Latest Liquidations: May 3, 2023
Latest SPAC Liquidations: Kimbell Tiger
Kimbell Tiger Acquisition Corp. (TGR) to Liquidate on May 8
Kimbell Tiger Acquisition Corporation (NYSE: TGR), today announced that it will redeem all of its outstanding shares of Class A Common Stock and the 2,500 shares of Class A common stock forming part of the sponsor shares, effective as of the close of business on May 22, 2023. ...READ MORE
The Latest Non-Redemption Agreements: May 3, 2023
Latest Non-Redemption Agreements: 10X Capital Venture Acquisition Corp. II, New Providence Acquisition Corp. II, Roth CH Acquisition V Co., and Apollo Strategic Growth Capital II
10X Capital Venture Acquisition Corp. II (VCXA) Adds Non-Redemption Agreement
On May 2, 2023, certain investors of 10X II entered into non-redemption agreements with 10X II (NASDAQ:VCXA) and 10X Capital SPAC Sponsor II LLC. ...READ MORE
Finnovate Acquisition Corp. (FNVT) Sells Founder Shares
Finnovate Acquisition Corp. (NASDAQ:FNVT) announced this afternoon that it has entered into an investment agreement with its sponsor and an investor, Sunorange Limited, to sell a portion of its founder shares. ...READ MORE
The Latest SPAC News and Rumors: May 3, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bridgetown Holdings nears merger with Hyphen, Bhutan’s investment arm and Bitdeer plan a $500M fund for crypto mining, and Ares’s $500M SPAC marks return of jumbo blank-check firms
Billionaire-Thiel Backed SPAC Is Said to Near Merger With Hyphen
Bridgetown Holdings Ltd. ...READ MORE