BioPlus Acquisition Corp. (BIOS) to Combine with Avertix Medical in $195M Deal
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OceanTech Acquisitions I Corp. (OTEC) to Combine with Regentis Biomaterials in $95M Deal
OceanTech I (NASDAQA:OTEC) has entered into a definitive agreement to combine with regenerative medicine company Regentis at a $95 million valuation.
Or-Akiva, Israel-based Regentis has been working to commercialize its GelrinC orthopedic therapy to repair cartilage damage in knees and has already received a CE mark in Europe as a medical device. ...READ MORE
The Latest Liquidations: May 2, 2023
Latest SPAC Liquidations: Green Visor Financial Technology Acquisition Corp. I
Green Visor Financial Technology Acquisition Corp. I (GVCI) to Liquidate on May 12
Green Visor Financial Technology Acquisition Corp. I (NASDAQ:GVCI) today announced that it will redeem all of its outstanding Class A ordinary shares, on or about May 12. ...READ MORE
Jupiter Wellness Acquisition Corp. (JWAC) Shareholders Approve Chijet Deal
Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced in an 8-K that its shareholders approved its combination with Chinese carmaker Chijet at a special meeting held earlier today.
The meeting was originally scheduled to be held on April 20, but Jupiter Wellness adjourned it to today. ...READ MORE
Compute Health Acquisition Corp. (CPUH) Tweaks Allurion Deal
Compute Health (NYSE:CPUH) announced in an 8-K this morning that it has made a number of amendments to its business combination with Allurion, shifting its financing arrangements.
The bulk of the new financing changes affect the $16.75 million in convertible bridge notes that Allurion issued in February with Hunter Ventures Limited taking on $13 million of these. ...READ MORE
Golden Star Acquisition Corporation (GODNU) Prices $60M IPO
Golden Star Acquisition Corporation priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GODNU” Tuesday, May 2, 2023.
The SPAC intends to acquire one or more growth businesses that are strategically significant to the Asian markets with a total enterprise value of between $300 million and $400 million. ...READ MORE
The Latest Liquidations: May 1, 2023
Latest SPAC Liquidations: Parabellum Acquisition Corp. and Orion Biotech Opportunities Corp.
Parabellum Acquisition Corp. (PRBM) to Liquidate
Parabellum Acquisition Corp. (OTC:PRBM) announced today that the business combination with EnOcean GmbH, EnOcean Holdings B.V., ...READ MORE
The Latest Non-Redemption Agreements: May 1, 2023
Latest Non-Redemption Agreements: PowerUp, TG Venture, and Jupiter Wellness
PowerUp Acquisition Corp. (PWUP) Adds Non-Redemption Agreement
On April 27, 2023, PowerUp Sponsor LLC, the sponsor of PowerUp Acquisition Corp. ...READ MORE
The Latest SPAC News and Rumors: May 1, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SRIVARU announces the launch of Prana 2.0 intelligent battery system
SRIVARU Announces Launch of Prana 2.0 Intelligent Battery System
SRIVARU, a commercial-stage provider of premium electric motorcycles, today announced the launch of SRIVARU’s Prana 2.0 intelligent battery system. ...READ MORE
Bite Acquisition Corp. (BITE) to Combine with Above Food in $319M Deal
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Parabellum Acquisition Corp. (PRBM) Terminates EnOcean Deal, Will Liquidate
Parabellum Acquisition Corp. (OTC:PRBM) announced this morning that its business combination with internet of things (IoT) device-maker EnOcean has been terminated and it will now liquidate its trust.
On April 28, EnOcean delivered a termination letter to the SPAC announcing that it was exercising its right to terminate the deal, but did not provide further information about the breakup. ...READ MORE
SPAC IPO Terms Tracker: Closing Out April
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The Latest Liquidations: April 28, 2023
Latest SPAC Liquidations: LAVA Medtech Acquisition Corp., Digital Acquisitions I Corp.
LAVA Medtech Acquisition Corp. (LVAC) to Liquidate on May 3
LAVA Medtech Acquisition Corp. (NASDAQ: LVAC) announced today that the board of directors of the Company (the “Board”) has elected to abandon and not implement the extension that was approved by stockholders on April 25, 2023. ...READ MORE
Project Energy Reimagined (PEGR) Announces LOI
Project Energy Reimagined Acquisition Corp. (Nasdaq: PEGR) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with an unnamed target.
The SPAC kept details on the potential merger to a minimum, but with today’s signed LOI in hand, it can now auto-extend an additional 3 months to August 2, without a contribution to trust. ...READ MORE
CIIG II (CIIG) Completes Zapp Deal
CIIG Capital Partners II (NASDAQ:CIIG) announced this afternoon that it has completed its business combination with EV motorcycle company Zapp.
The SPAC’s shareholders already approved of the deal at a meeting held on April 14, but did not provide further information on the closing of the transaction at that time. ...READ MORE
The Latest SPAC News and Rumors: April 28, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Terran Orbital receives milestone payment for Rivada constellation and ex-CFO of African Gold Acquisition Corp.
...READ MORE
Roth CH Acquisition V Co. (ROCL) Inks $160M LOI with Slacker Radio
Roth CH V (NASDAQ:ROCL) announced this morning that it has entered into a letter of intent (LOI) to combine with podcast platform Slacker at a proposed enterprise value of $160 million. ...READ MORE
LAMF Global Ventures Corp. I (LGVC) Signs LOI With Nuvo Group
LAMF Global Ventures Corp. I (Nasdaq: LGVC) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with a leading FDA-cleared innovator in pregnancy care, Nuvo Group Ltd.
Under the LOI, LAMF contemplates Nuvo at a pre-money equity valuation of $269 million, excluding a seller earnout of approximately $31 million. ...READ MORE
Arrowroot Acquisition Corp. (ARRW) to Combine with iLearningEngines in $1.4Bn Deal
Arrowroot Acquisition Corp. (NASDAQ:ARRW) has entered into a definitive agreement to combine with AI technology firm iLearningEngines at an enterprise value of $1.4 billion, or 3.3x its 2023E.
The Bethesda, Maryland-based company provides AI-based tools to automate business operations and improve efficiencies in internal programs for a variety of industries. ...READ MORE