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

The Latest Liquidations: March 13, 2023

Mar 13, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: LDH Growth Corp. I

LDH Growth Corp. I (LDHA) to Liquidate on March 23

LDH Growth Corp I (NASDAQ: LDHA) announced today that it intends to liquidate and dissolve, effective as of the close of business on March 23, 2023, and will redeem all of the outstanding Class A ordinary shares. ...READ MORE

OceanTech Acquisition I Corp. (OTEC) Sells Sponsor Shares

Mar 13, 2023 Headline Post, INTEL by Marlena Haddad

OceanTech Acquisition I Corp. (NASDAQ:OTEC) announced this afternoon that it has entered into a purchase agreement with its sponsor, OceanTech Acquisitions I Sponsors, and a new sponsor, Aspire Acquisition. As a result, OceanTech will undergo a change in management. ...READ MORE

Continental on SPAC Trust Accounts

Mar 13, 2023 Headline Post, INTEL by Kristi Marvin

In light of the recent failure of Silicon Valley Bank and Signature Bank, there have been some inquiries as to where SPAC trusts are held. Continental Stock Transfer & Trust had already confirmed that Silicon Valley Bank was not one of their approved asset managers and therefore none of the SPACs that used Continental as a Trustee would be in danger of having their funds held there. ...READ MORE

The Latest SPAC News and Rumors: March 13, 2023

Mar 13, 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: TRISO-X completes fuel test to power nuclear thermal propulsion in space and Arrival expects annual losses as high as $1B

TRISO-X Successfully Completes Fuel Test to Power Nuclear Thermal Propulsion in Space

TRISO-X LLC a wholly owned subsidiary of X-Energy Reactor Company, LLC that primarily develops and designs tri-structural isotropic particle fuel, today announced the successful test of its coated particle fuel for nuclear thermal propulsion applications, marking a major step toward a one-of-a-kind, nuclear-powered rocket. ...READ MORE

Mobiv Acquisition Corp. (MOBV) to Combine with SRIVARU in $195M Deal

Mar 13, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

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Worldwide Webb Acquisition Corp. (WWAC) to Combine with Aeries Technology in $656M Deal

Mar 13, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Podcast: Zapp Founder & CEO Swin Chatsuwan and CIIG II Co-Ceo Gavin Cuneo

Mar 13, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

Whether you’re bullish on the North American EV car boom or not, there are exciting things happening on two wheels in Europe and Asia.

This week, we speak with Swin Chatsuwan, Founder and CEO of Zapp. ...READ MORE

SPAC IPO Terms Tracker: First Full Week of March

Mar 11, 2023 Headline Post, INTEL by Kristi Marvin

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The Latest Liquidations: March 10, 2023

Mar 10, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Dragoneer Growth Opportunities Corp. III

Dragoneer Growth Opportunities Corp. III (DGNU) to Liquidate on March 24

Dragoneer Growth Opportunities Corp. III (Nasdaq: DGNU) announced that it intends to dissolve and liquidate. The ...READ MORE

KINS Technology Group (KINZ) Shareholders Approve Inpixon Deal

Mar 10, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

KINS Technology Group Inc. (NASDAQ:KINZ) announced its shareholders have approved its combination with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application at a special meeting held earlier today.

Holders of 7,097,290 shares of KINS common stock were present at today’s meeting, representing 97.39% of KINS’ common stock outstanding. ...READ MORE