The Latest SPAC News and Rumors: March 31, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Shares of Digital World jump after Trump’s indictment, and pair of Delaware Chancery court decisions deny motions to dismiss SPAC shareholder’s fiduciary breach claims
Trump-Tied SPAC’s Shares Jump After Historic New York Charge
The criminal case against Donald Trump is providing a lift to the blank-check firm taking his media company public, as well as other stocks tied to the former president, as traders bet the news will drive traffic to conservative outlets. ...READ MORE
New SPAC: Ares Acquisition Corporation II Files for $400M IPO
Ares Acquisition Corporation II (NYSE:AACT) filed its S-1 yesterday afternoon for a $400 million IPO, marking the second SPAC to file for an IPO in March and the largest since December 20, 2021, when Gores Holdings X Inc. ...READ MORE
The Latest Liquidations: March 30, 2023
Latest SPAC Liquidations: TCV Acquisition Corp.
TCV Acquisition Corp. (TCVA) to Liquidate on April 13
TCV Acquisition Corp. (Nasdaq: TCVA) announced that it intends to dissolve and liquidate. It will redeem all of the outstanding Class A ordinary shares that were included in its initial public offering at a per-share redemption price of approximately $10.24. ...READ MORE
Diamond Head Holdings Corp. (DHHC) Closes Great Southern Homes Deal
DiamondHead Holding Corps. (NASDAQ:DHHC) announced that it has closed its combination with Great Southern Homes and the combined company will be renamed United Homes Group.
The deal was approved by shareholders during a meeting last Thursday, and only 109,426 shares were redeemed in connection with the vote, but DiamondHead saw about 87% redemptions in total across all previous votes, leaving it with about $43.9 million in its trust. ...READ MORE
The Latest SPAC News and Rumors: March 30, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Volta sued over SPAC deal, Liberty Resources establishes M&A Transition Taskforce, and chancery validates SPACs’ charter amendments and share issuances
Volta Sued Over SPAC Deal as $169M Shell Sale Is Approved
An investor sued Volta Inc.
Maxpro Capital Acquisition Corp. (JMAC) Closes Apollomics Deal
Maxpro Capital (NASDAQ:JMAC) announced that it has closed its combination with clinical-stage biotech firm Apollomics and the combined company’s shares and warrants are to begin trading today on the Nasdaq under the symbols “APLM” and “APLMW”, respectively. ...READ MORE
The Latest Non-Redemption Agreements: March 29, 2023
Latest Non-Redemption Agreements: Home Plate Acquisition Corp.
Home Plate (HPLT) Adds Non-Redemption Agreement
On March 29, Home Plate Acquisition Corporation (NASDAQ:HPLT) and its sponsor entered into a non-redemption agreement with one or more unaffiliated third parties.
...READ MORE
The Latest Liquidations: March 29, 2023
Latest SPAC Liquidations: Alpine Acquisition Corp.
Alpine Acquisition Corp. (REVE) to Liquidate
Alpine (NYSE:REVE) announced this afternoon that it has decided to cancel its completion vote for its deal with Two Bit Circus and will instead liquidate its trust. ...READ MORE
Alpine Acquisition Corp. (REVE) Cancels Completion Vote, Announces Liquidation
Alpine Acquisition Corp. (NYSE:REVE) announced this afternoon that it has decided to cancel its completion vote tomorrow and will instead liquidate its trust.
Within the last month, the SPAC adjourned its special meeting a total of four times as it faced difficulties trying to finalize items necessary in order to complete its proposed merger with Two Bit Circus. ...READ MORE
The Latest SPAC News and Rumors: March 29, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC regains compliance with Nasdaq, White & Case amicably resolves dispute with Colonnade II, and Nikola’s CFO steps down
Trump-backed SPAC Digital World regains compliance with Nasdaq listing
Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check firm that is to merge with former U.S. ...READ MORE
Trailblazer Merger Corporation I (TBMCU) Prices $60M IPO
Trailblazer Merger Corporation I priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBMCU” Wednesday, March 29, 2023.
The SPAC intends to focus its search on companies operating in the technology industry in the following segments: cloud as a service, supply chain technologies, servicing the hybrid workforce and esports. ...READ MORE
Alpine Acquisition Corp. (REVE) Adjourns Completion Vote
Alpine (NYSE:REVE) announced this afternoon that it has again 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 four times since then. ...READ MORE
Home Plate Acquisition Corp. (HPLT) Adjourns Extension Vote
Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned its extension vote today and will reconvene the special meeting at 10:30 am ET on March 30.
At the upcoming meeting, the SPAC hopes to gain shareholder approval to extend its completion deadline from April 4, 2023, to October 4, 2023. ...READ MORE
The Latest SPAC News and Rumors: March 28, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ares considers raising $400M for new SPAC and electric air mobility division of AIRO and Kernel Group sign MOU with Blade India
Ares Considers New $400 Million SPAC Despite Market Lull
Ares Management Corp. ...READ MORE
DiamondHead Holding Corps. (DHHC) Adds Funding to Great Southern Homes Deal
DiamondHead Holding Corps. (NASDAQ:DHHC) announced in an 8-K this morning that it has entered into subscription agreements with lock-up investors and PIPE investors in connection to its business combination with Great Southern Homes. ...READ MORE
Nova Vision Acquisition Corp. (NOVV) to Combine with Real Messenger in $150M Deal
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TMT Acquisition Corporation (TMTC) Prices $60M IPO
TMT Acquisition Corporation priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TMTCU” Tuesday, March 28, 2023.
The SPAC intends to focus its search on businesses that are operating in Asia and have a strong management team. ...READ MORE
The Latest Non-Redemption Agreements: March 27, 2023
Latest Non-Redemption Agreements: two
two (TWOA) Adds Non-Redemption Agreement
In connection with the previously announced shareholder meeting of two (NYSE:TWOA) to extend the company’s completion deadline from April 1, 2023 to January 1, 2024, the company and two sponsor, have entered into non-redemption agreements with several unaffiliated third parties. ...READ MORE
The Latest Liquidations: March 27, 2023
Latest SPAC Liquidations: Khosla Ventures Acquisition Co. III
Khosla Ventures Acquisition Co. III (KVSC) to Liquidate
Khosla Ventures Acquisition Co. III (NASDAQ:KVSC) did not consummate, or execute a letter of intent before March 26, and therefore shall cease all operations except for the purpose of winding up. ...READ MORE