The Latest SPAC News and Rumors: April 18, 2023

Apr 18, 2023 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: SPAC traders value Trump Media 40x higher than he does, Devin Nunes says SEC is slow walking Truth Social deal, and Hambro Perks co-founder and CEO quietly exits

SPAC Traders Value Trump Media 40-Times Higher Than He Does

Donald Trump values his nascent media company at less than $30 million, a stark discount to the more than $1 billion valuation implied by investors who piled into the blank check that’s hoping to bring the firm public. ...READ MORE

The Latest Liquidations: April 17, 2023

Apr 17, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Trine II

Trine II (TRAQ) to Liquidate on May 1

Trine II Acquisition Corp. (NYSE: TRAQ), a publicly-traded special purpose acquisition company, today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of May 2, 2023. ...READ MORE

Progress Acquisition Corp. (PGRW) Adjourns Extension Vote

Apr 17, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Progress Acquisition Corp. (NASDAQ:PGRW) announced that it adjourned today’s special meeting and will reconvene on April 26.

Earlier today, Progress held a special meeting where stockholders approved a proposal to adjourn the meeting to a later date to permit further solicitation of proxies for an extension proposal. ...READ MORE

Banyan Acquisition Corporation (BYN) Adjourns Extension Vote

Apr 17, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Banyan Acquisition Corporation (NYSE: BYN.U) announced this afternoon that it intends to adjourn its extension vote, originally scheduled to be held on April 18, and will reconvene at 10:00 a.m. ET on April 21. ...READ MORE

The Latest SPAC News and Rumors: April 17, 2023

Apr 17, 2023 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: CXApp soars after merging with KINS Technology and Corvex settles with SEC over SPAC activities

AI-Linked De-SPAC CXApp Surges 1,480% in Blistering Three-Day Rally

CXApp Inc. ...READ MORE

Metals Acquisition Corp. (MTAL) Announces $114M PIPE for CSA Copper Mine Deal

Apr 17, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Metals Acquisition Corp. (NYSE:MTAL) has continued to add to the committed financing for its combination with Glencore’s (LON:GLEN) CSA Copper Mine, announcing this morning that it has executed $112 million in outside PIPE agreements. ...READ MORE

Graf Acquisition Corp. IV (GFOR) to Combine with NKGen Biotech in $160M Deal

Apr 17, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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SPAC IPO Terms Tracker: Halfway Through April

Apr 15, 2023 Headline Post, INTEL by Kristi Marvin

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Goldenbridge Acquisition Limited (GBRG) Shareholders Approve Auto Services Group Deal

Apr 14, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Goldenbridge Acquisition Limited (NASDAQ:GBRG) announced in an 8-K that its shareholders approved its combination with digitalized auto services provider Auto Services Group through its indirect majority-owned subsidiary Sun Car Online Insurance Agency at a special meeting held earlier today. ...READ MORE

CIIG Capital Partners II (CIIG) Shareholders Approve Zapp Deal

Apr 14, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

CIIG Capital Partners II (NASDAQ:CIIG) announced in an 8-K this afternoon that its shareholders approved its combination with EV motorcycle company Zapp at a special meeting held earlier today.

Present at the meeting were holders of 27,835,536 shares of common stock, representing approximately 77% of the voting power of the common stock. ...READ MORE

The Latest SPAC News and Rumors: April 14, 2023

Apr 14, 2023 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: Newsight Imaging launches MT LiDAR 3.1 for accurate 3D mapping for robotics and industrial automation markets

Newsight Imaging Launches MT LiDAR 3.1, a State-of-the-Art Reference Design for Accurate 3D Mapping for Robotics and Industrial Automation Markets

Newsight Imaging Ltd. ...READ MORE

The Latest Non-Redemption Agreements: April 13, 2023

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

Latest Non-Redemption Agreements: Banyan Acquisition Corporation, Cactus Corp. 1 Limited

Banyan Acquisition Corp. (BYN) Adds Non-Redemption Agreement

On April 12, 2023, Banyan Acquisition Corporation (NYSE:BYN) entered into non-redemption agreements with unaffiliated third parties, pursuant to which such third parties have agreed not to redeem an aggregate of 2,240,400 shares of Class A common stock of the company. ...READ MORE

The Latest SPAC News and Rumors: April 13, 2023

Apr 13, 2023 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: Digital World names new CFO, ConnectM announces its MELI-Mobility hardware passes standard test

Trump-backed SPAC Digital World names new CFO

Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check firm that is set to merge with former U.S. ...READ MORE

Brilliant Acquisition Corp. (BRLI) Adjourns Extension Vote

Apr 13, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Brilliant Acquisition Corp. (NASDAQ:BRLI) announced this morning that its chairman intends to adjourn its extension vote, originally scheduled to be held on April 17, and will reconvene at 10:00 a.m. ET on April 20. ...READ MORE

The Latest Non-Redemption Agreements: April 12, 2023

Apr 12, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Banyan Acquisition Corporation

Banyan Acquisition Corp. (BYN) Adds Non-Redemption Agreement

On April 11, 2023, Banyan Acquisition Corporation (NYSE:BYN) entered into non-redemption agreements with unaffiliated third parties, pursuant to which such third parties have agreed not to redeem an aggregate of 1,200,000 shares of Class A common stock of the company in connection with the extension proposals. ...READ MORE

Atlantic Coastal Acquisition Corp. II (ACAB) Adjourns Extension Vote

Apr 12, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB) announced that it adjourned today’s extension vote, without conducting any business, and will reconvene at 9:30 a.m. ET on April 18.

In connection with the adjournment of the meeting, ACAB is also extending the redemption deadline to April 14. ...READ MORE

The Latest SPAC News and Rumors: April 12, 2023

Apr 12, 2023 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: Pegasus Europe SPAC to be wound up and Falcon’s Beyond expands its franchise

Europe’s biggest SPAC to be wound up

The biggest blank-check company in Europe, backed by LVMH founder Bernard Arnault and former UniCredit chief Jean Pierre Mustier, is set to be wound up after failing to find a target in the financial services sector. ...READ MORE

Metal Sky Star Acquisition Corp. (MSSA) to Combine with Future Dao Group

Apr 12, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

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Digital Health (DHAC) Amends Backstop for VSee and iDoc Deal

Apr 12, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Digital Health (NASDAQ:DHAC) announced in an 8-K this morning that it has amended its previously announced backstop agreement in connection to its business combination with telehealth software firm VSee and digital healthcare provider iDoc. ...READ MORE

The Latest Liquidations: April 11, 2023

Apr 11, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Tio Tech A, Horizon Acquisition Corp. II, Eucrates Biomedical, and InterPrivate IV InfraTech Partners Inc.

Tio Tech A (TIOA) to Liquidate on April 21

On April 11, Tio Tech A (NASDAQ:TIOA) announced that it will be unable to complete an initial business combination and intends to redeem all of the outstanding Class A ordinary shares on or about April 24. ...READ MORE