The Latest SPAC News and Rumors: February 28, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Oxus Acquisition Corp. (OXUS) Adjourns Extension Vote
Oxus Acquisition Corp. (NASDAQ:OXUS) has adjourned its extension vote today without conducting any business and will reconvene at 8:30 am ET March 2.
Shareholders are to consider extending the SPAC’s transaction deadline from March 8 to December 8 and allow the sponsor to convert its promote shares to Class A shares prior to the closing of a business combination. ...READ MORE
Oxbridge Acquisition Corp. (OXAC) to Combine with Jet Token Inc. in $45M Deal
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Northern Star III (NSTC) and Northern Star IV (NSTD) Add Non-Redemption Agreements
Northern Star Investment Corp. III (NYSE:NSTC) and Northern Star Investment Corp. IV (NYSE:NSTD) announced this morning that each has come to identical non-redemption agreements with shareholders.
Each agreement secures 250,000 shares from redemption for its respective SPAC. ...READ MORE
Colombier Acquisition Corp. (CLBR) to Combine with PublicSq in $258M Deal
Colombier Acquisition Corp. (NYSE:CLBR) has entered into a definitive agreement to combine with values-based marketplace PublicSq at an enterprise value of $258 million.
PublicSq is developing an app-based marketplace for political conservatives in the US to seek out products aligned with their values. ...READ MORE
Mount Rainier Acquisition Corp. (RNER) Adjourns Extension Vote
Mount Rainier Acquisition Corp. (Nasdaq:RNER) announced this afternoon that it has adjourned its special meeting to vote on an extension in connection with its business combination with computing developer HUB Cyber Security Israel. ...READ MORE
SilverBox Corp. III (SBXC) Prices Upsized $120M IPO
SilverBox Corp. III priced its upsized $120 million IPO and its units are expected to begin trading on the NYSE under the symbol “SBXC.U” Tuesday, February 28, 2023.
The new SPAC intends to acquire one or more businesses with an aggregate enterprise value in excess of $750 million in an industry where it believes the expertise of its management team and its advisory group will provide it with a competitive advantage in completing a successful initial business combination. ...READ MORE
Atlantic Coastal Acquisition Corp. (ACAH) Signs Non-Redemption Agreement
Atlantic Coastal (NASDAQ:ACAH) announced in an 8-K this afternoon that it has reached agreements with one or more investors not to redeem up to 200,000 shares in its upcoming extension vote. ...READ MORE
Mercato Partners Acquisition Corporation (MPRA) to Combine with Nuvini in $312M Deal
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The Latest SPAC News and Rumors: February 27, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Colombier Acquisition Corp. nears deal with PublicSq., ViaPath discusses merger with TriStar SPAC, and Li-Cycle gets $375M loan from Dept.
...READ MORE
Aurora Technology Acquisition Corp. (ATAK) to Combine with DIH in $321.9M Deal
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Northern Star III (NSTC) and Northern Star IV (NSTD) Adjourn Extension Votes
Northern Star Investment Corp. III (NYSE:NSTC) and Northern Star Investment Corp. IV (NYSE:NSTD) announced this morning that both companies have adjourned their extension votes.
Both SPACs intended to hold their meetings on February 24, but have adjourned them until March 1 to further engage with stockholders and solicit additional votes and redemption reversals. ...READ MORE
Armada Acquisition Corp. I (AACI) Adds $250M Equity Facility to Rezolve Deal
Armada I (NASDAQ:AACI) announced this morning that it has secured a $250 million equity subscription facility for its combination with adtech firm Rezolve.
Yorkville Advisors has agreed to fund the facility, under which Rezolve will have the option to issue up to $250 million in shares for Yorkville to purchase over the first three years following the close of the business combination. ...READ MORE
BurTech Acquisition Corp. (BRKH) Announces New LOI
BurTech Acquisition Corp. (NASDAQ:BRKHU) announced that it has entered into a letter of intent (LOI) to potentially combine with sustainable natural gas producer CleanBay Renewables.
The deal would value CleanBay at $330 million and the parties expect to reach terms on a definitive agreement in the second quarter of 2023. ...READ MORE
SPAC IPO Terms Tracker: A Shortened Holiday Week
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The Latest Liquidations: February 24, 2023
Latest SPAC Liquidations: Peridot II, Agile Growth, Far Peak and FinTech Evolution Group
Peridot Acquisition Corp. II (PDOT) to Liquidate March 13
Peridot Acquisition Corp. II (NYSE: PDOT) today announced that it will redeem all of its outstanding Class A ordinary shares effective as of the close of business on March 13, 2023. ...READ MORE
M3-Brigade Acquisition Corp. II (MBAC) Inks Non-Redemption Agreement
M3-Brigade Acquisition Corp. II (NYSE:MBAC) announced this afternoon that it has entered into a non-redemption agreement with one or more unaffiliated third parties pursuant to which the third parties have agreed not to redeem an aggregate of 400,000 shares of the company’s Class A common stock at its upcoming extension meeting. ...READ MORE
Alpine Acquisition Corp. (REVE) Adjourns Vote to Complete Two Bit Entertainment Deal
Alpine Acquisition Corp. (Nasdaq: REVE) announced this afternoon that it has adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus.
The meeting, which was scheduled to occur today, has been pushed back until February 28, 2023, at 2:00 p.m. ...READ MORE
