Finnovate Acquisition Corp. (FNVT) Sells Founder Shares

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The Latest SPAC News and Rumors: May 3, 2023


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  Bridgetown Holdings nears merger with Hyphen, Bhutan’s investment arm and Bitdeer plan a $500M fund for crypto mining, and Ares’s $500M SPAC marks return of jumbo blank-check firms


Billionaire-Thiel Backed SPAC Is Said to Near Merger With Hyphen 

Bridgetown Holdings Ltd. ...READ MORE

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

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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

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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

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

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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

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