Why stop at one SPAC deal when you can do two SPAC deals? This week we speak with Wejo (NASDAQ:WEJO) CEO Richard Barlow.
Wejo announced a business combination with TKB Critical Technologies 1 (NASDAQ:USCT) in January, about 15 months after it closed an earlier combination with Virtuoso Acquisition Corp. ...READ MORE
Pathfinder Acquisition Corp. (NASDAQ:PFDR) announced this morning that it has closed its combination with motion-capture technology company Movella.
The combined company will operate as “Movella Holdings Inc.”, and its common stock and warrants are expected to begin trading on the Nasdaq under the ticker symbol “MVLA” and “MVLAW”, respectively, on February 13. ...READ MORE
Maxpro Capital (NASDAQ:JMAC) announced in an 8-K this morning that it has entered into a PIPE agreements adding $23.65 million to its combination with drug developer Apollomics.
Of these, $21.35 million was raised at $10 per share as “Series A preferred shares”. ...READ MORE
Inflection Point Acquisition Corp. (NASDAQ:IPAX) announced in an 8-K filing this morning that it has added forward purchase agreements (FPAs) to backstop shares following the vote to complete its combination with aerospace hardware-maker Intuitive Machines. ...READ MORE
Bellevue Life Sciences Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BLACU” Friday, February 10, 2023.
The new SPAC intends to acquire a target business in the healthcare industry, specifically in the biotechnology sector developing the next generation of biologics. ...READ MORE
Pono Capital Three, Inc. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PTHRU” Friday, February 10, 2023.
The new company intends to seek a target in the disruptive technology sector with a spotlight on companies in Asia with Japan in particular. ...READ MORE
Lazard Growth Acquisition Corp. I (Nasdaq: LGAC) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of February 22, 2023. ...READ MORE
Anzu Special Acquisition Corp. I (NASDAQ:ANZU) announced this morning that it adjourned today’s special meeting to extend its completion deadline and will now be held on February 21.
Anzu had previously filed to explain its redemption and excise tax procedure around the vote. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Ocean Biomedical and Aesther Healthcare Acquisition Corp. ...READ MORE
Corner Growth Acquisition Corp. (NASDAQ: COOL) announced this morning that it has signed a letter of intent (LOI) to combine with cybersecurity solutions and services provider Noventiq (LSE: SFTL).
The London-based company enables and accelerates digital transformation for its customers’ businesses, connecting over 75,000 organizations from all sectors with hundreds of best-in-class IT vendors, alongside its own services and solutions. ...READ MORE
AMCI Acquisition Corp. II (NASDAQ:AMCI) announced this morning that it has closed its combination with carbon capture technology company LanzaTech.
The combined company’s shares are expected to begin trading on the Nasdaq on February 10 under the symbol “LNZA” and its warrants as “LNZAW”. ...READ MORE
Pathfinder Acquisition Corp. (NASDAQ:PFDR) announced in an 8-K filing that its shareholders approved its combination with motion-capture technology company Movella at a special meeting February 8.
A total of 28,961,090 shares were redeemed in connection with the vote however, removing 89.1% of the SPACs trust and leaving $36.2 million remaining. ...READ MORE
Inflection Point Acquisition Corp. (NASDAQ:IPAX) announced this afternoon that its shareholders approved its combination with space services company Intuitive Machines at a special meeting held earlier today.
At the meeting, a total of 33,753,152, or 81.89%, of Inflection Point’s issued and outstanding ordinary shares were present either in person or by proxy. ...READ MORE
AXIOS Sustainable Growth Acquisition Corp. (NYSE:AXAC) announced in an 8-K this afternoon that it has signed non-redemption agreements with one or more third parties.
The investors hold an aggregate of 400,000 shares of common stock and have agreed to not redeem their shares at AXAC’s upcoming extension meeting on February 14. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Austrian real estate investor and billionaire Rene Benko wrote off the expected benefits of a merger with cycling retailer Wiggle Group before injecting more capital into his troubled sports retail business. ...READ MORE
New Vista Acquisition Corp. (NASDAQ:NVSA) announced this morning that it is postponing its special meeting to extend its completion deadline from February 10 to 10 am ET February 15.
The SPAC’s sponsor will also now deposit $200,000 into the trust for each monthly extension up to $2.4 million if the full 12 months are required, bringing its new deadline to February 19, 2024. ...READ MORE
Seaport Global Acquisition II Corp. (NASDAQ:SGII) announced in an 8-K this morning that it has signed non-redemption agreements with investors representing 1,581,138 shares ahead of its February 13 special meeting to extend its transaction deadline. ...READ MORE
Mountain Crest Acquisition Corp. III (NASDAQ:MCAE) announced this afternoon that its shareholders approved its combination with healthcare group ETAO at a special meeting held earlier today.
The filing did not divulge redemption figures or a closing time, but the SPAC’s shares dropped to a low of $9.10 on the day of its redemption deadline, below its estimated trust value of $10.00 per share. ...READ MORE
Crown PropTech Acquisitions (NYSE: CPTK) announced that it convened and then adjourned today’s special meeting, without conducting any business, to recommence on Thursday, February 9.
At the meeting, the SPAC is looking to gain shareholder approval to extend its completion deadline by an entire year from February 11, 2023, to February 11, 2024. ...READ MORE