The Latest SPAC News and Rumors: February 2, 2023

Feb 2, 2023 Headline Post, 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: Mondee acquires Orinter for $40M, Fisker, ChargePoint and Lucid say court decision creates ‘uncertainty’, and Getaround gets delisting warning from NYSE

Mondee gains foothold in Brazil with Orinter acquisition

Travel marketplace and technology platform Mondee (NASDAQ:MOND) has acquired Brazil-based travel provider Orinter in a transaction valued at $40 million. ...READ MORE

The Latest Liquidations: February 2, 2023

Feb 2, 2023 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Latest SPAC Liquidations: Itiquira Acquisition Corp., Biotech Acquisition Company

Itiquira Acquisition Corp. (ITQ) to Liquidate on February 14

Itiquira Acquisition Corp. (Nasdaq: ITQ) announced today it intends to dissolve and liquidate at an estimated per-share redemption price of approximately $10.17. ...READ MORE

Ackman Files New Revised S-1 for SPARC

Feb 2, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Bill Ackman is still tinkering with his SPARCs.

In a new S-1/a filed this morning, the Pershing Square founder provided an update to his proposed model that is “not a SPAC”, but that would do some SPAC-like things. ...READ MORE

The Latest Liquidations: February 1, 2023

Feb 1, 2023 Headline Post, INTEL by Marlena Haddad

Latest SPAC Liquidations: DTRT Health Acquisition Corp., Seaport Calibre Materials Acquisition Corp.

DTRT Health (DTRT) to Liquidate on January 30

On January 30, 2023, the stockholders of DTRT Health Acquisition Corp. (Nasdaq: DTRT) approved an amendment to allow the company to redeem all of its issued and outstanding shares of Class A common stock in advance of its current termination date of March 7, 2023 by changing the date to January 30, 2023. ...READ MORE

AMCI Acquisition Corp. II (AMCI) Adjourns Vote to Complete LanzaTech Deal

Feb 1, 2023 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

AMCI Acquisition Corp. II (NASDAQ:AMCI) announced this afternoon that it has adjourned its special meeting to complete its transaction with sustainable materials-maker LanzaTech.

The meeting, which was scheduled to occur today at 11:00 a.m., ...READ MORE

SPACs Reducing Redemption Values Due to Excise Tax Are in the Crosshairs

Feb 1, 2023 Headline Post, INTEL by Kristi Marvin

The grumblings are getting louder…

The 1% excise tax on share buybacks is still causing ripple effects throughout the SPAC ecosystem. It’s a game of whack-a-mole where the issue never goes away, or like a SPAC virus that keeps spawning variants. ...READ MORE

The Latest SPAC News and Rumors: February 1, 2023

Feb 1, 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: Hollywood’s Chernin, Banijay’s owner in talks to buy ITV Studios, Westrock Coffee to develop new distribution center, and NRC begins public engagement for TRISO-X nuclear fuel facility license

Hollywood’s Chernin, Banijay’s owner in talks on ITV Studios

Veteran Hollywood producer Peter Chernin and the owner of French TV production group Banijay have expressed an interest in buying a stake in UK broadcaster ITV’s Studios, the maker of hit show “Love Island”, sources familiar with the matter told Reuters. ...READ MORE

Pono Capital Two (PTWO) to Combine with SBC Medical Group in $1.2Bn Deal

Feb 1, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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New Vista Acquisition Corp. (NVSA) Signs LOI with Verijet

Feb 1, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

New Vista Acquisition Corp. (NASDAQ: NVSA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with private aviation firm Verijet Holding Company LLC.

Although details on the proposed merger remain limited for the time being, the SPAC expects to announce further information once a definitive agreement has been finalized. New ...READ MORE

Podcast: Tempo Automation President & CEO Joy Weiss and Chairman Behrooz Abdi

Feb 1, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

Electronics manufacturing is a huge sector, but it’s also fragmented, particularly at the early stages of a new product’s lifecycle.

With its SPAC deal, Tempo Automation (NASDAQ:TMPO) is hoping to change that. ...READ MORE

Crown PropTech Acquisitions (CPTK) Inks Non-Redemption Agreements

Feb 1, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Crown PropTech Acquisitions (NYSE:CPTK) announced in an 8-K this morning that it is offering certain investors a share of promote shares in exchange for not redeeming their Class A shares at an upcoming February 7 extension vote. ...READ MORE

The Latest Liquidations: January 31, 2023

Jan 31, 2023 Headline Post, INTEL by Marlena Haddad

Latest SPAC Liquidations: Ascendant Digital Acquisition Corp. III, Mason Industrial Technology, Catalyst Partners Acquisition Corp.

Ascendant Digital III (ACDI) to Liquidate on February 16

Ascendant Digital Acquisition Corp. III (NYSE: ACDI) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 16, 2023. ...READ MORE

Armada Acquisition Corp. I (AACI) Postpones Extension Vote for Third Time

Jan 31, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Armada I (NASDAQ:AACI) announced this afternoon that it has further postponed its extension vote, marking the third postponement for its special meeting.

The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, then January 31, and is now scheduling it for February 2. ...READ MORE

Cetus Capital Acquisition Corp. (CETUU) Prices $50 Million IPO

Jan 31, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

Cetus Capital Acquisition Corp. priced its $50 million IPO and its units began trading on the Nasdaq under the symbol “CETUU” Wednesday, February 1, 2023.

The new company intends to focus its search for a target business in the industrials, information technology and Internet-of-Things industries with an intention to initially prioritize Taiwan. ...READ MORE

Tailwind Acquisition Corp. (TWND) Closes NUBURU Deal

Jan 31, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Tailwind Acquisition Corp. (NYSE:TWND) announced this afternoon that it has closed its combination with laser technology firm NUBURU.

The SPAC’s shareholders approved the deal at a special meeting held in December 2022, but did not provide a closing date at that time. ...READ MORE

SPAC Lock-Up Expirations to Watch in February 2023

Jan 31, 2023 Headline Post, INTEL by Nicholas Alan Clayton

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Revelation Biosciences to Implement Reverse Stock Split

Jan 31, 2023 INTEL by Marlena Haddad

Revelation Biosciences (NASDAQ: REVB), which completed a merger transaction with Petra Acquisition, announced this afternoon that it will implement a 1-for-35 reverse split of its common stock.

The company gained shareholder approval for the reverse stock split at a special meeting held yesterday and will be effective as of tomorrow morning, February 1. ...READ MORE

The Latest SPAC News and Rumors: January 31, 2023

Jan 31, 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: Arrival appoints new CEO after laying off 50% of workforce, Hambro SPAC ditches merger talks with Istesso, and DocGo partners with Dollar General

EV startup Arrival appoints new CEO, posts plan to lay off 50% of its workforce

UK-based electric vehicle startup Arrival has announced plans to lay off half of its workforce as part of its efforts to cut costs. ...READ MORE

L Catterton Asia Acquisition Corp (LCAA) to Combine with Lotus Technology in $5.4Bn Deal

Jan 31, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Beard Energy Transition (BRD) and Berenson I (BACA) Cancel Extension Meetings

Jan 31, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Beard Energy Transition (NYSE:BRD) and Berenson I (NYSE:BACA) announced this morning that they will be canceling their special meetings to extend transaction deadlines.

Beard Energy disclosed that it intends to withdraw from consideration by its stockholders the proposals set forth in the proxy. ...READ MORE