Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Newsight Imaging Ltd. ...READ MORE
Rose Hill Acquisition Corp. (NASDAQ:ROSE) announced this morning that it is pushing out its shareholder vote, originally scheduled for today, to January 12 at 3:00 p.m. ET.
This means that the SPAC’s new redemption deadline will be 5 pm ET, January 10. ...READ MORE
Fortress Capital Acquisition Corp. (NYSE:FCAX) today announced that its board of directors has determined to redeem all of its outstanding, effective as of January 18, 2023. ...READ MORE
Mount Rainier Acquisition Corp. (NASDAQ:RNER) announced this afternoon that its shareholders approved its combination with confidential computing developer HUB Cyber Security Israel at a special meeting held earlier today.
The meeting was originally scheduled for December 30 before getting pushed to today to give shareholders additional time to consider reversing redemption requests. RNER’s ...READ MORE
Model Performance Acquisition Corp. (NASDAQ:MPAC) announced this afternoon that it has completed its business combination with MultiMetaVerse.
MultiMetaVerse Inc., an animation and entertainment company devoted to establishing an open community for its global users and to providing high-quality and immersive entertainment experiences is expected to begin trading tomorrow, January 5, on the Nasdaq Global Market under the ticker symbol “MMV”. ...READ MORE
Pontem Corporation (NYSE:PNTM) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a target company.
The unnamed target, which has been in business for almost forty years, operates a multinational industrial technology business that serves diversified end markets. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A group of lenders to struggling data-center firm Cyxtera Technologies Inc.
RMG Acquisition Corporation III (NASDAQ:RMGC) announced this morning that it has signed a letter of intent (LOI) to combine with hydrogen energy systems provider H2B2 Electrolysis Technologies.
The announcement comes just a few days before RMGC’s shareholder vote next Tuesday, January 10, to extend its timeline from February 9 to August 9. ...READ MORE
Jack Creek Investment Corp (NASDAQ:JCIC) announced this morning that it is pushing out its shareholder vote scheduled for January 10, to 10:30 am ET January 12.
This means that the SPAC’s new redemption deadline is to be 5 pm ET, January 10. ...READ MORE
Kernel Group Holdings (NASDAQ:BIOT) announced in an 8-K that it has agreed to sell most of its sponsor economics and undergo a management change.
VKSS Capital is coming in to purchase 7,187,500 of the sponsor’s promote shares (94.3%) at par value $0.0001 per share, leaving the original sponsor 431,250 remaining. ...READ MORE
Deep Lake Capital Acquisition Corp. (Nasdaq: DLCA) announced that it will liquidate and intends to redeem all of the outstanding Class A ordinary shares at a per-share redemption price of approximately $10.124. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
American Acquisition Opportunity Inc.’s ...READ MORE
Below is a summary of the 2022 SPAC market.
By all counts, the number of SPAC IPOs in 2021, at 613, was a high water mark not likely to be seen again in future years.
Marlin Technology Corporation (Nasdaq: FINM) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on January 17, 2023. ...READ MORE
Dune Acquisition Corporation (NASDAQ: DUNE) announced in an 8-K this afternoon that it has settled its lawsuit with equities trading platform TradeZero and mutually terminated its combination agreement.
As a refresher, Dune launched a lawsuit against its combination partner TradeZero in April 2022 claiming that its target, “fraudulently induced” it into entering the merger and “materially breached” that agreement, causing “irreparable injury” to the SPAC. ...READ MORE
AlphaTime Acquisition Corp. priced its $60 million IPO and its units began trading on the Nasdaq under the symbol “ATMCU” Friday, December 30, 2022.
The new SPAC intends to acquire businesses in Asia that have the potential to generate strong, stable, and increasing free cash flow, particularly businesses with predictable revenue streams and definable low working capital. AlphaTime ...READ MORE
