The Latest SPAC News and Rumors: March 14, 2023

Mar 14, 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: Investor sues over $16B United Wholesale Mortgage deal, and Freightos widens loss after listing on Nasdaq

SPAC Investor Sues Over ‘Abysmal’ $16B Mortgage Biz Merger

A special purpose acquisition company’s investor says in Delaware Chancery Court that the SPAC’s managers misled shareholders about a $16 billion merger with United Wholesale Mortgage (NYSE:UWMC) so that they could reap a return from what turned out to be an ‘abysmal’ deal. ...READ MORE

The Latest Liquidations: March 13, 2023

Mar 13, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: LDH Growth Corp. I

LDH Growth Corp. I (LDHA) to Liquidate on March 23

LDH Growth Corp I (NASDAQ: LDHA) announced today that it intends to liquidate and dissolve, effective as of the close of business on March 23, 2023, and will redeem all of the outstanding Class A ordinary shares. ...READ MORE

OceanTech Acquisition I Corp. (OTEC) Sells Sponsor Shares

Mar 13, 2023 Headline Post, INTEL by Marlena Haddad

OceanTech Acquisition I Corp. (NASDAQ:OTEC) announced this afternoon that it has entered into a purchase agreement with its sponsor, OceanTech Acquisitions I Sponsors, and a new sponsor, Aspire Acquisition. As a result, OceanTech will undergo a change in management. ...READ MORE

Continental on SPAC Trust Accounts

Mar 13, 2023 Headline Post, INTEL by Kristi Marvin

In light of the recent failure of Silicon Valley Bank and Signature Bank, there have been some inquiries as to where SPAC trusts are held. Continental Stock Transfer & Trust had already confirmed that Silicon Valley Bank was not one of their approved asset managers and therefore none of the SPACs that used Continental as a Trustee would be in danger of having their funds held there. ...READ MORE

The Latest SPAC News and Rumors: March 13, 2023

Mar 13, 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: TRISO-X completes fuel test to power nuclear thermal propulsion in space and Arrival expects annual losses as high as $1B

TRISO-X Successfully Completes Fuel Test to Power Nuclear Thermal Propulsion in Space

TRISO-X LLC a wholly owned subsidiary of X-Energy Reactor Company, LLC that primarily develops and designs tri-structural isotropic particle fuel, today announced the successful test of its coated particle fuel for nuclear thermal propulsion applications, marking a major step toward a one-of-a-kind, nuclear-powered rocket. ...READ MORE

Mobiv Acquisition Corp. (MOBV) to Combine with SRIVARU in $195M Deal

Mar 13, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

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Worldwide Webb Acquisition Corp. (WWAC) to Combine with Aeries Technology in $656M Deal

Mar 13, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Podcast: Zapp Founder & CEO Swin Chatsuwan and CIIG II Co-Ceo Gavin Cuneo

Mar 13, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

Whether you’re bullish on the North American EV car boom or not, there are exciting things happening on two wheels in Europe and Asia.

This week, we speak with Swin Chatsuwan, Founder and CEO of Zapp. ...READ MORE

SPAC IPO Terms Tracker: First Full Week of March

Mar 11, 2023 Headline Post, INTEL by Kristi Marvin

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The Latest Liquidations: March 10, 2023

Mar 10, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Dragoneer Growth Opportunities Corp. III

Dragoneer Growth Opportunities Corp. III (DGNU) to Liquidate on March 24

Dragoneer Growth Opportunities Corp. III (Nasdaq: DGNU) announced that it intends to dissolve and liquidate. The ...READ MORE

KINS Technology Group (KINZ) Shareholders Approve Inpixon Deal

Mar 10, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

KINS Technology Group Inc. (NASDAQ:KINZ) announced its shareholders have approved its combination with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application at a special meeting held earlier today.

Holders of 7,097,290 shares of KINS common stock were present at today’s meeting, representing 97.39% of KINS’ common stock outstanding. ...READ MORE

DiamondHead Holdings Corp. (DHHC) Postpones Completion Vote for Great Southern Homes

Mar 10, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this afternoon that it has rescheduled its special meeting to complete its transaction with homebuilding company Great Southern Homes, Inc.

The company originally planned to hold the completion vote on March 14, but will now be pushing it back until March 23 at 10:00 a.m. ...READ MORE

BYTE Acquisition Corp. (BYTS) Signs $290M LOI with Airship AI

Mar 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Monterey Bio Acquisition Corp. (MTRY) Sells Sponsor Shares and Rebrands

Mar 10, 2023 Headline Post, INTEL by Marlena Haddad

Monterey Bio Acquisition Corp. (NASDAQ:MTRY) announced in an 8-K this morning that its co-sponsors, NorthStar Bio Ventures and Chardan Monterey Investments, entered into a share transfer agreement and will rebrand the company. ...READ MORE

JATT Acquisition Corp. (JATT) Expands FPA for Zura Bio Deal

Mar 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

JATT (NYSE:JATT) announced in an 8-K this morning that it will now issue 2,500,000 new shares to its FPA investors following the close of its business combination with Zura Bio.

FPA investors Athanor Master Fund and affiliates already agreed to expand their FPA purchases last month to 3,000,000 shares at $10 per share and provide a binding redemption backstop of $15 million covering any redemptions in excess of 90%. ...READ MORE

The Latest Liquidations: March 9, 2023

Mar 9, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Pine Technology, and Colonnade Acquisition Corp. II

Pine Technology Acquisition Corp. (PTOC) to Liquidate on March 10

On March 9, 2023, the board of directors of Pine Technology Acquisition Corp. ...READ MORE

The Latest Non-Redemption Agreements: March 9, 2023

Mar 9, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Inception Growth

Inception Growth Acquisition Limited (IGTA) Adds Non-Redemption Agreement

On March 8, Inception Growth (NASDAQ:IGTA) and its sponsor, Soul Venture Partners LLC, entered into non-redemption agreements with certain unaffiliated third parties holding 1,200,000 shares. In ...READ MORE

Silver Spike Acquisition Corp. II (SPKB) Intends to Adjourn Extension Vote Indefinitely

Mar 9, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Silver Spike Acquisition Corp. II (NYSE:SPKB) announced in an 8-K this afternoon that it intends to adjourn its extension meeting indefinitely.

The SPAC originally scheduled its vote for March 6, but adjourned it to tomorrow, March 10, hoping that the extra days would give its sponsor more time to engage with its investors and possibly ink non-redemption agreements which have become increasingly common. ...READ MORE

Athena Consumer (ACAQ) FPA for e.GO Deal Terminated

Mar 9, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Athena Consumer (NYSE:ACAQ) announced in an 8-K this afternoon that its forward purchase agreement (FPA) for up to 15,000,000 shares with Vellar Opportunity Fund has been terminated.

The filing provided no other detail on the cause or context to the termination. ...READ MORE

The Latest SPAC News and Rumors: March 9, 2023

Mar 9, 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: Marti takes on Istanbul’s top cab group in legal battle, Faraday Future on track to start production of electric SUV, and Presto to use ChatGPT AI

Turkish Ride App Marti Takes on Taxi Boss in Fight for Istanbul’s Megacity Market

Turkish mobility app Marti is in a legal battle over its new taxi-hailing service with Istanbul’s top yellow cab group, as the tech company prepares to list on the New York Stock Exchange through a merger with Galata (NYSE:GLTA). ...READ MORE