Metal Sky Star Acquisition Corp. (MSSA) to Combine with Future Dao Group
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Digital Health (DHAC) Amends Backstop for VSee and iDoc Deal
Digital Health (NASDAQ:DHAC) announced in an 8-K this morning that it has amended its previously announced backstop agreement in connection to its business combination with telehealth software firm VSee and digital healthcare provider iDoc. ...READ MORE
The Latest Liquidations: April 11, 2023
Latest SPAC Liquidations: Tio Tech A, Horizon Acquisition Corp. II, Eucrates Biomedical, and InterPrivate IV InfraTech Partners Inc.
Tio Tech A (TIOA) to Liquidate on April 21
On April 11, Tio Tech A (NASDAQ:TIOA) announced that it will be unable to complete an initial business combination and intends to redeem all of the outstanding Class A ordinary shares on or about April 24. ...READ MORE
Fintech Ecosystem Development Corp. (FEXD) Adjourns Extension Vote
Fintech Ecosystem Development Corp. (NASDAQ:FEXD) announced that it will adjourn tomorrow’s extension vote and will reconvene the meeting at 10:00 am ET on April 20 in order to change the terms of the extension proposal. ...READ MORE
Blue Safari Group Acquisition Corp. (BSGA) Shareholders Approve Bitdeer Deal
Blue Safari (NASDAQ:BSGA) announced in an 8-K this afternoon that its shareholders approved its combination with crypto mining group Bitdeer at a special meeting held earlier today.
Holders of 2,974,230 ordinary shares of BSGA were present, representing approximately 84.8% of the total ordinary shares of BSGA, at today’s meeting. ...READ MORE
Lakeshore Acquisition II Corp. (LBBB) Signs Standby Equity Purchase Agreement
Lakeshore II (NASDAQ:LBBB) filed an 8-K this afternoon announcing it has signed a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd. (“Yorkville”) in relation to its proposed Business Combination with Nature’s Miracle, Inc. ...READ MORE
The Latest SPAC News and Rumors: April 11, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Aeries Technology launches cyber security managed services offering
Aeries Technology Launches Cyber Security Managed Services Offering
Aeries Technology, a global professional services and consulting partner for business leadership teams, private equity sponsors, and their portfolio companies, today announced the launch of its cyber security managed services offering, giving companies access to world-class cyber security services and Information Security Management Systems (ISMS) designed to meet and exceed the standards of an enterprise-level Chief Information Security Officer at a lower cost of hiring in-house experts. ...READ MORE
Cascadia Acquisition Corp. (CCAI) Terminates RealWear Deal
Cascadia Acquisition Corp (NASDAQ:CCAI) announced this morning that it has terminated its deal with wearable technology-maker RealWear.
With limited details on the termination, it remains unclear if the breakup was mutual and if Cascadia will continue its search for an alternative target. ...READ MORE
Rosecliff Acquisition Corp. I (RCLF) to Combine with Spectral MD in $170M Deal
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The Latest Liquidations: April 10, 2023
Latest SPAC Liquidations: Panacea Acquisition Corp. II
Panacea Acquisition Corp. II (PANA) to Liquidate
Panacea Acquisition Corp. II (NASDAQ:PANA) announced that it will liquidate and redeem its shares as promptly as possible, but no later than April 21. ...READ MORE
The Latest SPAC News and Rumors: April 10, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: De-SPACs log billions of dollars in goodwill write-downs
Companies That Went Public via SPACs Log Billions of Dollars in Goodwill Write-Downs
Companies that went public through mergers with SPACs in recent years booked billions of dollars in goodwill write-downs in 2022, reflecting in part a reckoning of the heady premiums paid to secure deals during the SPAC boom.
SPAC IPO Terms Tracker: A Quiet Holiday Week
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The Latest Non-Redemption Agreements: April 7, 2023
Latest Non-Redemption Agreements: Concord Acquisition Corp. III
Concord Acquisition Corp. III (CNDB) Adds Non-Redemption Agreement
On April 6, 2023, Concord Acquisition Corp. III (NYSE:CNDB) and its sponsor entered into one or more agreements with one or more third parties in exchange for them agreeing not to redeem shares of an unknown number of the company’s Class A common stock in connection with its extension meeting to be held May 4, 2023. ...READ MORE
The Latest Liquidations: April 7, 2023
Latest SPAC Liquidations: Games & Esports Experience Acquisition Corp.
Games & Esports Experience Acquisition Corp (GEEX) to Liquidate
Games & Esports Experience Acquisition Corp. (Nasdaq: GEEX) announced today that it will redeem all of the issued and outstanding Class A ordinary shares on or prior to April 14, 2023, because the Company’s sponsor has determined that it will not make an additional contribution to the Company’s trust account required in order to extend the April 7, 2023 deadline. ...READ MORE
Kensington Capital Acquisition Corp. V (KCGI) to Combine with Arrival in $524M Deal
Kensington V (NYSE:KCGI) has entered into a definitive agreement to combine with EV-maker Arrival (NASDAQ:ARVL) at an enterprise value of $524 million.
Luxembourg-based Arrival manufactures EV cargo delivery vehicles using proprietary micro-factory manufacturing processes. ...READ MORE
The Latest Non-Redemption Agreements: April 6, 2023
Latest Non-Redemption Agreements: Banyan, ShoulderUp Technology, and ExcelFin
Banyan Acquisition Corp. (BYN) Adds Non-Redemption Agreement
In connection with the extension meeting of Banyan Acquisition Corporation (NYSE:BYN), the company and its sponsor have entered into a non-redemption agreement with an unaffiliated third party, pursuant to which such third party has agreed not to redeem an aggregate of 559,600 shares of Class A common stock. ...READ MORE
The Latest SPAC News and Rumors: April 6, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Chamath Palihapitiya says higher rates have created ‘wave of destruction’ and DigiAsia Bios looks to expand abroad post SPAC merger
SPAC king Chamath Palihapitiya says higher rates have created ‘wave of destruction’ across whole sectors
Higher interest rates are sowing chaos across businesses and whole sectors of the market, according to “SPAC king” Chamath Palihapitiya. ...READ MORE
Viveon Health Acquisition Corp. (VHAQ) to Combine with Clearday in $370M Deal
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The Latest Non-Redemption Agreements: April 5, 2023
Latest Non-Redemption Agreements: Atlantic Coastal Acquisition Corp. II
Atlantic Coastal Acquisition Corp. II (ACAB) Adds Non-Redemption Agreement
In connection with the special meeting of the stockholders of Atlantic Coastal Acquisition Corp. ...READ MORE
The Latest Liquidations: April 5, 2023
Latest SPAC Liquidations: dMY Technology Group VI
dMY Technology Group, Inc. VI (DMYS) to Liquidate
dMY Technology Group, Inc. VI (NYSE: DMYS) announced today that the independent and disinterested Directors made a reasonable determination, that it would not be in the best interests of those involved to proceed with the combination with Rain Enhancement Technologies. ...READ MORE