The Latest SPAC News and Rumors: February 24, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: BurTech eyes deal with CleanBay Renewables, Lordstown halts production, and MercadoLibre Tops Estimates
CleanBay Renewables In Talks Over BurTech SPAC Deal
CleanBay Renewables Inc., ...READ MORE
Oxus Acquisition Corp. (OXUS) to Combine with Borealis Foods in $150M Deal
Oxus Acquisition Corp. (NASDAQ:OXUS) has entered into a definitive agreement to combine with foodtech company Borealis at an enterprise value of $150 million.
Oakville, Ontario-based Borealis has developed a line of plant-based ramen noodle products, which it produces through a US-based manufacturing subsidiary. ...READ MORE
Anzu Special Acquisition Corp. I (ANZU) Inks Non-Redemption Agreements
Anzu Special Acquisition Corp I (NASDAQ:ANZU) announced in an 8-K this morning that it has entered into extension support agreements effectively backstopping up to 3,311,894 shares through its February 28 extension vote. ...READ MORE
The Latest Liquidations: February 23, 2023
Latest SPAC Liquidations: ESM Acquisition Corp., Levere Holdings, Warburg Pincus Capital Corporation I-A, Warburg Pincus Capital Corporation I-B
ESM Acquisition Corp. (ESM) to Liquidate on March 10
ESM Acquisition Corporation (NYSE: ESM) today announces that it will redeem all of its outstanding ordinary shares, effective as of the close of business on March 10, 2023. ...READ MORE
Springwater Special Situations Corp. (SWSS) Adjourns Extension Vote
Springwater Special Situations Corp. (Nasdaq: SWSS) announced this afternoon that it has adjourned its special meeting.
The meeting, which was originally scheduled for today, will now take place on February 27 to allow additional time for the SPAC to engage with its stockholders regarding redemption reversals. ...READ MORE
Capitalworks Emerging Markets (CMCA) Postpones Extension Vote, Signs LOI
Capitalworks Emerging Markets Acquisition Corp. (Nasdaq: CMCA) announced this afternoon that it is postponing its special meeting from February 24 to March 1 and has signed a non-binding letter of intent (LOI). ...READ MORE
Decarbonization Plus IV (DCRD) Completes Hammerhead Resources Deal
Canadian oil and gas producer Hammerhead Resources announced this afternoon that it has completed its combination with Decarbonization Plus IV (NASDAQ:DCRD).
The combined company’s shares and warrants are expected to begin trading on the Nasdaq under the symbols “HHRS” and “HHRSW”, respectively, on February 27. ...READ MORE
The Latest SPAC News and Rumors: February 23, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Insurers win partial victory in SPAC D&O case, SEC settles charges against African Gold Acquisition Corp.,
...READ MORE
Aurora Acquisition Corp. (AURC) Postpones Extension Vote
Aurora Acquisition Corp. (NASDAQ: AURC) announced this morning that it is pushing back tomorrow’s special meeting from 9 a.m. to 5:30 p.m.
As a result of the postponement, the redemption deadline was also extended from 5:00 p.m. ...READ MORE
As Intuitive Machines (LUNR) Zooms Post-Close, Polar Nixes Forward Purchase Agreement
Polar Multi-Strategy Fund this morning announced that it opted for an early termination to its forward purchase agreement (FPA) with lunar lander designer Intuitive Machines (NASDAQ:LUNR), which closed its combination with Inflection Point Inflection Point on February 13. ...READ MORE
Podcast: Complete Solaria CEO Will Anderson and Freedom I CEO Adam Gishen
Visions of a self-sufficient energy future with solar panels on every household roof have been around for decades. But, it may take companies able to bring the full package of design, construction and financing to get more homeowners on board. ...READ MORE
The Latest Liquidations: February 22, 2023
Latest SPAC Liquidations: Good Works II
Good Works II Acquisition Corp. (GWII) to Liquidate on March 16
Good Works II Acquisition Corp. plans to redeem all of its outstanding shares of common stock that were included in the units issued in its initial public offering, effective as of the close of business on March 16, 2023. ...READ MORE
TPB Acquisition Corporation I (TPBA) Shareholders Approve Lavoro Deal
TPB Acquisition Corp I (NASDAQ:TPBA) announced its shareholders approved its combination with Lavoro at a special meeting held earlier today.
The transaction is now expected to close on February 27. The combined company’s shares and warrants are to trade on the Nasdaq the following day under the symbols “LVRO” and “LVROW”, respectively. ...READ MORE
Live Oak Mobility Acquisition Corp. (LOKM) Announces LOI
Live Oak Mobility (NYSE:LOKM) announced that it has signed a letter of intent (LOI) to combine with an auto parts manufacturer about a week out from its extension vote.
For a transaction that is still non-binding, the parties have sketched out a fair amount of proposed details. ...READ MORE
The Latest SPAC News and Rumors: February 22, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bitcoin ATMs convert software; Chinese autonomous yacht-maker eying SPAC deal; Circle circling back to growth; Oaktree investing in SPAC IPOs
Bitcoin Depot Completes Software Conversion to Bitaccess Across Full Bitcoin ATM Fleet
Lux Vending, LLC dba Bitcoin Depot, a U.S.-based ...READ MORE
Tailwind International Acquisition Corp. (TWNI) Adds Non-Redemption Agreement
Tailwind International (NYSE:TWNI) announced in an 8-K filing this morning that it has signed a non-redemption agreement with several unaffiliated third parties in connection to its extension meeting.
Under the non-redemption agreement, the third parties agreed to not redeem an aggregate of 1,900,000 Class A ordinary shares of TWNI. ...READ MORE
Marblegate Acquisition Corp. (GATE) to Combine with DePalma Companies in $755M Deal
Marblegate Acquisition Corp. (NASDAQ:GATE) has entered into a definitive agreement to combine with a number of affiliated LLCs sharing the DePalma name.
The Delaware-registered DePalma companies are holders of New York City, Philadelphia and Chicago taxi medallion assets. ...READ MORE
Podcast: Newsight Imaging Co-Founder, CEO & Chairman, Eli Assoolin
The chip shortage has been a serious headwind to many tech companies, but what has it been like for the chip makers themselves?
This week we speak with Eli Assoolin, Co-founder CEO and Chairman of Newsight Imaging. ...READ MORE