The Latest SPAC News and Rumors: April 5, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC drops 8% amid Trump’s arraignment, and Avanseus announces version 6.0 of Augmented Operations platform
Trump SPAC Digital World drops amid former president’s arraignment, delayed 10-K filing
Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Donald Trump’s social media company and Truth Social app public, fell 8% as the former president was formally arraigned on charges related to alleged hush-money payments made during the 2016 presidential campaign. ...READ MORE
CIIG Capital Partners II Inc. (CIIG) to Adjourn Completion Vote
CIIG Capital Partners II (NASDAQ:CIIG) announced this morning that it intends to adjourn its April 12 special meeting to approve its combination with EV motorcycle company Zapp to Friday, April 14 at 10 am ET. ...READ MORE
Podcast: Sudhir Panikassery, Founder & CEO of Aeries Technology, and Daniel Webb of Worldwide Webb
SPACs have been searching hard for combination targets with lean balance sheets and strong cash flow. So, why not combine with a company that helps other companies develop lean balance sheets and strong cash flow? ...READ MORE
The Latest SPAC News and Rumors: April 4, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Virgin Orbit files for bankruptcy
Branson’s Rocket-Launch Firm Virgin Orbit Files for Bankruptcy
Virgin Orbit Holdings Inc. ...READ MORE
The Latest Non-Redemption Agreements: April 3, 2023
Latest Non-Redemption Agreements: Worldwide Webb
Worldwide Webb (WWAC) Adds Non-Redemption Agreement
On March 31, 2023, Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) entered into non-redemption agreements with certain unaffiliated third parties holding an aggregate of 4,935,000 Class A ordinary shares. ...READ MORE
The Latest Liquidations: April 3, 2023
Latest SPAC Liquidations: TPG Pace Beneficial II Corp.
TPG Pace Beneficial II Corp. (YTPG) to Liquidate on April 17
TPG Pace Beneficial II Corp. (NYSE:YTPG) will redeem all of its outstanding Class A ordinary shares, effective as of April 17, 2023. ...READ MORE
Insight Acquisition Corp. (INAQ) to Combine with Avila Energy in $192M Deal
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The Latest SPAC News and Rumors: April 3, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Boxed files for Chapter 11 bankruptcy
Online Bulk Retailer Boxed Files for Chapter 11 Bankruptcy
Boxed Inc. ...READ MORE
Deep Medicine Acquisition Corp. (DMAQ) to Combine with TruGolf in $125M Deal
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dMY Technology Group, Inc. VI (DMYS) Adds FPA to Rainwater Tech Deal
dMY Technology Group, Inc. VI (NYSE:DMYS) announced in an 8-K this morning that it has entered into a forward purchase agreement with Meteora in connection to its business combination with rainfall generation technology Rainwater Tech. ...READ MORE
First Quarter of 2023 SPAC Review
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SPAC IPO Terms Tracker: Closing Out the Month of March
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Hudson Acquisition I Corp. (HUDA) Announces LOI
Hudson Acquisition I Corp. (NASDAQ:HUDA) announced that it has signed a non-binding letter of intent (LOI) to combine with a pre-clinical-stage biotechnology company.
The SPAC did not provide many details on the unnamed target, but disclosed that the biotech company is focused on developing intranasal preventives for major disease-causing respiratory viruses. ...READ MORE
The Latest SPAC News and Rumors: March 31, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Shares of Digital World jump after Trump’s indictment, and pair of Delaware Chancery court decisions deny motions to dismiss SPAC shareholder’s fiduciary breach claims
Trump-Tied SPAC’s Shares Jump After Historic New York Charge
The criminal case against Donald Trump is providing a lift to the blank-check firm taking his media company public, as well as other stocks tied to the former president, as traders bet the news will drive traffic to conservative outlets. ...READ MORE
New SPAC: Ares Acquisition Corporation II Files for $400M IPO
Ares Acquisition Corporation II (NYSE:AACT) filed its S-1 yesterday afternoon for a $400 million IPO, marking the second SPAC to file for an IPO in March and the largest since December 20, 2021, when Gores Holdings X Inc. ...READ MORE
The Latest Liquidations: March 30, 2023
Latest SPAC Liquidations: TCV Acquisition Corp.
TCV Acquisition Corp. (TCVA) to Liquidate on April 13
TCV Acquisition Corp. (Nasdaq: TCVA) announced that it intends to dissolve and liquidate. It will redeem all of the outstanding Class A ordinary shares that were included in its initial public offering at a per-share redemption price of approximately $10.24. ...READ MORE
Diamond Head Holdings Corp. (DHHC) Closes Great Southern Homes Deal
DiamondHead Holding Corps. (NASDAQ:DHHC) announced that it has closed its combination with Great Southern Homes and the combined company will be renamed United Homes Group.
The deal was approved by shareholders during a meeting last Thursday, and only 109,426 shares were redeemed in connection with the vote, but DiamondHead saw about 87% redemptions in total across all previous votes, leaving it with about $43.9 million in its trust. ...READ MORE
The Latest SPAC News and Rumors: March 30, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Volta sued over SPAC deal, Liberty Resources establishes M&A Transition Taskforce, and chancery validates SPACs’ charter amendments and share issuances
Volta Sued Over SPAC Deal as $169M Shell Sale Is Approved
An investor sued Volta Inc.