The Latest SPAC News and Rumors: December 23, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Northern Star II (NSTB), Pivotal III (PICC) Ink Non-Redemption Pacts
Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) each announced this morning that they have signed non-redemption agreements a day after adjourning their extension votes.
The moves are functionally identical with each securing the agreement of third parties not to redeem a total of 200,000 shares in each SPAC that were previously purchased at the vehicles’ IPOs. ...READ MORE
Biotech Acquisition Company (BIOT) Sells Sponsor Economics
Biotech Acquisition Company (NASDAQ:BIOT) announced in an 8-K that it has agreed to sell most of its sponsor economics and undergo a management change.
An investor registered as IREEM LLC is purchasing 5,455,000 of Biotech’s promote shares (94.8%) and all 6,000,000 of its private placement warrants for $470,000 in total. ...READ MORE
The Latest Liquidations: December 22, 2022
Latest SPAC Liquidations: AF Acquisition Corp., and Property Solutions II
AF Acquisition Corp. (AFAQ) to Liquidate on December 22
AF Acquisition Corp’s (NASDAQ:AFAQ) board of directors has determined to liquidate and dissolve the company as soon as practicable before December 31, 2022. ...READ MORE
Northern Star II (NSTB) and Pivotal Investment III (PICC) Adjourn Extension Votes
Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) both announced this afternoon that their extension votes, originally scheduled for today, have been adjourned to December 28.
Both SPACs expect to use this additional time to engage with their stockholders and solicit redemption reversals. ...READ MORE
Far Peak Acquisition Corp. (FPAC) Terminates Bullish Deal
Far Peak Acquisition Corporation (NYSE: FPAC) announced in a statement this afternoon that it has mutually terminated its combination agreement with cryptocurrency exchange Bullish.
The SPAC combination had an Outside Date of December 31, 2022, and it appears the transaction timeline did not unfold as originally anticipated and had yet to clear the SEC. ...READ MORE
The Latest SPAC News and Rumors: December 22, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bird gets lifeline from independent Canadian subsidiary, Disruptive Capital launches £125m share buyback, and Core Scientific files for bankruptcy
E-scooter company Bird gets lifeline from independent Canadian subsidiary
E-scooter sharing firm Bird Canada Inc. ...READ MORE
Horizon Space Acquisition I Corp. (HSPOU) Prices $60M IPO
Horizon Space Acquisition I Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HSPOU” Thursday, December 22, 2022.
The new SPAC intends to acquire emerging growth companies that either grow into a position to generate cash or are already cash-generative. ...READ MORE
The Latest Liquidations: December 21, 2022
Latest SPAC Liquidations: Iron Spark I Inc., Monument Circle, EQ Health, Shelter I, Sports Ventures, and Catalyst Partners
Iron Spark I Inc. (ISAA) to Liquidate on December 28
The Latest SPAC News and Rumors: December 21, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hedge fund accuses Concord SPAC backers of pocketing breakup fee, Virgin Group puts another $20M into Virgin Orbit, and X-Energy completes key safety system prototype
Hedge Fund Accuses Concord SPAC Backers of Pocketing Breakup Fee
Concord Acquisition Corp.’s
COVA Acquisition Corp. (COVA) Closes ECARX Holdings Deal
COVA Acquisition Corp. (NASDAQ:COVA) announced this morning that its shareholders have approved and closed its business combination with global mobility tech company ECARX Holdings during a special meeting held on Wednesday, December 14. ...READ MORE
The Latest Liquidations: December 20, 2022
Latest SPAC Liquidations: Class Acceleration, SOAR Technology, and Argus Capital
Class Acceleration Acquisition Corp. (CLAS) to Liquidate on December 29
Class Acceleration’s (NYSE:CLAS) board of directors has determined to liquidate and dissolve the company as soon as practicable before December 31, 2022. ...READ MORE
Model Performance Acquisition Corp. (MPAC) Adjourns Vote for MultiMetaVerse Deal
Model Performance Acquisition Corp (NASDAQ:MPAC) announced in an 8-K that today’s special meeting to approve its $300 million combination with MultiMetaVerse has been adjourned to December 28.
The SPAC did not disclose why the meeting was adjourned, but as of its last vote date on September 28, Model Performance had received requests to redeem a total of 3,508,994 shares, representing 61.03% of its trust. ...READ MORE
The Latest SPAC News and Rumors: December 20, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: EQT Private Equity completes acquisition of Billtrust, Truth Social introduces direct messaging to platform, and Florida Office of Insurance Regulation approves East Resources business combination with Abacus Life
EQT Private Equity completes acquisition of Billtrust in $1.7B deal
Global investment firm EQT Private Equity has completed its acquisition of B2B payments company Billtrust (NASDAQ:BTRS). ...READ MORE
HCM Acquisition Corp (HCMA) Postpones Extension Vote
HCM Acquisition Corp (NASDAQ:HCMA) announced in an 8-K that it would postpone its special meeting set for 10 am ET this morning to extend the company’s transaction deadline. The meeting will be held, if at all, at a later date to be determined by the board of directors of the Company. ...READ MORE
AlphaVest Acquisition Corp. (ATMVU) Prices $60M IPO
AlphaVest Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ATMVU” Tuesday, December 20, 2022.
The new SPAC intends to focus its search on businesses in Asia, and is not limited to a particular industry or geographic region. ...READ MORE
The Latest Liquidations: December 19, 2022
Latest SPAC Liquidations: MDH, RXR, and Oyster Enterprises
MDH Acquisition Corp. (MDH) to Liquidate on December 29
MDH Acquisition Corp. (NYSE: MDH) filed a definitive proxy statement relating to a special meeting of stockholders to redeem all of its outstanding shares of Class A common stock by changing the company’s liquidation date from February 4, 2023 to December 29, 2022. ...READ MORE