Priveterra Acquisition Corporation (PMGM) Postpones Extension Vote Again

Feb 6, 2023 De-SPAC Votes and Redemptions, Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it has rescheduled its extension vote for a second time, now set for noon, February 10.

The SPAC is also now seeking pulling back the final length of the extension from September 11 to August 11. ...READ MORE

AMCI Acquisition Corp. II (AMCI) Adds FPA to LanzaTech Deal

Feb 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

AMCI Acquisition Corp. II (NASDAQ:AMCI) announced in an 8-K this morning that it has signed a new forward purchase agreement (FPA) covering up to two-thirds of its outstanding public shares.

The agreement comes in the form of an over-the-counter equity prepaid forward transaction, under which the investor, ACM ARRT H, will purchase up to 10,000,000 shares previously tendered for redemption before close. ...READ MORE

SPAC IPO Terms Tracker: A Decent Start to February 2023

Feb 4, 2023 Headline Post, INTEL by Kristi Marvin

To access this post, you must purchase 1 - User: Monthly Plan.

Forest Road II (FRXB), 10X Capital Venture III (VCXB) Mutually Terminate Deals

Feb 3, 2023 Headline Post, INTEL by Marlena Haddad

Forest Road II (NYSE:FRXB) and 10X Capital Venture III (NYSE:VCXB) both announced this afternoon that they have mutually terminated their business combinations.

Forest Road II intended to combine with transportation technology developer HyperloopTT, but the parties decided to nix the deal due to timing constraints along with unfavorable market conditions. ...READ MORE

Intelligent Medicine (IQMD), AMCI II (AMCI) Adjourn Shareholder Votes

Feb 3, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) and AMCI Acquisition Corp. II (Nasdaq: AMCI) announced this afternoon that they have adjourned their special meetings with shareholders.

Intelligent Medicine originally scheduled its meeting to be held today, but is now postponing its vote until Wednesday, February 8. ...READ MORE

The Latest SPAC News and Rumors: February 3, 2023

Feb 3, 2023 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: Comcast dumps 18.5% of its BuzzFeed stock

Comcast Dumps 6 Million Shares of Buzzfeed After Media Company Finally Gets a Bump

Comcast dumped 18.5% of its BuzzFeed (NASDAQ:BZFD) stock in recent days, reducing its holdings in the online media company to just under 20% of the shares. ...READ MORE

Viveon Health Acquisition Corp. (VHAQ) Unilaterally Terminates Suneva Deal

Feb 3, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Viveon Health (NYSE:VHAQ) announced this morning that it is unilaterally terminating its combination with Suneva Medical “based upon material breaches” of the merger agreement.

The SPAC did not elaborate further on its claims against Suneva, but noted it will continue on and seek a new business combination. ...READ MORE

FAST Acquisition II (FZT) Re-Strikes Falcon’s Beyond Deal

Feb 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

FAST II (NYSE:FZT) announced this morning that it has amended its combination with resort operator Falcon’s Beyond, shifting more value from both sides into earn-outs.

The deal’s $1 billion enterprise value technically remains, but Falcon’s Beyond shareholders will receive less equity at close. ...READ MORE

A SPAC I Acquisition Corp. (ASCA) Postpones Extension Vote

Feb 2, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

A SPAC I Acquisition Corp. (NASDAQ:ASCA) announced this afternoon that it has adjourned its special meeting to extend its timeline to complete a business combination.

The meeting was originally scheduled to be held today, but is now being postponed until February 13 due to a change in terms for its extension. A ...READ MORE

The Latest SPAC News and Rumors: February 2, 2023

Feb 2, 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: Mondee acquires Orinter for $40M, Fisker, ChargePoint and Lucid say court decision creates ‘uncertainty’, and Getaround gets delisting warning from NYSE

Mondee gains foothold in Brazil with Orinter acquisition

Travel marketplace and technology platform Mondee (NASDAQ:MOND) has acquired Brazil-based travel provider Orinter in a transaction valued at $40 million. ...READ MORE

The Latest Liquidations: February 2, 2023

Feb 2, 2023 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Latest SPAC Liquidations: Itiquira Acquisition Corp., Biotech Acquisition Company

Itiquira Acquisition Corp. (ITQ) to Liquidate on February 14

Itiquira Acquisition Corp. (Nasdaq: ITQ) announced today it intends to dissolve and liquidate at an estimated per-share redemption price of approximately $10.17. ...READ MORE

Ackman Files New Revised S-1 for SPARC

Feb 2, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Bill Ackman is still tinkering with his SPARCs.

In a new S-1/a filed this morning, the Pershing Square founder provided an update to his proposed model that is “not a SPAC”, but that would do some SPAC-like things. ...READ MORE

The Latest Liquidations: February 1, 2023

Feb 1, 2023 Headline Post, INTEL by Marlena Haddad

Latest SPAC Liquidations: DTRT Health Acquisition Corp., Seaport Calibre Materials Acquisition Corp.

DTRT Health (DTRT) to Liquidate on January 30

On January 30, 2023, the stockholders of DTRT Health Acquisition Corp. (Nasdaq: DTRT) approved an amendment to allow the company to redeem all of its issued and outstanding shares of Class A common stock in advance of its current termination date of March 7, 2023 by changing the date to January 30, 2023. ...READ MORE

AMCI Acquisition Corp. II (AMCI) Adjourns Vote to Complete LanzaTech Deal

Feb 1, 2023 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

AMCI Acquisition Corp. II (NASDAQ:AMCI) announced this afternoon that it has adjourned its special meeting to complete its transaction with sustainable materials-maker LanzaTech.

The meeting, which was scheduled to occur today at 11:00 a.m., ...READ MORE

SPACs Reducing Redemption Values Due to Excise Tax Are in the Crosshairs

Feb 1, 2023 Headline Post, INTEL by Kristi Marvin

The grumblings are getting louder…

The 1% excise tax on share buybacks is still causing ripple effects throughout the SPAC ecosystem. It’s a game of whack-a-mole where the issue never goes away, or like a SPAC virus that keeps spawning variants. ...READ MORE

The Latest SPAC News and Rumors: February 1, 2023

Feb 1, 2023 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: Hollywood’s Chernin, Banijay’s owner in talks to buy ITV Studios, Westrock Coffee to develop new distribution center, and NRC begins public engagement for TRISO-X nuclear fuel facility license

Hollywood’s Chernin, Banijay’s owner in talks on ITV Studios

Veteran Hollywood producer Peter Chernin and the owner of French TV production group Banijay have expressed an interest in buying a stake in UK broadcaster ITV’s Studios, the maker of hit show “Love Island”, sources familiar with the matter told Reuters. ...READ MORE

Pono Capital Two (PTWO) to Combine with SBC Medical Group in $1.2Bn Deal

Feb 1, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

To access this post, you must purchase 1 - User: Monthly Plan.

New Vista Acquisition Corp. (NVSA) Signs LOI with Verijet

Feb 1, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

New Vista Acquisition Corp. (NASDAQ: NVSA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with private aviation firm Verijet Holding Company LLC.

Although details on the proposed merger remain limited for the time being, the SPAC expects to announce further information once a definitive agreement has been finalized. New ...READ MORE

Podcast: Tempo Automation President & CEO Joy Weiss and Chairman Behrooz Abdi

Feb 1, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

Electronics manufacturing is a huge sector, but it’s also fragmented, particularly at the early stages of a new product’s lifecycle.

With its SPAC deal, Tempo Automation (NASDAQ:TMPO) is hoping to change that. ...READ MORE

Crown PropTech Acquisitions (CPTK) Inks Non-Redemption Agreements

Feb 1, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Crown PropTech Acquisitions (NYSE:CPTK) announced in an 8-K this morning that it is offering certain investors a share of promote shares in exchange for not redeeming their Class A shares at an upcoming February 7 extension vote. ...READ MORE