The Latest Non-Redemption Agreements: March 3, 2023

Mar 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Northern Star Investment Corp. III, Northern Star Investment Corp. IV, M3-Brigade II

Northern Star Investment Corp. III (NSTC) Enters Non-Redemption Agreement

Northern Star Investment Corp. III (NYSE:NSTC) entered into its fourth non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 1,400,000 shares in connection with the special meeting to extend its timeline from March 4 to September 4. ...READ MORE

The Latest SPAC News and Rumors: March 3, 2023

Mar 3, 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: Schultze SPAC II in talks to merge with Point Blank Enterprises

Schultze SPAC Is in Talks to Merge With Body Armor Maker Point Blank Enterprises

Blank-check firm Schultze Special Purpose Acquisition Corp. ...READ MORE

Plum Acquisition Corp. I (PLMI) to Combine with Sakuu in $705M Deal

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

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

Prime Impact Acquisition I (PIAI) Postpones Extension Vote

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

Prime Impact I (NYSE:PIAI) announced in an 8-K this morning that it has postponed its upcoming extension vote slated for today to noon ET March 8.

Shareholders now have until 5 pm ET March 6 to make their redemption decisions and as of the last deadline, 2,725,066 shares had been tendered for redemption. ...READ MORE

Atlantic Coastal Acquisition Corp. (ACAH) Extends with New Non-Redemption Agreement

Mar 3, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Atlantic Coastal (NASDAQ:ACAH) announced in an 8-K this morning that it inked new non-redemption agreements with investors as it secured an extension of its transaction deadline at a special meeting yesterday. ...READ MORE

Top 3 SPAC Targets – Next-Gen Defense

Mar 3, 2023 Headline Post, INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Nic Narang this week compiled their three favorite potential SPAC targets among potential targets in the defense sector. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

The Latest Liquidations: March 2, 2023

Mar 2, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Build Acquisition, McLaren Technology, and Live Oak Mobility

Build Acquisition Corp. (BGSX) to Liquidate on March 17

Build Acquisition Corp. (NYSE:BGSX) today announced that it will redeem all of its outstanding common stock that was included in the units issued in its initial public offering, effective as of the close of business on March 17, 2023, as the company will not consummate an initial business combination on or prior to March 19, 2023. ...READ MORE

Northern Star III (NSTC) and Northern Star IV (NSTD) Further Expand Non-Redemption Agreements

Mar 2, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Northern Star Investment Corp. III (NYSE:NSTC) and Northern Star Investment Corp. IV (NYSE:NSTD) announced in 8-K filings this afternoon that they have each secured additional non-redemption agreements as they work to extend their transaction deadlines. ...READ MORE

Jaguar Global Growth Corporation I (JGGC) to Combine with GLAAM in $309M Deal

Mar 2, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Jaguar Global (NASDAQ:JGGC) has entered into a definitive agreement to combine with smart glass manufacturer GLAAM at an enterprise value of $309 million, or 14.7x its 2022 revenue.

Seoul-based GLAAM manufactures glass that doubles as a display for building exteriors to be used as space for marketing or other media. ...READ MORE

The Latest SPAC News and Rumors: March 2, 2023

Mar 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: Delaware court finds broad D&O coverage for directors and officers in SPAC claim, UpHealth SPAC lawsuit advances against GigCapital’s Avi Katz, and SoFi named World’s Most Innovative Company

Delaware Court Finds Broad D&O Coverage for Directors and Officers in SPAC Claim

A Delaware court recently issued a significant opinion in a directors and officers liability claim involving a special purpose acquisition company. ...READ MORE

Insight Acquisition Corp. (INAQ) Postpones Extension Vote

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

Insight Acquisition Corp. (NYSE:INAQ) announced in an 8-K this morning that it postponed its extension vote today and will reconvene the special meeting at 10:00 a.m. ET on March 6.

The SPAC intends to use this additional to engage with its stockholders.

Metals Acquisition Corp. (MTAL) Amends Financing for Glencore CSA Copper Mine

Mar 2, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Metals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this morning that it has secured financing for its combination with Glencore’s (LON:GLEN) CSA Copper Mine that roughly follows amended terms it announced in November. ...READ MORE

BurTech Acquisition Corp. (BRKH) Adds Non-Redemption Agreements

Mar 2, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

BurTech Acquisition Corp. (NASDAQ:BRKH) announced in an 8-K this morning that it has entered into non-redemption agreements with one or more investors covering up to 4,000,000 shares.

Its shareholders are heading to a vote at 11:30 am March 10 where they will consider extending the SPAC’s transaction deadline from March 15 to December 15. ...READ MORE

Tristar Acquisition I Corp. (TRIS) Announces LOI, Extends Deadline

Mar 2, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Tristar Acquisition I Corp. (NYSE:TRIS) announced in an 8-K this morning that it has entered into a non-binding letter of intent (LOI) to combine with an unnamed target company.

As per the terms of its prospectus, Tristar I may now automatically extend its transaction deadline by three months from April 18 to July 18 by dint of having the LOI in hand. ...READ MORE

The Latest Liquidations: March 1, 2023

Mar 1, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Lead Edge Growth Opportunities

Lead Edge Growth Opportunities, Ltd. (LEGA) to Liquidate on March 15

Lead Edge Growth Opportunities, Ltd. (Nasdaq: LEGA) a special purpose acquisition company, today announced that it will commence the redemption of all of its outstanding Class A ordinary shares, effective as of the close of business on March 15, 2023. ...READ MORE

Lionheart III Corp. (LION) Secures $25M Standby Equity Purchase Agreement

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

Lionheart III (NASDAQ:LION) announced this afternoon that it has secured a Standby Equity Purchase Agreement with YA II, managed by Yorkville Advisors Global, in connection to its previously approved deal with advanced materials company Security Matters. ...READ MORE

SPAC Lock-Up Expirations to Watch in March 2023

Mar 1, 2023 Headline Post, INTEL by Nicholas Alan Clayton

SPACs head into spring with a relatively short list of SPAC sponsors and de-SPAC’d companies reaching the end of their post-deal lock-ups. It is a highly international crop, however, with three of the seven companies newly freed to trade operating out of Asia. ...READ MORE

Sagaliam Acquisition Corp. (SAGA) Terminates Arabian Entertainment Deal

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

Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends to terminate their proposed merger, just a few months after their deal announcement.

On February 23, 2023, the company notified Sagaliam that since the SPAC did not receive subscription agreement commitments before December 15, 2022, it has chosen to terminate the merger. ...READ MORE

Altimar Acquisition Corp. III (ATAQ) Adjourns Extension Vote

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

Altimar Acquisition Corp. III (NYSE:ATAQ) announced in an 8-K this afternoon that it adjourned its extension vote today without concluding any business and will reconvene the special meeting at 12:30 pm ET March 3. ...READ MORE

The Latest SPAC News and Rumors: March 1, 2023

Mar 1, 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: Westrock Coffee announces acquisition of Bixby Roasting, Fisker shares soar on production, and Digital World to appeal Nasdaq delisting

Westrock Coffee Announces Strategic Acquisition of Bixby Roasting

Westrock Coffee Company (Nasdaq: WEST), a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider to the retail, foodservice and restaurant, convenience store and travel center, non-commercial, CPG, and hospitality industries, announced today the Company has acquired Bixby Roasting Co., ...READ MORE