Carbon capture technology has long been talked about, and it is finally in operation with LanzaTech among the pioneers. Its plants are turning potential emissions into clothing, household goods and sustainable fuels. ...READ MORE
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi. ...READ MORE
Seaport Calibre Materials Acquisition Corp. (Nasdaq: SCMA) announced this afternoon that it is pushing today’s special meeting back until January 31.
The SPAC is currently facing a completion deadline of February 1, but is looking to extend its timeline by an additional six months to August 1. ...READ MORE
Blockchain Coinvestors I (NASDAQ:BCSA) announced this afternoon that it is once again postponing its special meeting to extend its timeline to complete its business combination.
The meeting was originally scheduled to be held on January 18, but was subsequently postponed to January 27, and now February 3. ...READ MORE
Insight Acquisition Corp. (NYSE: INAQ) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with oil and gas developer Avila Energy Corporation (CSE:VIK).
The parties have agreed to negotiate the terms of the transaction on an exclusive basis through February 24, at which point Insight may extend the term for an additional 15 calendar days. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
International Media Acquisition Corp. (NASDAQ:IMAQ) announced this morning that its special meeting, originally scheduled for today, has been pushed back to tomorrow, January 27.
The postponement was due to a change in the terms of the funds being deposited into the company’s trust in connection with each extension to $385,541.10 being deposited for the initial 3 month extension and $128,513.70 being deposited for each additional monthly extension. ...READ MORE
dMY Technology Group, Inc. VI (NYSE: DMYS) announced this morning that it has launched a tender offer to purchase up to 24,150,000 of its shares of Class A common stock in connection to its business combination with Rain Enhancement Technologies. ...READ MORE
Constellation Acquisition Corp. I (NYSE:CSTA) announced in an 8-K this morning that it intends to adjourn today’s 8 am ET extension vote until 5 pm ET tomorrow, January 27, as it continues to engage with investors. ...READ MORE
It has been a bumpy year for crypto, but what if there was a way to invest in the space while dodging the volatility?
Bitcoin Depot hopes to be that stock and announced a $755 million dollar combination with GSR II Meteora Acquisition Corp. ...READ MORE
Gesher I (NASDAQ:GIAC) announced in an 8-K this afternoon that its shareholders approved its combination with global freight booking and payment platform Freightos at a special meeting held earlier today.
The deal was overwhelmingly approved with holders of 11,819,340 shares voting in favor of the deal and just 718,099 shares against it. ...READ MORE
North Atlantic Acquisition Corporation (Nasdaq: NAAC), announced today that it has canceled its annual general meeting of shareholders that was previously scheduled for 4:00 PM Eastern time on January 25, 2023, and its Board of Directors has elected to dissolve and liquidate the company. ...READ MORE
BlueRiver Acquisition Corp. (NYSE:BLUA) announced in an 8-K filing this afternoon that it has entered into a non-redemption agreement with one or more unaffiliated third parties after signing a non-binding letter of intent (LOI) yesterday. ...READ MORE
Acri Capital Acquisition Corp. (NASDAQ:ACAC) announced this afternoon that, upon approval of its board, it has postponed its extension vote from January 26 to February 8.
The company is hoping to amend the amount of the monthly deposit required for the trust account from $0.0333 for each public share to $0.0625 for each public share for up to nine times. ...READ MORE
Pathfinder Acquisition Corp. (NASDAQ:PFDR) announced that it has postponed its extension vote from Wednesday, February 1 to Friday, February 17.
At the special meeting, Pathfinder is hoping to gain shareholder approval to extend its completion deadline from February 19 to May 19 and to further extend it by another month, for a total of four months, until June 19. ...READ MORE
Health Sciences 2 (NASDAQ:HSAQ) announced in an 8-K that its shareholders approved its combination with Orchestra BioMed at a special meeting yesterday.
The filing did not include redemption figures, but noted that about 87.2% of the SPAC’s outstanding shares participated in the vote, and all nine proposals were approved. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Stablecoin company Circle says the SEC is to blame for its failure to go public. ...READ MORE
Rockley Photonics Holdings Limited (NYSE:RKLY) today announced that the company has filed for Chapter 11 bankruptcy, less than two years after completing a merger with SC Health Corp.
The smart materials-maker filed motions with the bankruptcy court to seek authorization to continue to operate its business as a “debtor in possession” under the jurisdiction of the court. ...READ MORE
Viveon Health (NYSE:VHAQ) has adjourned its special meeting to complete its transaction with Suneva Medical until 12 pm ET February 3.
The SPAC noted that it received requests to redeem 1,798,631 shares in connection with the vote out of 1,844,774 public shares it had remaining. ...READ MORE