Americas Technology Acquisition Corp. (ATA) Terminates Deal with Rally Communitas
Americas Technology Acquisition Corp. (NYSE: ATA) announced on Friday evening that it has mutually agreed to terminate its combination with mass mobility firm Rally Communitas.
Although the management team did not disclose a reason for the deal termination, it is likely due to the result of unfavorable market conditions. ...READ MORE
Primavera Capital (PV) Shareholders Approve Lanvin Group Deal
Primavera (NYSE:PV) announced that its shareholders have approved its business combination with the luxury fashion Lanvin Group during a special meeting held Friday, December 9.
The parties’ press release did not include redemption figures, but, regardless, the parties expect to close the deal December 14, after which the combined company will trade on the NYSE under the symbol “LANV” beginning December 15. ...READ MORE
SPAC IPO Terms Tracker: Another Week, Another New S-1
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Belong (BLNG) Postpones Extension Vote, Enters Non-Redemption Agreement, and Signs LOI
Belong Acquisition Corp. (NASDAQ:BLNG) disclosed in an 8-K this afternoon that its special meeting, originally scheduled for Wednesday, December 14, has been postponed to Wednesday, December 21. Additionally, the SPAC has entered into a non-redemption agreement, and signed a non-binding letter of intent (LOI). ...READ MORE
The Latest Liquidations: December 9, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Crypto 1, DILA Capital, SCP & CO Healthcare, Cohn Robbins, and ScION Growth Tech I
Crypto 1 Acquisition Corp.
...READ MORE
The Latest SPAC News and Rumors: December 9, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Southland awarded $70M contract for Denver International Airport expansion project, and Bakkt reduces 15% of employee base
Southland Awarded $70 Million Denver International Airport West Gates Pond Expansion Project
Southland Holdings, LLC (“Southland”) announced today that a subsidiary in its Civil segment, Southland Contracting, has been awarded a $70 million contract for Denver International Airport’s West Gates Pond Expansion. ...READ MORE
Altitude Acquisition Corp. (ALTU) Signs Non-Binding LOI
Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with a global medical device manufacturer.
The SPAC originally teased this deal on October 4, the same day as its redemption deadline, when it announced it was in negotiations to sign a LOI with the medical device manufacturer. ...READ MORE
InterPrivate II (IPVA) Shareholders Approve Getaround Deal
InterPrivate II (NYSE:IPVA) disclosed this morning that its shareholders have approved its business combination with car-sharing marketplace Getaround during a special meeting held on Wednesday, December 7.
The combined company raised approximately $228 million in gross proceeds through the deal, including the amounts retained in InterPrivate II’s trust account, the conversion of approximately $37.5 million of bridge notes and the issuance of $175 million of convertible notes. ...READ MORE
10X Capital Venture III (VCXB) Signs LOI with Sparks Energy
10X Capital Venture Acquisition Corp. III (NYSE:VCXB) included in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with Sparks Energy.
Sparks is a leader in storm response and energy restoration management with qualified crews for overhead and underground distribution, transmission, substation and row operations. ...READ MORE
Figure Acquisition Corp. I (FACA) Signs Non-Binding LOI
Figure Acquisition Corp. I (NYSE:FACA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with an unnamed warehouse lender and bank holding company.
The press release kept details to a minimum on the target, but disclosed that the bank is a $3-5 billion asset holding company that provides home loans to communities across the nation. ...READ MORE
Where Are They Now? – AerSale
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 contributors Anthony Sozzi and Sam Beattie. ...READ MORE
The Latest Liquidations: December 8, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Sierra Lake, Z-Work, Lerer Hippeau, and Climate Real Impact Solutions II
Sierra Lake Acquisition Corp.
...READ MORE
Parsec Capital (PCX) “Maybe” Begins Liquidation Process
Parsec Capital (NASDAQ:PCX) announced in an 8-K this morning that it has begun the process of liquidating its trust account, but the filing also curiously notes that the team is trying to carry on with its announced combination with Enteractive Media. ...READ MORE
The Latest SPAC News and Rumors: December 8, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Palihapitiya blames Fed for crushing the blank-check bubble, and Hong Kong is set to regain top-three IPO ranking in 2022
SPAC king Chamath Palihapitiya says the Fed crushed the bubble in blank-check firms
The Fed crushed the bubble in special purpose acquisition companies, Chamath Palihapitiya said, deflecting blame for the poor performance of companies he took public in recent years. ...READ MORE
The Latest Liquidations: December 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.