SVF Investment Corp. (Nasdaq: SVFA) today announced that as of the close of business on January 27, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive their pro-rata share in its trust account. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Lucid Group Inc (NASDAQ:LCID) on Wednesday won the dismissal of a lawsuit accusing the luxury electric car maker of defrauding investors in the special-purpose acquisition company that helped take it public, by significantly overstating its production outlook. ...READ MORE
Fat Projects (NASDAQ:FATP) and Jack Creek (NASDAQ:JCIC) each announced this morning that they were postponing their upcoming extension votes.
Jack Creek is moving its vote originally scheduled for today, January 12, at 10 am ET to the same time January 24. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Onyx Acquisition Co. I (NASDAQ:ONYX) announced this afternoon that it has postponed its special meeting to extend its transaction deadline.
The meeting, which was originally scheduled for 9:30 a.m. ET on January 12, will now take place at 9:30 a.m. ...READ MORE
Mercato Partners Acquisition Corp. (NASDAQ: MPRA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with Nuvini S.A.
São Paulo, Brazil-based Nuvini acquires and manages a portfolio of high growth software-as-a-service companies. ...READ MORE
Berenson Acquisition Corporation I (NYSE:BACA) announced this afternoon that it adjourned today’s special meeting to extend its transaction deadline to 12 p.m. ET on February 7.
The SPAC currently has a completion deadline of March 30, but is seeking shareholder approval to extend it to September 30. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Michael Tiedemann turned his back on a Wall Street banking career two decades ago to build a wealth-management firm targeting the world’s super-rich. ...READ MORE
RMG Acquisition Corporation III (NASDAQ:RMGC) announced this morning that it adjourned its special meeting to extend its transaction deadline to 10 am ET January 11.
The SPAC’s record date remains November 22 and the ballot is to be the same, but the move may give investors more time to consider the the LOI that RMG III announced with hydrogen technology company H2B2 four days ago. ...READ MORE
Priveterra Acquisition Corp. (NASDAQ:PMGM) and its biopharmaceutical target, AEON Biopharma, announced this morning that they have secured an additional $20 million in commitments from existing investors in connection to its business combination.
The SPAC brought about $276 million into the deal through its current trust but aside from today’s funding, it has not yet supplemented this with other committed sources of capital. ...READ MORE
Roth CH Acquisition IV Co.’s (NASDAQ:ROCG) target company, Tigo Energy, announced this afternoon that it has signed a definitive agreement with L1 Energy for $50 million of newly issued convertible notes.
The notes will bear a fixed annual interest rate of 5% with a maturity date of 36 months and may be converted at the option of the investor into shares of Tigo common stock or an equivalent equity created as a result of the company’s merger with ROCG. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Saxo Bank could give its external investors a new chance to cash in, including via an initial public offering, as early as this year, CEO Kim Fournais told Reuters, after plans to merge with Disruptive Capital AC, a blank-check company, collapsed last month. ...READ MORE
Paya (NASDAQ:PAYA), which completed a combination with FinTech III in October 2020, announced this morning that it has agreed to be acquired by its Canadian peer Nuvei (TSX:NVEI) in an all-cash transaction at $9.75 per share. ...READ MORE
TZP Strategies Acquisition Corp. (NASDAQ:TZPS) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on January 23, 2023. ...READ MORE
IG Acquisition Corp. (NASDAQ:IGAC) announced in an 8-K this afternoon that it has terminated its business combination with mobile gaming platform PlayUp and will instead liquidate its trust.
The SPAC today disclosed that it provided written notice to PlayUp that it was terminating the business combination, effective immediately. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Strapped for financing, online bulk-products retailer Boxed Inc. ...READ MORE
