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
Ascendant Digital Acquisition Corp. III (NYSE: ACDI) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 16, 2023. ...READ MORE
Armada I (NASDAQ:AACI) announced this afternoon that it has further postponed its extension vote, marking the third postponement for its special meeting.
The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, then January 31, and is now scheduling it for February 2. ...READ MORE
Cetus Capital Acquisition Corp. priced its $50 million IPO and its units began trading on the Nasdaq under the symbol “CETUU” Wednesday, February 1, 2023.
The new company intends to focus its search for a target business in the industrials, information technology and Internet-of-Things industries with an intention to initially prioritize Taiwan. ...READ MORE
Tailwind Acquisition Corp. (NYSE:TWND) announced this afternoon that it has closed its combination with laser technology firm NUBURU.
The SPAC’s shareholders approved the deal at a special meeting held in December 2022, but did not provide a closing date at that time. ...READ MORE
Revelation Biosciences (NASDAQ: REVB), which completed a merger transaction with Petra Acquisition, announced this afternoon that it will implement a 1-for-35 reverse split of its common stock.
The company gained shareholder approval for the reverse stock split at a special meeting held yesterday and will be effective as of tomorrow morning, February 1. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
UK-based electric vehicle startup Arrival has announced plans to lay off half of its workforce as part of its efforts to cut costs. ...READ MORE
Beard Energy Transition (NYSE:BRD) and Berenson I (NYSE:BACA) announced this morning that they will be canceling their special meetings to extend transaction deadlines.
Beard Energy disclosed that it intends to withdraw from consideration by its stockholders the proposals set forth in the proxy. ...READ MORE
Lionheart III (NASDAQ:LION) announced in an 8-K this morning that its shareholders approved its combination with advanced materials company Security Matters (ASX:SMX) at a special meeting January 30.
The filing did not divulge redemption figures, but the SPAC’s shares spiked to a high of $14.00 on the day of the vote before settling to a close at $10.50, above its estimated trust value of $10.35 per share. ...READ MORE
Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA) announced in an 8-K that it has inked new non-redemption agreements after postponing its initial extension vote.
The SPAC has agreed to allocate up to 37,500 promote shares (1.1%) to investors holding in exchange for them agreeing not to redeem an aggregate of 150,000 shares at the vote now rescheduled to January 31. ...READ MORE
Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote.
The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27.
Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction. ...READ MORE
European Biotech (NASDAQ:EBAC) announced in an 8-K this morning that it has increased its PIPE by $7.8 million and added $7 million to the convertible loans attached to the combination with biotech firm Oculis. ...READ MORE
DHC Acquisition Corp (NASDAQ:DHCA) announced that it is formally terminating its combination with conservative banking venture GloriFi.
This was essentially a formality because the SPAC already announced in November that GloriFi had begun the process of winding down. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
USD Coin (USDC) issuer Circle has rejected claims that it blames the United States Securities and Exchange Commission (SEC) for the failure of its $9 billion plan to go public in December, according to a spokeswoman for the company. ...READ MORE
