Podcast: Plastiq Founder & CEO Eliot Buchanan
Small and medium-sized businesses (SMBs) are hard to market to and are routinely under-banked, so how can financial services firms reach them?
This week, we speak with Plastiq Founder and CEO Eliot Buchanan. ...READ MORE
Broad Capital Acquisition Corp (BRAC) Postpones Extension Vote to Jan. 13
Broad Capital Acquisition Corp. (NASDAQ:BRAC) announced this morning that it is bumping its shareholder vote from January 9 to 10:30 am ET, January 10.
The special meeting will seek approval for the SPAC to extend its transaction deadline from January 13 to October 13 in exchange for a $0.0625 per share monthly contribution to the trust over this period. ...READ MORE
The Latest Liquidations: January 5, 2023
Latest SPAC Liquidations: DTRT Health Acquisition Corp.
DTRT Acquisition Corp. (DTRT) to Liquidate
DTRT Health Acquisition Corp. (NASDAQ:DTRT) announced in an 8-K this afternoon that it has received a notice of termination of its merger agreement from healthcare company Consumer Direct and will instead liquidate its trust. ...READ MORE
Fortune Rise Acquisition Corp. (FRLA) Signs LOI with Water On Demand
Fortune Rise Acquisition Corp. (NASDAQ: FRLA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with water fintech startup, Water On Demand (WODI).
Today’s LOI comes just a week after Fortune Rise announced that its sponsor had entered into and closed a membership interest purchase and transfer agreement with the water fintech company pursuant to which WODI purchased 100% of the membership interest of the sponsor. ...READ MORE
DTRT Health Acquisition Corp. (DTRT) Terminates Consumer Direct Deal, Will Liquidate
DTRT Health Acquisition Corp. (NASDAQ:DTRT) announced in an 8-K this afternoon that it has received a notice of termination of its merger agreement from healthcare company Consumer Direct and will instead liquidate its trust. ...READ MORE
The Latest SPAC News and Rumors: January 5, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Newsight Imaging partners with First International Computer, D-Wave and Davidson Technologies enter multi-year reseller agreement, and Alliance Entertainment automates warehouse
Newsight Imaging and First International Computer Announce Partnership for LiDAR solution for Automotive Safety
Newsight Imaging Ltd. ...READ MORE
Rose Hill (ROSE) Postpones Extension Vote to Jan. 12
Rose Hill Acquisition Corp. (NASDAQ:ROSE) announced this morning that it is pushing out its shareholder vote, originally scheduled for today, to January 12 at 3:00 p.m. ET.
This means that the SPAC’s new redemption deadline will be 5 pm ET, January 10. ...READ MORE
The Latest Liquidations: January 4, 2023
Latest SPAC Liquidations: Fortress Capital Acquisition Corp.
Fortress Capital Acquisition Corp. (FCAX) to Liquidate January 13
Fortress Capital Acquisition Corp. (NYSE:FCAX) today announced that its board of directors has determined to redeem all of its outstanding, effective as of January 18, 2023. ...READ MORE
Mount Rainier Acquisition Corp. (RNER) Shareholders Approve HUB Cyber Security Deal
Mount Rainier Acquisition Corp. (NASDAQ:RNER) announced this afternoon that its shareholders approved its combination with confidential computing developer HUB Cyber Security Israel at a special meeting held earlier today.
The meeting was originally scheduled for December 30 before getting pushed to today to give shareholders additional time to consider reversing redemption requests. RNER’s ...READ MORE
Model Performance Acquisition Corp. (MPAC) Completes MultiMetaVerse Deal
Model Performance Acquisition Corp. (NASDAQ:MPAC) announced this afternoon that it has completed its business combination with MultiMetaVerse.
MultiMetaVerse Inc., an animation and entertainment company devoted to establishing an open community for its global users and to providing high-quality and immersive entertainment experiences is expected to begin trading tomorrow, January 5, on the Nasdaq Global Market under the ticker symbol “MMV”. ...READ MORE
Pontem Corporation (PNTM) Signs Non-Binding LOI
Pontem Corporation (NYSE:PNTM) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a target company.
The unnamed target, which has been in business for almost forty years, operates a multinational industrial technology business that serves diversified end markets. ...READ MORE
The Latest SPAC News and Rumors: January 4, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Lenders to SPAC Cyxtera merger seek legal advice on debt, LanzaTech founder to take on advisory role, and SEC charges former SPAC CFO for orchestrating $5M fraud scheme
Lenders to 2021 SPAC Merger Cyxtera Seek Legal Advice on Debt
A group of lenders to struggling data-center firm Cyxtera Technologies Inc.
RMG Acquisition Corporation III (RMGC) Signs LOI with H2B2 Electrolysis Technologies
RMG Acquisition Corporation III (NASDAQ:RMGC) announced this morning that it has signed a letter of intent (LOI) to combine with hydrogen energy systems provider H2B2 Electrolysis Technologies.
The announcement comes just a few days before RMGC’s shareholder vote next Tuesday, January 10, to extend its timeline from February 9 to August 9. ...READ MORE
Jack Creek (JCIC) Bumps Extension Vote to Jan. 12
Jack Creek Investment Corp (NASDAQ:JCIC) announced this morning that it is pushing out its shareholder vote scheduled for January 10, to 10:30 am ET January 12.
This means that the SPAC’s new redemption deadline is to be 5 pm ET, January 10. ...READ MORE
Kernel Group Holdings (KRNL) Sells Sponsor Economics
Kernel Group Holdings (NASDAQ:BIOT) announced in an 8-K that it has agreed to sell most of its sponsor economics and undergo a management change.
VKSS Capital is coming in to purchase 7,187,500 of the sponsor’s promote shares (94.3%) at par value $0.0001 per share, leaving the original sponsor 431,250 remaining. ...READ MORE
The Latest Liquidations: January 3, 2023
Latest SPAC Liquidations: Deep Lake Capital Acquisition Corp.
Deep Lake Capital Acquisition Corp. (DLCA) to Liquidate January 13
Deep Lake Capital Acquisition Corp. (Nasdaq: DLCA) announced that it will liquidate and intends to redeem all of the outstanding Class A ordinary shares at a per-share redemption price of approximately $10.124. ...READ MORE