The Latest SPAC News and Rumors: January 3, 2023

Jan 3, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Royalty Management expands investment in Ferrox Holdings to over 10% equity ownership and ZyVersa Therapeutics adds two leading nephrologists to its Renal Scientific Advisory Board

American Acquisition Opportunity’s Target, Royalty Management, Expands Investment in Ferrox Holdings to Over 10% Equity Ownership

American Acquisition Opportunity Inc.’s ...READ MORE

Nocturne Acquisition Corp. (MBTC) to Combine with Cognos Therapeutics in $120M Deal

Jan 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

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Monterey Capital Acquisition Corp (MCAC) to Combine with ConnectM in $145M Deal

Jan 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Full-Year 2022 SPAC Review

Jan 2, 2023 Headline Post, INTEL by Kristi Marvin

An In-Depth Look at SPAC Activity Throughout the Full Year of 2022

Below is a summary of the 2022 SPAC market.

By all counts, the number of SPAC IPOs in 2021, at 613, was a high water mark not likely to be seen again in future years.

The Latest Liquidations: December 30, 2022

Dec 30, 2022 INTEL by Marlena Haddad

Latest SPAC Liquidations: Marlin Technology Corp.

Marlin Technology Corp. (FINM) to Liquidate January 13

Marlin Technology Corporation (Nasdaq: FINM) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on January 17, 2023. ...READ MORE

Dune Acquisition Corp. (DUNE) Settles Lawsuit for $5 Million

Dec 30, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Dune Acquisition Corporation (NASDAQ: DUNE) announced in an 8-K this afternoon that it has settled its lawsuit with equities trading platform TradeZero and mutually terminated its combination agreement.

As a refresher, Dune launched a lawsuit against its combination partner TradeZero in April 2022 claiming that its target, “fraudulently induced” it into entering the merger and “materially breached” that agreement, causing “irreparable injury” to the SPAC. ...READ MORE

AlphaTime Acquisition Corp. (ATMCU) Prices $60M IPO

Dec 30, 2022 INTEL, IPOs by Marlena Haddad

AlphaTime Acquisition Corp. priced its $60 million IPO and its units began trading on the Nasdaq under the symbol “ATMCU” Friday, December 30, 2022.

The new SPAC intends to acquire businesses in Asia that have the potential to generate strong, stable, and increasing free cash flow, particularly businesses with predictable revenue streams and definable low working capital. AlphaTime ...READ MORE

The Latest SPAC News and Rumors: December 30, 2022

Dec 30, 2022 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: NWTN delivers first batch of EVs to client in UAE, and DraftKings set to launch online sportsbook in Ohio

NWTN Delivers First Batch of Electric Vehicles to Client in the UAE

NWTN Inc. ...READ MORE

Prime Number Acquisition I Corp. (PNAC) to Combine with Noco-Noco in $1.3Bn Deal

Dec 30, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

CENAQ Energy Corp. (CENQ) Warns PIPE Investors Fall Short

Dec 30, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

CENAQ Energy Corp. (NASDAQ:CENQ) in an 8-K filing gave an update this morning that its investors have not yet been able to raise the full $80 million PIPE that was initially intended at its deal announcement. ...READ MORE

Northern Star II (NSTB) and Pivotal Investment III (PICC) Ink Non-Redemption Agreements

Dec 30, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) both announced in morning filings that they have signed non-redemption agreements with shareholders in connection with their extension votes. ...READ MORE

The Latest Liquidations: December 29, 2022

Dec 29, 2022 INTEL by Marlena Haddad

Latest SPAC Liquidations: MDH Acquisition Corp.

MDH Acquisition Corp. (MDH) to Liquidate December 29

MDH Acquisition Corp. (NYSE: MDH) announced that in accordance with the announced December 29, 2022 termination date set by its Board of Directors, the company expects to redeem all outstanding public shares by December 29, 2022. ...READ MORE

Fortune Rise Acquisition Corp. (FRLA) Sponsor Sells Interest to Water On Demand

Dec 29, 2022 Headline Post, INTEL by Marlena Haddad

Fortune Rise Acquisition Corp. (NASDAQ: FRLA) announced this afternoon that it has entered into a membership interest purchase and transfer agreement resulting in a change in leadership.

On December 22, FRLA’s sponsor, Fortune Rise Sponsor LLC, entered into a purchase agreement with water fintech startup Water On Demand, Inc. ...READ MORE

SPACInsider 2022 Awards and SPAC Deal of the Year

Dec 29, 2022 Headline Post, INTEL by Kristi Marvin

2022 was the year of the SPAC steeplechase. Just when SPACs thought they had cleared one hurdle, they would turn the corner and find they needed to jump a new and deeper moat. ...READ MORE

The Latest SPAC News and Rumors: December 29, 2022

Dec 29, 2022 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Vertical Farming is latest 2022 tech layoffs victim, SeaStar Medical and Nuwellis enter into license and distribution agreement, and Complete Solaria and Freedom I achieve important milestones

Futuristic Vertical Farming Startups Are Struggling in the Tech Downturn

When the market was booming, tech investors poured billions into companies designing new ways of farming. ...READ MORE

Mount Rainier Acquisition Corp. (RNER) Postpones HUB Security Completion Vote

Dec 29, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Mount Rainier Acquisition Corp (NASDAQ:RNER) announced in an 8-K this morning that it is pushing its vote to complete its combination with HUB Cyber Security that was originally scheduled for December 30. ...READ MORE

Northern Star II (NSTB) and Pivotal Investment III (PICC) Adjourn Extension Votes Again

Dec 28, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) both announced this afternoon that their extension votes have once again been adjourned.

NSTB and PICC originally scheduled their meetings for December 22 when the pair decided to postpone the votes to today, December 28, to further engage with their stockholders and solicit redemption reversals. ...READ MORE

PHP Ventures (PPHP) Postpones Extension Vote

Dec 28, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

PHP Ventures Acquisition Corp (NASDAQ:PPHP) announced this morning that it is postponing its special meeting, originally scheduled for today, to December 30.

The SPAC intends to gain shareholder approval to extend its business combination timeline from February 16, 2023 to August 16, 2023. ...READ MORE

LightJump Acquisition Corp. (LJAQ) Shareholders Approve Moolec Deal

Dec 28, 2022 Headline Post, INTEL by Nicholas Alan Clayton

LightJump Acquisition Corp. (NASDAQ:LJAQ) announced this morning that its shareholders approved its combination with molecular food producer Moolec at a special meeting yesterday.

Although about 92% of shares voted in favor of the transaction, 2,716,176 also opted to redeem and leaves it temporarily with a public float of 51,034 shares. ...READ MORE

The Latest Liquidations: December 23, 2022

Dec 27, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Latest SPAC Liquidations: SPK, Macondray I, Powered Brands

SPK Acquisition Corp. (SPK) Terminates Varian Bio Deal and Will Liquidate December 29

SPK Acquisition Corp. (NASDAQ:SPK) announced in an 8-K this morning that it has terminated its combination agreement with Varian Bio and will instead liquidate on December 29. ...READ MORE