SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among potential gaming targets. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Cartesian Growth Corporation (NASDAQ:GLBL) announced this afternoon that its shareholders have approved its business combination with wealth management firms Tiedemann Group and Alvarium Investments during a special meeting held earlier today. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Getaround, the world’s first connected carsharing marketplace, announced changes in its senior executive team and proposed Board of Directors to be in place at the closing of the InterPrivate II Acquisition Corp. ...READ MORE
Global Consumer (NASDAQ:GACQ) disclosed this afternoon that its shareholders approved its combination with air care companies GP Global and Luminex at a special meeting held on November 10.
The business combination was overwhelmingly approved as 18,909,414 votes were cast in favor of the deal and 1,730,425 votes against it. ...READ MORE
Quantum FinTech (NYSE:QFTA) has entered into a definitive agreement to acquire AtlasClear, which is itself combining with correspondent clearing broker-dealer Wilson Davis & Co. and acquiring Commercial Bancorp of Wyoming.
The combined company is expected to trade on the NYSE under the symbol “ATCL” once the deal is completed in the second or third quarter of 2023. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Electric aviation and regional air travel company Surf Air Mobility said on Wednesday it had confidentially filed for a direct listing in the United States after terminating its $1.42 billion merger deal with a blank check firm. ...READ MORE
Tuscan Holdings Corp. II (NASDAQ:THCA) announced this morning that it has mutually agreed to terminate its combination with regional air travel company Surf Air Mobility.
The press release included little other information, but an 8-K filing notes that should Surf later complete a direct listing, IPO, private sale or further SPAC transaction between now and November 14, 2025, it will issue 600,000 shares to Tuscan II and as well as either 35,000 shares or $700,000 as a termination fee. ...READ MORE
Tiga Acquisition Corp. (NYSE:TINV) announced in an 8-K this morning that its shareholders have approved its business combination with LGBTQ+ social network Grindr during a special meeting held November 15.
The SPAC did incur 98.2% redemptions, however, which is not far off the average for recent closures, but nonetheless high. ...READ MORE
Liberty Media Acquisition Corp. (Nasdaq: LMACA) announced this afternoon that its shareholders have approved a proposal to allow LMAC to amend its deadline date so it can liquidate early.
The SPAC previously filed a proxy in September to unwind and redeem all of its outstanding public shares prior to December 30, 2022. ...READ MORE
Frazier Lifesciences (NASDAQ:FLAC) announced this morning that its shareholders have approved its business combination with biotech firm NewAmsterdam Pharma Holding during a special meeting today.
The SPAC disclosed that holders of approximately 32% of FLAC Class A ordinary shares exercised their right to redeem their shares for cash, significantly lower than the average redemption rate for completed deals this year at 83.99%. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Elliott Investment Management disclosed a new stake in Clarivate Plc (NYSE:CLVT) amid a wave of take-private transactions in the information services sector. ...READ MORE
G&P Acquisition Corp. (NYSE:GAPA) announced this morning that it will liquidate its trust and be redeeming all shares effective as of November 30.
As such, today is to be the SPAC’s final trading day. ...READ MORE
Kingswood Acquisition Corp. (NYSE:KWAC) announced this morning that it is adjourning tomorrow’s special meeting from November 15, to November 18.
Similar to the issues Digital World (Nasdaq: DWAC) is having with its own extension vote, Kingswood disclosed that the meeting is being adjourned in order to solicit more votes toward the approval to further extend to May 24, 2023. ...READ MORE
8i Acquisition 2 (NASDAQ:LAX) announced this morning that it has entered into a Prepaid Forward Agreement with a certain institutional investor just days after shareholders approved its combination with digital health firm EUDA. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Freyr Battery SA (NYSE:FREY) is in talks with KKR & Co. ...READ MORE
