Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital media company BuzzFeed (NASDAQ:BZFD) is cutting 12% of its workforce, citing worsening economic conditions. ...READ MORE
What is your life insurance policy worth while you’re still living? This week, we speak with Abacus Life President and CEO Jay Jackson who may just want to buy yours.
Abacus Life has made a business of buying consumer life insurance policies for upfront payments and holding them until maturity. ...READ MORE
Phoenix Biotech Acquisition Corp. (NASDAQ:PBAX) announced this morning that it has mutually agreed to terminate its combination with therapeutics company Intrinsic Medicine.
Similar to other SPACs, Phoenix Biotech disclosed that the two parties have decided to nix the deal due to the result of weakened markets. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Aggregate Holdings SA is in talks to take its Portuguese unit Vic Properties public in a merger with BurTech Acquisition Corp.(NASDAQ:BRKH), ...READ MORE
Ares Acquisition Corporation (NYSE:AAC) has entered into a definitive agreement to combine with nuclear power company X-energy at an enterprise value of $2.2 billion.
Rockville, Maryland-based X-energy has developed small modular nuclear reactor technology designed to provide nuclear plants for projects ranging from individual industrial sites to regional utilities. ...READ MORE
Senior Connect Acquisition Corp. I (NASDAQ:SNRH) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with precision medicine company Avellino Lab USA, Inc.
Under the terms of the LOI, the parties would become a combined entity, with Avellino’s existing equityholders exchanging their shares in Avellino for equity in the combined company. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Singapore-headquartered recommerce group Carousell announced the group is cutting 110 roles or about 10 percent of the company’s total headcount. ...READ MORE
Frequent SPAC investors Francisco Partners announced this morning that they have launched a cash tender offer to purchase 7,500,000 Pathfinder (NASDAQ:PFDR) Class A shares for $10 per share. The offer will expire on January 4, 2023, at 11:59 p.m. ...READ MORE
Gores VIII (NASDAQ:GIIX) announced this morning that it has mutually agreed to terminate its combination with sustainable materials company Footprint.
The SPAC disclosed that the two parties have decided to part ways due to the result of current unfavorable conditions in the public markets. ...READ MORE
Concord Acquisition Corp. (NYSE:CND) announced this morning that it has mutually agreed to terminate its combination with cryptocurrency payments platform Circle.
Concord now has just a few days remaining on its clock to complete a business combination with a deadline of December 10, 2022. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Lakeshore Acquisition I Corp. (NASDAQ:LAAA) disclosed this afternoon that its shareholders have approved its business combination with medical device company ProSomnus during a special meeting held earlier today.
Approximately 92.4% of the votes cast at the meeting on the business combination proposal, representing approximately 80.5% of Lakeshore’s outstanding shares, voted to approve the deal. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A special acquisition company misclassified some of its shares to buy Embark Technology Inc.
