SPAC IPO Terms Tracker: A Decent Start to February 2023
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Forest Road II (FRXB), 10X Capital Venture III (VCXB) Mutually Terminate Deals
Forest Road II (NYSE:FRXB) and 10X Capital Venture III (NYSE:VCXB) both announced this afternoon that they have mutually terminated their business combinations.
Forest Road II intended to combine with transportation technology developer HyperloopTT, but the parties decided to nix the deal due to timing constraints along with unfavorable market conditions. ...READ MORE
Intelligent Medicine (IQMD), AMCI II (AMCI) Adjourn Shareholder Votes
Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) and AMCI Acquisition Corp. II (Nasdaq: AMCI) announced this afternoon that they have adjourned their special meetings with shareholders.
Intelligent Medicine originally scheduled its meeting to be held today, but is now postponing its vote until Wednesday, February 8. ...READ MORE
The Latest SPAC News and Rumors: February 3, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Comcast dumps 18.5% of its BuzzFeed stock
Comcast Dumps 6 Million Shares of Buzzfeed After Media Company Finally Gets a Bump
Comcast dumped 18.5% of its BuzzFeed (NASDAQ:BZFD) stock in recent days, reducing its holdings in the online media company to just under 20% of the shares. ...READ MORE
Viveon Health Acquisition Corp. (VHAQ) Unilaterally Terminates Suneva Deal
Viveon Health (NYSE:VHAQ) announced this morning that it is unilaterally terminating its combination with Suneva Medical “based upon material breaches” of the merger agreement.
The SPAC did not elaborate further on its claims against Suneva, but noted it will continue on and seek a new business combination. ...READ MORE
FAST Acquisition II (FZT) Re-Strikes Falcon’s Beyond Deal
FAST II (NYSE:FZT) announced this morning that it has amended its combination with resort operator Falcon’s Beyond, shifting more value from both sides into earn-outs.
The deal’s $1 billion enterprise value technically remains, but Falcon’s Beyond shareholders will receive less equity at close. ...READ MORE
A SPAC I Acquisition Corp. (ASCA) Postpones Extension Vote
A SPAC I Acquisition Corp. (NASDAQ:ASCA) announced this afternoon that it has adjourned its special meeting to extend its timeline to complete a business combination.
The meeting was originally scheduled to be held today, but is now being postponed until February 13 due to a change in terms for its extension. A ...READ MORE
The Latest SPAC News and Rumors: February 2, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Mondee acquires Orinter for $40M, Fisker, ChargePoint and Lucid say court decision creates ‘uncertainty’, and Getaround gets delisting warning from NYSE
Mondee gains foothold in Brazil with Orinter acquisition
Travel marketplace and technology platform Mondee (NASDAQ:MOND) has acquired Brazil-based travel provider Orinter in a transaction valued at $40 million. ...READ MORE
The Latest Liquidations: February 2, 2023
Latest SPAC Liquidations: Itiquira Acquisition Corp., Biotech Acquisition Company
Itiquira Acquisition Corp. (ITQ) to Liquidate on February 14
Itiquira Acquisition Corp. (Nasdaq: ITQ) announced today it intends to dissolve and liquidate at an estimated per-share redemption price of approximately $10.17. ...READ MORE
Ackman Files New Revised S-1 for SPARC
Bill Ackman is still tinkering with his SPARCs.
In a new S-1/a filed this morning, the Pershing Square founder provided an update to his proposed model that is “not a SPAC”, but that would do some SPAC-like things. ...READ MORE
The Latest Liquidations: February 1, 2023
Latest SPAC Liquidations: DTRT Health Acquisition Corp., Seaport Calibre Materials Acquisition Corp.
DTRT Health (DTRT) to Liquidate on January 30
On January 30, 2023, the stockholders of DTRT Health Acquisition Corp. (Nasdaq: DTRT) approved an amendment to allow the company to redeem all of its issued and outstanding shares of Class A common stock in advance of its current termination date of March 7, 2023 by changing the date to January 30, 2023. ...READ MORE
AMCI Acquisition Corp. II (AMCI) Adjourns Vote to Complete LanzaTech Deal
AMCI Acquisition Corp. II (NASDAQ:AMCI) announced this afternoon that it has adjourned its special meeting to complete its transaction with sustainable materials-maker LanzaTech.
The meeting, which was scheduled to occur today at 11:00 a.m., ...READ MORE
SPACs Reducing Redemption Values Due to Excise Tax Are in the Crosshairs
The grumblings are getting louder…
The 1% excise tax on share buybacks is still causing ripple effects throughout the SPAC ecosystem. It’s a game of whack-a-mole where the issue never goes away, or like a SPAC virus that keeps spawning variants. ...READ MORE
The Latest SPAC News and Rumors: February 1, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hollywood’s Chernin, Banijay’s owner in talks to buy ITV Studios, Westrock Coffee to develop new distribution center, and NRC begins public engagement for TRISO-X nuclear fuel facility license
Hollywood’s Chernin, Banijay’s owner in talks on ITV Studios
Veteran Hollywood producer Peter Chernin and the owner of French TV production group Banijay have expressed an interest in buying a stake in UK broadcaster ITV’s Studios, the maker of hit show “Love Island”, sources familiar with the matter told Reuters. ...READ MORE
Pono Capital Two (PTWO) to Combine with SBC Medical Group in $1.2Bn Deal
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New Vista Acquisition Corp. (NVSA) Signs LOI with Verijet
New Vista Acquisition Corp. (NASDAQ: NVSA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with private aviation firm Verijet Holding Company LLC.
Although details on the proposed merger remain limited for the time being, the SPAC expects to announce further information once a definitive agreement has been finalized. New ...READ MORE
Podcast: Tempo Automation President & CEO Joy Weiss and Chairman Behrooz Abdi
Electronics manufacturing is a huge sector, but it’s also fragmented, particularly at the early stages of a new product’s lifecycle.
With its SPAC deal, Tempo Automation (NASDAQ:TMPO) is hoping to change that. ...READ MORE
Crown PropTech Acquisitions (CPTK) Inks Non-Redemption Agreements
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
The Latest Liquidations: January 31, 2023
Latest SPAC Liquidations: Ascendant Digital Acquisition Corp. III, Mason Industrial Technology, Catalyst Partners Acquisition Corp.
Ascendant Digital III (ACDI) to Liquidate on February 16
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 Acquisition Corp. I (AACI) Postpones Extension Vote for Third Time
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