The Latest Liquidations: December 12, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
OmniLit Acquisition Corp. (OLIT) Postpones Extension Vote
OmniLit Acquisition Corp. (NASDAQ:OLIT) announced this afternoon that its special meeting to extend its deadline, originally scheduled for Tuesday, December 13, 2022, has been postponed to Wednesday, December 21, 2022.
The SPAC hopes to use this additional time to continue soliciting proxies from stockholders. ...READ MORE
Aurora Technology Acquisition Corp. (ATAK) Signs Non-Binding LOI with DIH Technology
Aurora Technology Acquisition Corp. (NASDAQ:ATAK) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with robotics company DIH Technology Ltd.
Under the terms of the LOI, DIH’s shareholders will roll 100% of their equity into the combined public company. ...READ MORE
AMCI Acquisition Corp. II (AMCI) Amends Deal for Lanza Tech
AMCI II (NASDAQ:AMCI) announced this afternoon that it has amended its merger agreement, sponsor support agreement, and subscription agreement in connection to its proposed merger with renewable materials-maker LanzaTech.
The parties amended the merger agreement to include the aggregate net proceeds from each of the AM SAFE and Brookfield SAFE in the acquiror closing cash amount. ...READ MORE
Satixfy (SATX) Releases Cantor Warrants from Lock-Up
Satellite company Satixfy (NYSE:SATX), which combined with Endurance Acquisition Corp. in October, announced in a 6-K this morning that it has waived the lock-up on 1,000,000 private placement warrants held by Cantor Fitzgerald. ...READ MORE
The Latest SPAC News and Rumors: December 12, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Infinite Reality nears merger with Newbury Street, Plan B Entertainment sells stake to French Mediawan, and Intuitive Machines tracks Artemis I Mission
Infinite Reality Nears Merger With Newbury Street SPAC
Infinite Reality Inc., ...READ MORE
Americas Technology Acquisition Corp. (ATA) Terminates Deal with Rally Communitas
Americas Technology Acquisition Corp. (NYSE: ATA) announced on Friday evening that it has mutually agreed to terminate its combination with mass mobility firm Rally Communitas.
Although the management team did not disclose a reason for the deal termination, it is likely due to the result of unfavorable market conditions. ...READ MORE
Primavera Capital (PV) Shareholders Approve Lanvin Group Deal
Primavera (NYSE:PV) announced that its shareholders have approved its business combination with the luxury fashion Lanvin Group during a special meeting held Friday, December 9.
The parties’ press release did not include redemption figures, but, regardless, the parties expect to close the deal December 14, after which the combined company will trade on the NYSE under the symbol “LANV” beginning December 15. ...READ MORE
SPAC IPO Terms Tracker: Another Week, Another New S-1
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Belong (BLNG) Postpones Extension Vote, Enters Non-Redemption Agreement, and Signs LOI
Belong Acquisition Corp. (NASDAQ:BLNG) disclosed in an 8-K this afternoon that its special meeting, originally scheduled for Wednesday, December 14, has been postponed to Wednesday, December 21. Additionally, the SPAC has entered into a non-redemption agreement, and signed a non-binding letter of intent (LOI). ...READ MORE
The Latest Liquidations: December 9, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Crypto 1, DILA Capital, SCP & CO Healthcare, Cohn Robbins, and ScION Growth Tech I
Crypto 1 Acquisition Corp.
...READ MORE
The Latest SPAC News and Rumors: December 9, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Southland awarded $70M contract for Denver International Airport expansion project, and Bakkt reduces 15% of employee base
Southland Awarded $70 Million Denver International Airport West Gates Pond Expansion Project
Southland Holdings, LLC (“Southland”) announced today that a subsidiary in its Civil segment, Southland Contracting, has been awarded a $70 million contract for Denver International Airport’s West Gates Pond Expansion. ...READ MORE
Altitude Acquisition Corp. (ALTU) Signs Non-Binding LOI
Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with a global medical device manufacturer.
The SPAC originally teased this deal on October 4, the same day as its redemption deadline, when it announced it was in negotiations to sign a LOI with the medical device manufacturer. ...READ MORE
InterPrivate II (IPVA) Shareholders Approve Getaround Deal
InterPrivate II (NYSE:IPVA) disclosed this morning that its shareholders have approved its business combination with car-sharing marketplace Getaround during a special meeting held on Wednesday, December 7.
The combined company raised approximately $228 million in gross proceeds through the deal, including the amounts retained in InterPrivate II’s trust account, the conversion of approximately $37.5 million of bridge notes and the issuance of $175 million of convertible notes. ...READ MORE
10X Capital Venture III (VCXB) Signs LOI with Sparks Energy
10X Capital Venture Acquisition Corp. III (NYSE:VCXB) included in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with Sparks Energy.
Sparks is a leader in storm response and energy restoration management with qualified crews for overhead and underground distribution, transmission, substation and row operations. ...READ MORE
Figure Acquisition Corp. I (FACA) Signs Non-Binding LOI
Figure Acquisition Corp. I (NYSE:FACA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with an unnamed warehouse lender and bank holding company.
The press release kept details to a minimum on the target, but disclosed that the bank is a $3-5 billion asset holding company that provides home loans to communities across the nation. ...READ MORE
Where Are They Now? – AerSale
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributors Anthony Sozzi and Sam Beattie. ...READ MORE
The Latest Liquidations: December 8, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.