The Latest SPAC News and Rumors: October 25, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Flair Airlines in talks to merge with former Boeing CEO’s SPAC, and DWAC says early talks with Trump Media were not ‘substantive’
Flair Airlines Is in Talks to Merge With Ex-Boeing CEO’s SPAC
Flair Airlines Ltd., ...READ MORE
Bannix Acquisition Corp. (BNIX) Sponsor Sells Interest to Instant Fame LLC
Bannix Acquisition Corp. (NASDAQ: BNIXU) management and sponsors have sold a total of 475,000 shares of common stock to Instant Fame LLC resulting in a change in leadership.
The sponsor, Suresh Yezhuvath, CFO Nicholas Hellyer, and directors of the company, Balaji Venugopal Bhat, Subbanarasimhaiah Arun, Vishant Vora, sold an aggregate of 385,000 shares of BNIX while Suresh Yezhuvath sold 90,000 private placements units in the private transaction. ...READ MORE
Avista Public Acquisition Corp. II (AHPA) Shareholders Approve Ligand Deal
Avista Public Acquisition Corp. II (NASDAQ:AHPA) announced this afternoon that its shareholders have approved its combination with Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) to spin-off its antibody discovery business OmniAb, Inc. at a special meeting held earlier today. ...READ MORE
The Latest SPAC News and Rumors: October 24, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Archer Aviation plans to build 250 air taxis in 2025, and NextChem awards LanzaTech an engineering contract
Archer Aviation plans to build 250 air taxis in 2025
Archer Aviation Inc (NYSE:ACHR) said it aims to make about 250 battery-electric air taxis in 2025 and scale up production in the following years, after setting a goal of getting its aircraft certified by the end of 2024. ...READ MORE
Endurance Acquisition Corp. (EDNC) Adds Funding to Satixfy Deal Ahead of Vote
Endurance Acquisition Corp. (NASDAQ:EDNC) announced in an 8-K this morning that it has added additional financing to its combination with satellite company Satixfy ahead of its completion vote October 25.
The new funds come in the form of a prepaid forward transaction wherein the investor will purchase up to 10,000,000 shares. ...READ MORE
The Music Acquisition Corp. (TMAC.U) Files to Liquidate Early by Vote
The Music Acquisition Corp. (NYSE: TMAC.U) filed a proxy this morning to seek shareholder approval to liquidate its trust early.
TMAC doesn’t have a completion deadline until February 5, 2023, but the SPAC’s board has determined that it is very unlikely that it will be able to complete a business combination before then. ...READ MORE
BOA Acquisition Corp. (BOAS) Shareholders Approve Selina Deal
BOA Acquisition Corp. (NYSE:BOAS) announced this morning that its shareholders have approved its combination with hospitality brand Selina at a special meeting held on Friday.
Holders of approximately 89.7% of BOA’s issued and outstanding shares were present at the special meeting and more than 83% of the votes were cast in favor of the business combination. ...READ MORE
AMCI II (AMCI) Adds $50M PIPE to LanzaTech Deal
AMCI II (NASDAQ:AMCI) announced this morning that it has added a $50 million PIPE to its combination with renewable materials-maker LanzaTech.
Woodside Energy (ASX:WDS) is investing in this PIPE at $10 per share and the two sides expect a strategic collaboration to follow, accelerating LanzaTech’s scale-up as it seeks out new ways to capture carbon and turn it into new industrial feedstocks. ...READ MORE
SPAC IPO Terms Tracker: Liquidations on the Rise
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HNR Acquisition Corp. (HNRA) Inks Common Stock Purchase Agreement
HNR Acquisition Corp. (NYSE:HNRA) announced this afternoon that it has entered into a common stock purchase agreement and a related registration rights agreement with White Lion Capital.
Pursuant to the agreement, HNR has the right, but not the obligation, to require White Lion to purchase up to $150 million in newly issued shares of the company’s Class A common stock. ...READ MORE
Benessere Capital Acquisition Corp. (BENE) to Liquidate Trust
Benessere Capital Acquisition Corp. (NASDAQ: BENE) announced in a press release this afternoon that its board of directors has determined to dissolve and liquidate its trust.
The SPAC’s move to liquidate comes just days after its merger target eCombustible terminated the pair’s combination agreement. ...READ MORE
BCLS Acquisition Corp. (BLSA) to Liquidate Trust
BCLS Acquisition Corp. (NASDAQ: BLSA) announced this afternoon that due to its inability to complete a business combination, it intends to dissolve and liquidate its trust.
As of the close of business on October 26, BCLS’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive the per-share redemption price of $10.03 within ten business days. ...READ MORE
Sandbridge X2 Corp. (SBII.U) Files to Liquidate Early by Vote
Sandbridge X2 Corp. (NYSE: SBII.U) filed a proxy this afternoon to seek shareholder approval to liquidate early.
The SPAC’s board has determined that it is very unlikely that Sandbridge X2 will be able to complete a business combination before its completion deadline of March 12, 2023. ...READ MORE
AGBA Acquisition Limited (AGBA) Amends TAG Deal
AGBA (NASDAQ:AGBA) announced this afternoon that it has made a few changes to its proposed merger with the five subsidiaries of financial holding company TAG.
As part of today’s amendment, the parties extended the outside closing date from October 31 to December 31. ...READ MORE
The Latest SPAC News and Rumors: October 21, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Boost Mobile founder wants to buy back service, Lavoro partners with Pattern Ag to predict crop risks, and Starry Group lays off half of staff
Boost Mobile Founder Wants to Buy Back Service, Prevent Deal by Dish
The founder of Boost Mobile wants to buy the wireless service back and keep current owner Dish Network Corp. ...READ MORE
Where Are They Now? – Simply Good Foods
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