The Latest Liquidations: November 21, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
ACE Convergence (ACEV) Secures $100M Committed Equity Financing for Tempo Deal
ACE Convergence (NASDAQ:ACEV) announced this afternoon that it has secured a committed equity facility of up to $100 million with White Lion Capital.
Under the terms of the facility, White Lion Capital has committed to purchase up to an aggregate of $100 million in the post-closing combined company’s common shares from time to time after the completion of the business combination between electronics manufacturer Tempo Automation and ACE at the request of the post-closing combined company. ...READ MORE
The Latest SPAC News and Rumors: November 21, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bitfufu among creditors of Sam Bankman-Fried’s FTX, tech startups shun Singapore and Hong Kong for U.S.
...READ MORE
Industrial Tech Acquisitions II (ITAQ) to Combine with NXTCLEAN in $530M Deal
Industrial Tech II (NASDAQ:ITAQ) has entered into a definitive agreement to combine with renewable energy producer NEXT Renewable Fuels, Inc. (“NEXT, “NXT” or the “Company”) at an enterprise value of $530 million, or 0.9x its 2025E EBITDA. ...READ MORE
PropTech Investment II (PTIC) Adds FPA to Appreciate Deal
PropTech Investment II (NASDAQ:PTIC) announced this morning that it has entered into a forward purchase agreement (FPA) for an OTC Equity Prepaid Forward Transaction with Vellar Opportunity Fund for its recently approved combination with rental marketplace Appreciate. ...READ MORE
SPAC IPO Terms Tracker: Early Liquidation Proxies on the Rise
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INSU Acquisition Corp. III (IIII) to Liquidate Trust
INSU Acquisition Corp. III (NASDAQ:IIII) announced this afternoon that it will liquidate its trust due to its inability to complete a business combination.
As of the close of business on December 22, ISNU’s public shares will be deemed cancelled and will represent only the right to receive the redemption amount of approximately $10.09. ...READ MORE
FinTech Acquisition Corp. V & VI (FTCV, FTVI) to Liquidate Trusts
FinTech Acquisition Corp. V (NASDAQ:FTCV) and FinTech Acquisition Corp. VI (NASDAQ:FTVI) both announced this afternoon that they will be liquidating their trusts due to the inability to complete a business combination.
FTCV expects to dissolve and liquidate its trust effective as of the close of business on December 9, and will redeem all of the outstanding shares at a per-share redemption price of approximately $10.08. ...READ MORE
Jiya Acquisition Corp. (JYAC) to Liquidate Trust
Jiya Acquisition Corp. (NASDAQ:JYAC) announced this afternoon that it will liquidate its trust due to its inability to complete a business combination.
The SPAC expects its shares to stop trading as of the close of business on November 23. ...READ MORE
Population Health Investment Co. (PHIC) to Liquidate Trust
Population Health Investment Co., Inc. (NASDAQ:PHIC) announced this afternoon that it will liquidate its trust and be redeeming all shares effective as of November 30.
As such, the SPAC’s shares will stop trading as of the close of business on November 29. ...READ MORE
PropTech Investment Corporation II (PTIC) Shareholders Approve Appreciate Deal
PropTech Investment II (NASDAQ:PTIC) announced this afternoon that its shareholders have approved its business combination with rental marketplace Appreciate during a special meeting held earlier today.
The SPAC did not disclose redemption amounts, but shares of PTIC traded above its trust value of $10 throughout its redemption deadline November 16. ...READ MORE
Grindr (GRND), Satixfy (SATX), AGBA (AGBA) Take Post-Vote Jumps
Traders have long looked to SPACs for special plays around their votes as the post-vote period frequently involves some turnover in holdings that can be attractive to shorts, and redemptions can reduce the stocks to low-float situations prone to easy upward pressure. ...READ MORE
The Latest SPAC News and Rumors: November 18, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Tims China extends retail distribution partnership with Alibaba’s Freshippo, Anghami reduces headcount by 22%, and Grindr shares soar 400% after SPAC merger
Tims China extends RTD reach with Alibaba’s Freshippo
Tims China (NASDAQ:THCH) has announced a two-year ready-to-drink (RTD) retail distribution partnership with Chinese grocery chain Freshippo. ...READ MORE
Genius Sports (GENI) Commences Warrant Consent Solicitation
Genius Sports (NYSE:GENI), which completed its combination with dMY Technology Group Inc. II in April 2021, announced this morning that it has started a solicitation of consents from holders of outstanding warrants to amend the exercise period so the warrants will expire on January 18, 2023, instead of on April 20, 2026. ...READ MORE
OPAL Fuels (OPAL) Calls All Outstanding Warrants
OPAL Fuels (NASDAQ:OPAL), which combined with ArcLight Clean Transition Corp. II in July, announced this morning that has launched an offer to exchange all public and private placement warrants for 0.25 Class A shares each. ...READ MORE
Kingswood Acquisition Corp. (KWAC) Adjourns Extension Vote Again
Kingswood Acquisition Corp. (NYSE:KWAC) announced yesterday afternoon that it is once again adjourning its special meeting.
The SPAC originally adjourned its special meeting on November 15, to November 18, and will now be adjourning the meeting again from November 18, to November 23. ...READ MORE
Top 3 SPAC Targets – Gaming
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 (GLBL) Shareholders Approve Tiedemann Group and Alvarium Investments Deal
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
The Latest SPAC News and Rumors: November 17, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Getaround announces changes in executive team and Board of Directors, and Fisker’s new electric SUV starts rolling off the assembly line
Getaround Announces Executive Team and Board Finance Leadership
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
