The Latest SPAC News and Rumors: January 9, 2023

Jan 9, 2023 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Saxo Bank eyes Copenhagen listing after failed SPAC merger, and SPACs win small respite under IRS stock-buyback tax guidance

Saxo Bank eyes Copenhagen listing after failed SPAC merger

Saxo Bank could give its external investors a new chance to cash in, including via an initial public offering, as early as this year, CEO Kim Fournais told Reuters, after plans to merge with Disruptive Capital AC, a blank-check company, collapsed last month. ...READ MORE

Paya (PAYA) to Be Acquired by Nuvei for $9.75 Per Share

Jan 9, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Paya (NASDAQ:PAYA), which completed a combination with FinTech III in October 2020, announced this morning that it has agreed to be acquired by its Canadian peer Nuvei (TSX:NVEI) in an all-cash transaction at $9.75 per share. ...READ MORE

The Latest Liquidations: January 6, 2023

Jan 6, 2023 Headline Post, INTEL by Marlena Haddad

Latest SPAC Liquidations: TZP Strategies, Authentic Equity, and IG Acquisition Corp

TZP Strategies Acquisition Corp. (TZPS) to Liquidate on January 23

TZP Strategies Acquisition Corp. (NASDAQ:TZPS) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on January 23, 2023. ...READ MORE

IG Acquisition Corp. (IGAC) Terminates PlayUp Deal, Will Liquidate

Jan 6, 2023 Headline Post, INTEL by Marlena Haddad

IG Acquisition Corp. (NASDAQ:IGAC) announced in an 8-K this afternoon that it has terminated its business combination with mobile gaming platform PlayUp and will instead liquidate its trust.

The SPAC today disclosed that it provided written notice to PlayUp that it was terminating the business combination, effective immediately. ...READ MORE

The Latest SPAC News and Rumors: January 6, 2023

Jan 6, 2023 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Boxed mulls potential sale, Thailand’s PTT relaunches discussions to buy ReNew Power’s solar assets, and ECARX and smart unveil immersive digital cockpit computing platform

E-tailer Boxed mulls potential sale

Strapped for financing, online bulk-products retailer Boxed Inc. ...READ MORE

StoneBridge Acquisition Corp (APAC) to Combine with DigiAsia in $500M Deal

Jan 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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FG Merger Corp. (FGMC) to Combine with iCoreConnect in $98M Deal

Jan 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

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Podcast: Plastiq Founder & CEO Eliot Buchanan

Jan 6, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

Small and medium-sized businesses (SMBs) are hard to market to and are routinely under-banked, so how can financial services firms reach them?

This week, we speak with Plastiq Founder and CEO Eliot Buchanan. ...READ MORE

Broad Capital Acquisition Corp (BRAC) Postpones Extension Vote to Jan. 13

Jan 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Broad Capital Acquisition Corp. (NASDAQ:BRAC) announced this morning that it is bumping its shareholder vote from January 9 to 10:30 am ET, January 10.

The special meeting will seek approval for the SPAC to extend its transaction deadline from January 13 to October 13 in exchange for a $0.0625 per share monthly contribution to the trust over this period. ...READ MORE

The Latest Liquidations: January 5, 2023

Jan 5, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: DTRT Health Acquisition Corp.

DTRT Acquisition Corp. (DTRT) to Liquidate

DTRT Health Acquisition Corp. (NASDAQ:DTRT) announced in an 8-K this afternoon that it has received a notice of termination of its merger agreement from healthcare company Consumer Direct and will instead liquidate its trust. ...READ MORE

Fortune Rise Acquisition Corp. (FRLA) Signs LOI with Water On Demand

Jan 5, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Fortune Rise Acquisition Corp. (NASDAQ: FRLA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with water fintech startup, Water On Demand (WODI).

Today’s LOI comes just a week after Fortune Rise announced that its sponsor had entered into and closed a membership interest purchase and transfer agreement with the water fintech company pursuant to which WODI purchased 100% of the membership interest of the sponsor. ...READ MORE

DTRT Health Acquisition Corp. (DTRT) Terminates Consumer Direct Deal, Will Liquidate

Jan 5, 2023 Headline Post, INTEL by Marlena Haddad

SPAC Lock-Up Expirations to Watch in January 2023

Jan 5, 2023 INTEL by Nicholas Alan Clayton

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

The Latest SPAC News and Rumors: January 5, 2023

Jan 5, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Newsight Imaging partners with First International Computer, D-Wave and Davidson Technologies enter multi-year reseller agreement, and Alliance Entertainment automates warehouse

Newsight Imaging and First International Computer Announce Partnership for LiDAR solution for Automotive Safety

Newsight Imaging Ltd. ...READ MORE

Alpha Healthcare III (ALPA) to Combine with Carmell Therapeutics in $188M Deal

Jan 5, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Rose Hill (ROSE) Postpones Extension Vote to Jan. 12

Jan 5, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Rose Hill Acquisition Corp. (NASDAQ:ROSE) announced this morning that it is pushing out its shareholder vote, originally scheduled for today, to January 12 at 3:00 p.m. ET.

This means that the SPAC’s new redemption deadline will be 5 pm ET, January 10. ...READ MORE

The Latest Liquidations: January 4, 2023

Jan 4, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Fortress Capital Acquisition Corp.

Fortress Capital Acquisition Corp. (FCAX) to Liquidate January 13

Fortress Capital Acquisition Corp. (NYSE:FCAX) today announced that its board of directors has determined to redeem all of its outstanding, effective as of January 18, 2023. ...READ MORE

Mount Rainier Acquisition Corp. (RNER) Shareholders Approve HUB Cyber Security Deal

Jan 4, 2023 Headline Post, INTEL by Marlena Haddad

Mount Rainier Acquisition Corp. (NASDAQ:RNER) announced this afternoon that its shareholders approved its combination with confidential computing developer HUB Cyber Security Israel at a special meeting held earlier today.

The meeting was originally scheduled for December 30 before getting pushed to today to give shareholders additional time to consider reversing redemption requests. RNER’s ...READ MORE

Model Performance Acquisition Corp. (MPAC) Completes MultiMetaVerse Deal

Jan 4, 2023 Headline Post, INTEL by Marlena Haddad

Model Performance Acquisition Corp. (NASDAQ:MPAC) announced this afternoon that it has completed its business combination with MultiMetaVerse.

MultiMetaVerse Inc., an animation and entertainment company devoted to establishing an open community for its global users and to providing high-quality and immersive entertainment experiences is expected to begin trading tomorrow, January 5, on the Nasdaq Global Market under the ticker symbol “MMV”. ...READ MORE

Pontem Corporation (PNTM) Signs Non-Binding LOI

Jan 4, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Pontem Corporation (NYSE:PNTM) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a target company.

The unnamed target, which has been in business for almost forty years, operates a multinational industrial technology business that serves diversified end markets. ...READ MORE