COVA Acquisition Corp. (COVA) Closes ECARX Holdings Deal
COVA Acquisition Corp. (NASDAQ:COVA) announced this morning that its shareholders have approved and closed its business combination with global mobility tech company ECARX Holdings during a special meeting held on Wednesday, December 14. ...READ MORE
The Latest Liquidations: December 20, 2022
Latest SPAC Liquidations: Class Acceleration, SOAR Technology, and Argus Capital
Class Acceleration Acquisition Corp. (CLAS) to Liquidate on December 29
Class Acceleration’s (NYSE:CLAS) board of directors has determined to liquidate and dissolve the company as soon as practicable before December 31, 2022. ...READ MORE
Model Performance Acquisition Corp. (MPAC) Adjourns Vote for MultiMetaVerse Deal
Model Performance Acquisition Corp (NASDAQ:MPAC) announced in an 8-K that today’s special meeting to approve its $300 million combination with MultiMetaVerse has been adjourned to December 28.
The SPAC did not disclose why the meeting was adjourned, but as of its last vote date on September 28, Model Performance had received requests to redeem a total of 3,508,994 shares, representing 61.03% of its trust. ...READ MORE
The Latest SPAC News and Rumors: December 20, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: EQT Private Equity completes acquisition of Billtrust, Truth Social introduces direct messaging to platform, and Florida Office of Insurance Regulation approves East Resources business combination with Abacus Life
EQT Private Equity completes acquisition of Billtrust in $1.7B deal
Global investment firm EQT Private Equity has completed its acquisition of B2B payments company Billtrust (NASDAQ:BTRS). ...READ MORE
HCM Acquisition Corp (HCMA) Postpones Extension Vote
HCM Acquisition Corp (NASDAQ:HCMA) announced in an 8-K that it would postpone its special meeting set for 10 am ET this morning to extend the company’s transaction deadline. The meeting will be held, if at all, at a later date to be determined by the board of directors of the Company. ...READ MORE
AlphaVest Acquisition Corp. (ATMVU) Prices $60M IPO
AlphaVest Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ATMVU” Tuesday, December 20, 2022.
The new SPAC intends to focus its search on businesses in Asia, and is not limited to a particular industry or geographic region. ...READ MORE
The Latest Liquidations: December 19, 2022
Latest SPAC Liquidations: MDH, RXR, and Oyster Enterprises
MDH Acquisition Corp. (MDH) to Liquidate on December 29
MDH Acquisition Corp. (NYSE: MDH) filed a definitive proxy statement relating to a special meeting of stockholders to redeem all of its outstanding shares of Class A common stock by changing the company’s liquidation date from February 4, 2023 to December 29, 2022. ...READ MORE
Mountain Crest Acquisition Corp. V (MCAG) Adjourns Extension Vote
Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) announced that it convened and adjourned today’s extension vote to tomorrow, December 20, at 5:00 p.m.
The SPAC, which originally had 12 months on its timeline to complete a business combination, IPO’d in November 2021, but has the ability to extend two-times for three months each at $0.10/extension. ...READ MORE
7GC & Co. Holdings Inc. (VII) Postpones Extension Vote
7GC & Co. Holdings Inc. (NASDAQ:VII) announced this afternoon that it has postponed tomorrow’s extension vote to 3:00 p.m. E.T. on December 21.
In connection with the change, the company has further extended the deadline for holders of the Company’s Class A common stock to submit their shares for redemption in connection with the extension to 5:00 p.m. ...READ MORE
Corner Growth Acquisition Corp. (COOL) Adjourns Extension Vote
Corner Growth (NASDAQ:COOL) announced this afternoon that it has adjourned today’s extension vote to 4:30 p.m. E.T. on December 20.
The SPAC hopes the additional time will allow the company to engage with its stockholders and solicit redemption reversals. ...READ MORE
OmniLit Acquisition Corp. (OLIT) Signs Non-Binding LOI
OmniLit Acquisition Corp. (NASDAQ:OLIT) announced in an 8-K filing this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a target company ahead of its extension vote on Wednesday. ...READ MORE
Achari Ventures Holdings Corp. I (AVHI) Adjourns Extension Vote
Achari Ventures Holdings Corp. I (NASDAQ:AVHI) announced this morning that it has adjourned today’s extension vote to 2:00 p.m. ET, December 22.
The Special Meeting is being held for the purpose of gaining approval to extend Achari’s timeline by three months, from January 19, 2023 to April 19, 2023, or by six months to July 19, 2023. ...READ MORE
The Latest SPAC News and Rumors: December 19, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hong Kong market regulator urges city to uphold rule of law, IPO market freeze sparks 80% drop in Nasdaq listings, and Grab takes cost-cutting measures
Top Hong Kong Market Regulator Urges City to Uphold Rule of Law
Hong Kong’s status as an international financial center hinges on ensuring investors have confidence that the city follows the “conventional” rule of law in place in other global hubs and maintaining its special role as a bridge between the world and China, according to Ashley Alder, the outgoing top market regulator. ...READ MORE
Angel Pond Holdings Corporation (POND) Closes MariaDB Deal
Angel Pond Holdings (NYSE:POND) announced this morning that it has closed its combination with MariaDB and its shares and warrants will begin trading on the NYSE today under the symbols “MRDB” and “MRDB WS”. ...READ MORE
SPAC IPO Terms Tracker: Increased Term Changes and Liquidations
To access this post, you must purchase 1 - User: Monthly Plan.
The Latest Liquidations: December 16, 2022
Latest SPAC Liquidations: Velocity, Hennessy Capital V, Glass Houses, Figure I
Velocity Acquisition Corp. (VELO) to Liquidate on December 20
Velocity Acquisition Corp. (NASDAQ:VELO) will not consummate an initial business combination and intends to dissolve and liquidate effective as of the close of business on December 20, 2022. ...READ MORE
Aries I Acquisition Corp. (RAM) Terminates Infinite Assets Deal
Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has terminated its combination agreement with metaverse technology firm Infinite Assets.
The SPAC plans to continue to seek out a combination target, but will likely have to fund extensions to do so. ...READ MORE
Sizzle Acquisition Corp. (SZZL) Postpones Extension Vote
Sizzle (NASDAQ:SZZL) announced that will be postponing its upcoming extension vote from December 19 to a date yet to be determined in February.
This is likely to come in the first week of the month as the SPAC has its existing transaction deadline set for February 8. ...READ MORE