The Latest SPAC News and Rumors: December 5, 2022

Dec 5, 2022 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: Singapore’s Carousell Group cuts 10% of total headcount, and Graphjet Technology becomes first Malaysian company to join World Economic Forum

Singapore’s Carousell Group cuts 10% of total headcount, Co-Founder says ‘deeply sorry’

Singapore-headquartered recommerce group Carousell announced the group is cutting 110 roles or about 10 percent of the company’s total headcount. ...READ MORE

Tender Offer for $75M of Pathfinder Acquisition Corporation (PFDR) Stock

Dec 5, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Frequent SPAC investors Francisco Partners announced this morning that they have launched a cash tender offer to purchase 7,500,000 Pathfinder (NASDAQ:PFDR) Class A shares for $10 per share. The offer will expire on January 4, 2023, at 11:59 p.m. ...READ MORE

Gores Holdings VIII, Inc. (GIIX) Terminates Deal with Footprint

Dec 5, 2022 Headline Post, INTEL by Marlena Haddad

Gores VIII (NASDAQ:GIIX) announced this morning that it has mutually agreed to terminate its combination with sustainable materials company Footprint.

The SPAC disclosed that the two parties have decided to part ways due to the result of current unfavorable conditions in the public markets. ...READ MORE

TG Venture Acquisition Corp. (TGVC) to Combine with The Flexi Group in $205M Deal

Dec 5, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Concord Acquisition Corp. (CND) and Circle Mutually Terminate Deal

Dec 5, 2022 Headline Post, INTEL by Marlena Haddad

Concord Acquisition Corp. (NYSE:CND) announced this morning that it has mutually agreed to terminate its combination with cryptocurrency payments platform Circle.

Concord now has just a few days remaining on its clock to complete a business combination with a deadline of December 10, 2022. ...READ MORE

SPAC IPO Terms Tracker: Uptick in New S-1s

Dec 2, 2022 INTEL by sam.beattie

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The Latest Liquidations: December 2, 2022

Dec 2, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

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

Latest SPAC Liquidations: NightDragon, VectoIQ II, and Fortistar Sustainable Solutions Corp.

Night Dragon Acquisition Corp.

Lakeshore Acquisition I Corp. (LAAA) Shareholders Approve ProSomnus Deal

Dec 2, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) disclosed this afternoon that its shareholders have approved its business combination with medical device company ProSomnus during a special meeting held earlier today.

Approximately 92.4% of the votes cast at the meeting on the business combination proposal, representing approximately 80.5% of Lakeshore’s outstanding shares, voted to approve the deal. ...READ MORE

The Latest SPAC News and Rumors: December 2, 2022

Dec 2, 2022 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: Embark director Elaine Chao and others sued over SPAC merger, Alvotech switches CEO and takes COO from Teva, and Uber Freight and Aurora expand pilot

Embark Director Elaine Chao, Others Sued Over SPAC Merger

A special acquisition company misclassified some of its shares to buy Embark Technology Inc.

Top 3 SPAC Targets – Security

Dec 2, 2022 Headline Post, INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among potential targets in the security industry. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

The Latest Liquidations: December 1, 2022

Dec 1, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

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

Latest SPAC Liquidations: Atlas Crest Investment II and One Equity Partners Open Water I

Atlas Crest Investment Corp.

Altimeter Growth Corp. 2 (AGCB) to Liquidate

Dec 1, 2022 Headline Post, INTEL by Marlena Haddad

Altimeter Growth Corp. 2 (NYSE: AGCB) announced this afternoon that it has decided to liquidate its trust due to its inability to complete a business combination.

As part of the liquidation, the company now plans on redeeming all of the outstanding shares of Class A common stock that were included in its IPO at a per-share redemption price of approximately $10.11. ...READ MORE

DTRT Health Acquisition Corp. (DTRT) Adjourns Extension Vote

Dec 1, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

DTRT Health Acquisition Corp. (NASDAQ:DTRT) announced this afternoon that it convened and then adjourned today’s special meeting, without conducting any other business.

The SPAC disclosed that it has adjourned the meeting in order to provide additional time to effectuate the extension timeline for its proposed merger with Consumer Direct. ...READ MORE

The Latest SPAC News and Rumors: December 1, 2022

Dec 1, 2022 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: NYSE president says IPO proceeds fall more than 90% while Nasdaq president remains hopeful for 2023, and Giuliani brothers sell pharma stocks as they invest in biotech SPACs

NYSE president says IPO proceeds fall more than 90%

Volatility and market uncertainty have taken a big hit on the number of companies going public, driving down initial public offering proceeds by 93% this year, Lynn Martin, president of the New York Stock Exchange said on Wednesday. ...READ MORE

InterPrivate II Acquisition Corp. (IPVA) Tweaks Bonus Shares

Dec 1, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

InterPrivate II Acquisition Corp. (NYSE:IPVA) disclosed this morning that it has restructured its bonus share agreement in connection to its proposed merger with carsharing marketplace Getaround.

The parties previously agreed to reserve and set aside the bonus shares, consisting of 9,333,333 shares, to be allocated to the non-redeeming public stockholders, the designees of EarlyBirdCapital and the holders of the Class B Stock. ...READ MORE

Iris Acquisition Corp (IRAA) to Combine with Liminatus Pharma in $334M Deal

Dec 1, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Lakeshore Acquisition I Corp. (LAAA) Arranges Non-Redemption Agreement

Dec 1, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Lakeshore Acquisition Corp. I (NASDAQ:LAAA) announced this morning that it has entered into a non-redemption agreement and amended its purchaser support agreement with initial shareholders in connection to its proposed merger with medical device company ProSomnus. ...READ MORE

SPAC Lock-Up Expirations to Watch in December

Nov 30, 2022 INTEL by Nicholas Alan Clayton

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Pacifico Acquisition Corp. (PAFO) Shareholders Approve Caravelle Deal

Nov 30, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Pacifico Acquisition Corp. (NASDAQ:PAFO) disclosed this afternoon that its shareholders have approved its business combination with sustainable shipping company Caravelle during a special meeting held earlier today.

At today’s special meeting, 6,194,813 shares voted by proxy or in person, representing 82.65% of the total outstanding shares. ...READ MORE

Primavera Capital (PV) Investor Wants Out of FPA Ahead of Shareholder Vote

Nov 30, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Primavera Capital (NYSE:PV) announced this afternoon that it has received letters from Sky Venture Partners, claiming that it has been relieved of its obligation under its previous forward purchase agreement (“FPA”). ...READ MORE