Global Consumer Acquisition Corp. (GACQ) Shareholders Approve GP Global & Luminex Deal
Global Consumer (NASDAQ:GACQ) disclosed this afternoon that its shareholders approved its combination with air care companies GP Global and Luminex at a special meeting held on November 10.
The business combination was overwhelmingly approved as 18,909,414 votes were cast in favor of the deal and 1,730,425 votes against it. ...READ MORE
Quantum FinTech Acquisition Corp (QFTA) to Combine with AtlasClear
Quantum FinTech (NYSE:QFTA) has entered into a definitive agreement to acquire AtlasClear, which is itself combining with correspondent clearing broker-dealer Wilson Davis & Co. and acquiring Commercial Bancorp of Wyoming.
The combined company is expected to trade on the NYSE under the symbol “ATCL” once the deal is completed in the second or third quarter of 2023. ...READ MORE
The Latest SPAC News and Rumors: November 16, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Surf Air files for direct listing, Otonomo in talks to merge with UK auto-tech rival Wejo, and Forbes could sell for $800 million
Surf Air confidentially files for direct listing after ending SPAC deal
Electric aviation and regional air travel company Surf Air Mobility said on Wednesday it had confidentially filed for a direct listing in the United States after terminating its $1.42 billion merger deal with a blank check firm. ...READ MORE
OceanTech Acquisitions I Corp. (OTEC) to Combine with Majic Wheels in $333M Deal
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Tuscan Holdings Corp. II (THCA) Terminates Deal with Surf Air Mobility
Tuscan Holdings Corp. II (NASDAQ:THCA) announced this morning that it has mutually agreed to terminate its combination with regional air travel company Surf Air Mobility.
The press release included little other information, but an 8-K filing notes that should Surf later complete a direct listing, IPO, private sale or further SPAC transaction between now and November 14, 2025, it will issue 600,000 shares to Tuscan II and as well as either 35,000 shares or $700,000 as a termination fee. ...READ MORE
Tiga Acquisition Corp. (TINV) Shareholders Approve Grindr Deal
Tiga Acquisition Corp. (NYSE:TINV) announced in an 8-K this morning that its shareholders have approved its business combination with LGBTQ+ social network Grindr during a special meeting held November 15.
The SPAC did incur 98.2% redemptions, however, which is not far off the average for recent closures, but nonetheless high. ...READ MORE
Liberty Media Acquisition Corp. (LMACA) Shareholders Approve Early Liquidation Date
Liberty Media Acquisition Corp. (Nasdaq: LMACA) announced this afternoon that its shareholders have approved a proposal to allow LMAC to amend its deadline date so it can liquidate early.
The SPAC previously filed a proxy in September to unwind and redeem all of its outstanding public shares prior to December 30, 2022. ...READ MORE
Frazier Lifesciences Acquisition Corp. (FLAC) Shareholders Approve NewAmsterdam Pharma Deal
Frazier Lifesciences (NASDAQ:FLAC) announced this morning that its shareholders have approved its business combination with biotech firm NewAmsterdam Pharma Holding during a special meeting today.
The SPAC disclosed that holders of approximately 32% of FLAC Class A ordinary shares exercised their right to redeem their shares for cash, significantly lower than the average redemption rate for completed deals this year at 83.99%. ...READ MORE
The Latest SPAC News and Rumors: November 15, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Elliott discloses new stake in Clarivate, Virusight and Technogenetics expand collaboration, and Apollomics receives FDA Orphan Drug Designation
Elliott Takes Stake in Clarivate With Take-Private Wave Rising
Elliott Investment Management disclosed a new stake in Clarivate Plc (NYSE:CLVT) amid a wave of take-private transactions in the information services sector. ...READ MORE
G&P Acquisition Corp. (GAPA) to Liquidate Trust
G&P Acquisition Corp. (NYSE:GAPA) announced this morning that it will liquidate its trust and be redeeming all shares effective as of November 30.
As such, today is to be the SPAC’s final trading day. ...READ MORE
Kingswood Acquisition Corp. (KWAC) Adjourns Extension Vote
Kingswood Acquisition Corp. (NYSE:KWAC) announced this morning that it is adjourning tomorrow’s special meeting from November 15, to November 18.
Similar to the issues Digital World (Nasdaq: DWAC) is having with its own extension vote, Kingswood disclosed that the meeting is being adjourned in order to solicit more votes toward the approval to further extend to May 24, 2023. ...READ MORE
8i Acquisition 2 Corp. (LAX) Arranges Prepaid Forward Agreement
8i Acquisition 2 (NASDAQ:LAX) announced this morning that it has entered into a Prepaid Forward Agreement with a certain institutional investor just days after shareholders approved its combination with digital health firm EUDA. ...READ MORE
The Latest SPAC News and Rumors: November 14, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: KKR to invest $500 million in Freyr Battery, and ex-CEO of Lordstown Motors sells millions of shares of stock he owns in EV startup
KKR Is In Talks to Invest $500 Million in Freyr Battery
Freyr Battery SA (NYSE:FREY) is in talks with KKR & Co. ...READ MORE
East Stone Acquisition Corp. (ESSC) Shareholders Approve ICONIQ Deal
East Stone (NASDAQ:ESSC) announced this morning that its shareholders have approved its business combination with EV-maker ICONIQ during a special meeting held on November 10.
The special meeting was originally scheduled for November 7, but was later adjourned to November 8, and then adjourned once again to November 10. ...READ MORE
SPAC IPO Terms Tracker: Week of Veterans Day
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