The Latest SPAC News and Rumors: October 17, 2022

Oct 17, 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: Trump Media fires whistleblowers after sharing SEC complaint, Lavin Group revenue up 73% in 1H22, and Southland awarded $155M

Trump Media Fires Whistleblower After He Shares SEC Complaint Detailing Securities Violation

Trump Media & Technology Group (TMTG), which owns the Truth Social platform, lost no time in firing Will Wilkerson after he shared with the Washington Post a whistleblower complaint he filed with the SEC in August. ...READ MORE

Primavera Capital Acquisiton Corporation (PV) Adds $50m in Lanvin Group Deal Tweak

Oct 17, 2022 INTEL by Nicholas Alan Clayton

Primavera Capital (NYSE:PV) announced that it has added $50 million in committed funding to its combination with the Lanvin Group amid other changes to the transaction.

Meritz Securities (KS:008560) agreed to provide the financing in a private placement and may invest an additional $15 million via a PIPE. ...READ MORE

Blockchain Moon Acquisition Corp. (BMAQ) to Combine with DLTx ASA in $163M Deal

Oct 17, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Blockchain Moon (NASDAQ:BMAQ) has entered into a definitive agreement to combine with Web 3.0 infrastructure builder DLTx ASA (OSX:DLTX) at an enterprise value of $163.3 million, or 85x its 2021 revenue. ...READ MORE

eCombustible Terminates Deal with Benessere (BENE)

Oct 17, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Benessere (NYSE:BENE) announced in an 8-K this morning that its merger target eCombustible has terminated the pair’s combination agreement.

This comes as Benessere has just a few weeks until its November 7, 2022 transaction deadline and it has seen 39.8% of shares redeemed through two previous extensions. ...READ MORE

SPAC IPO Terms Tracker: Three IPOs This Past Week

Oct 15, 2022 INTEL by sam.beattie

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H.I.G. Acquisition Corp. (HIGA) to Liquidate Trust

Oct 14, 2022 Headline Post, INTEL by Marlena Haddad

H.I.G. Acquisition Corp. (NYSE: HIGA) announced this afternoon that its board of directors has decided to redeem all of its outstanding shares.

The SPAC, which had a transaction deadline of October 23, was unable to complete a business combination and will now liquidate its trust, effective as of October 24. ...READ MORE

The Latest SPAC News and Rumors: October 14, 2022

Oct 14, 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: PlayStudios to acquire Branium for $70M, Aspiration CEO Cheren steps down as SPAC merger faces delay, and Southland awarded $243M contract

PlayStudios to acquire casual game developer Branium for at least $70M

Through the deal, PlayStudios (NASDAQ:MYPS) will add a number of popular casual games such as solitaire, sudoku and mahjong to its portfolio. ...READ MORE

HH&L Acquisition Corp. (HHLA) to Combine with DiaCarta in $460M Deal

Oct 14, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Hudson Acquisition I Corp. (HUDAU) Prices $60M IPO

Oct 14, 2022 IPOs by Marlena Haddad

Hudson Acquisition I Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HUDAU” Friday, October 14, 2022.

The new SPAC intends to identify a well-established target focused on fintech, consumer, medical, or advanced mobility technology. ...READ MORE

SportsTek Acquisition Corp. (SPTK) Signs LOI with Metavisio

Oct 14, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

SportsTek Acquisition Corp. (NASDAQ:SPTK) announced this morning that it has entered into a non-binding letter-of-intent to combine with a computer-maker Metavisio (PA:ALTHO) at an enterprise value of $140 million to $160 million. ...READ MORE

Where Are They Now? – OneSpaWorld

Oct 14, 2022 INTEL by Nicholas Alan Clayton

In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributors Anthony Sozzi and Sam Beattie. ...READ MORE

TenX Keane Acquisition (TENKU) Prices $60M IPO

Oct 13, 2022 IPOs by Marlena Haddad

TenX Keane Acquisition priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TENKU” Friday, October 14, 2022.

The new SPAC intends to pursue a broad range of opportunities that have a strong and experienced management team. ...READ MORE

OceanTech Acquisitions I Corp. (OTEC) Terminates Captura Biopharma Deal

Oct 13, 2022 INTEL by Marlena Haddad

OceanTech Acquisitions I Corp. (NASDAQ:OTEC) announced this morning that it has mutually terminated its combination with drug developer Captura Biopharma.

The parties did not disclose any further details on the termination of the $224 million deal, which was originally announced just two months ago in August, but it is likely that current public market conditions played a role. ...READ MORE

Pine Island Acquisition Corp. (PIPP) to Liquidate Trust

Oct 13, 2022 INTEL by Marlena Haddad

Pine Island Acquisition Corp.(NYSE:PIPP) announced this afternoon that it intends to dissolve and liquidate its trust due to its inability to complete a business combination, effective as of the close of business on October 28. ...READ MORE

Hunt Companies Acquisition Corp. I (HTAQ) to Liquidate Trust

Oct 13, 2022 INTEL by Marlena Haddad

Hunt Companies Acquisition Corp. I (NYSE:HTAQ) announced this afternoon that due to its inability to complete a business combination, it intends to dissolve and liquidate its trust.

The last day that HTAQ’s securities will trade on the NYSE will be October 31. ...READ MORE

Good Works II (GWII) to Combine with Direct Biologics in $723M Deal

Oct 13, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Gladstone Acquisition Corp. (CLEE) Sponsor Sells Entire Interest to DarkPulse, Inc.

Oct 13, 2022 INTEL by sam.beattie

Gladstone Acquisition Corp. (NASDAQ: GLEE) has sold all of its sponsor economics to DarkPulse, Inc., which includes 2,623,120 shares of Class B Common Stock and 4,298,496 warrants each of which is exercisable to purchase one share of Class A Common Stock from the original sponsor, for $1,500,000. ...READ MORE

The Latest SPAC News and Rumors: October 13, 2022

Oct 13, 2022 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: Dish in talks to merge Boost mobile-phone business with Conx Corp.,

Innovative International Corporation (IOAC) to Combine with Zoomcar in $456M Deal

Oct 13, 2022 Deal Announcements & Amendments, Headline Post by Marlena Haddad

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Clean Earth Acquisitions Corp. (CLIN) to Combine with Alternus Energy in $992M Deal

Oct 13, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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