OceanTech I (NASDAQ:OTEC) has postponed an extension vote scheduled for later today after receiving high redemption notices.
Shareholders requested to redeem a total of 9,449,599 shares, representing 91.5% of its shares outstanding. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Texas-based fintech firm GloriFi is shutting down and laid off most of its employees, the Wall Street Journal reported on Monday, citing people familiar with the matter. ...READ MORE
DHC Acquisition Corp (NASDAQ:DHCA) announced this morning that the leadership of its target company GloriFi have begun the process of winding down its operations.
The filing did not specify whether DHC was terminating its combination agreement, but this will presumably be void once the company no longer exists. ...READ MORE
Highland Transcend I (NASDAQ:HTPA) announced this morning that it will redeem all public shares effective December 8 as it will not complete a business combination.
Shareholders are expected to receive a redemption rate of $10.06 per share and Highland Transcend I is to cease all operations other than its winding down efforts on December 7. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
ACE Convergence (NASDAQ:ACEV) announced this afternoon that it has secured a committed equity facility of up to $100 million with White Lion Capital.
Under the terms of the facility, White Lion Capital has committed to purchase up to an aggregate of $100 million in the post-closing combined company’s common shares from time to time after the completion of the business combination between electronics manufacturer Tempo Automation and ACE at the request of the post-closing combined company. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Industrial Tech II (NASDAQ:ITAQ) has entered into a definitive agreement to combine with renewable energy producer NEXT Renewable Fuels, Inc. (“NEXT, “NXT” or the “Company”) at an enterprise value of $530 million, or 0.9x its 2025E EBITDA. ...READ MORE
PropTech Investment II (NASDAQ:PTIC) announced this morning that it has entered into a forward purchase agreement (FPA) for an OTC Equity Prepaid Forward Transaction with Vellar Opportunity Fund for its recently approved combination with rental marketplace Appreciate. ...READ MORE
INSU Acquisition Corp. III (NASDAQ:IIII) announced this afternoon that it will liquidate its trust due to its inability to complete a business combination.
As of the close of business on December 22, ISNU’s public shares will be deemed cancelled and will represent only the right to receive the redemption amount of approximately $10.09. ...READ MORE
FinTech Acquisition Corp. V (NASDAQ:FTCV) and FinTech Acquisition Corp. VI (NASDAQ:FTVI) both announced this afternoon that they will be liquidating their trusts due to the inability to complete a business combination.
FTCV expects to dissolve and liquidate its trust effective as of the close of business on December 9, and will redeem all of the outstanding shares at a per-share redemption price of approximately $10.08. ...READ MORE
Jiya Acquisition Corp. (NASDAQ:JYAC) announced this afternoon that it will liquidate its trust due to its inability to complete a business combination.
The SPAC expects its shares to stop trading as of the close of business on November 23. ...READ MORE
Population Health Investment Co., Inc. (NASDAQ:PHIC) announced this afternoon that it will liquidate its trust and be redeeming all shares effective as of November 30.
As such, the SPAC’s shares will stop trading as of the close of business on November 29. ...READ MORE
PropTech Investment II (NASDAQ:PTIC) announced this afternoon that its shareholders have approved its business combination with rental marketplace Appreciate during a special meeting held earlier today.
The SPAC did not disclose redemption amounts, but shares of PTIC traded above its trust value of $10 throughout its redemption deadline November 16. ...READ MORE
