The Latest Liquidations: December 8, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Parsec Capital (PCX) “Maybe” Begins Liquidation Process
Parsec Capital (NASDAQ:PCX) announced in an 8-K this morning that it has begun the process of liquidating its trust account, but the filing also curiously notes that the team is trying to carry on with its announced combination with Enteractive Media. ...READ MORE
The Latest SPAC News and Rumors: December 8, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Palihapitiya blames Fed for crushing the blank-check bubble, and Hong Kong is set to regain top-three IPO ranking in 2022
SPAC king Chamath Palihapitiya says the Fed crushed the bubble in blank-check firms
The Fed crushed the bubble in special purpose acquisition companies, Chamath Palihapitiya said, deflecting blame for the poor performance of companies he took public in recent years. ...READ MORE
The Latest Liquidations: December 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Mission Advancement Acquisition Corp., and Clarim Acquisition Corp.
Mission Advancement Acquisition Corp.
...READ MORE
BYTE Acquisition Corp. (BYTS) Postpones Extension Vote
BYTE Acquisition Corp. (NYSE:BYTS) announced this afternoon that its special meeting to extend its deadline, originally scheduled for Tuesday, December 20, 2022, has been postponed.
The SPAC has not yet disclosed the new date for the meeting, but it is expected to be announced at a later date. ...READ MORE
D and Z Media Acquisition Corp. (DNZ) Adjourns Extension Vote
D and Z Media Acquisition Corp. (NYSE:DNZ) announced this afternoon that its special meeting, originally scheduled for 12:00 p.m. today, was convened and then adjourned, without conducting any business, to 1:30 p.m. ...READ MORE
The Latest SPAC News and Rumors: December 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Buzzfeed cuts 12% of staff, and ASIG plans to expand through acquisition upon completion of SPAC
BuzzFeed cuts 12% of staff citing worsening econ conditions
Digital media company BuzzFeed (NASDAQ:BZFD) is cutting 12% of its workforce, citing worsening economic conditions. ...READ MORE
Podcast: Abacus Life President & CEO Jay Jackson
What is your life insurance policy worth while you’re still living? This week, we speak with Abacus Life President and CEO Jay Jackson who may just want to buy yours.
Abacus Life has made a business of buying consumer life insurance policies for upfront payments and holding them until maturity. ...READ MORE
Phoenix Biotech Acquisition Corp. (PBAX) Terminates Deal with Intrinsic Medicine
Phoenix Biotech Acquisition Corp. (NASDAQ:PBAX) announced this morning that it has mutually agreed to terminate its combination with therapeutics company Intrinsic Medicine.
Similar to other SPACs, Phoenix Biotech disclosed that the two parties have decided to nix the deal due to the result of weakened markets. ...READ MORE
The Latest Liquidations: December 6, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Broadscale, Revolution Healthcare, Research Alliance II, and Kairos
Broadscale Acquisition Corp.
...READ MORE
The Latest SPAC News and Rumors: December 6, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Portugal real estate developer Vic Properties in merger talks with BurTech
Caner-Led Aggregate Is Said to Discuss Vic Properties SPAC Deal
Aggregate Holdings SA is in talks to take its Portuguese unit Vic Properties public in a merger with BurTech Acquisition Corp.(NASDAQ:BRKH), ...READ MORE
Ares Acquisition Corporation (AAC) to Combine with X-energy in $2.2Bn Deal
Ares Acquisition Corporation (NYSE:AAC) has entered into a definitive agreement to combine with nuclear power company X-energy at an enterprise value of $2.2 billion.
Rockville, Maryland-based X-energy has developed small modular nuclear reactor technology designed to provide nuclear plants for projects ranging from individual industrial sites to regional utilities. ...READ MORE
Senior Connect Acquisition Corp. I (SNRH) Signs LOI with Avellino Lab
Senior Connect Acquisition Corp. I (NASDAQ:SNRH) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with precision medicine company Avellino Lab USA, Inc.
Under the terms of the LOI, the parties would become a combined entity, with Avellino’s existing equityholders exchanging their shares in Avellino for equity in the combined company. ...READ MORE