Freedom Acquisition 1 Corp. (FACT) to Combine with Complete Solaria in $553M Deal
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The Latest SPAC News and Rumors: October 3, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: LiveWire climbs in volatile trading and Rocket Lab to fire up first tests of new engine next year
Harley-Davidson’s E-Bike Spinoff Climbs in Volatile Trading
LiveWire Group Inc. (NYSE:LVWR) ...READ MORE
TradeUP (UPTD) to Combine with Estrella Biopharma in $398M Deal
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LanzaTech Secures $500M Partnership for AMCI II (AMCI) Deal
AMCI II (NASDAQ:AMCI) target LanzaTech, an innovative Carbon Capture and Transformation (“CCT”) company, announced this morning that it has secured a $500 million partnership for its proposed business combination.
The sustainable materials-maker will partner with Brookfield Renewable, and its institutional partners, to co-develop and build new commercial-scale production plants that will utilize LanzaTech’s CCT technology. ...READ MORE
GigCapital5 (GIA) Signs Term Sheet with QT Imaging
GigCapital5 (NYSE:GIA) announced this morning that it has signed a non-binding, exclusive term sheet to combine with medical imaging company QT Imaging.
Details on the transaction remain limited, but the parties intend to complete the proposed business combination in the first half of 2023. ...READ MORE
Athena Consumer Acquisition Corp. (ACAQ) Adds $15M to e.GO Deal
Athena Consumer (NYSE:ACAQ) announced in an 8-K this morning that it has added $15 million in bridge financing to its combination with EV-maker e.GO.
Brucke Funding has provided the funding which is drawable in three tranches maturing at the earlier of the deal’s close or nine months out from the first borrowing. ...READ MORE
Third Quarter of 2022 SPAC Review
An In-Depth Look at SPAC Activity Throughout the Third Quarter and Year-to-Date
Below is a summary of SPAC performance in 2022 year-to-date.
Now that the third quarter of 2022 has come to a close, we take a look back at year-to-date activity. ...READ MORE
SPAC IPO Terms Tracker: Wrapping Up Q3
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The Latest SPAC News and Rumors: September 30, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Billtrust surges on go-private deal, and Robinhood trader ‘deceived’ by Nikola founder snubs SEC filings
FinTech IPO Index Flat as Billtrust Surges on Go-Private Deal
Tech stocks have had a reckoning in the past several days — a rally proved short lived, a blip. ...READ MORE
Magnum Opus (OPA) to Combine with Asia Innovations
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Summit Healthcare Acquisition Corp. (SMIH) to Combine with YS Biopharma in $1Bn Deal
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Deep Medicine (DMAQ) Terminates Chijet Motor Company Deal
Deep Medicine (NASDAQ:DMAQ) announced this morning that it has terminated its $2.5 billion combination with Chinese carmaker Chijet.
Deep Medicine’s move comes after it made two amendments to the deal to extend the due diligence period. ...READ MORE
Top 3 SPAC Targets – Beauty and Personal Care
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among beauty and personal care companies with financial profiles to lure the market. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
dMY Squared Technology Group, Inc. (DMYY.U) Prices Downsized $60M IPO
dMY Squared Technology Group, Inc. priced its downsized $60 million IPO and its units are expected to begin trading on the NYSE under the symbol “DMYY.U” Friday, September 30, 2022.
The new SPAC intends to focus its efforts on companies within the professional service industry that provide accounting, legal, financial, advisory or other services to public companies or private companies that are in the process of becoming public companies with enterprise valuations in the range of $500 million to $2 billion. ...READ MORE
Qomolangma Acquisition Corp. (QOMOU) Prices $50M IPO
Qomolangma Acquisition Corp. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “QOMOU” Friday, September 30, 2022.
The new SPAC intends to focus its efforts on technology companies operating in Asian markets that have a total enterprise value between $300 million and $500 million. ...READ MORE
Chardan NextTech 2 (CNTQ) Secures $75M Loan for Dragonfly Deal
Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ) announced this afternoon that it has secured a $75 million loan for its combination with energy storage firm Dragonfly Energy.
The parties entered into a debt commitment letter with CCM Investments 5 LLC, an affiliate of Chardan Capital Markets, and EICF Agent LLC, for a $75 million senior secured term loan facility concurrently with the closing under the business combination agreement. ...READ MORE
Liberty Media Acquisition Corp. (LMAC) Files to Liquidate Early by Vote
Liberty Media Acquisition Corp. (Nasdaq: LMAC) filed a proxy this afternoon for a shareholder vote to liquidate early. Liberty Media’s current completion deadline is January 26, 2023, but today’s filing is asking shareholders to approve an amendment that would allow the Board to change the date to no later than December 30, 2022. ...READ MORE
East Stone (ESCC) Secures $200M PIPE, Terminates $400M
East Stone Acquisition Corp. (NASDAQ:ESCC) announced this afternoon that it has once again secured another $200 million PIPE commitment for its business combination with EV-maker ICONIQ.
This marks ESCC’s fourth PIPE round. ...READ MORE
The Latest SPAC News and Rumors: September 29, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Polestar teases new details about electric SUV, Gogoro secures $345M loan, and Jupiter Wellness announces application for dual listing on Upstream
Polestar teases new details about its electric SUV ahead of October 12th launch
The Polestar 3, the aptly named third vehicle from the Swedish EV company, will be officially unveiled October 12th at an event in Copenhagen, the company announced. ...READ MORE