DTRT Health Acquisition Corp. (DTRT) to Combine with Consumer Direct Holdings
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Northern Lights (NLIT) Completes Safe Harbor Deal
SHF Holdings, Inc (Nasdaq: SHFS), formerly known as Northern Lights Acquisition Corp. (Nasdaq: NLIT), announced in a press release this morning that it has finally completed its combination with cannabis finance provider Safe Harbor. ...READ MORE
Brilliant Acquisition Corporation (BRLI) Boosts Bonus Pool for Non-Redeemers
Brilliant (NASDAQ:BRLI) announced that it has effectively doubled the size of its pool of shares to be distributed to shareholders at the close of its combination with crypto payments firm Nukkleus. ...READ MORE
Silver Crest (SLCR) Completes Tims China Combination
Silver Crest (NASDAQ:SLCR) announced that it has closed its transaction with coffee shop chain Tims China after an extended process.
The SPAC originally held its completion vote on August 19, but opted to give shareholders additional time to reconsider after they initially opted to redeem 99% of shares. ...READ MORE
Atlantic Avenue (ASAQ) Adjourns Extension Vote
Atlantic Avenue (NYSE:ASAQ) announced this afternoon that it intends to adjourn its special meeting on September 29 to October 4.
The special meeting was being held to consider the proposal of amending and extending ASAQ’s transaction deadline by which it must complete its initial business combination. ...READ MORE
Billtrust (BTRS) to Be Acquired by EQT Private Equity at $9.50 Per Share
Billtrust (NASDAQ:BTRS), which combined with South Mountain in January 2021, announced this morning that it has agreed to be acquired by private equity fund EQT in an all-cash deal for $9.50 per share. ...READ MORE
The Latest SPAC News and Rumors: September 28, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Cineplex asks Cineworld lenders to consider merger, German government aims to improve framework for SPACs, and Jupiter Wellness announces notice of allowance for Minoxidil Adjuvant Therapies patent
Cineplex Asks Cineworld Lenders to Consider US Merger, WSJ Says
Canadian theater chain Cineplex Inc. ...READ MORE
Larkspur Health (LSPR) Secures $10M for ZyVersa Deal
Larkspur Health (NASDAQ:LSPR) announced this afternoon that it has secured commitments of $10 million for its proposed merger with specialty biopharmaceutical company ZyVersa.
Of that $10 million, $8.5 million will be a PIPE investment in the form of contingent financing that will provide for the purchase of Convertible Preferred Stock of LSPR. Larkspur ...READ MORE
The Latest SPAC News and Rumors: September 27, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bitdeer debuts fund targeting distressed miners, Harley-Davidson EV unit LiveWire’s shares rise 24%
Crypto Tycoon’s Bitdeer Debuts Fund Targeting Distressed Miners
Chinese crypto billionaire Jihan Wu is setting up a $250 million fund to buy distressed assets from Bitcoin miners, as the industry reels from this year’s steep drop in digital-asset prices. ...READ MORE
Good Works II Acquisition Corp. (GWII) Signs LOI for $675 Million
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Malacca Straits Acquisition Company (MLAC) to Combine with Indiev in $600M Deal
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VY Global Growth (VYGG) to Liquidate Trust
VY Global Growth (NYSE:VYGG) announced in an 8-K this afternoon that it intends to liquidate its trust after being unable to identify and combine with a target that meets its investment criteria. ...READ MORE
KINS Technology Group (KINZ) to Combine with Inpixon in $69M Deal
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The Latest SPAC News and Rumors: September 26, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Law professor takes deal sponsor to court, and CEO of Wisk Aero predicts electric air taxi shakeout
Enemy of the SPAC: Law Professor Takes Deal Sponsors to Court
Stanford Law Professor Michael Klausner toiled in academic obscurity for decades until 2020, when he wrote a paper slamming special purpose acquisition companies as a rip-off of everyday investors. ...READ MORE
GX Acquisition Corp. II (GXII) to Combine with NioCorp in $313.5M Deal
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Decarbonization Plus IV (DCRD) to Combine with Hammerhead Resources in $1Bn Deal
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Cohn Robbins Holdings (CRHC) Terminates Allwyn Deal
Cohn Robbins (NYSE:CRHC) announced over the weekend that it has jointly terminated its $9.3 billion combination with lottery operator Allwyn.
The move comes at the very end of the process for Cohn, whose shareholders approved the transaction on September 7. ...READ MORE
Silver Spike II (SPKB) to Receive Shares from Terminated Eleusis Deal
Silver Spike Acquisition Corp. II (NASDAQ:SPKB) announced in an 8-K filing this morning that it would be receiving shares as compensation for the termination of its merger agreement with biopharmaceutical firm Eleusis. ...READ MORE
SPAC IPO Terms Tracker: Approaching Q4 2022
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Digital World (DWAC) Loses $138.5M of PIPE Investors
Digital World (NASDAQ:DWAC) revealed in an 8-K filed this afternoon that $138.5 million worth of investors in their $1 billion PIPE have opted to not participate going forward.
The original $1 billion convertible preferred had an Outside Date of September 20, 2022, at which time any of the PIPE investors could terminate their respective subscription agreements. ...READ MORE