Adit EdTech (ADEX) Amends Griid Deal
Adit EdTech (NYSE:ADEX) announced this afternoon that it has made a handful of changes to its business combination agreement in connection to its proposed merger with bitcoin self-mining company Griid Infrastructure. ...READ MORE
Technology & Telecommunication Acquisition Corp.(TETE) to Combine with Super Apps
Tech & Telecommunications Acquisition Corp. (NASDAQ:TETE) has entered into a definitive agreement to combine with fintech Super Apps at a valuation of $1.1 billion.
Kuala Lumpur, Malaysia-based Super App has agreed to acquire a 60% stake in OneShop Retail from MobilityOne (LSE:MBO.UK) ...READ MORE
The Latest SPAC News and Rumors: October 19, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Kazuo Okada vows to keep up Philippine casino fight following arrest, and Sonder president, CFO to step down
Kazuo Okada vows to keep up Philippine casino fight after arrest
Gaming tycoon Kazuo Okada has vowed to fight for his interests in the multibillion-dollar Philippine casino that bears his name after his arrest in Manila this week opened a new chapter in the drawn-out dispute over the company. ...READ MORE
Innovative International (IOAC) Secures $10M for Zoomcar Deal
Innovative International (NASDAQ:IOAC) disclosed this morning that it has already secured a $10 million convertible promissory note just a week after announcing its combination with car sharing program Zoomcar.
The new capital comes from Ananda Small Business Trust, a Nevada Trust and an affiliate of Innovative’s Sponsor, and will be in exchange for a convertible promissory note issued by Zoomcar. ...READ MORE
LMF Acquisition Opportunities, Inc. (LMAO) Shareholders Approve SeaStar Medical Deal
LMF (NASDAQ:LMAO) announced in a press release this afternoon that its shareholders have approved its combination with clinical biotech firm SeaStar Medical at a special meeting held earlier today.
Holders of approximately 79% of LMAO’s issued and outstanding shares cast votes at today’s meeting. ...READ MORE
ION Acquisition Corp. 3 Ltd (IACC) Files to Liquidate Early by Vote
ION Acquisition Corp. 3 Ltd (NYSE: IACC) filed a proxy this afternoon to seek shareholder approval to liquidate early.
The SPAC’s board has determined that it is very unlikely that ION will be able to complete a business combination before its completion deadline of May 4, 2023. ...READ MORE
The Latest SPAC News and Rumors: October 18, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC tumbles after Kanye says he wants Trump to join Parler, Mill Creek Entertainment announces licensing deal with The Nacelle Company, and f’real partners with Footprint
Kanye Says He Wants Trump to Join Parler —Sending Trump’s Truth Social SPAC Tumbling
Controversial rapper Kanye West, the prospective new owner of right-wing social media platform Parler, vowed Monday to break bread with Donald Trump by inviting the fellow billionaire onto his site, while shares of the company aiming to take Trump’s competing Truth Social app public cratered.
PWP Forward Acquisition Corp. I (FRW) Files to Liquidate Early by Vote
PWP Forward Acquisition Corp. I (NASDAQ: FRW) filed a proxy this afternoon to seek shareholder approval to liquidate early.
PWP Forward’s current completion deadline isn’t until March 12, 2023, but today’s filing is asking shareholders to approve an amendment that would allow the company to redeem all of its outstanding public shares and liquidate before December 31, 2022. ...READ MORE
Sanaby Health Acquisition Corp. I (SANB) to Liquidate Trust
Sanaby Health Acquisition Corp. I (NASDAQ: SANB) announced this afternoon that due to its inability to complete a business combination, it intends to dissolve and liquidate its trust, effective as of the close of business on October 19. ...READ MORE
Archaea Energy (LFG) to Be Acquired for $26 per Share
Archaea Energy, which combined with Rice Acquisition Corp. in September 2021, announced that it has agreed to be acquired by BP (NYSE:BP) for $26 per share.
The price is a 38% premium to Archaea’s 30-day VWAP and represents a major victory for a de-SPAC at time when the market has been rather short on good SPAC news. ...READ MORE
LMF Acquisition Opportunities, Inc. (LMAO) Adds Purchase Agreement to SeaStar Deal
LMF (NASDAQ:LMAO) announced this afternoon that it has entered into a prepaid forward agreement with Vellar Opportunity Fund a day before its vote to seek shareholder approval for its combination with clinical biotech firm SeaStar Medical. ...READ MORE
The Latest SPAC News and Rumors: October 17, 2022
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
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
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)
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