Athlon Acquisition Corp. (SWET) to Liquidate Trust
Athlon Acquisition Corp. (NASDAQ: SWET) announced in a press release this morning that due to its inability to complete a business combination, it will dissolve and liquidate its trust.
The SPAC, which originally had a completion deadline of January 14, will now redeem all of the outstanding shares of Class A common stock that were included in the units issued in its IPO at an estimated per-share redemption price of $10.06. ...READ MORE
The Latest SPAC News and Rumors: November 8, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Southland awarded $596M contract, Foxconn invests another $170M into Lordstown Motors, and study shows SPAC, acquisitions and organizational structure changes increased audit fees
Southland Awarded $596 Million SR 23 Bridge Project over St.
...READ MORE
NorthView Acquisition Corp. (NVAC) to Combine with Profusa in $416M Deal
NorthView Acquisition Corp. (NASDAQ:NVAC) has entered into a definitive agreement to combine with digital health company Profusa at a pro forma equity valuation of $416 million.
Emeryville, California-based Profusa has developed a wearable medical device that can track oxygen and glucose levels with the potential to monitor a wider range of ailments. ...READ MORE
East Stone Acquisition Corp. (ESSC) Adjourns Vote for ICONIQ Deal
East Stone (NASDAQ:ESSC) announced this morning that yesterday’s special meeting to approve its combination with EV-maker ICONIQ has been adjourned to today, November 8, at 3:00 p.m.
The SPAC did not disclose why the meeting was adjourned, but as of the redemption deadline on November 3, East Stone had received requests to redeem a total of 3,111,717 ordinary shares. ...READ MORE
The Latest SPAC News and Rumors: November 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ouster and Velodyne agree to merger, DWAC gains as investors leap at presidential bid, and Polestar gets $1.6B boost from Volvo
Ouster and Velodyne agree to merger, signaling consolidation in lidar industry
Ouster (NYSE:OUST) and Velodyne (NASDAQ:VLDR), two lidar companies, have agreed to a merger in an all-stock transaction, the companies said Monday. ...READ MORE
SPAC IPO Terms Tracker: New Month, Two New SPACs
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10X Capital Venture II (VCXA) Secures Backstop for African Agriculture Deal
10x Capital Venture II (NASDAQ:VCXA) announced this afternoon that it has secured investors for a backstop non-redemption agreement in connection to its proposed merger with alfalfa farmer African Agriculture just a day after their deal announcement. ...READ MORE
The Latest SPAC News and Rumors: November 4, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Helios in talks to merge with Onyx, Alec Gores plans to shut down trio of SPACs early, and Nikola says electric-truck deliveries to fall short of plans
Citadel Alum’s SPAC Is in Talks to Merge With Helios Assets
Africa-focused private equity firm Helios Investment Partners is in talks to merge two of its portfolio companies with blank-check firm Onyx Acquisition Co. ...READ MORE
Where Are They Now? – DraftKings
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributors Anthony Sozzi and Sam Beattie. ...READ MORE
Digital World (DWAC) Adjourns Extension Vote Sixth Time to November 22
Digital World (NASDAQ:DWAC) has postponed its shareholder vote to extend its transaction deadline for a sixth time, this time to November 22.
Although the SPAC has not yet formally announced the move, Bloomberg reported that it was explained during Digital World’s special meeting earlier this morning. ...READ MORE
Flame Acquisition Corp. (FLME) to Combine with Sable Offshore in $883M Deal
Flame Acquisition Corp. (NYSE:FLME) has entered into a definitive agreement to combine with energy company Sable Offshore at an enterprise value of $883 million.
Sable Offshore is set to purchase the Santa Ynez Unit (SYU) offshore oil field and its associated onshore facilities off the coast of California. ...READ MORE
The Latest SPAC News and Rumors: November 3, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC delays meeting, Opendoor Technologies lays off 18% of workforce, and Bakkt to acquire Apex Crypto
Trump Media-Tied SPAC Still Can’t Get the Votes, Delays Meeting
The SPAC taking Donald Trump’s media venture public is running into a roadblock: Its own investors. ...READ MORE
Model Performance (MPAC) Adds $12M PIPE to MultiMetaVerse Deal
Model Performance (NASDAQ:MPAC) announced this morning that it has added a $12 million PIPE to its combination with MultiMetaVerse, bringing the total PIPE to $22 million.
The recent subscription agreement comes from Prominence Investment Management Ltd pursuant to which the investor has agreed to purchase an aggregate of 1,200,000 Class A Ordinary Shares of MPAC at a price per share of $10. ...READ MORE
Maquia Capital (MAQC) Adjourns Extension Vote
Maquia Capital (NASDAQ:MAQC) announced this afternoon that it intends to adjourn its special meeting today, November 3, to Friday, November 4.
The special meeting was being held to consider the proposal of amending and extending MAQC’s transaction deadline by which it must complete its initial business combination. ...READ MORE
New SPAC: Iron Horse Acquisitions Corp. Files for $100M IPO
Following almost a month without any new S-1 registration statements, Iron Horse Acquisitions Corp. (NYSE:IRON) filed its S-1 yesterday afternoon for a $100 million IPO as the first SPAC to file for an IPO in November thus far. ...READ MORE
The Latest SPAC News and Rumors: November 2, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bitcoin Depot announces acquisition of majority interest in Bitaccess, Lockheed Martin increases its bet on Terran Orbital with $100M investment, and ProSomnus announces FDA clearance
Bitcoin Depot Announces Acquisition of Majority Interest in Bitaccess, a Leading Bitcoin ATM Software Provider
Lux Vending, LLC dba Bitcoin Depot, a U.S.-based ...READ MORE