The Latest SPAC News and Rumors: January 11, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Onyx Acquisition Co. I (ONYX) Postpones Extension Vote
Onyx Acquisition Co. I (NASDAQ:ONYX) announced this afternoon that it has postponed its special meeting to extend its transaction deadline.
The meeting, which was originally scheduled for 9:30 a.m. ET on January 12, will now take place at 9:30 a.m. ...READ MORE
Mercato Partners Acquisition Corp. (MPRA) Signs LOI with Nuvini
Mercato Partners Acquisition Corp. (NASDAQ: MPRA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with Nuvini S.A.
São Paulo, Brazil-based Nuvini acquires and manages a portfolio of high growth software-as-a-service companies. ...READ MORE
Berenson Acquisition Corp. I (BACA) Adjourns Extension Vote
Berenson Acquisition Corporation I (NYSE:BACA) announced this afternoon that it adjourned today’s special meeting to extend its transaction deadline to 12 p.m. ET on February 7.
The SPAC currently has a completion deadline of March 30, but is seeking shareholder approval to extend it to September 30. ...READ MORE
The Latest SPAC News and Rumors: January 10, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ex-banker eyes M&A after SPAC deal forges $60B wealth firm, Virgin Orbit stock plunges as UK launch fails, and Palihapitiya says Musk will take SpaceX’s Starlink public in 2023
Ex-Banker Eyes M&A After SPAC Deal Forges $60 Billion Wealth Firm
Michael Tiedemann turned his back on a Wall Street banking career two decades ago to build a wealth-management firm targeting the world’s super-rich. ...READ MORE
RMG Acquisition Corporation III (RMGC) Adjourns Extension Vote
RMG Acquisition Corporation III (NASDAQ:RMGC) announced this morning that it adjourned its special meeting to extend its transaction deadline to 10 am ET January 11.
The SPAC’s record date remains November 22 and the ballot is to be the same, but the move may give investors more time to consider the the LOI that RMG III announced with hydrogen technology company H2B2 four days ago. ...READ MORE
Priveterra Acquisition Corp. (PMGM) Secures $20M Commitment for AEON Biopharma Deal
Priveterra Acquisition Corp. (NASDAQ:PMGM) and its biopharmaceutical target, AEON Biopharma, announced this morning that they have secured an additional $20 million in commitments from existing investors in connection to its business combination.
The SPAC brought about $276 million into the deal through its current trust but aside from today’s funding, it has not yet supplemented this with other committed sources of capital. ...READ MORE
Roth CH IV’s (ROCG) Tigo Energy Secures $50M Convertible Note
Roth CH Acquisition IV Co.’s (NASDAQ:ROCG) target company, Tigo Energy, announced this afternoon that it has signed a definitive agreement with L1 Energy for $50 million of newly issued convertible notes.
The notes will bear a fixed annual interest rate of 5% with a maturity date of 36 months and may be converted at the option of the investor into shares of Tigo common stock or an equivalent equity created as a result of the company’s merger with ROCG. ...READ MORE
The Latest SPAC News and Rumors: January 9, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Saxo Bank eyes Copenhagen listing after failed SPAC merger, and SPACs win small respite under IRS stock-buyback tax guidance
Saxo Bank eyes Copenhagen listing after failed SPAC merger
Saxo Bank could give its external investors a new chance to cash in, including via an initial public offering, as early as this year, CEO Kim Fournais told Reuters, after plans to merge with Disruptive Capital AC, a blank-check company, collapsed last month. ...READ MORE
Paya (PAYA) to Be Acquired by Nuvei for $9.75 Per Share
Paya (NASDAQ:PAYA), which completed a combination with FinTech III in October 2020, announced this morning that it has agreed to be acquired by its Canadian peer Nuvei (TSX:NVEI) in an all-cash transaction at $9.75 per share. ...READ MORE
The Latest Liquidations: January 6, 2023
Latest SPAC Liquidations: TZP Strategies, Authentic Equity, and IG Acquisition Corp
TZP Strategies Acquisition Corp. (TZPS) to Liquidate on January 23
TZP Strategies Acquisition Corp. (NASDAQ:TZPS) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on January 23, 2023. ...READ MORE
IG Acquisition Corp. (IGAC) Terminates PlayUp Deal, Will Liquidate
IG Acquisition Corp. (NASDAQ:IGAC) announced in an 8-K this afternoon that it has terminated its business combination with mobile gaming platform PlayUp and will instead liquidate its trust.
The SPAC today disclosed that it provided written notice to PlayUp that it was terminating the business combination, effective immediately. ...READ MORE
The Latest SPAC News and Rumors: January 6, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Boxed mulls potential sale, Thailand’s PTT relaunches discussions to buy ReNew Power’s solar assets, and ECARX and smart unveil immersive digital cockpit computing platform
E-tailer Boxed mulls potential sale
Strapped for financing, online bulk-products retailer Boxed Inc. ...READ MORE
Podcast: Plastiq Founder & CEO Eliot Buchanan
Small and medium-sized businesses (SMBs) are hard to market to and are routinely under-banked, so how can financial services firms reach them?
This week, we speak with Plastiq Founder and CEO Eliot Buchanan. ...READ MORE
Broad Capital Acquisition Corp (BRAC) Postpones Extension Vote to Jan. 13
Broad Capital Acquisition Corp. (NASDAQ:BRAC) announced this morning that it is bumping its shareholder vote from January 9 to 10:30 am ET, January 10.
The special meeting will seek approval for the SPAC to extend its transaction deadline from January 13 to October 13 in exchange for a $0.0625 per share monthly contribution to the trust over this period. ...READ MORE