SPAC IPO Terms Tracker: Three IPOs This Past Week
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H.I.G. Acquisition Corp. (HIGA) to Liquidate Trust
H.I.G. Acquisition Corp. (NYSE: HIGA) announced this afternoon that its board of directors has decided to redeem all of its outstanding shares.
The SPAC, which had a transaction deadline of October 23, was unable to complete a business combination and will now liquidate its trust, effective as of October 24. ...READ MORE
The Latest SPAC News and Rumors: October 14, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: PlayStudios to acquire Branium for $70M, Aspiration CEO Cheren steps down as SPAC merger faces delay, and Southland awarded $243M contract
PlayStudios to acquire casual game developer Branium for at least $70M
Through the deal, PlayStudios (NASDAQ:MYPS) will add a number of popular casual games such as solitaire, sudoku and mahjong to its portfolio. ...READ MORE
Hudson Acquisition I Corp. (HUDAU) Prices $60M IPO
Hudson Acquisition I Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HUDAU” Friday, October 14, 2022.
The new SPAC intends to identify a well-established target focused on fintech, consumer, medical, or advanced mobility technology. ...READ MORE
SportsTek Acquisition Corp. (SPTK) Signs LOI with Metavisio
SportsTek Acquisition Corp. (NASDAQ:SPTK) announced this morning that it has entered into a non-binding letter-of-intent to combine with a computer-maker Metavisio (PA:ALTHO) at an enterprise value of $140 million to $160 million. ...READ MORE
Where Are They Now? – OneSpaWorld
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
TenX Keane Acquisition (TENKU) Prices $60M IPO
TenX Keane Acquisition priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TENKU” Friday, October 14, 2022.
The new SPAC intends to pursue a broad range of opportunities that have a strong and experienced management team. ...READ MORE
OceanTech Acquisitions I Corp. (OTEC) Terminates Captura Biopharma Deal
OceanTech Acquisitions I Corp. (NASDAQ:OTEC) announced this morning that it has mutually terminated its combination with drug developer Captura Biopharma.
The parties did not disclose any further details on the termination of the $224 million deal, which was originally announced just two months ago in August, but it is likely that current public market conditions played a role. ...READ MORE
Pine Island Acquisition Corp. (PIPP) to Liquidate Trust
Pine Island Acquisition Corp.(NYSE:PIPP) announced this afternoon that it intends to dissolve and liquidate its trust due to its inability to complete a business combination, effective as of the close of business on October 28. ...READ MORE
Hunt Companies Acquisition Corp. I (HTAQ) to Liquidate Trust
Hunt Companies Acquisition Corp. I (NYSE:HTAQ) announced this afternoon that due to its inability to complete a business combination, it intends to dissolve and liquidate its trust.
The last day that HTAQ’s securities will trade on the NYSE will be October 31. ...READ MORE
Gladstone Acquisition Corp. (CLEE) Sponsor Sells Entire Interest to DarkPulse, Inc.
Gladstone Acquisition Corp. (NASDAQ: GLEE) has sold all of its sponsor economics to DarkPulse, Inc., which includes 2,623,120 shares of Class B Common Stock and 4,298,496 warrants each of which is exercisable to purchase one share of Class A Common Stock from the original sponsor, for $1,500,000. ...READ MORE
The Latest SPAC News and Rumors: October 13, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Dish in talks to merge Boost mobile-phone business with Conx Corp.,
...READ MORE
Spring Valley II (SVIIU) Prices $200M IPO
Spring Valley Acquisition Corp. II priced its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SVIIU” Thursday, October 13, 2022.
The new SPAC intends to identify sustainable businesses positioned to benefit from macroeconomic and social trends impacting the economy. ...READ MORE
Future Health ESG Corp. (FHLT) Mutually Terminates PIPE and FPA
Future Health (NASDAQ:FHLT) disclosed in an 8-K this afternoon that it has mutually terminated its PIPE and forward purchase agreement (“FPA”) in connection with its business combination with medical technology company Excelera Health. ...READ MORE
The Latest SPAC News and Rumors: October 12, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Delta invests $60M in Joby, Lavoro agrees to acquire NS Agro in expansion throughout Latin America, and Falcon’s Beyond announces details on new theme park
Delta invests $60M in air taxi company Joby Aviation
Delta Air Lines has made an upfront equity investment of $60 million in Santa Cruz, Calif.-based ...READ MORE
Podcast: Gorilla Technology’s Jay Chandan & Raj Natarajan Discuss Edge Computing
This week we speak with Jay Chandan, Chairman and CEO of Gorilla Technology, and Raj Natarajan, its Chief Innovation Officer.
Gorilla closed a $720 million combination with Global SPAC Partners in July and has since been a bright spot among recent de-SPACs, consistently trading in the $11 to $12 range. ...READ MORE