Lakeshore Acquisition I Corp. (LAAA) Arranges Non-Redemption Agreement
Lakeshore Acquisition Corp. I (NASDAQ:LAAA) announced this morning that it has entered into a non-redemption agreement and amended its purchaser support agreement with initial shareholders in connection to its proposed merger with medical device company ProSomnus. ...READ MORE
Pacifico Acquisition Corp. (PAFO) Shareholders Approve Caravelle Deal
Pacifico Acquisition Corp. (NASDAQ:PAFO) disclosed this afternoon that its shareholders have approved its business combination with sustainable shipping company Caravelle during a special meeting held earlier today.
At today’s special meeting, 6,194,813 shares voted by proxy or in person, representing 82.65% of the total outstanding shares. ...READ MORE
Primavera Capital (PV) Investor Wants Out of FPA Ahead of Shareholder Vote
Primavera Capital (NYSE:PV) announced this afternoon that it has received letters from Sky Venture Partners, claiming that it has been relieved of its obligation under its previous forward purchase agreement (“FPA”). ...READ MORE
The Latest SPAC News and Rumors: November 30, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Lordstown Motors begins shipping Foxconn-made EV pickup trucks, AUM Biosciences receives FDA Orphan Drug Designation, and Newsight Imaging selected for FastLane commercialization program
Lordstown Motors begins shipping its Foxconn-made EV pickup trucks
Lordstown Motors (NASDAQ:RIDE) has starting shipping its all-electric Endurance pickup trucks manufactured by Foxconn, a milestone that seemed impossible earlier this year. ...READ MORE
Lakeshore Acquisition I Corp. (LAAA) Adds $8.2M to PIPE
Lakeshore Acquisition I Corp. (NASDAQ:LAAA) announced in an 8-K filing this morning that it has added $8.2 million in additional financing to its deal with medical device company ProSomnus.
The investment comes in exchange for 820,000 shares, but investors will also receive 619,932 additional shares so that they are effectively buying in at $5.69 per share. ...READ MORE
InterPrivate II Acquisition Corp. (IPVA) Arranges Non-Redemption Agreement
InterPrivate II Acquisition Corp. (NYSE:IPVA) announced this morning that it has entered into a non-redemption agreement with the Magnetar Funds in connection to its proposed merger with carsharing marketplace Getaround.
Pursuant to the agreement, each non-redeeming stockholder agreed that it will not redeem an amount of shares of Class A Common Stock up to an aggregate of 1,550,000 shares. ...READ MORE
The Latest Liquidations: November 29, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: Sandbridge X2 Corp., PWP Forward Acquisition Corp. I, Crucible Acquisition Corp.,
...READ MORE
Periphas Capital Partnering Corp. (PCPC) to Liquidate
Periphas Capital Partnering Corp. (NYSE: PCPC) announced this afternoon that it has decided to liquidate its trust instead of extending its timeline to find a business combination.
The SPAC’s Board has determined that the company will not be able to negotiate a letter of intent, agreement in principle or definitive agreement for the potential partnering transaction. ...READ MORE
Empowerment & Inclusion Capital I Corp. (EPWR) to Liquidate
Empowerment & Inclusion Capital I Corp. (NYSE: EPWR) announced this afternoon that it will liquidate its trust due to its inability to complete a business combination.
The company expects its public shares to stop trading on the NYSE as of the close of business on December 13. ...READ MORE
The Latest SPAC News and Rumors: November 29, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Faraday Future ousts its CEO and Hyzon Motors SPAC board is sued over ‘outlandish’ deal hype
EV SPAC Faraday Future ousts its CEO
Faraday Future (NASDAQ:FFIE), the troubled EV startup-turned-publicly-traded company, has shuffled its executive ranks once again. ...READ MORE
Hudson Executive Investment Corp. II (HCII) and III (HIII) to Liquidate
Hudson Executive II (NASDAQ:HCII) and Hudson Executive III (NASDAQ:HIII) announced this morning that both will liquidate as neither will consummate a business combination by their original deadline.
Both will return $10.10 per share to public investors as the anticipated redemption rate with the distribution expected to occur on December 21. ...READ MORE
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The current trends of rising interest rates and inflationary cost increases, among other things, have imposed downward pressures on publicly traded equity prices, especially for businesses that became publicly traded via a de-SPAC merger. ...READ MORE
The Latest SPAC News and Rumors: November 28, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Virgin Galactic appoints new top lawyer, Trump Media SPAC rises after investors approve merger deadline extension, and Al Maadeed to be first Qatari to list company on NYSE
Virgin Galactic, Preparing for Liftoff, Appoints New Top Lawyer
Virgin Galactic Holdings Inc. ...READ MORE
PMV Consumer (PMVC) to Liquidate Trust, But Continue Trading
PMV Consumer (OTC PINK:PMVC) announced that it is redeeming all non-insider public shares for approximately $10.09 per share, but it will not be dissolving just yet.
The SPAC is set to provide written redemption notices to each shareholder and trust proceeds are to be distributed within 30 days of these notices. ...READ MORE
The Latest SPAC News and Rumors: November 25, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ex-Marvel chief takes the wheel at Arrival, Paysafe plans reverse stock split, and Dave Inc.
...READ MORE
Digital World (DWAC) Secures Extension to September 2023
Digital World (NASDAQ:DWAC) announced late Wednesday that its shareholders have approved amending its charter to allow for automatic three-month extensions of its transaction deadline until September 8, 2023.
This brings to close a long drama during which Digital World adjourned the vote without concluding business six times at different meetings in September, October and November. ...READ MORE