The Latest SPAC News and Rumors: December 20, 2022

Dec 20, 2022 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: EQT Private Equity completes acquisition of Billtrust, Truth Social introduces direct messaging to platform, and Florida Office of Insurance Regulation approves East Resources business combination with Abacus Life

EQT Private Equity completes acquisition of Billtrust in $1.7B deal

Global investment firm EQT Private Equity has completed its acquisition of B2B payments company Billtrust (NASDAQ:BTRS). ...READ MORE

HCM Acquisition Corp (HCMA) Postpones Extension Vote

Dec 20, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

HCM Acquisition Corp (NASDAQ:HCMA) announced in an 8-K that it would postpone its special meeting set for 10 am ET this morning to extend the company’s transaction deadline. The meeting will be held, if at all, at a later date to be determined by the board of directors of the Company. ...READ MORE

AlphaVest Acquisition Corp. (ATMVU) Prices $60M IPO

Dec 19, 2022 Headline Post, INTEL, IPOs by Marlena Haddad

AlphaVest Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ATMVU” Tuesday, December 20, 2022.

The new SPAC intends to focus its search on businesses in Asia, and is not limited to a particular industry or geographic region. ...READ MORE

The Latest Liquidations: December 19, 2022

Dec 19, 2022 Headline Post, INTEL by Marlena Haddad

Latest SPAC Liquidations: MDH, RXR, and Oyster Enterprises

MDH Acquisition Corp. (MDH) to Liquidate on December 29

MDH Acquisition Corp. (NYSE: MDH) filed a definitive proxy statement relating to a special meeting of stockholders to redeem all of its outstanding shares of Class A common stock by changing the company’s liquidation date from February 4, 2023 to December 29, 2022. ...READ MORE

Mountain Crest Acquisition Corp. V (MCAG) Adjourns Extension Vote

Dec 19, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) announced that it convened and adjourned today’s extension vote to tomorrow, December 20, at 5:00 p.m.

The SPAC, which originally had 12 months on its timeline to complete a business combination, IPO’d in November 2021, but has the ability to extend two-times for three months each at $0.10/extension. ...READ MORE

7GC & Co. Holdings Inc. (VII) Postpones Extension Vote

Dec 19, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

7GC & Co. Holdings Inc. (NASDAQ:VII) announced this afternoon that it has postponed tomorrow’s extension vote to 3:00 p.m. E.T. on December 21.

In connection with the change, the company has further extended the deadline for holders of the Company’s Class A common stock to submit their shares for redemption in connection with the extension to 5:00 p.m. ...READ MORE

Corner Growth Acquisition Corp. (COOL) Adjourns Extension Vote

Dec 19, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Corner Growth (NASDAQ:COOL) announced this afternoon that it has adjourned today’s extension vote to 4:30 p.m. E.T. on December 20.

The SPAC hopes the additional time will allow the company to engage with its stockholders and solicit redemption reversals. ...READ MORE

OmniLit Acquisition Corp. (OLIT) Signs Non-Binding LOI

Dec 19, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

OmniLit Acquisition Corp. (NASDAQ:OLIT) announced in an 8-K filing this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a target company ahead of its extension vote on Wednesday. ...READ MORE

Achari Ventures Holdings Corp. I (AVHI) Adjourns Extension Vote

Dec 19, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Achari Ventures Holdings Corp. I (NASDAQ:AVHI) announced this morning that it has adjourned today’s extension vote to 2:00 p.m. ET, December 22.

The Special Meeting is being held for the purpose of gaining approval to extend Achari’s timeline by three months, from January 19, 2023 to April 19, 2023, or by six months to July 19, 2023. ...READ MORE

The Latest SPAC News and Rumors: December 19, 2022

Dec 19, 2022 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Hong Kong market regulator urges city to uphold rule of law, IPO market freeze sparks 80% drop in Nasdaq listings, and Grab takes cost-cutting measures

Top Hong Kong Market Regulator Urges City to Uphold Rule of Law

Hong Kong’s status as an international financial center hinges on ensuring investors have confidence that the city follows the “conventional” rule of law in place in other global hubs and maintaining its special role as a bridge between the world and China, according to Ashley Alder, the outgoing top market regulator. ...READ MORE

Angel Pond Holdings Corporation (POND) Closes MariaDB Deal

Dec 19, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Angel Pond Holdings (NYSE:POND) announced this morning that it has closed its combination with MariaDB and its shares and warrants will begin trading on the NYSE today under the symbols “MRDB” and “MRDB WS”. ...READ MORE

Edify Acquisition Corp. (EAC) to Combine with Unique Logistics International

Dec 19, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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SPAC IPO Terms Tracker: Increased Term Changes and Liquidations

Dec 17, 2022 Headline Post, INTEL by sam.beattie

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The Latest Liquidations: December 16, 2022

Dec 16, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Latest SPAC Liquidations: Velocity, Hennessy Capital V, Glass Houses, Figure I

Velocity Acquisition Corp. (VELO) to Liquidate on December 20

Velocity Acquisition Corp. (NASDAQ:VELO) will not consummate an initial business combination and intends to dissolve and liquidate effective as of the close of business on December 20, 2022. ...READ MORE

Aries I Acquisition Corp. (RAM) Terminates Infinite Assets Deal

Dec 16, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has terminated its combination agreement with metaverse technology firm Infinite Assets.

The SPAC plans to continue to seek out a combination target, but will likely have to fund extensions to do so. ...READ MORE

Sizzle Acquisition Corp. (SZZL) Postpones Extension Vote

Dec 16, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Sizzle (NASDAQ:SZZL) announced that will be postponing its upcoming extension vote from December 19 to a date yet to be determined in February.

This is likely to come in the first week of the month as the SPAC has its existing transaction deadline set for February 8. ...READ MORE

M3-Brigade Acquisition II Corp. (MBAC) Postpones Extension Vote

Dec 16, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

M3-Brigade Acquisiition II Corp. (NYSE:MBAC) announced that it is pushing its extension vote from December 19 to December 23 at 9:30 am ET.

The SPAC is seeking a full-year extension from its existing deadline of March 8, 2023 to March 8, 2024 and is attempting to give shareholders more time to potentially reverse redemption decisions. ...READ MORE

Golden Falcon Acquisition Corp. (GFX) Adjourns Extension Vote

Dec 16, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Golden Falcon (NYSE:GFX) announced that it convened and adjourned its extension vote today to 11 am ET, December 20.

The SPAC likely hopes to use this additional time to flip votes and redemption decisions after recently announcing its combination with Turkish air freight hauler MNG Airlines. ...READ MORE

Redwoods Acquisition Corp. (RWOD) Signs Agreement of Intent with Xin Bo Xing

Dec 16, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Redwoods Acquisition Corp. (NASDAQ:RWOD) announced in a 425 filing that it has signed an agreement of intent to combine with material technology company Xin Bo Xing.

The parties intend to arrange a PIPE for the transaction involving several private funds and the combined company would be listed on the Nasdaq, according to the filing. ...READ MORE

The Latest SPAC News and Rumors: December 16, 2022

Dec 16, 2022 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Execs leave Digital World as Trump Launches NFT collection, Faraday Future slides on capex plans

Three Execs Abruptly Depart SPAC As Lingering Investigations And Market Chaos Imperil Deal

Digital World Acquisition Corp., ...READ MORE