The Latest SPAC News and Rumors: September 21, 2022

Sep 21, 2022 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: Cano Health buys Doctor’s Medical Center for $300M, Ouster lays off 10% of staff, and Coeptis enters license agreement with University of Pittsburgh

Cano Health buys Doctor’s Medical Center for $300M to cement its primary care business in Florida

Miami-based Cano Health announced today the acquisition of fellow primary care provider Doctor’s Medical Center in a bid to grow its Medicare, Medicaid and Affordable Care Act (ACA) exchange memberships in South Florida. ...READ MORE

Avalon Acquisition Inc. (AVAC) to Combine with The Beneficient Company in $3.5Bn Deal

Sep 21, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Avalon (NASDAQ:AVAC) has entered into a definitive agreement to combine with financial services firm The Beneficient Company Group, or Ben, at an enterprise value of about $3.5 billion.

The Dallas-based company provides customers options to exit alternative investments early via structures designed for high-net-worth individuals and small institutions. ...READ MORE

5:01 Acquisition Corp. (FVAM) to Liquidate Trust

Sep 20, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

5:01 Acquisition Corp. (NASDAQ:FVAM) announced in a press release this afternoon that it intends to liquidate its trust after being unable to complete a business combination.

The SPAC will instead redeem its shares and the public shareholders are expected to receive their pro rata share of the trust at $10.00 per share. ...READ MORE

North Mountain Merger Corp. (NMMC) to Liquidate Trust

Sep 20, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

North Mountain Merger Corp. (NASDAQ:NMMC) announced in a press release this afternoon that it will not be able to complete a business combination and will instead liquidate its trust.

The SPAC, which had 24 months on its clock to complete a deal, will cease trading on September 30 and shareholders are expected to receive their pro rata share of the trust estimated at $10.00 per share. ...READ MORE

The Latest SPAC News and Rumors: September 20, 2022

Sep 20, 2022 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: Nikola CEO says he learned debut truck lacked power after he joined, Opendoor hit with losses amid Zillow collapse, and Bitdeer buys Asia’s ‘Fort Knox’

Nikola CEO Says He Learned Debut Truck Lacked Power After He Joined

Nikola Corp.’s ...READ MORE

FoxWayne Enterprises Acquisition Corp. (FOXW) to Combine with Clover in $157M Deal

Sep 20, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

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Social Capital Hedosophia Holdings IV (IPOD) and VI (IPOF) to Liquidate

Sep 20, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Social Capital IV (NYSE:IPOD) and Social Capital VI (NYSE:IPOF) each announced in 8-K filings this morning that they intend to not complete business combinations and will instead liquidate their trusts on October 17. ...READ MORE

Global Star Acquisition, Inc. (GLSTU) Prices $80M IPO

Sep 19, 2022 IPOs by Marlena Haddad

Global Star Acquisition, Inc. priced its $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GLSTU” Tuesday, September 20, 2022.

The new SPAC intends to focus its efforts on Fintech and Proptech businesses that offer technology solutions, broader technology software, services or products to the financial services or real estate industries. ...READ MORE

The Latest SPAC News and Rumors: September 19, 2022

Sep 19, 2022 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: DWAC fails to pay proxy solicitors, and Ocean Biomedical discovers new therapy that can potentially kill cancerous cells

Trump SPAC fails to pay proxy firm despite tough hunt for votes, Financial Times reports

Executives behind a SPAC Digital World Acquisition Corp (NASDAQ:DWAC) that plans to take Donald Trump’s media business public have failed to pay their proxy solicitors, The Financial Times reported on Saturday. ...READ MORE

Getty Images (GETY) Calls All Outstanding Warrants

Sep 19, 2022 INTEL, SPACs in the News by Nicholas Alan Clayton

Getty (NYSE:GETY) announced this morning that it will redeem all outstanding warrants for $0.01 per warrant at 5 p.m. on October 19.

This move is not being accompanied by a warrant exchange offer because of just how hot the de-SPAC has been trading over the past month. ...READ MORE

Roth CH Acquisition IV Co. (ROCG) Ends Exclusivity with LOI Target

Sep 19, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Roth CH IV (NASDAQ:ROCG) announced in an 8-K this morning that its letter of intent (LOI) to combine with a target company is no longer exclusive.

The SPAC noted that negotiations for the deal remain ongoing, but both parties may seek out other transactions. ...READ MORE

SPAC IPO Terms Tracker: More of the Same for September

Sep 17, 2022 INTEL by sam.beattie

Terms Tracker for the Week Ending September 16th, 2022

Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings.

For the week ending September 16^th, there were just two new S-1 registration statements, up from the zero seen last week, and zero IPOs, one less than the week prior. ...READ MORE

AEA-Bridges Impact Corp. (IMPX) Shareholders Approve LiveWire Deal

Sep 16, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

AEA-Bridges Impact Corp. (NYSE:IMPX) announced in an 8-K this afternoon that its shareholders approved its combination with Harley-Davidson’s (NYSE:HOG) electric motorcycle division LiveWire at a special meeting held earlier today.

Holders of 35,761,579 ordinary shares were present in person or by proxy at today’s meeting, representing approximately 71.52% of IMPX’s voting power. ...READ MORE

New SPAC: Four Leaf Acquisition Corp. Files for $65M IPO

Sep 16, 2022 INTEL, New S-1 Filings by Marlena Haddad

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The Latest SPAC News and Rumors: September 16, 2022

Sep 16, 2022 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: Byju’s delayed audit shows widening losses and ProSomnus announces availability of insurance reimbursement

Byju’s reports widening losses after prolonged audit delayed

Indian education provider Byju’s finally released audited financial statements after months of delay, but the disclosures are unlikely to resolve the swirl of controversy around the country’s most valuable startup. ...READ MORE

Inflection Point Acquisition Corp. (IPAX) to Combine with Intuitive Machines in $815M Deal

Sep 16, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Inflection Point (NASDAQ:IPAX) has entered into a definitive agreement to combine with space services company Intuitive Machines at an enterprise value of $815 million, or 2.8x its 2023E revenue.

Houston, Texas-based Intuitive Machines has designed a moon lander for future NASA missions as well as other aerospace products. ...READ MORE

Top 3 SPAC Targets – Energy Infrastructure

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

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies operating or building out energy infrastructure. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

Recharge Acquisition Corp. (RCHG) to Liquidate Trust

Sep 15, 2022 INTEL by Marlena Haddad

Recharge Acquisition Corp. (NASDAQ:RCHG) announced this afternoon that it intends to dissolve and liquidate its trust after being unable to complete a business combination.

The SPAC had a transaction deadline set for October 5, but will now redeem all of its outstanding shares of Class A common stock issued as part of the units sold in its IPO at a per-share redemption price of approximately $10.12. As ...READ MORE

CF Acquisition Corp. VI (CFVI) Shareholders Approve Rumble Deal

Sep 15, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

CF Acquisition Corp. VI (NASDAQ:CFVI) announced in a press release this afternoon that its shareholders approved its combination with social video platform Rumble at a special meeting held earlier today.

The SPAC disclosed that only 0.1% of the 30 million CFVI public shares were redeemed in connection with the meeting, marking the best redemption result of the year to-date. ...READ MORE

TPB Acquisition Corporation I (TPBA) to Combine with Lavoro in $1.2Bn Deal

Sep 15, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

TPB Acquisition Corp I (NASDAQ:TPBA) has entered into a definitive agreement to combine with agritech business Lavoro, at an enterprise value of $1.22 billion, or 7.1x its 2022E EBITDA.

Sao Paulo, Brazil-based Lavoro is a diversified omnichannel seller of agricultural inputs in Brazil and the Latin American region more broadly. ...READ MORE