The Latest SPAC News and Rumors: November 10, 2022

Nov 10, 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: Forbes enters into exclusive buyout talks with investor group, Intuitive Machines mission control cleared to track Artemis I, and court partially rebukes securities suit against Virgin Galactic SPAC deal

Forbes enters into exclusive buyout talks with investor group

Business news and information publisher Forbes said on Wednesday it has entered into “exclusive discussions” with an investor consortium for the sale of the company. ...READ MORE

AGBA Acquisition Limited (AGBA) Shareholders Approve TAG Deal

Nov 10, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

AGBA Acquisition Limited (NASDAQ:AGBA) announced this morning that its shareholders have approved its combination with the five subsidiaries of financial holding company TAG.

The SPAC disclosed that a total of 3,339,229 shares were tendered for redemption in connection the special meeting of shareholders. But, ...READ MORE

Super Group Limited (SGHC) Launches Warrant Exchange Offer

Nov 10, 2022 Headline Post, INTEL by Marlena Haddad

Super Group Limited (NYSE:SGHC) announced this morning that it has launched an exchange offer for all outstanding warrants (NYSE:SGHC.WS).

The company is offering warrant holders the opportunity to receive 0.25 ordinary shares in exchange for each of its outstanding public warrants until 12:01 a.m. ...READ MORE

Plutonian Acquisition Corp. (PLTNU) Prices $50M IPO

Nov 9, 2022 IPOs by Marlena Haddad

Plutonian Acquisition Corp. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PLTNU” Thursday, November 10, 2022.

The new SPAC intends to focus its search for a target on businesses engaged in metaverse technologies, tourism and e-commerce related industries in the Asia-Pacific region. ...READ MORE

The Latest SPAC News and Rumors: November 9, 2022

Nov 9, 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: Logiq signs new client services contract, electric commercial van maker Arrival delays revenue until 2024, and Brivo receives $75M credit facility from Runway Growth Capital

Logiq Signs New Client Services Contract

Logiq, Inc. (OTCQX: ...READ MORE

Murphy Canyon (MURF) to Combine with Conduit Pharmaceuticals in $700M Deal

Nov 9, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Athlon Acquisition Corp. (SWET) to Liquidate Trust

Nov 9, 2022 Headline Post, INTEL by Marlena Haddad

Athlon Acquisition Corp. (NASDAQ: SWET) announced in a press release this morning that due to its inability to complete a business combination, it will dissolve and liquidate its trust.

The SPAC, which originally had a completion deadline of January 14, will now redeem all of the outstanding shares of Class A common stock that were included in the units issued in its IPO at an estimated per-share redemption price of $10.06. ...READ MORE

New SPAC: AlphaVest Acquisition Corp. Files for $60M IPO

Nov 8, 2022 Headline Post, INTEL, New S-1 Filings by Marlena Haddad

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The Latest SPAC News and Rumors: November 8, 2022

Nov 8, 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: Southland awarded $596M contract, Foxconn invests another $170M into Lordstown Motors, and study shows SPAC, acquisitions and organizational structure changes increased audit fees

Southland Awarded $596 Million SR 23 Bridge Project over St.

NorthView Acquisition Corp. (NVAC) to Combine with Profusa in $416M Deal

Nov 8, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

NorthView Acquisition Corp. (NASDAQ:NVAC) has entered into a definitive agreement to combine with digital health company Profusa at a pro forma equity valuation of $416 million.

Emeryville, California-based Profusa has developed a wearable medical device that can track oxygen and glucose levels with the potential to monitor a wider range of ailments. ...READ MORE

East Stone Acquisition Corp. (ESSC) Adjourns Vote for ICONIQ Deal

Nov 8, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

East Stone (NASDAQ:ESSC) announced this morning that yesterday’s special meeting to approve its combination with EV-maker ICONIQ has been adjourned to today, November 8, at 3:00 p.m.

The SPAC did not disclose why the meeting was adjourned, but as of the redemption deadline on November 3, East Stone had received requests to redeem a total of 3,111,717 ordinary shares. ...READ MORE

The Latest SPAC News and Rumors: November 7, 2022

Nov 7, 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: Ouster and Velodyne agree to merger, DWAC gains as investors leap at presidential bid, and Polestar gets $1.6B boost from Volvo

Ouster and Velodyne agree to merger, signaling consolidation in lidar industry

Ouster (NYSE:OUST) and Velodyne (NASDAQ:VLDR), two lidar companies, have agreed to a merger in an all-stock transaction, the companies said Monday. ...READ MORE

SPAC IPO Terms Tracker: New Month, Two New SPACs

Nov 5, 2022 Headline Post, INTEL by sam.beattie

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10X Capital Venture II (VCXA) Secures Backstop for African Agriculture Deal

Nov 4, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

10x Capital Venture II (NASDAQ:VCXA) announced this afternoon that it has secured investors for a backstop non-redemption agreement in connection to its proposed merger with alfalfa farmer African Agriculture just a day after their deal announcement. ...READ MORE

The Latest SPAC News and Rumors: November 4, 2022

Nov 4, 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: Helios in talks to merge with Onyx, Alec Gores plans to shut down trio of SPACs early, and Nikola says electric-truck deliveries to fall short of plans

Citadel Alum’s SPAC Is in Talks to Merge With Helios Assets

Africa-focused private equity firm Helios Investment Partners is in talks to merge two of its portfolio companies with blank-check firm Onyx Acquisition Co. ...READ MORE

Where Are They Now? – DraftKings

Nov 4, 2022 Headline Post, INTEL by Nicholas Alan Clayton

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

SPAC Lock-Up Expirations to Watch in November

Nov 3, 2022 Headline Post, INTEL by Nicholas Alan Clayton

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Digital World (DWAC) Adjourns Extension Vote Sixth Time to November 22

Nov 3, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Digital World (NASDAQ:DWAC) has postponed its shareholder vote to extend its transaction deadline for a sixth time, this time to November 22.

Although the SPAC has not yet formally announced the move, Bloomberg reported that it was explained during Digital World’s special meeting earlier this morning. ...READ MORE

Flame Acquisition Corp. (FLME) to Combine with Sable Offshore in $883M Deal

Nov 3, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Flame Acquisition Corp. (NYSE:FLME) has entered into a definitive agreement to combine with energy company Sable Offshore at an enterprise value of $883 million.

Sable Offshore is set to purchase the Santa Ynez Unit (SYU) offshore oil field and its associated onshore facilities off the coast of California. ...READ MORE

The Latest SPAC News and Rumors: November 3, 2022

Nov 3, 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: DWAC delays meeting, Opendoor Technologies lays off 18% of workforce, and Bakkt to acquire Apex Crypto

Trump Media-Tied SPAC Still Can’t Get the Votes, Delays Meeting

The SPAC taking Donald Trump’s media venture public is running into a roadblock: Its own investors. ...READ MORE