SPAC IPO Terms Tracker: Liquidations on the Rise
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HNR Acquisition Corp. (HNRA) Inks Common Stock Purchase Agreement
HNR Acquisition Corp. (NYSE:HNRA) announced this afternoon that it has entered into a common stock purchase agreement and a related registration rights agreement with White Lion Capital.
Pursuant to the agreement, HNR has the right, but not the obligation, to require White Lion to purchase up to $150 million in newly issued shares of the company’s Class A common stock. ...READ MORE
Benessere Capital Acquisition Corp. (BENE) to Liquidate Trust
Benessere Capital Acquisition Corp. (NASDAQ: BENE) announced in a press release this afternoon that its board of directors has determined to dissolve and liquidate its trust.
The SPAC’s move to liquidate comes just days after its merger target eCombustible terminated the pair’s combination agreement. ...READ MORE
BCLS Acquisition Corp. (BLSA) to Liquidate Trust
BCLS Acquisition Corp. (NASDAQ: BLSA) announced this afternoon that due to its inability to complete a business combination, it intends to dissolve and liquidate its trust.
As of the close of business on October 26, BCLS’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive the per-share redemption price of $10.03 within ten business days. ...READ MORE
Sandbridge X2 Corp. (SBII.U) Files to Liquidate Early by Vote
Sandbridge X2 Corp. (NYSE: SBII.U) filed a proxy this afternoon to seek shareholder approval to liquidate early.
The SPAC’s board has determined that it is very unlikely that Sandbridge X2 will be able to complete a business combination before its completion deadline of March 12, 2023. ...READ MORE
AGBA Acquisition Limited (AGBA) Amends TAG Deal
AGBA (NASDAQ:AGBA) announced this afternoon that it has made a few changes to its proposed merger with the five subsidiaries of financial holding company TAG.
As part of today’s amendment, the parties extended the outside closing date from October 31 to December 31. ...READ MORE
The Latest SPAC News and Rumors: October 21, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Boost Mobile founder wants to buy back service, Lavoro partners with Pattern Ag to predict crop risks, and Starry Group lays off half of staff
Boost Mobile Founder Wants to Buy Back Service, Prevent Deal by Dish
The founder of Boost Mobile wants to buy the wireless service back and keep current owner Dish Network Corp. ...READ MORE
Where Are They Now? – Simply Good Foods
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
Executive Network Partnering Corp. (ENPC) Shareholders Approve Granite Ridge Deal
Executive Network Partnering (NYSE:ENPC) disclosed this afternoon that its shareholders have approved its combination with Texas oil and gas company Granite Ridge at a special meeting held earlier today.
Holders of 30,908,389 shares of ENPC’s Class A common stock, 300,000 shares of ENPC’s Class B common stock, and 828,000 shares of ENPC’s Class F common stock were present at today’s meeting, collectively representing 78.9% of the voting power of ENPC’s outstanding voting capital stock. ...READ MORE
Podcast: Selina CEO/Co-Founder Rafael Museri & BOA President /CFO Ben Friedman
People are traveling again, but not many hotel chains focused on Millennial and Gen Z customers have achieved a global scale.
Selina is hoping to be that company. It signed a $996 million combination agreement with BOA Acquisition Corp. ...READ MORE
The Latest SPAC News and Rumors: October 20, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Xfinity becomes official internet and mobile partner of FaZe Clan and Starboard Value takes stake in data center business Vertiv
Xfinity Becomes Official Internet and Mobile Partner of FaZe Clan
Xfinity and FaZe Holdings Inc. ...READ MORE
Adit EdTech (ADEX) Amends Griid Deal
Adit EdTech (NYSE:ADEX) announced this afternoon that it has made a handful of changes to its business combination agreement in connection to its proposed merger with bitcoin self-mining company Griid Infrastructure. ...READ MORE
Technology & Telecommunication Acquisition Corp.(TETE) to Combine with Super Apps
Tech & Telecommunications Acquisition Corp. (NASDAQ:TETE) has entered into a definitive agreement to combine with fintech Super Apps at a valuation of $1.1 billion.
Kuala Lumpur, Malaysia-based Super App has agreed to acquire a 60% stake in OneShop Retail from MobilityOne (LSE:MBO.UK) ...READ MORE
The Latest SPAC News and Rumors: October 19, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Kazuo Okada vows to keep up Philippine casino fight following arrest, and Sonder president, CFO to step down
Kazuo Okada vows to keep up Philippine casino fight after arrest
Gaming tycoon Kazuo Okada has vowed to fight for his interests in the multibillion-dollar Philippine casino that bears his name after his arrest in Manila this week opened a new chapter in the drawn-out dispute over the company. ...READ MORE
Innovative International (IOAC) Secures $10M for Zoomcar Deal
Innovative International (NASDAQ:IOAC) disclosed this morning that it has already secured a $10 million convertible promissory note just a week after announcing its combination with car sharing program Zoomcar.
The new capital comes from Ananda Small Business Trust, a Nevada Trust and an affiliate of Innovative’s Sponsor, and will be in exchange for a convertible promissory note issued by Zoomcar. ...READ MORE
LMF Acquisition Opportunities, Inc. (LMAO) Shareholders Approve SeaStar Medical Deal
LMF (NASDAQ:LMAO) announced in a press release this afternoon that its shareholders have approved its combination with clinical biotech firm SeaStar Medical at a special meeting held earlier today.
Holders of approximately 79% of LMAO’s issued and outstanding shares cast votes at today’s meeting. ...READ MORE