Endurance Acquisition Corp. (EDNC) Lowers Satixfy Valuation in Re-Strike
Endurance Acquisition Corp. (NASDAQ:EDNC) announced in an 8-K filing this morning that it has made a pair of amendments to its combination with satellite hardware-maker Satixfy, lowering its valuation and introducing sponsor concessions. ...READ MORE
Software Acquisition Group III (SWAG) Shareholders Approve Nogin Deal
Software Acquisition Group III (NASDAQ:SWAG) announced that its shareholders approved its combination with software firm Nogin at a special meeting yesterday.
The SPAC tipped in an 8-K yesterday that about 82.7% of its shares were redeemed in connection with its vote. ...READ MORE
E.Merge Technology Acquisition Corp. (ETAC) to Liquidate Trust
E.Merge Technology Acquisition Corp. (NASDAQ: ETAC) announced this afternoon that it intends to dissolve and liquidate its trust due to its inability to complete a business combination.
The SPAC anticipates that the public shares will cease trading as of the close of business on September 4, 2022, and will redeem all of its outstanding shares from its IPO for approximately $10.06 per share. ...READ MORE
Software Acquisition Group III (SWAG) Divulges Redemptions in Nogin Vote
Software Acquisition Group III (NASDAQ:SWAG) announced in an 8-K filing this morning that about 82.7% of its shares were redeemed in connection with its vote to complete its combination with software firm Nogin earlier today. ...READ MORE
The Latest SPAC News and Rumors: August 22, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Rumble launches beta version of ad platform, and ZyVersa demonstrates effectiveness of inflammsome
Rumble Launches Beta Version of Ad Platform
Today, the video-sharing platform Rumble announced the launch of the beta version of Rumble Ads, which will be open to all verified businesses. ...READ MORE
SPAC IPO Terms Tracker: Late Summer Slowdown
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Social Capital Suvretta I (DNAA) Shareholders Approve Akili Interactive Deal
Social Capital Suvretta I (NASDAQ:DNAA) announced in an 8-K this afternoon that its shareholders have approved its combination with digital medicine company Akili Interactive at a special meeting held yesterday.
Approximately 99.09% of DNAA shareholders opted to redeem their shares, leaving just 227,252 shares left in the SPAC’s trust. ...READ MORE
The Latest SPAC News and Rumors: August 19, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hyzon Motors ousts CEO as financial probe continues and Geely Auto earnings squeeze by Covid lockdowns and chip shortage
Hyzon Motors ousts CEO Craig Knight as financial probe continues
Hyzon Motors (NASDAQ:HYZN) has ousted CEO Craig Knight because of a financial quagmire over how the trucking fuel cell maker reported revenue in China and managed internal financial controls. ...READ MORE
Silver Crest (SLCR) Shareholders Approve Tim Hortons China Deal
Silver Crest (NASDAQ:SLCR) announced in an 8-K this morning that its shareholders have approved its combination with TH International at a special meeting yesterday.
About 99% of shareholders opted to redeem shares, however, which is the highest amount since CC Neuberger II closed its combination with Getty Images (NYSE:GETY) last month. ...READ MORE
Top 3 SPAC Targets – Drones and Robots with Jobs
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies producing either drones or robots taking over jobs in the inflation-stricken economy. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Bright Lights (BLTS) Terminates MANSCAPED Deal
Bright Lights (NASDAQ:BLTS) announced this afternoon that it has mutually terminated its combination with MANSCAPED, effective immediately.
On August 15, 2022, BLTS received a letter from Manscaped purporting to terminate the BCA and the parties entered into the termination agreement today. ...READ MORE
The Latest SPAC News and Rumors: August 18, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Audit committees urged to keep tabs on SPAC reporting, and Singapore’s Grab forms alliance with rivals to shape gig workers law
Audit Committees Urged to Keep Tabs on SPAC Reporting, Turnover
The US audit regulator, the Public Company Accounting Oversight Board, released on Wednesday a list of questions and topics that corporate boards should consider reviewing with their auditor.
Software Acq. Group III (SWAG) Arranges Common Stock Purchase Agreement
Software Acquisition Group Inc. III (NASDAQ:SWAG) announced this morning that it intends to enter into a purchase agreement with a financial institution in connection with its combination with Commerce-as-a-Service technology provider Nogin. ...READ MORE
Podcast: Nogin Co-Founder/CEO Jan-Christopher Nugent & SWAG’s Jon Huberman
This week, we speak with Jan-Christopher Nugent, Co-Founder and CEO of Nogin and Jon Huberman, Chairman, CEO and CFO of Software Acquisition Group Inc. III (Nasdaq: SWAG). The two announced a $658 million combination agreement in February of 2022. ...READ MORE
The Latest SPAC News and Rumors: August 17, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Aspiration launches Carbon Opportunities Fund, Digital World postpones earnings amid investigations, and Polestar announces new electric vehicle
Carbon Opportunities Fund Launches First-of-its-Kind Investment Platform to Issue Tokenized Carbon Credits
The International Finance Corporation, Cultivo, Aspiration, and Chia Network, today announced the launch of the Carbon Opportunities Fund (the Fund), a global investment platform that will raise private capital for an innovative model to source, tokenize and sell high-quality, verified carbon credits. ...READ MORE
FAST (FST) Reaches Interim Agreement in Special Opportunities Suit
FAST Acquisition Corp (NYSE: FST) announced this morning that it has come to a partial agreement with regard to the suit brought by Special Opportunities Fund (NYSE:SPE) over the distribution of the SPAC’s funds in its upcoming liquidation. ...READ MORE
MarketWise (MKTW) Launches Exchange Offer for Warrants
MarketWise (NASDAQ:MKTW), which combined with Ascendant Digital in July 2021, has launched an offer to exchange all outstanding warrants for 0.1925 shares each.
At the company’s current share price of $4.08, this amounts to a value of $0.79662 per warrant. ...READ MORE
Podcast: Scott Ford, CEO & Co-Founder of Westrock Coffee
This week we speak with Scott Ford, CEO and Co-Founder of Westrock Coffee.
Westrock entered into a $1.1 billion combination agreement with Riverview Acquisition Corp. (Nasdaq: RVAC) in April of 2022, and has grown into the #1 wholesale provider of coffee and tea to US restaurants. ...READ MORE