Crown PropTech (NYSE:CPTK) filed an 8-K this afternoon revealing that its target Brivo intends to terminate their combination agreement.
Last week, Crown received a notice of election from Brivo, that the building solutions provider had elected to terminate the deal since it had not been completed by August 9, the “Outside Date”. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Venture capital giant Andreessen Horowitz said on Monday it would be investing in Adam Neumann’s residential real estate company Flow, backing the WeWork Inc (NYSE:WE) co-founder who has often drawn criticism for his allegedly erratic management style.
DocGo (NASDAQ:DCGO), which combined with Motion in November 2021, announced that it will redeem all of its outstanding warrants at 5 pm ET September 16 at a redemption price of $0.10 per warrant. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
10X Capital II (NASDAQ:VCXA) announced this morning that it has mutually terminated its combination with crypto mining hardware firm PrimeBlock.
While the parties did not give a reason for terminating the deal just months after announcement, it is likely due to unfavorable market conditions as this marks the 6th termination in August thus far. ...READ MORE
Breeze Holdings Acquisition Corp. (NASDAQ:BREZ) announced late this afternoon that it has mutually terminated its combination with space logistics firm D-Orbit.
Tellingly, Breeze and D-Orbit cited market conditions as the reason for termination, which has become a common refrain for the SPAC market. ...READ MORE
Edoc Acquisition Corp. (NASDAQ:ADOC) announced this afternoon that it has mutually terminated its combination with biotechnology firm Calidi Biotherapeutics, Inc.
This morning, Edoc filed an 8-K notifying shareholders that it had postponed its scheduled extension vote from 10AM to 8PM this evening. ...READ MORE
East Stone Acquisition Corp. (NASDAQ:ESCC) has tacked on yet another $200 million to its PIPE for its combination with EV-maker ICONIQ, bringing the total PIPE now to $600 million.
As background, East Stone brought an estimated $33.5 million into the deal from its current trust and originally supplemented this with a $200 million PIPE at $10.26 per share from an unnamed investor. ...READ MORE
Broadscale Acquisition Corp. (NASDAQ:SCLE) announced this afternoon that it has mutually terminated its combination with software engineering platform Voltus.
On Monday, August 8, Voltus informed Broadscale that it would be unable to complete all actions necessary in order for its registration statements to be effective prior to its agreement end date. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The small-satellite launcher has already proven its business model and will benefit from a post-Ukraine increase in military spending. ...READ MORE
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies green energy beneficiaries of the Inflation Reduction Act. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Digital Health (NASDAQ:DHAC) announced this afternoon that it has entered into a PIPE Securities Purchase Agreement, a registration rights agreement, and a lock-up agreement in connection to its proposed merger with telehealth software firm VSee and digital healthcare provider iDoc. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The days of a Jetsons-like society zipping around in flying cars are still a long, long way away, but United Airlines is making a $10 million bet on flying cars. ...READ MORE
Pono Capital (NASDAQ:PONO) announced this afternoon that it has mutually terminated its combination with cannabinoid drug developer Benuvia.
While today’s press release did not provide much detail, Pono Capital intends to continue its search for a target for its business combination and extended its transaction timeline today by three months. ...READ MORE
Hainan Manaslu Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HMACU” Thursday, August 11, 2022.
The new SPAC aims to focus on targets with high growth potential in the post COVID-19 market including companies targeting vast consumer segments, platform based businesses, and products targeting the younger generation of consumers. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
