Pathfinder Acquisition Corporation (PFDR) to Combine with Movella in $537M Deal
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Altitude Acquisition Corp. (ALTU) Teases $480 Million Deal
Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has entered into negotiations to combine with a global medical device manufacturer that would value the deal at $480 million.
The potential target remains unnamed, but Altitude did disclose that the company is a leader in the medical device field and has a product that is commercially available and approved for use in over 30 countries. ...READ MORE
Atlantic Avenue (ASAQ) to Liquidate, Cancels Extension Meeting
Atlantic Avenue (NYSE:ASAQ) has announced that it will cancel its special meeting scheduled for 10 am this morning to extend its transaction deadline and will instead liquidate, redeeming all shares at $10.03 per share. ...READ MORE
Aquaron (AQUNU) Prices $50M IPO
Aquaron Acquisition Corp. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AQUNU” Tuesday, October 4, 2022.
The new SPAC intends to identify targets in the new energy sector that are based in the U.S. ...READ MORE
Austerlitz I and II (AUS, ASZ) File to Liquidate Early
Austerlitz I (NYSE: AUS) and Austerlitz II (NYSE: ASZ) both filed proxies this afternoon stating that their sponsors are seeking shareholder approval to liquidate early.
The sponsors, Cannae Holdings, Inc. (NYSE: CNNE) and Trasimene Capital Management, believe that a completion of a suitable merger is highly unlikely, and it would be in the shareholders’ best interests to return the cash in trust in 2022 rather than wait for expiration in 2023. ...READ MORE
Freedom Acquisition 1 Corp. (FACT) to Combine with Complete Solaria in $553M Deal
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The Latest SPAC News and Rumors: October 3, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: LiveWire climbs in volatile trading and Rocket Lab to fire up first tests of new engine next year
Harley-Davidson’s E-Bike Spinoff Climbs in Volatile Trading
LiveWire Group Inc. (NYSE:LVWR) ...READ MORE
TradeUP (UPTD) to Combine with Estrella Biopharma in $398M Deal
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LanzaTech Secures $500M Partnership for AMCI II (AMCI) Deal
AMCI II (NASDAQ:AMCI) target LanzaTech, an innovative Carbon Capture and Transformation (“CCT”) company, announced this morning that it has secured a $500 million partnership for its proposed business combination.
The sustainable materials-maker will partner with Brookfield Renewable, and its institutional partners, to co-develop and build new commercial-scale production plants that will utilize LanzaTech’s CCT technology. ...READ MORE
GigCapital5 (GIA) Signs Term Sheet with QT Imaging
GigCapital5 (NYSE:GIA) announced this morning that it has signed a non-binding, exclusive term sheet to combine with medical imaging company QT Imaging.
Details on the transaction remain limited, but the parties intend to complete the proposed business combination in the first half of 2023. ...READ MORE
Athena Consumer Acquisition Corp. (ACAQ) Adds $15M to e.GO Deal
Athena Consumer (NYSE:ACAQ) announced in an 8-K this morning that it has added $15 million in bridge financing to its combination with EV-maker e.GO.
Brucke Funding has provided the funding which is drawable in three tranches maturing at the earlier of the deal’s close or nine months out from the first borrowing. ...READ MORE
Third Quarter of 2022 SPAC Review
An In-Depth Look at SPAC Activity Throughout the Third Quarter and Year-to-Date
Below is a summary of SPAC performance in 2022 year-to-date.
Now that the third quarter of 2022 has come to a close, we take a look back at year-to-date activity. ...READ MORE
SPAC IPO Terms Tracker: Wrapping Up Q3
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The Latest SPAC News and Rumors: September 30, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Billtrust surges on go-private deal, and Robinhood trader ‘deceived’ by Nikola founder snubs SEC filings
FinTech IPO Index Flat as Billtrust Surges on Go-Private Deal
Tech stocks have had a reckoning in the past several days — a rally proved short lived, a blip. ...READ MORE
Magnum Opus (OPA) to Combine with Asia Innovations
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Summit Healthcare Acquisition Corp. (SMIH) to Combine with YS Biopharma in $1Bn Deal
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Deep Medicine (DMAQ) Terminates Chijet Motor Company Deal
Deep Medicine (NASDAQ:DMAQ) announced this morning that it has terminated its $2.5 billion combination with Chinese carmaker Chijet.
Deep Medicine’s move comes after it made two amendments to the deal to extend the due diligence period. ...READ MORE
Top 3 SPAC Targets – Beauty and Personal Care
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among beauty and personal care companies with financial profiles to lure the market. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
dMY Squared Technology Group, Inc. (DMYY.U) Prices Downsized $60M IPO
dMY Squared Technology Group, Inc. priced its downsized $60 million IPO and its units are expected to begin trading on the NYSE under the symbol “DMYY.U” Friday, September 30, 2022.
The new SPAC intends to focus its efforts on companies within the professional service industry that provide accounting, legal, financial, advisory or other services to public companies or private companies that are in the process of becoming public companies with enterprise valuations in the range of $500 million to $2 billion. ...READ MORE