The Latest SPAC News and Rumors: November 1, 2022

Nov 1, 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: Circle’s SPAC partner looks to delay merger until 2023, and Intuitive Machines opens Houston’s first engine verification facility

Circle’s SPAC Partner Looks to Delay $9 Billion Acquisition of Stablecoin Issuer Until 2023

Concord Acquisition Group (NYSE:CND) is planning to delay its already-postponed purchase of Circle Internet Financial, primary issuer of the USD Coin cryptocurrency, until the end of January, a filing with the Securities and Exchange Commission indicated. ...READ MORE

Primavera Capital (PV) Removes Bonus Pool, Secures $95M PIPE

Nov 1, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Primavera Capital (NYSE:PV) announced this morning that it has made an amendment to remove its bonus pool of shares for non-redeeming shareholders and has secured an additional $95M PIPE subscription in connection to its combination with the Lanvin Group. ...READ MORE

Welsbach Technology Metals Acquisition Corp. (WTMA) to Combine with WaveTech in $228M Deal

Nov 1, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Future Health ESG (FHLT) Terminates Deal with Excelera Health

Nov 1, 2022 Headline Post, INTEL by Marlena Haddad

Future Health ESG (NASDAQ:FHLT) announced in an 8-K this morning that it has terminated its combination agreement with medical technology company Excelera Health.

This comes just a few weeks after the SPAC mutually terminated its $100 million PIPE and $20 million forward purchase agreement (“FPA”) with Variant Capital and Hakim. ...READ MORE

The Latest SPAC News and Rumors: October 31, 2022

Oct 31, 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: Brad Pitt’s Plan B in talks to sell stake to Mediawan, BuzzFeed allowed to block worker arbitration claims over IPO snafu, and Bright Machines raises $100M after pulling SPAC deal

Brad Pitt’s Plan B Is Said in Deal Talks With France’s Mediawan

Actor Brad Pitt’s Plan B Entertainment, the production company behind films like Moonlight and The Big Short, is in talks to sell a significant stake to French media conglomerate Mediawan, according to people with knowledge of the matter. ...READ MORE

Phoenix Biotech (PBAX) to Combine with Intrinsic Medicine in $207M Deal

Oct 31, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

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Spree Acquisition Corp. 1 (SHAP) to Combine with zTrip in $251M Deal

Oct 31, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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SPAC IPO Terms Tracker: Heading Towards the End of the Month

Oct 29, 2022 Headline Post, INTEL by sam.beattie

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The Latest SPAC News and Rumors: October 28, 2022

Oct 28, 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: Palihapitiya blames the Fed for market conditions, Johannesburg Stock Exchange changes listing rules, and Zukin Certification Services partners with Banyan Risk to offer SPAC D&O insurance

Chamath Palihapitiya blames the Fed for ‘perverted’ market conditions that benefited him

Billionaire investor and so-called SPAC King Chamath Palihapitiya said the zero interest rates the Federal Reserve allowed to persist for years created the “perverted” market conditions he benefited from at the height of the Covid pandemic. ...READ MORE

Top 3 SPAC Targets – Southeast Asia

Oct 28, 2022 Headline Post, INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in South and Southeast Asia. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

Health Assurance Acquisition Corp. (HAAC) to Liquidate Trust

Oct 27, 2022 Headline Post, INTEL by Marlena Haddad

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

The SPAC originally had a completion deadline of November 17, but now expects its shares to stop trading on the Nasdaq as of the close of business on November 3. HAAC’s ...READ MORE

The Latest SPAC News and Rumors: October 27, 2022

Oct 27, 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: FlyExclusive expands partnership with SmartSky, and Graphjet announces agreement with Quantum Science

FlyExclusive, SmartSky Expands Wi-Fi Partnership Ahead of IPO

After announcing last week that it would become a publicly traded company through a $600 million special purpose acquisition company merger, flyExclusive also shared that it was planning to purchase as many as 14 Cessna Citations from Textron Aviation. ...READ MORE

Ignyte Acquisition Corp. (IGNY) Shareholders Approve Peak Bio Deal

Oct 27, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Ignyte Acquisition Corp. (NASDAQ:IGNY) announced this morning that its shareholders approved its combination with biopharmaceutical firm Peak Bio at a special meeting on October 25.

The press release did not divulge redemption figures, but noted that the vote received roughly 75% turnout and 75% approval. ...READ MORE

Podcast: FiscalNote Chairman, CEO, and Co-Founder Tim Hwang

Oct 27, 2022 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

The market is down, but so are valuations for private companies looking at their strategic options. There are now bargains to be had for recent de-SPACs looking to execute a post-listing roll-up strategy, according to FiscalNote Chairman, CEO and co-founder Tim Hwang. ...READ MORE

Bull Horn Holdings (BHSE) Shareholders Approve Coeptis Therapeutics Deal

Oct 26, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Bull Horn Holdings Corp. (NASDAQ:BHSE) disclosed this afternoon that its shareholders have approved its combination with biopharmaceutical company Coeptis (OTC:COEP) in a special meeting held earlier today.

A total of 2,869,654 ordinary shares, or approximately 88.5% of Bull Horn’s outstanding public shares, were redeemed at today’s meeting. ...READ MORE

The Latest SPAC News and Rumors: October 26, 2022

Oct 26, 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: Saudi stock exchange CEO sees strong IPO pipeline, and Grove Collaborative products now available at more than 4,000 stores

Saudi stock exchange CEO sees strong IPO pipeline in busy year

The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales. “What ...READ MORE

Jupiter Wellness (JWAC) to Combine with Chijet Motor Company in $1.6Bn Deal

Oct 26, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

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Mana Capital Acquisition Corp. (MAAQ) Shareholders Approve Cardio Diagnostics Deal

Oct 26, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Mana Capital (NASDAQ:MAAQ) announced this morning that its shareholders approved its combination with biopharmaceutical firm Cardio Diagnostics in a special meeting held yesterday.

The press release did not disclose redemption amounts, but MAAQ traded below its trust value of $10 throughout its redemption deadline October 21, and closed yesterday at a low of $5.99. ...READ MORE

Cartesian Growth Corp (GLBL) Adds Bonus Pool to Alvarium Tiedemann Deal

Oct 26, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Cartesian Growth Corporation (NASDAQ:GLBL) announced in an 8-K this morning that it has made a fourth amendment to its combination with wealth management firms Alvarium and Tiedemann, this time providing bonus shares to non-redeeming shareholders. ...READ MORE

Endurance Acquisition Corp. (EDNC) Shareholders Approve Satixfy Deal

Oct 26, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Endurance Acquisition Corp. (NASDAQ:EDNC) announced this afternoon that its shareholders approved its combination with satellite company Satixfy at a special meeting held yesterday.

The SPAC announced in an 8-K at the beginning of the week that it has added additional financing to its deal in the form of a prepaid forward transaction wherein the investor will purchase up to 10,000,000 shares. ...READ MORE