Mobiv Acquisition Corp. (MOBVU) Prices $87M IPO
Mobiv Acquisition Corp. priced its $87 million IPO and its units are expected to begin trading on the NASDAQ under the symbol “MOBVU” Thursday, August 4, 2022.
The new SPAC will focus its efforts on acquiring a technology company that is driving its growth in the electric vehicle (“EV”) and urban “smart” mobility industry including adjacent businesses in the sustainable transportation and related ecosystem. ...READ MORE
Podcast: Anil Mathews, Founder & CEO of Near
This week, we speak with Anil Mathews, Founder and CEO of Near.
Near announced a $754 million combination agreement with KludeIn I Acquisition Corp (Nasdaq: INKA), in May of this year. ...READ MORE
The Latest SPAC News and Rumors: August 3, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Forbes explores sale months after terminating SPAC deal and Interra refiles for Hong Kong listing
Forbes explores sale, hires Citigroup as banker
Forbes said on Tuesday it was exploring a sale of its business and had hired Citigroup to manage the process, months after it pulled out of a deal to go public through a SPAC. ...READ MORE
FAST Acquisition Corp. (FST) to Liquidate and Keep Fertitta Breakup Fee
FAST Acquisition Corp (NYSE: FST) noted in a 10-Q this morning that it intends to liquidate its trust shortly after its August 25 transaction deadline.
As a result, FAST will now receive $26 million in a settlement from Fertitta Entertainment, which sought to terminate their combination just before close in December. ...READ MORE
Founder SPAC (FOUN) Shareholders Approve Rubicon Deal
Founder SPAC (NASDAQ:FOUN) announced that its shareholders approved its combination with digital garbage-hauling marketplace Rubicon at a special meeting August 2.
The SPAC’s initial press release did not disclose redemption figures but noted that 97% of votes cast were in favor of the deal. ...READ MORE
Ribbit LEAP (LEAP) to Liquidate $403M Trust
Ribbit LEAP Ltd. (NYSE:LEAP) announced late last night that it will not complete a business combination by its initial deadline of September 10, and will instead redeem all shares.
The SPAC will cease all operations on August 15 and shareholders will shortly thereafter receive $10.02 per share. ...READ MORE
L&F Acquisition Corp. (LNFA) Shareholders Approve ZeroFox Deal
L&F (NYSE:LNFA) announced in an 8-K filing this afternoon that its shareholders have approved its combination with cybersecurity firm ZeroFox at a special meeting held earlier today.
A total of 7,056,469 ordinary shares were present in person at today’s meeting, representing 91.19% of the voting power of LNFA’s ordinary shares.
Quantum Fintech (QFTA) Rejects TradeStation’s Termination of Merger Agreement
Quantum Fintech Acquisition Corp. (NASDAQ:QFTA), filed an 8-K this afternoon laying out a potential battle regarding their business combination with TradeStation. This is oddly reminiscent of Dune’s current battle with TradeZero, including even the selling company names. ...READ MORE
Alpha Capital (ASPC) Shareholders Approve Semantix Deal
Alpha Capital (NASDAQ:ASPC) announced in a press release this afternoon that its shareholders have approved its combination with data software platform Semantix at a special meeting held earlier today.
The press release did not include redemption figures, but Alpha’s $93.6 million PIPE alone is sufficient to satisfy the deal’s $85 million minimum cash condition. ...READ MORE
The Latest SPAC News and Rumors: August 2, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Lidar maker Innoviz wins $4 billion Volkswagen contract
Israeli lidar maker Innoviz wins $4 billion Volkswagen contract for millions of sensors
Israeli lidar maker Innoviz (NASDAQ:INVZ) announced Tuesday it has won a contract to supply lidar units and related software for autonomous driving to a unit of Volkswagen, in a deal worth $4 billion in sales over eight years. ...READ MORE
ACE Convergence (ACEV) PIPE Investor Terminates $175M Investment
ACE Convergence (NASDAQ:ACEV) announced in an 8-K this morning that its PIPE investor Oaktree had terminated its subscription agreement funding $175 million of the $200 million in convertible notes the SPAC had arranged for its combination with Tempo Automation. ...READ MORE
The Latest SPAC News and Rumors: August 1, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Nikola buys Romeo Power for 11% of SPAC valuation, Morgan Stanley’s top SPAC banker exits for Elliott, and SeaStar Medical reports successful treatment
Nikola Buys Romeo Power for 11% of Battery Maker’s SPAC Valuation
Nikola Corp. ...READ MORE
RedBall Acquisition Corp. (RBAC) to Liquidate Trust
RedBall Acquisition Corp. (NYSE:RBAC) announced over the weekend that it will not complete a transaction before its August 17 deadline and it intends to liquidate its trust.
Its shares will cease trading on August 16 and the SPAC is set to return about $10.02 per share to investors shortly after this date. ...READ MORE
SPAC IPO Terms Tracker: IPO Drought for July
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ACE Convergence (ACEV) Files Changes to Tempo/Compass Deal
ACE Convergence (NASDAQ:ACEV) announced this afternoon that its target, electronics manufacturer Tempo Automation, has terminated its merger agreement with Compass Diversified Holdings (NYSE: CODI).
Concurrent with the business combination, Tempo had originally planned to acquire 100% of the issued and outstanding equity interests in Compass AC Holdings, Inc. ...READ MORE