The Latest SPAC News and Rumors: October 13, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Spring Valley II (SVIIU) Prices $200M IPO
Spring Valley Acquisition Corp. II priced its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SVIIU” Thursday, October 13, 2022.
The new SPAC intends to identify sustainable businesses positioned to benefit from macroeconomic and social trends impacting the economy. ...READ MORE
Future Health ESG Corp. (FHLT) Mutually Terminates PIPE and FPA
Future Health (NASDAQ:FHLT) disclosed in an 8-K this afternoon that it has mutually terminated its PIPE and forward purchase agreement (“FPA”) in connection with its business combination with medical technology company Excelera Health. ...READ MORE
The Latest SPAC News and Rumors: October 12, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Delta invests $60M in Joby, Lavoro agrees to acquire NS Agro in expansion throughout Latin America, and Falcon’s Beyond announces details on new theme park
Delta invests $60M in air taxi company Joby Aviation
Delta Air Lines has made an upfront equity investment of $60 million in Santa Cruz, Calif.-based ...READ MORE
Podcast: Gorilla Technology’s Jay Chandan & Raj Natarajan Discuss Edge Computing
This week we speak with Jay Chandan, Chairman and CEO of Gorilla Technology, and Raj Natarajan, its Chief Innovation Officer.
Gorilla closed a $720 million combination with Global SPAC Partners in July and has since been a bright spot among recent de-SPACs, consistently trading in the $11 to $12 range. ...READ MORE
Lefteris Acquisition Corp. (LFTR) to Liquidate Trust
Lefteris Acquisition Corp. (NASDAQ:LFTR) announced this afternoon that due to its inability to complete a business combination, it intends to dissolve and liquidate its trust.
As of the close of business on October 24, the SPAC’s shares will be cancelled and the outstanding shares will be redeemed for shareholders at a per-share redemption price of approximately $10.06. The ...READ MORE
G Squared Ascend I Inc. (GSQD) Terminates Transfix Deal
G Squared Ascend I Inc. (NYSE:GSQD) announced this morning that it has mutually terminated its combination with digital freight software company Transfix and its sponsor will instead invest in the company privately. ...READ MORE
The Latest SPAC News and Rumors: October 11, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: LanzaTech produces ethylene from CO2, Selina provides first half 2022 earnings results, and Footprint partners with SAMBAZON
LanzaTech Produces Ethylene from CO2, Changing the Way We Make Products Today
LanzaTech NZ, Inc. ...READ MORE
Digital World (DWAC) Adjourns Extension Vote to November 3
Digital World (NASDAQ:DWAC) has once again pushed its special meeting to vote on a one-year transaction deadline extension to Thursday, November 3.
This three-and-a-half week postponement is an unusually long one, but is unsurprising in for what has become one of the most unusual deal processes in years. ...READ MORE
The Latest SPAC News and Rumors: October 10, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SEC to reopen comment periods for some rules after tech glitch
U.S.
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Turmeric Acquisition Corp. (TMPM) to Liquidate Trust
Turmeric Acquisition Corp. (NASDAQ:TMPM) announced this morning that it has opted to liquidate its trust, dispersing approximately $10.05 per share to holders.
The SPAC’s shares will cease trading as of the open on October 20. ...READ MORE
SPAC IPO Terms Tracker: The Fourth Quarter Begins
Terms Tracker for the Week Ending October 7th, 2022
Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings.
The first week of October ended on a comparatively similar note as the few weeks prior, with one new S-1 registration statement and one IPO. ...READ MORE
Sarissa Capital Acquisition Corp. (SRSAU) to Liquidate Trust
Sarissa Capital Acquisition Corp. (NASDAQ:SRSAU) announced this afternoon that it will not consummate a business combination and will instead liquidate its trust, effective as of October 31, 2022.
Following the closing of business, shareholders are to receive the pro rata trust amount of $10.05 per share within the next 10 days. ...READ MORE
Orion Acquisition Corp. (OHPAU) Files to Liquidate Early by Vote
Orion Acquisition Corp. (Nasdaq: OHPAU) filed a proxy this afternoon for a shareholder vote to liquidate early.
Orion’s current completion deadline isn’t until March 4, 2023, but today’s filing is asking shareholders to approve an amendment that would allow the Board to change the date to no later than December 30, 2022. ...READ MORE
Lux Health Tech Acquisition Corp. (LUXA) to Liquidate Trust
Lux Health Tech Acquisition Corp. (NASDAQ:LUXA) announced this afternoon that it will not consummate a business combination and will instead dissolve and liquidate its trust, effective as of the close of business on October 29. ...READ MORE
The Latest SPAC News and Rumors: October 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Polestar warns of slow recovery from lockdown, CVS in exclusive talks to buy Cano Health, and Slack’s backers warn SCOTUS of hit to capital markets from direct listing case
Polestar Warns Slow Recovery From Lockdown Dragged on Results
Polestar Automotive Holding (NASDAQ:PSNY) said supply issues that lingered after China’s Covid lockdowns earlier this year will weigh on results the electric-car maker is releasing next month, though it’s sticking with its full-year deliveries target. ...READ MORE