Qomolangma Acquisition Corp. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “QOMOU” Friday, September 30, 2022.
The new SPAC intends to focus its efforts on technology companies operating in Asian markets that have a total enterprise value between $300 million and $500 million. ...READ MORE
Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ) announced this afternoon that it has secured a $75 million loan for its combination with energy storage firm Dragonfly Energy.
The parties entered into a debt commitment letter with CCM Investments 5 LLC, an affiliate of Chardan Capital Markets, and EICF Agent LLC, for a $75 million senior secured term loan facility concurrently with the closing under the business combination agreement. ...READ MORE
Liberty Media Acquisition Corp. (Nasdaq: LMAC) filed a proxy this afternoon for a shareholder vote to liquidate early. Liberty Media’s current completion deadline is January 26, 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
East Stone Acquisition Corp. (NASDAQ:ESCC) announced this afternoon that it has once again secured another $200 million PIPE commitment for its business combination with EV-maker ICONIQ.
This marks ESCC’s fourth PIPE round. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The Polestar 3, the aptly named third vehicle from the Swedish EV company, will be officially unveiled October 12th at an event in Copenhagen, the company announced. ...READ MORE
SHF Holdings, Inc (Nasdaq: SHFS), formerly known as Northern Lights Acquisition Corp. (Nasdaq: NLIT), announced in a press release this morning that it has finally completed its combination with cannabis finance provider Safe Harbor. ...READ MORE
Brilliant (NASDAQ:BRLI) announced that it has effectively doubled the size of its pool of shares to be distributed to shareholders at the close of its combination with crypto payments firm Nukkleus. ...READ MORE
Silver Crest (NASDAQ:SLCR) announced that it has closed its transaction with coffee shop chain Tims China after an extended process.
The SPAC originally held its completion vote on August 19, but opted to give shareholders additional time to reconsider after they initially opted to redeem 99% of shares. ...READ MORE
Atlantic Avenue (NYSE:ASAQ) announced this afternoon that it intends to adjourn its special meeting on September 29 to October 4.
The special meeting was being held to consider the proposal of amending and extending ASAQ’s transaction deadline by which it must complete its initial business combination. ...READ MORE
Billtrust (NASDAQ:BTRS), which combined with South Mountain in January 2021, announced this morning that it has agreed to be acquired by private equity fund EQT in an all-cash deal for $9.50 per share. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Canadian theater chain Cineplex Inc. ...READ MORE
Larkspur Health (NASDAQ:LSPR) announced this afternoon that it has secured commitments of $10 million for its proposed merger with specialty biopharmaceutical company ZyVersa.
Of that $10 million, $8.5 million will be a PIPE investment in the form of contingent financing that will provide for the purchase of Convertible Preferred Stock of LSPR. Larkspur ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Chinese crypto billionaire Jihan Wu is setting up a $250 million fund to buy distressed assets from Bitcoin miners, as the industry reels from this year’s steep drop in digital-asset prices. ...READ MORE
VY Global Growth (NYSE:VYGG) announced in an 8-K this afternoon that it intends to liquidate its trust after being unable to identify and combine with a target that meets its investment criteria. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Stanford Law Professor Michael Klausner toiled in academic obscurity for decades until 2020, when he wrote a paper slamming special purpose acquisition companies as a rip-off of everyday investors. ...READ MORE
