The Latest SPAC News and Rumors: August 18, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Audit committees urged to keep tabs on SPAC reporting, and Singapore’s Grab forms alliance with rivals to shape gig workers law
Audit Committees Urged to Keep Tabs on SPAC Reporting, Turnover
The US audit regulator, the Public Company Accounting Oversight Board, released on Wednesday a list of questions and topics that corporate boards should consider reviewing with their auditor.
Software Acq. Group III (SWAG) Arranges Common Stock Purchase Agreement
Software Acquisition Group Inc. III (NASDAQ:SWAG) announced this morning that it intends to enter into a purchase agreement with a financial institution in connection with its combination with Commerce-as-a-Service technology provider Nogin. ...READ MORE
Podcast: Nogin Co-Founder/CEO Jan-Christopher Nugent & SWAG’s Jon Huberman
This week, we speak with Jan-Christopher Nugent, Co-Founder and CEO of Nogin and Jon Huberman, Chairman, CEO and CFO of Software Acquisition Group Inc. III (Nasdaq: SWAG). The two announced a $658 million combination agreement in February of 2022. ...READ MORE
The Latest SPAC News and Rumors: August 17, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Aspiration launches Carbon Opportunities Fund, Digital World postpones earnings amid investigations, and Polestar announces new electric vehicle
Carbon Opportunities Fund Launches First-of-its-Kind Investment Platform to Issue Tokenized Carbon Credits
The International Finance Corporation, Cultivo, Aspiration, and Chia Network, today announced the launch of the Carbon Opportunities Fund (the Fund), a global investment platform that will raise private capital for an innovative model to source, tokenize and sell high-quality, verified carbon credits. ...READ MORE
FAST (FST) Reaches Interim Agreement in Special Opportunities Suit
FAST Acquisition Corp (NYSE: FST) announced this morning that it has come to a partial agreement with regard to the suit brought by Special Opportunities Fund (NYSE:SPE) over the distribution of the SPAC’s funds in its upcoming liquidation. ...READ MORE
MarketWise (MKTW) Launches Exchange Offer for Warrants
MarketWise (NASDAQ:MKTW), which combined with Ascendant Digital in July 2021, has launched an offer to exchange all outstanding warrants for 0.1925 shares each.
At the company’s current share price of $4.08, this amounts to a value of $0.79662 per warrant. ...READ MORE
Podcast: Scott Ford, CEO & Co-Founder of Westrock Coffee
This week we speak with Scott Ford, CEO and Co-Founder of Westrock Coffee.
Westrock entered into a $1.1 billion combination agreement with Riverview Acquisition Corp. (Nasdaq: RVAC) in April of 2022, and has grown into the #1 wholesale provider of coffee and tea to US restaurants. ...READ MORE
Crown PropTech (CPTK) Receives Notice of Brivo Termination
Crown PropTech (NYSE:CPTK) filed an 8-K this afternoon revealing that its target Brivo intends to terminate their combination agreement.
Last week, Crown received a notice of election from Brivo, that the building solutions provider had elected to terminate the deal since it had not been completed by August 9, the “Outside Date”. ...READ MORE
The Latest SPAC News and Rumors: August 16, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Andreessen Horowitz backs Adam Neumann’s real estate firm Flow, and Babylon said to mull take-private not long after SPAC deal
Silicon Valley Giant Andreessen Horowitz Backs Adam Neumann’s Real Estate Firm Flow
Venture capital giant Andreessen Horowitz said on Monday it would be investing in Adam Neumann’s residential real estate company Flow, backing the WeWork Inc (NYSE:WE) co-founder who has often drawn criticism for his allegedly erratic management style.
DocGo (DCGO) Announces Redemption of Warrants
DocGo (NASDAQ:DCGO), which combined with Motion in November 2021, announced that it will redeem all of its outstanding warrants at 5 pm ET September 16 at a redemption price of $0.10 per warrant. ...READ MORE
The Latest SPAC News and Rumors: August 15, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Judge approves Asurion’s purchase of Enjoy Technology, Rumble sets new record for monthly active users, and e.GO
...READ MORE
10X Capital Venture II (VCXA) Terminates Deal with PrimeBlock
10X Capital II (NASDAQ:VCXA) announced this morning that it has mutually terminated its combination with crypto mining hardware firm PrimeBlock.
While the parties did not give a reason for terminating the deal just months after announcement, it is likely due to unfavorable market conditions as this marks the 6th termination in August thus far. ...READ MORE
SPAC IPO Terms Tracker: Flat Term Changes and Increased Terminations
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Breeze Holdings (BREZ) Terminates Deal with D-Orbit
Breeze Holdings Acquisition Corp. (NASDAQ:BREZ) announced late this afternoon that it has mutually terminated its combination with space logistics firm D-Orbit.
Tellingly, Breeze and D-Orbit cited market conditions as the reason for termination, which has become a common refrain for the SPAC market. ...READ MORE
Edoc Acquisition Corp. (ADOC) Terminates Calidi Biotherapeutics Deal
Edoc Acquisition Corp. (NASDAQ:ADOC) announced this afternoon that it has mutually terminated its combination with biotechnology firm Calidi Biotherapeutics, Inc.
This morning, Edoc filed an 8-K notifying shareholders that it had postponed its scheduled extension vote from 10AM to 8PM this evening. ...READ MORE
East Stone (ESCC) Adds Another $200M PIPE to ICONIQ Deal
East Stone Acquisition Corp. (NASDAQ:ESCC) has tacked on yet another $200 million to its PIPE for its combination with EV-maker ICONIQ, bringing the total PIPE now to $600 million.
As background, East Stone brought an estimated $33.5 million into the deal from its current trust and originally supplemented this with a $200 million PIPE at $10.26 per share from an unnamed investor. ...READ MORE
Broadscale Acquisition Corp. (SCLE) Terminates Voltus Deal
Broadscale Acquisition Corp. (NASDAQ:SCLE) announced this afternoon that it has mutually terminated its combination with software engineering platform Voltus.
On Monday, August 8, Voltus informed Broadscale that it would be unable to complete all actions necessary in order for its registration statements to be effective prior to its agreement end date. ...READ MORE
The Latest SPAC News and Rumors: August 12, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Rocket Lab proves its business model and will benefit from increase in military spending
Unlike Other Former SPACs, Rocket Lab is Already Science, Not Fiction
The small-satellite launcher has already proven its business model and will benefit from a post-Ukraine increase in military spending. ...READ MORE