The Latest SPAC News and Rumors: October 17, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Trump Media fires whistleblowers after sharing SEC complaint, Lavin Group revenue up 73% in 1H22, and Southland awarded $155M
Trump Media Fires Whistleblower After He Shares SEC Complaint Detailing Securities Violation
Trump Media & Technology Group (TMTG), which owns the Truth Social platform, lost no time in firing Will Wilkerson after he shared with the Washington Post a whistleblower complaint he filed with the SEC in August. ...READ MORE
Primavera Capital Acquisiton Corporation (PV) Adds $50m in Lanvin Group Deal Tweak
Primavera Capital (NYSE:PV) announced that it has added $50 million in committed funding to its combination with the Lanvin Group amid other changes to the transaction.
Meritz Securities (KS:008560) agreed to provide the financing in a private placement and may invest an additional $15 million via a PIPE. ...READ MORE
Blockchain Moon Acquisition Corp. (BMAQ) to Combine with DLTx ASA in $163M Deal
Blockchain Moon (NASDAQ:BMAQ) has entered into a definitive agreement to combine with Web 3.0 infrastructure builder DLTx ASA (OSX:DLTX) at an enterprise value of $163.3 million, or 85x its 2021 revenue. ...READ MORE
eCombustible Terminates Deal with Benessere (BENE)
Benessere (NYSE:BENE) announced in an 8-K this morning that its merger target eCombustible has terminated the pair’s combination agreement.
This comes as Benessere has just a few weeks until its November 7, 2022 transaction deadline and it has seen 39.8% of shares redeemed through two previous extensions. ...READ MORE
SPAC IPO Terms Tracker: Three IPOs This Past Week
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H.I.G. Acquisition Corp. (HIGA) to Liquidate Trust
H.I.G. Acquisition Corp. (NYSE: HIGA) announced this afternoon that its board of directors has decided to redeem all of its outstanding shares.
The SPAC, which had a transaction deadline of October 23, was unable to complete a business combination and will now liquidate its trust, effective as of October 24. ...READ MORE
The Latest SPAC News and Rumors: October 14, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: PlayStudios to acquire Branium for $70M, Aspiration CEO Cheren steps down as SPAC merger faces delay, and Southland awarded $243M contract
PlayStudios to acquire casual game developer Branium for at least $70M
Through the deal, PlayStudios (NASDAQ:MYPS) will add a number of popular casual games such as solitaire, sudoku and mahjong to its portfolio. ...READ MORE
Hudson Acquisition I Corp. (HUDAU) Prices $60M IPO
Hudson Acquisition I Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HUDAU” Friday, October 14, 2022.
The new SPAC intends to identify a well-established target focused on fintech, consumer, medical, or advanced mobility technology. ...READ MORE
SportsTek Acquisition Corp. (SPTK) Signs LOI with Metavisio
SportsTek Acquisition Corp. (NASDAQ:SPTK) announced this morning that it has entered into a non-binding letter-of-intent to combine with a computer-maker Metavisio (PA:ALTHO) at an enterprise value of $140 million to $160 million. ...READ MORE
Where Are They Now? – OneSpaWorld
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributors Anthony Sozzi and Sam Beattie. ...READ MORE
TenX Keane Acquisition (TENKU) Prices $60M IPO
TenX Keane Acquisition priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TENKU” Friday, October 14, 2022.
The new SPAC intends to pursue a broad range of opportunities that have a strong and experienced management team. ...READ MORE
OceanTech Acquisitions I Corp. (OTEC) Terminates Captura Biopharma Deal
OceanTech Acquisitions I Corp. (NASDAQ:OTEC) announced this morning that it has mutually terminated its combination with drug developer Captura Biopharma.
The parties did not disclose any further details on the termination of the $224 million deal, which was originally announced just two months ago in August, but it is likely that current public market conditions played a role. ...READ MORE
Pine Island Acquisition Corp. (PIPP) to Liquidate Trust
Pine Island Acquisition Corp.(NYSE:PIPP) announced this afternoon that it intends to dissolve and liquidate its trust due to its inability to complete a business combination, effective as of the close of business on October 28. ...READ MORE
Hunt Companies Acquisition Corp. I (HTAQ) to Liquidate Trust
Hunt Companies Acquisition Corp. I (NYSE:HTAQ) announced this afternoon that due to its inability to complete a business combination, it intends to dissolve and liquidate its trust.
The last day that HTAQ’s securities will trade on the NYSE will be October 31. ...READ MORE
Gladstone Acquisition Corp. (CLEE) Sponsor Sells Entire Interest to DarkPulse, Inc.
Gladstone Acquisition Corp. (NASDAQ: GLEE) has sold all of its sponsor economics to DarkPulse, Inc., which includes 2,623,120 shares of Class B Common Stock and 4,298,496 warrants each of which is exercisable to purchase one share of Class A Common Stock from the original sponsor, for $1,500,000. ...READ MORE
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.