FAST II (NYSE:FZT) has entered into a definitive agreement to combine with entertainment company Falcon’s Beyond at an enterprise value of $1 billion, or 6.7x its 2024E EBITDA.
Orlando, Florida-based Falcon’s Beyond is an experiential entertainment developer focused on themed resorts and attractions using both proprietary and partnered intellectual property (IP). ...READ MORE
Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ) announced this morning that it has added $15 million to its business with energy storage firm Dragonfly Energy.
The new money comes in the form of a Stock Purchase Agreement with THOR Industries, Inc. ...READ MORE
Ace Global (NASDAQ:ACBA) announced this morning that it has mutually terminated its combination agreement with digital cooking content platform DDC, effective immediately.
Similar to most SPACs that have recently terminated their deals this year, Ace Global has also cited unfavorable market conditions. ...READ MORE
Social Capital Suvretta Holdings Corp. III (NASDAQ:DNAC) announced this morning that its shareholders approved its combination with drug developer ProKidney at a special meeting held yesterday afternoon.
An 8-K that was also filed this morning disclosed that 22,829,769 of DNAC ordinary shares were presented for redemption, representing 91.319% of DNAC’s trust. ...READ MORE
Pershing Square Tontine Holdings (NYSE:PSTH) announced this afternoon that it will be liquidating its trust and redeeming all outstanding shares of common stock effective as of July 26, 2022.
The SPAC was unable to complete a business combination within its timeline of 24 months from the closing of its record $4 billion IPO on July 24, 2020. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Investors piled back into stocks tied to former President Donald Trump after Elon Musk abandoned his planned purchase of Twitter Inc. ...READ MORE
Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) (“AHAC”) announced this afternoon that it has entered into a Common Stock Purchase Agreement with White Lion Capital, LLC in connection to its combination with automotive component manufacturer United Gear & Assembly. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The head of one of Tanzania’s biggest firms, Mohammed Dewji, said he plans to float an agriculture company worth up to $4 billion in New York or London next year, with money raised mainly from development banks. ...READ MORE
Global SPAC Partners (NASDAQ:GLSPT) has confirmed the $41.9 million PIPE for its combination with edge computing firm Gorilla, and waived the minimum cash condition of $50 million.
The funding comes from experienced AI institutional investors that have agreed to purchase 4.15 million PIPE subunits, at a price of $10.10 per subunit. ...READ MORE
ACE Convergence Acquisition Corp. (NASDAQ:ACEV) announced this morning that it will issue additional shares to PIPE investors as it works towards closing its combination with electronics manufacturer Tempo Automation.
PIPE investors are to receive up to 2,000,000 additional shares on a pro rata basis according to a formula based on the combined company’s VWAP in the 30 days following its resale shelf effectiveness date. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Alliance Entertainment Holding Corporation (“Alliance Entertainment”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, today announced the July 1, 2022, closing on the acquisition of Think 3Fold, a distributor of toys and collectibles. ...READ MORE
In a usual move this afternoon, Gobi Acquisition Corp. (Nasdaq: GOBI) filed a proxy for a shareholder vote, but it’s not to extend its deadline. Instead, Gobi intends to shrink its timeline so it can liquidate early. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SatixFy Communications Ltd. ...READ MORE
Benessere (NYSE:BENE) announced this morning that it has extended the redemption deadline in connection with its upcoming extension vote to 5 pm ET today.
Shareholders are set to vote at a special meeting at noon tomorrow, July 7, to extend the SPAC’s transaction deadline from July 7 to January 7, 2023. ...READ MORE
Social Capital Suvretta Holdings Corp. III (NASDAQ:DNAC) announced in an 8-K this morning that it intends to adjourn its 10 am ET special meeting to complete its combination with drug developer ProKidney and reconvene on a later unspecified date. ...READ MORE
This week, we speak with Nic Radford, Founder and CEO of Nauticus Robotics and Eli Spiro, CEO of CleanTech Acquisition Corp (Nasdaq: CLAQ).
The two announced a $377 million dollar combination agreement in December of 2021. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Virgin Orbit (NASDAQ:VORB) has ticked off another milestone for its fledgling launch business, successfully carrying out its first night-time mission over the weekend and deploying satellites into low-Earth orbit. ...READ MORE
