The Latest SPAC News and Rumors: August 1, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Nikola buys Romeo Power for 11% of SPAC valuation, Morgan Stanley’s top SPAC banker exits for Elliott, and SeaStar Medical reports successful treatment
Nikola Buys Romeo Power for 11% of Battery Maker’s SPAC Valuation
Nikola Corp. ...READ MORE
RedBall Acquisition Corp. (RBAC) to Liquidate Trust
RedBall Acquisition Corp. (NYSE:RBAC) announced over the weekend that it will not complete a transaction before its August 17 deadline and it intends to liquidate its trust.
Its shares will cease trading on August 16 and the SPAC is set to return about $10.02 per share to investors shortly after this date. ...READ MORE
SPAC IPO Terms Tracker: IPO Drought for July
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ACE Convergence (ACEV) Files Changes to Tempo/Compass Deal
ACE Convergence (NASDAQ:ACEV) announced this afternoon that its target, electronics manufacturer Tempo Automation, has terminated its merger agreement with Compass Diversified Holdings (NYSE: CODI).
Concurrent with the business combination, Tempo had originally planned to acquire 100% of the issued and outstanding equity interests in Compass AC Holdings, Inc. ...READ MORE
Mountain Crest III (MCAE) Terminates PIPE
Mountain Crest III (NASDAQ:MCAE) and a PIPE investor have mutually terminated a $250 million investment in connection to its proposed merger with healthcare group ETAO.
The investor, SME Investment Group Co., ...READ MORE
The Latest SPAC News and Rumors: July 29, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Playtech no longer pursuing SPAC deal with Caliente and NewAmsterdam Pharma doses first patient in phase 3 trial
Playtech says no longer pursuing SPAC deal for unit of peer Caliente
UK gambling software provider Playtech said on Friday it had stopped pursuing talks with Caliente Interactive for the Mexican sports betting firm’s unit Caliplay to list publicly in the United States via a SPAC deal, citing weak capital market conditions. ...READ MORE
Podcast: Jim Zukin Discusses the Reasonable Basis Review (“RBR”) for SPACs
We spoke with Jim Zukin, the CEO & Chairman of Zukin Certification Services, and former Co-Founder of Houlihan Lokey, about his new product – the Reasonable Basis Review, or “RBR”. ...READ MORE
Top 3 SPAC Targets – Metals
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies on the supplying the world’s new and existing metals resources. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
CHW Acquisition Corp. (CHWA) Shareholders Approve Wag Deal
CHW Acquisition Corp. (NASDAQ:CHWA) announced in a press release this afternoon that its shareholders have approved its combination with dog-care service platform Wag at a special meeting held earlier today.
A total of 13,050,501 ordinary shares, or 83.19% of CHW Acquisition Corporation’s issued and outstanding ordinary shares, were present at today’s meeting. ...READ MORE
The Latest SPAC News and Rumors: July 28, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Semantix highlights achievements in first half of 2022, DPCM announces quantum computing audio feature, and Harley-Davidson delivers second quarter results
Semantix Highlights Achievements in First Half of 2022
Semantix, Latin America’s first fully integrated data platform, announced today that the company has seen significant business momentum in the first half of 2022. ...READ MORE
Brookline Capital (BCAC) Shareholders Approve Apexigen Deal
Brookline Capital (NASDAQ:BCAC) announced in an 8-K this morning that its shareholders approved its combination with Apexigen at a special meeting July 27.
The filing did not include redemption figures, but the transaction also did not have a minimum cash condition beyond listing requirements. ...READ MORE
Duddell Street (DSAC) Shareholders Approve FiscalNote Deal
Duddell Street (NASDAQ:DSAC) announced this afternoon that its shareholders approved its combination with legal and regulatory data provider FiscalNote at a special meeting held earlier today.
The press release did not provide details on redemption amounts, but DSAC traded above its trust value of $10 throughout its redemption deadline, July 25. ...READ MORE
SCVX Corp. (SCVX) to Liquidate Trust
SCVX Corp. (NYSE:SCVX) announced this afternoon that it will be redeeming all outstanding shares and liquidating its trust, effective as of August 11, 2022.
SCVX originally had 24 months on its transaction timeline to complete a business combination. ...READ MORE