The Latest SPAC News and Rumors: July 27, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SomaLogic acquires DNA nanotech leader Palamedrix and Faraday Future delays launch of its electric vehicle

SomaLogic acquires DNA nanotechnology leader Palamedrix to develop the next-generation SomaScan Assay

SomaLogic (NASDAQ: SLGC), a leader in AI data-driven proteomics technology, today announced it entered into an agreement to acquire Palamedrix, Inc., ...READ MORE

The Latest SPAC News and Rumors: July 26, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Ginkgo Bioworks to acquire Zymergen, Falcon’s Beyond partners with BRON Studios, and Jupiter Wellness announces repayment agreement with Benuvia

Ginkgo to Acquire Zymergen

Today, Ginkgo Bioworks (NYSE: DNA) — the leading horizontal platform for cell programming — and the biotechnology company Zymergen (Nasdaq: ZY) announced they have entered into a definitive agreement under which Ginkgo will acquire Zymergen in an all-stock transaction that values Zymergen at an approximately $300 millionmarket capitalization. ...READ MORE

Waldencast Acquisition Corp. (WALD) Shareholders Approve OBAGI and Milk Deal

Waldencast Acquisition Corp. (NASDAQ:WALD) announced in an 8-K that its shareholders approved its combination with beauty brands OBAGI and Milk at a special meeting July 25.

In connection with the vote, 30,021,946 shares (87%) were redeemed, removing about $301 million from its trust. ...READ MORE

Abri SPAC I (ASPA) Terminates Apifiny Deal

Abri SPAC I, Inc. (NASDAQ: ASPA) announced this afternoon that it has mutually terminated its combination with blockchain technology company Apifiny Group.

Abri I intends to seek an alternative business combination. And while Abri I currently has a transaction deadline of August 12, it is able to extend its original 12 months timeline two times (2x) for three months each by contributing $0.10 per share to its trust each time. ...READ MORE

The Latest SPAC News and Rumors: July 25, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Martin Franklin in talks to list new SPAC in London, Wag!

Two Former SPACs Heat Up the M&A Market

Ginkgo Bioworks Inc. (NYSE: DNA), the cell programming company which previously combined with Soaring Eagle Acquisition Corp. in September of 2021, announced this morning that it would be buying the biotech company Zymergen (Nasdaq: ZY), in an all-stock transaction. ...READ MORE

Gobi Acquisition Corp. (GOBI) to Liquidate Trust

Gobi Acquisition Corp. (Nasdaq:GOBI) announced this afternoon that its shareholders have approved its move to shrink its timeline and the SPAC now intends to liquidate its trust.

The Trust Amendment Proposal was overwhelmingly approved with 30,526,358 shares in favor of changing the date of the liquidation with just 783 shares against it. ...READ MORE

Perella Weinberg (PWP) Launches Warrant Exchange Offer

Perella Weinberg Partners (NASDAQ:PWP) announced this morning that it is offering to exchange all outstanding warrants for 0.20 shares of company stock.

The move would issue 1,573,995 shares to warrantholders should all accept the offer. ...READ MORE

Top 3 SPAC Targets – Africa

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies on the African continent. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

Aries I Acquisition Corp. (RAM) Extends Outside Date

Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has extended its outside date and increased its equity value in connection to its business combination with metaverse infrastructure platform, InfiniteWorld. ...READ MORE

The Latest SPAC News and Rumors: July 21, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  FaZe Clan goes public in $725 million SPAC

FaZe Clan goes public in $725 million SPAC, but Gen Z creator economy stock sinks in debut

Digital entertainment and esports brand FaZe Clan (NASDAQ:FAZE) began trading on the Nasdaq Wednesday after completing a SPAC merger with B. ...READ MORE