The Latest SPAC News and Rumors: September 16, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Byju’s delayed audit shows widening losses and ProSomnus announces availability of insurance reimbursement
Byju’s reports widening losses after prolonged audit delayed
Indian education provider Byju’s finally released audited financial statements after months of delay, but the disclosures are unlikely to resolve the swirl of controversy around the country’s most valuable startup. ...READ MORE
Inflection Point Acquisition Corp. (IPAX) to Combine with Intuitive Machines in $815M Deal
Inflection Point (NASDAQ:IPAX) has entered into a definitive agreement to combine with space services company Intuitive Machines at an enterprise value of $815 million, or 2.8x its 2023E revenue.
Houston, Texas-based Intuitive Machines has designed a moon lander for future NASA missions as well as other aerospace products. ...READ MORE
Top 3 SPAC Targets – Energy Infrastructure
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies operating or building out energy infrastructure. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Recharge Acquisition Corp. (RCHG) to Liquidate Trust
Recharge Acquisition Corp. (NASDAQ:RCHG) announced this afternoon that it intends to dissolve and liquidate its trust after being unable to complete a business combination.
The SPAC had a transaction deadline set for October 5, but will now redeem all of its outstanding shares of Class A common stock issued as part of the units sold in its IPO at a per-share redemption price of approximately $10.12. As ...READ MORE
CF Acquisition Corp. VI (CFVI) Shareholders Approve Rumble Deal
CF Acquisition Corp. VI (NASDAQ:CFVI) announced in a press release this afternoon that its shareholders approved its combination with social video platform Rumble at a special meeting held earlier today.
The SPAC disclosed that only 0.1% of the 30 million CFVI public shares were redeemed in connection with the meeting, marking the best redemption result of the year to-date. ...READ MORE
TPB Acquisition Corporation I (TPBA) to Combine with Lavoro in $1.2Bn Deal
TPB Acquisition Corp I (NASDAQ:TPBA) has entered into a definitive agreement to combine with agritech business Lavoro, at an enterprise value of $1.22 billion, or 7.1x its 2022E EBITDA.
Sao Paulo, Brazil-based Lavoro is a diversified omnichannel seller of agricultural inputs in Brazil and the Latin American region more broadly. ...READ MORE
The Latest SPAC News and Rumors: September 15, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Saxo Bank explores Amsterdam listing with SPAC, FaZe Clan enters Metaverse in partnership with The Sandbox, and Graphjet-Energem SPAC collaborates with MIT
Saxo Bank Explores Amsterdam Listing with SPAC Deal
Denmark-headquartered broker, Saxo Bank announced its intentions on Thursday to become a public company by merging with the blank-check company, Disruptive Capital Acquisition Company Limited (DCAC). ...READ MORE
Altus Power (AMPS) Calls All Outstanding Warrants
Altus Power (NYSE:AMPS) announced this morning that it will redeem all public and private placement warrants at $0.10 per warrant and all must be exchanged by October 14 at 5 pm ET. ...READ MORE
Delwinds Insurance (DWIN) Shareholders Approve FOXO Deal
Delwinds Insurance (NYSE:DWIN) announced in an 8-K this morning that its shareholders approved its combination with insurtech firm FOXO at a special meeting September 14.
The SPAC had already tipped on Tuesday that 99.5% of its shares were redeemed in connection with the vote. ...READ MORE
Ventoux CCM (VTAQ) Shareholders Approve Presto Deal
Ventoux CCM Acquisition Corp. (NASDAQ:VTAQ) announced in a press release this afternoon that its shareholders have approved its combination with restaurant management software provider Presto at a special meeting held earlier today. ...READ MORE
The Latest SPAC News and Rumors: September 14, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ambipar buys Witt O’Briens for $161.5M, SPAC winter spreads to Middle East with two deals delayed, and Wag!
...READ MORE
Maxpro Capital Acquisition Corp. (JMAC) to Combine with Apollomics
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Kensington Capital IV (KCA.U) Shareholders Approve Amprius Deal
Kensington Capital Acquisition Corp. IV (NYSE:KCAC) announced in an 8-K this morning that its shareholders have approved its combination with battery-maker Amprius with better-than-average redemptions.
At a special meeting September 13, Kensington IV shareholders voted to approve the deal with about 71.8% redeeming shares in connection with the vote. ...READ MORE
Alpha Star Acquisition Corp. (ALSA) Signs LOI
Alpha Star Acquisition Corp. (NASDAQ:ALSA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with global payments and SaaS provider Cyclebit Group.
Founded in 2012, Cyclebit builds technology across the payments sector including card acquiring, point-of-sale services and marketplace solutions. ...READ MORE
The Latest SPAC News and Rumors: September 13, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Grindr names George Arison CEO as it prepares for public debut, Getaround partners with GO, and Plastiq expands short-term financing offering
Grindr Names George Arison CEO as It Prepares for Public Debut
Grindr LLC, the dating app that specializes in connections for the LGBTQ+ community, has named George Arison its new chief executive officer, fulfilling a pledge to appoint someone who identifies with that group to lead the company as it prepares to go public. ...READ MORE
Delwinds Insurance (DWIN) Pre-Announces Redemptions, Listing Change
Delwinds Insurance (NYSE:DWIN) announced this morning that it has received requests to redeem 99.5% of its shares and it is transferring its listing to the NYSE American exchange.
The SPAC noted that it had received requests for to redeem 10,991,407 as of its redemption deadline at 5:00 pm September 12. ...READ MORE
Adit EdTech (ADEX) Announces $200M Share Purchase Agreement for Griid Deal
Adit EdTech (NYSE:ADEX) announced this afternoon that it has inked a share purchase agreement with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited that will provide up to $200 million to its combination with bitcoin self-mining company Griid Infrastructure. ...READ MORE
Alset Capital Acquisition Corp. (ACAX) to Combine with HWH International
Alset Capital (NASDAQ:ACAX) has entered into a definitive agreement to combine with lifestyle company HWH International.
Bethesda, Maryland-based HWH offers a range of perks via a membership program aimed at wellness, travel and VR experiences. ...READ MORE