The Latest SPAC News and Rumors: July 20, 2022

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

Latest SPAC News:  Frazier SPAC mulls merger with NewAmsterdam Pharma, Turkish mobility app Marti’s IPO announcement imminent, and leverage craze brings new ETF targeting SPACs

Frazier SPAC Is in Talks to Merge With NewAmsterdam Pharma

NewAmsterdam Pharma BV, a biotechnology company that aims to treat metabolic diseases, is in talks to go public through a merger with blank-check firm Frazier Lifesciences Acquisition Corp.(NASDAQ:FLAC), ...READ MORE

CC Neuberger II (PRPB) Shareholders Approve Getty Images Deal

CC Neuberger Principal Holdings II (NYSE:PRPB) announced this morning that its shareholders approved its combination with visual content marketplace Getty, at a special meeting July 19.

The parties did not disclose redemption figures in either their press release or initial 8-K on the vote. ...READ MORE

Fortune Rise Acquisition Corp (FRLA) Terminates VCV Power Sigma Deal

Fortune Rise Acquisition Corp. (NASDAQ:FRLA) announced in an 8-K this morning that it has mutually terminated its combination with crypto mining business VCV Power Sigma.

As with yesterday’s termination of Aesther Healthcare’s combination with United Gear, the merger was just weeks old, having been announced on May 3 with an outside date in November. ...READ MORE

East Resources Acquisition Company (ERES) Announces LOI

East Resources Acquisition Company (NASDAQ:ERES) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a vertically integrated alternative asset manager.

The SPAC did not provide a name of the asset manager, but noted that the target specializes in insurance products, with a focus on origination, asset management, valuation and servicing. ...READ MORE

Aesther Healthcare (AEHA) Terminates United Gear Deal

Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) announced this afternoon that it has mutually terminated its combination agreement with automotive component manufacturer United Gear & Assembly.

The termination comes just two weeks after AEHA secured a common stock purchase agreement and not even two months after deal announcement. ...READ MORE

Alpine Acquisition Corp. (REVE) Intends to Issue Dividend

Alpine Acquisition Corporation  (NASDAQ:REVE) announced this afternoon that it will issue a dividend to holders of Alpine’s common stock who do not seek redemption at its business combination with experiential entertainment company Two Bit Circus (“TBC”). ...READ MORE

The Latest SPAC News and Rumors: July 18, 2022

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

Latest SPAC News: Trump Media probe seeks info on private equity firm, Swvl sees more customers ditch cars for buses, and SatixFy introduces compact aero terminal

Trump Media Probe Seeks Information on Obscure Private Equity Firm

A federal probe of Donald Trump’s social media deal is putting a spotlight on Rocket One Capital, an obscure private equity firm with no obvious connection to the transaction beyond a board member. ...READ MORE

ArcLight Clean Transition Corp. II (ACTD) Inks New FPA Backstop

ArcLight Clean Transition Corp. II (NASDAQ:ACTD) announced in an 8-K filing this morning it has signed a forward purchase agreement to prevent 1,900,000 shares from being redeemed.

This is the second piece of news announced by ArcLight II this morning as it also disclosed this morning that its shareholders voted to approve its combination with OPAL Fuels at a shareholder vote on Friday. ...READ MORE

ArcLight Clean Transition Corp. II (ACTD) Shareholders Approve OPAL Fuels Deal

ArcLight Clean Transition Corp. II (NASDAQ:ACTD) announced that at a special meeting Friday its shareholders have approved its combination with renewable gas producer OPAL Fuels.

The parties’ press release included scant details and made no mention of redemption figures. ...READ MORE

Dune (DUNE) Rejects TradeZero’s Termination of Merger Agreement

Looks like the Delaware Courts are going to be busy this summer…

Dune Acquisition Corp. (NASDAQ:DUNE), which previously launched a lawsuit against its combination partner TradeZero, while Dune’s Board also recommended shareholders vote against this deal, is nonetheless rejecting TradeZero’s termination of their merger agreement. ...READ MORE

Waldencast Acquisition Corp. (WALD) Confirms $5M PIPE to OBAGI and Milk Deal

Waldencast Acquisition Corp. (NASDAQ:WALD) announced this afternoon that it has tacked on an additional $5 million PIPE for its combination with beauty brands OBAGI and Milk.

The PIPE investors will be subject to the same terms as the Initial PIPE Investors and have collectively subscribed for 500,000 shares of Waldencast Common Stock for an aggregate purchase price equal to $5 million. ...READ MORE

ITHAX Acquisition Corp. (ITHX) Shareholders Approve Mondee Deal

ITHAX Acquisition Corp. (NASDAQ:ITHX) announced that at a special meeting today its shareholders have approved its combination with technology-first travel marketplace company Mondee.

Approximately 75.13% of total outstanding shares voted at today’s meeting and the approval was supported by 69.63% of the shares. ...READ MORE

B. Riley Principal 150 Merger Corp. (BRPM) Shareholders Approve FaZe Clan Deal

B. Riley Principal 150 Merger Corp. (NASDAQ:BRPM) announced that at a special meeting today its shareholders have approved its combination with sports media platform FaZe Clan, which is expected to close Tuesday, July 19. ...READ MORE

Top 3 SPAC Targets – Agriculture

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

Crown PropTech (CPTK) Terminates PIPE

Crown PropTech (NYSE:CPTK) announced this afternoon that a PIPE investor, which was contributing $68 million, will terminate its funding in connection to its proposed merger with smart building solutions provider Brivo. ...READ MORE

The Latest SPAC News and Rumors: July 14, 2022

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

Latest SPAC News: Arrival may reduce up to 30% of its workforce in restructuring 

British EV firm Arrival may cut up to 30% of workforce in restructuring 

British electric vehicle company Arrival SA said on Tuesday it planned to reorganise its business, which could result in up to 30% reduction in its workforce. ...READ MORE

Global SPAC Partners Co. (GLSPT) Shareholders Approve Gorilla Technology Deal

Global SPAC Partners (NASDAQ:GLSPT) announced that its shareholders approved its combination with cybersecurity firm Gorilla Technology.

In connection with the vote, however, about 88.4% of Global SPAC shares were tendered for redemption. ...READ MORE