SPAC IPO Terms Tracker: Halfway through the Month
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The Latest SPAC News and Rumors: May 13, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Martin Franklin warns of more pain to come for SPACs, ShiftPixy announces special distribution of shares of Industrial Human Capital, and Betclic owner targets €7B Amsterdam listing
SPAC Pioneer Franklin Sees More Pain Coming for Blank-Check Bets
Serial blank-check investor Martin Franklin is warning of more pain to come for SPACs, recommitting to his notion that the market for the vehicles is overheated and should be governed by the same guidelines as initial public offerings. ...READ MORE
Lionheart II (LCAP) Secures Funded & Committed Equity Facilities for MSP Recovery Deal
Lionheart Acquisition Corp. II (NASDAQ:LCAP) announced this morning that it has secured a funded and committed equity facility with an affiliate of Cantor.
As background, Lionheart II entered into a definitive agreement to combine with medical billing firm MSP Recovery at an enterprise value of $32.6 billion back in July 2021. ...READ MORE
Kingswood Acquisition Corp. (KWAC) Signs LOI with Wentworth Management Services
Kingswood (NASDAQ:KWAC) announced this morning that it has entered into a non-binding letter of intent (LOI) to combine with broker dealer service platform Wentworth ahead of an extension vote.
Wentworth describes itself as a “special purpose vehicle to acquire and hold interests in broker dealers” with a long-hold strategy meant to capture economies of scale to serve financial institutions and advisors. ...READ MORE
Top 3 SPAC Targets – Discretionary Spending
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies gaining a boost from post-pandemic leisure spending. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
OTR Acquisition Corp. (OTRA) Shareholders Approve Comera Life Sciences Deal
OTR Acquisition Corp. (NASDAQ:ORTA) filed an 8-K this afternoon with the results of its shareholders vote to approve its combination with biotech firm Comera Life Sciences in a special meeting held on Tuesday. ...READ MORE
Prime Number Acquisition I Corp. (PNACU) Prices $60M IPO
Prime Number Acquisition I Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PNACU” Friday, May 13, 2022.
The new SPAC intends to focus its search on the technology-enabled financial sectors or related industries that have a strong management team. ...READ MORE
The Latest SPAC News and Rumors: May 12, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Lordstown Motors and Foxconn enter JV agreement for EV development, D-Wave delivers industry-first hybrid solver, and Gogoro releases 1Q results
Lordstown Motors and Foxconn Close Asset Purchase Agreement and Enter into JV Agreement for MIH Based EV Development
Lordstown Motors Corp. ...READ MORE
The Latest SPAC News and Rumors: May 11, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: French media group Banijay to go public via Arnault-backed SPAC, Gensler says SPAC retreat shows concern about risk, and Gogoro to launch in Israel
French TV Producer Banijay to Go Public Via Arnault-Backed SPAC
French media group Banijay will go public through a merger with a blank-check acquisition firm backed by billionaire Bernard Arnault in a deal worth more than 4 billion euros ($4.21 billion), an executive at its parent company said on Tuesday. ...READ MORE
Chicken Soup for the Soul (CSSE) Acquires Redbox (RDBX) in All-Stock Deal
Redbox (NASDAQ:RDBX) has agreed to be acquired by Chicken Soup for the Soul Entertainment (NASDSAQ:CSSE) in an all-stock deal just over six months after Redbox closed a SPAC deal with Seaport Global. ...READ MORE
Monterey Capital Acquisition Corp. (MCACU) Prices Downsized $80M IPO
Monterey Capital Acquisition Corp. priced its downsized $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MCACU” Wednesday, May 11, 2022.
The new SPAC intends to combine with prospective targets focused on the clean transition economy with enterprise values of approximately $250 million to $1 billion. ...READ MORE
Lionheart II (LCAP) Declares New Warrants as Form of Dividend
Lionheart II (NASDAQ:LCAP) as part of their business combination with MSP Recovery, announced this afternoon that it had declared their dividend in the form of 1,029,000,000 new warrants at $11.50 per share to non-redeeming shareholders. ...READ MORE
The Latest SPAC News and Rumors: May 10, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Goldman Sachs and BofA scale back on SPACs, and American Express Global Business Travel announces first quarter earnings date
Goldman Sachs and Other Big Banks Hit SPAC Pause Button as Market Shifts and New Regulations Loom
Goldman Sachs Group Inc. ...READ MORE
Artisan Acquisition Corp. (ARTA) Shareholders Approve Prenetics Deal
Artisan (NASDAQ:ARTA) announced this afternoon that its shareholders have voted to approve its combination with genomic and diagnostic testing company Prenetics Group Limited in a special meeting held yesterday.
Although today’s 8-K filing did not disclose redemption numbers, ARTA traded above its trust value throughout its redemption deadline May 5, and saw a high of $10.10 yesterday. ...READ MORE