LightJump (NASDAQ:LJAQ) has entered into a definitive agreement to combine with science-based ingredients company Moolec Science at a proforma equity value of $504 million.
Warwickshire, United Kingdom-based Moolec develops animal proteins in plants using molecular farming, a scalable, affordable and sustainable technology that uses plants as small factories. ...READ MORE
Future Health (NASDAQ:FHLT) has entered into a definitive agreement to combine with medical technology company Excelera Health at an enterprise value of $459 million, or 1.3x its annualized Q1 2022 revenues. ...READ MORE
This week, we speak with Garrett Smallwood, CEO of Wag. Wag entered into an $350 million dollar combination agreement with CHW Acquisition Corporation (Nasdaq: CHWA) in February. It has created a marketplace for connecting pet owners to dog-walkers and other pet services near them that works like Uber, except for our furry friends. ...READ MORE
Virgin Group II (NYSE:VGII) announced that its shareholders have voted to approve its combination with sustainable home products-maker Grove in a special meeting held earlier today.
Today’s press release was short on details and did not disclose redemption numbers, but VGII traded below its trust value throughout its redemption deadline June 10, and closed today at $5.96. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
26 Capital Acquisition Corp. (NASDAQ:ADER) announced this morning that it has postponed its special meeting to approve its combination with gambling resort Okada Manila following a criminal and legal issue involving a former director of the company. ...READ MORE
Mountain Crest III (NASDAQ:MCAE) announced this afternoon that it has amended its merger agreement in connection to its proposed business combination with healthcare group ETAO.
As part of the amended merger agreement, Mountain Crest III has reduced ETAO’s valuation from $2.5 billion to just $1 billion due to unfavorable market conditions, ETAO’s financial statements, and its failure to close a private placement of its securities in the amount of $51 million that was scheduled to close on or before February 15, 2022. ...READ MORE
G Squared Ascend I Inc. (NYSE:GSQD) announced this afternoon that it has amended its business combination agreement and FPA in connection to its proposed merger with digital freight platform Transfix.
Under the amended business combination agreement, the parties have extended the outside date to November 3, 2022, increased the minimum cash closing condition from $150 million to $200 million, and permitted Transfix to enter into preliminary discussions to issue equity securities to third parties as consideration in an acquisition. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Electric Last Mile Solutions Inc. ...READ MORE
Biotech Acquisition Company (NASDAQ:BIOT) announced this morning that it has mutually terminated its combination agreement with biopharmaceutical firm Blade Therapeutics.
Although the parties did not disclose the reason for the deal termination, it is likely due to unfavorable market conditions or difficulty satisfying closing conditions. ...READ MORE
8i Acquisition 2 (NASDAQ:LAX) announced this afternoon that it has amended its Share Purchase Agreement in connection to its business combination with digital health firm EUDA to reduce its consideration payable, and limit the available earn-out payment. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Kacific Broadband Satellites Ltd. ...READ MORE
Globis Acquisition Corp. (NASDAQ:GLAQ) announced this morning that it has closed its combination with Moroccan agribusiness Forafric following a special shareholder meeting held yesterday.
Notably, Globis became just the second SPAC since May 1 to get to the finish line with less than 85% redemptions since May 1. ...READ MORE
Tuatara Capital Acquisition Corp. (NASDAQ:TCAC) announced that its shareholders have voted to approve its combination with cannabis software company springbig in a special meeting held earlier today.
The SPAC saw about 95.6% of its shares redeemed in connection with the vote however, leaving 876,194 public shares remaining, according to the 8-K it filed this morning. ...READ MORE
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among logistics enterprises. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Acri Capital Acquisition Corp. priced its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACACU” Friday, June 10, 2022.
The new SPAC intends to focus its search on identifying a prospective target in the technology-enabled industries in North America, namely within the geographic limits of the United States, Canada and Mexico. ...READ MORE
Silver Spike Acquisition Corp. II (NASDAQ:SPKB) announced this afternoon that it has mutually terminated its combination agreement with therapeutic psychedelic firm Eleusis.
Similar to a handful of other SPACs we’ve seen, Silver Spike II cited unfavorable market conditions as the key reason behind the termination. ...READ MORE
