The Latest SPAC News and Rumors: June 9, 2022

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

Latest SPAC News: D-Orbit signs contract with European Space Agency and Polestar begins delivering on EV partnership with Hertz

D-Orbit Signs Contract with the European Space Agency (ESA) for the Improvement of Production Capabilities Related to Space Transportation

D-Orbit, the space logistics and transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp. ...READ MORE

Forge (FRGE) Announces Redemption of Warrants

Forge Global (NYSE:FRGE) announced this morning that it will be calling its outstanding warrants and forward purchase warrants for shares to streamline its capital structure.

The public warrants are currently exercisable for an aggregate of 18,466,604 shares of common stock at a price of $11.50 per share. ...READ MORE

Globis (GLAQ) Delays Vote & Adds FPA to Forafric Deal

Globis Acquisition Corp. (NASDAQ:GLAQ) announced this morning in an 8-K that it has postponed its shareholder meeting and has added a new forward purchase agreement (“FPA”) to its combination with African agribusiness Forafric. ...READ MORE

Altitude (ALTU) Arranges Non-Redemption Agreement

Altitude Acquisition Corp. (NASDAQ:ALTU) announced this afternoon that it has entered into a non-redemption agreement alongside certain shareholders who supported the recent proposal to extend the time ALTU has to complete its initial business combination. ...READ MORE

Freedom I’s Sponsor Sells Entire Interest to NextG Tech Limited

Freedom Acquisition I Corp. (NYSE:FACT.U) announced this afternoon that a former member of its sponsor, LVS III SPE XLIII LP, has sold its entire interest to NextG Tech Limited.

Freedom I, which included PIMCO in the sponsor group, still has nearly nine months left to find an acquisition with a deadline date of March 2, 2023. ...READ MORE

The Latest SPAC News and Rumors: June 8, 2022

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

Latest SPAC News: Getaround expands operations in Seattle, Better faces whistle-blower lawsuit, and Voltus to provide distributed energy resources to relieve grid shortages in U.S.

Dynamics Special Purpose Corp. (DYNS) Shareholders Approve Senti Biosciences Deal

Dynamics (NASDAQ:DYNS) announced in an 8-K filing this afternoon that its shareholders have voted to approve its combination with Gene Circuit company Senti Biosciences in a special meeting held earlier today. ...READ MORE

Oaktree II (OACB) Shareholders Approve Alvotech Deal

Oaktree II (NYSE:OACB) announced that its shareholders have voted to approve its combination with biopharma company Alvotech in a special meeting held earlier today.

Today’s press release did not disclose redemption amounts, but OACB closed today at $9.86. ...READ MORE

The Latest SPAC News and Rumors: June 7, 2022

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

Latest SPAC News: Westrock Coffee reports 1Q results and upsizing of new credit facility, Polestar to debut first electric performance SUV, and Safe Harbor Financial closes senior secured loan to Solar Cannabis Co.

Tribe Capital Markets Resigns from Tribe Capital Growth Corp I (ATVC) Sponsor

Tribe Capital I (NASDAQ:ATVC) announced in an 8-K this morning that Tribe Capital Markets has resigned from its sponsor and will effectively transfer management of it to Arrow Multi Asset Fund. ...READ MORE

The Latest SPAC News and Rumors: June 6, 2022

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

Latest SPAC News: Solid Power aims to ship first solid-state battery cells by year-end to BMW, Ford

Solid Power aims to ship first solid-state battery cells by year-end to BMW, Ford

Solid Power, a developer of solid-state batteries for electric vehicles that combined with Decarbonization Plus III in December 2021, aims to begin shipping pre-production battery cells by year-end for validation testing by partners BMW and Ford Motor, the company said on Monday. ...READ MORE

SVF Investment Corp. 3 (SVFC) Shareholders Approve Symbotic Deal

SVF 3 (NASDAQ:SVFC) announced that its shareholders have voted to approve its combination with AI supply chain technology firm Symbotic in a special meeting held earlier today.

Today’s 8-K disclosed that holders of 27,459,854 Class A ordinary shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.00 per share. ...READ MORE

Altitude Acquisition Corp. (ALTU) Postpones Shareholder Vote

Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has postponed its special meeting to extend its timeline for an initial business combination.

The SPAC has 18 months to complete a business combination with a deadline of June 11, 2022 quickly approaching. ...READ MORE

The Latest SPAC News and Rumors: June 3, 2022

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

Latest SPAC News: Traveloka nears $200 million funding after SPAC talks

Traveloka is Said Near $200 Million Funding After SPAC Talks 

Traveloka, Southeast Asia’s biggest online travel startup, is close to raising more than $200 million from investors after ending talks to go public via a merger with a blank-check company last year, according to people familiar with the matter. ...READ MORE

Biotech Acquisition Company (BIOT) Postpones Shareholder Vote Again

Biotech Acquisition Company (NASDAQ:NAAC) announced this morning that it has for a second time postponed its special meeting to approve its combination with Blade Therapeutics.

This meeting was first pushed back from June 1 and the SPAC has not yet set a new date. ...READ MORE