The Latest SPAC News and Rumors: June 23, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Nikola founder Trevor Milton faces new fraud charge, and ProKidney publishes new data
Nikola founder Trevor Milton faces new fraud charge
U.S. ...READ MORE
Gores Guggenheim (GGPI) Shareholders Approve Polestar Deal
Gores Guggenheim (NASDAQ:GGPI) announced that its shareholders have voted to approve its combination with Swedish electric vehicle-maker Polestar in a special meeting held earlier today.
Holders of 61,968,987 shares of GGPI common stock were present in person or by proxy, representing 61.97% of the voting power, constituting a quorum for the transaction. ...READ MORE
The Latest SPAC News and Rumors: June 22, 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 launch contract with Isar Aerospace and Rezolve partners with ACI Worldwide
D-Orbit Signs Launch Contract With Isar Aerospace
D-Orbit, the space logistics and orbital transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp. ...READ MORE
Podcast: Semantix GM Andre Frederico & Alpha Capital’s Rafael Steinhauser
This week, we speak with Andre Frederico, general manager for Latin American data firm Semantix and Rafael Steinhauser, co-founder and CEO of Alpha Capital Acquisition Company (Nasdaq: ASPC).
Semantix entered into an $693 million dollar combination agreement with Alpha Capital Acquisition Company in November 2021. ...READ MORE
The Latest SPAC News and Rumors: June 21, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Payment technology company Paya explores sale, Wag! announces promotion with Tractor Supply and Petsense, and Gelesis announces $15M pre-order for Plenity
Payment Technology Company Paya Is Said to Explore Sale
Paya Holdings Inc. ...READ MORE
Gores Guggenheim (GGPI) Announces Low Redemptions Ahead of Vote
Gores Guggenheim (NASDAQ:GGPI) announced this morning that it expects to provide $850 million in proceeds to its target company Polestar ahead of its vote to complete the deal scheduled for tomorrow, June 22. ...READ MORE
Freedom Acquisition 1 (FACT) Announces $1Bn LOI with Human Longevity
Freedom Acquisition 1 (NYSE:FACT) announced over the long weekend that it has signed a non-binding letter of intent (LOI) to combine with genome sequencing firm Human Longevity, Inc. valued at $1 billion. ...READ MORE
SPAC IPO Terms Tracker: Sailing into Juneteenth Weekend
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GO Acquisition Corp. (GOAC) to Liquidate Trust
GO Acquisition Corp. (NYSE:GOAC) announced that it will no longer pursue an initial business combination before its transaction deadline of August 7 and will therefore liquidate its trust.
The SPAC will begin the process of redeeming its common stock and returning capital back to its investors as promptly as practicable following, but not more than 10 business days after, its deadline of August 7, 2022. All ...READ MORE
EJF Acquisition Corp. (EJFA) Shareholders Approve Pagaya Deal
EJF Acquisition Corp. (NASDAQ:EJFA) announced this afternoon that its shareholders have voted to approve its combination with Israeli fintech firm Pagaya in a special meeting held earlier today.
Although today’s press release was short on details and did not disclose redemption numbers, EJFA traded slightly above its trust value of $10 throughout its redemption deadline June 15. ...READ MORE
Northern Lights (NLIT) Adds Backstops of Up to $50M to Safe Harbor Deal
Northern Lights (NASDAQ:NLIT) has entered into a redemption backstop agreement for up to $50 million with cannabis fintech provider Safe Harbor to help ensure the maximum redemption threshold condition is met. ...READ MORE
Ackman Files Revised S-1 for SPARC
We finally got a new amendment to Bill Ackman’s previously filed Pershing Square SPARC Holdings, allowing us to see the latest iteration of his “new and improved” SPARC product.
If you recall, the first iteration of the SPARC was debuted last summer when Ackman announced his deal with Universal Music Group (“UMG”). ...READ MORE
The Latest SPAC News and Rumors: June 17, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Circle launches euro-based version of USDC stablecoin, Rumble proposes open-source moderation policy, and LATAM Cargo goes live on WebCargo
As USDC Stablecoin Gains Momentum, a Euro Version Is On Its Way
Circle Internet Financial Ltd. ...READ MORE
Top 3 SPAC Targets – Sports
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among sports-focused companies. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
The Latest SPAC News and Rumors: June 16, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Crypto-SPAC deals stuck in SEC limbo, Binance’s CEO says $200M Forbes deal is ‘changing’ and Vision Deal gets nod as Hong Kong’s second SPAC
Crypto-SPAC Deals Stuck in SEC Limbo as Token Demand Plunges
Crypto companies that have been trying to go public since last year’s boom remain stuck in a lengthy back-and-forth with US regulators, adding to the pile of challenges facing the industry. ...READ MORE