The Latest SPAC News and Rumors: August 18, 2022

Aug 18, 2022 INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Audit committees urged to keep tabs on SPAC reporting, and Singapore’s Grab forms alliance with rivals to shape gig workers law

Audit Committees Urged to Keep Tabs on SPAC Reporting, Turnover

The US audit regulator, the Public Company Accounting Oversight Board, released on Wednesday a list of questions and topics that corporate boards should consider reviewing with their auditor.

Software Acq. Group III (SWAG) Arranges Common Stock Purchase Agreement

Aug 18, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Software Acquisition Group Inc. III (NASDAQ:SWAG) announced this morning that it intends to enter into a purchase agreement with a financial institution in connection with its combination with Commerce-as-a-Service technology provider Nogin. ...READ MORE

Podcast: Nogin Co-Founder/CEO Jan-Christopher Nugent & SWAG’s Jon Huberman

Aug 18, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with Jan-Christopher Nugent, Co-Founder and CEO of Nogin and Jon Huberman, Chairman, CEO and CFO of Software Acquisition Group Inc. III (Nasdaq: SWAG). The two announced a $658 million combination agreement in February of 2022. ...READ MORE

The Latest SPAC News and Rumors: August 17, 2022

Aug 17, 2022 INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Aspiration launches Carbon Opportunities Fund, Digital World postpones earnings amid investigations, and Polestar announces new electric vehicle

Carbon Opportunities Fund Launches First-of-its-Kind Investment Platform to Issue Tokenized Carbon Credits

The International Finance Corporation, Cultivo, Aspiration, and Chia Network, today announced the launch of the Carbon Opportunities Fund (the Fund), a global investment platform that will raise private capital for an innovative model to source, tokenize and sell high-quality, verified carbon credits. ...READ MORE

FAST (FST) Reaches Interim Agreement in Special Opportunities Suit

Aug 17, 2022 Deal Announcements & Amendments, INTEL, SPACs in the News by Nicholas Alan Clayton

FAST Acquisition Corp (NYSE: FST) announced this morning that it has come to a partial agreement with regard to the suit brought by Special Opportunities Fund (NYSE:SPE) over the distribution of the SPAC’s funds in its upcoming liquidation. ...READ MORE

MarketWise (MKTW) Launches Exchange Offer for Warrants

Aug 17, 2022 Deal Announcements & Amendments, INTEL, SPACs in the News by Nicholas Alan Clayton

MarketWise (NASDAQ:MKTW), which combined with Ascendant Digital in July 2021, has launched an offer to exchange all outstanding warrants for 0.1925 shares each.

At the company’s current share price of $4.08, this amounts to a value of $0.79662 per warrant. ...READ MORE

Podcast: Scott Ford, CEO & Co-Founder of Westrock Coffee

Aug 17, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week we speak with Scott Ford, CEO and Co-Founder of Westrock Coffee.

Westrock entered into a $1.1 billion combination agreement with Riverview Acquisition Corp. (Nasdaq: RVAC) in April of 2022, and has grown into the #1 wholesale provider of coffee and tea to US restaurants. ...READ MORE

Crown PropTech (CPTK) Receives Notice of Brivo Termination

Aug 16, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Crown PropTech (NYSE:CPTK) filed an 8-K this afternoon revealing that its target Brivo intends to terminate their combination agreement.

Last week, Crown received a notice of election from Brivo, that the building solutions provider had elected to terminate the deal since it had not been completed by August 9, the “Outside Date”. ...READ MORE

The Latest SPAC News and Rumors: August 16, 2022

Aug 16, 2022 INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Andreessen Horowitz backs Adam Neumann’s real estate firm Flow, and Babylon said to mull take-private not long after SPAC deal

Silicon Valley Giant Andreessen Horowitz Backs Adam Neumann’s Real Estate Firm Flow

Venture capital giant Andreessen Horowitz said on Monday it would be investing in Adam Neumann’s residential real estate company Flow, backing the WeWork Inc (NYSE:WE) co-founder who has often drawn criticism for his allegedly erratic management style.

DocGo (DCGO) Announces Redemption of Warrants

Aug 16, 2022 Deal Announcements & Amendments, INTEL, SPACs in the News by Nicholas Alan Clayton

DocGo (NASDAQ:DCGO), which combined with Motion in November 2021, announced that it will redeem all of its outstanding warrants at 5 pm ET September 16 at a redemption price of $0.10 per warrant. ...READ MORE

The Latest SPAC News and Rumors: August 15, 2022

Aug 15, 2022 INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Judge approves Asurion’s purchase of Enjoy Technology, Rumble sets new record for monthly active users, and e.GO

10X Capital Venture II (VCXA) Terminates Deal with PrimeBlock

Aug 15, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

10X Capital II (NASDAQ:VCXA) announced this morning that it has mutually terminated its combination with crypto mining hardware firm PrimeBlock.

While the parties did not give a reason for terminating the deal just months after announcement, it is likely due to unfavorable market conditions as this marks the 6th termination in August thus far. ...READ MORE

SPAC IPO Terms Tracker: Flat Term Changes and Increased Terminations

Aug 13, 2022 INTEL by sam.beattie

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CENAQ Energy Corp. (CENQ) to Combine with Bluescape Clean Fuels, LLC

Aug 12, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

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Breeze Holdings (BREZ) Terminates Deal with D-Orbit

Aug 12, 2022 Deal Announcements & Amendments, INTEL by Kristi Marvin

Breeze Holdings Acquisition Corp. (NASDAQ:BREZ) announced late this afternoon that it has mutually terminated its combination with space logistics firm D-Orbit.

Tellingly, Breeze and D-Orbit cited market conditions as the reason for termination, which has become a common refrain for the SPAC market. ...READ MORE

Edoc Acquisition Corp. (ADOC) Terminates Calidi Biotherapeutics Deal

Aug 12, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Edoc Acquisition Corp. (NASDAQ:ADOC) announced this afternoon that it has mutually terminated its combination with biotechnology firm Calidi Biotherapeutics, Inc.

This morning, Edoc filed an 8-K notifying shareholders that it had postponed its scheduled extension vote from 10AM to 8PM this evening. ...READ MORE

East Stone (ESCC) Adds Another $200M PIPE to ICONIQ Deal

Aug 12, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

East Stone Acquisition Corp. (NASDAQ:ESCC) has tacked on yet another $200 million to its PIPE for its combination with EV-maker ICONIQ, bringing the total PIPE now to $600 million.

As background, East Stone brought an estimated $33.5 million into the deal from its current trust and originally supplemented this with a $200 million PIPE at $10.26 per share from an unnamed investor. ...READ MORE

Broadscale Acquisition Corp. (SCLE) Terminates Voltus Deal

Aug 12, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Broadscale Acquisition Corp. (NASDAQ:SCLE) announced this afternoon that it has mutually terminated its combination with software engineering platform Voltus.

On Monday, August 8, Voltus informed Broadscale that it would be unable to complete all actions necessary in order for its registration statements to be effective prior to its agreement end date. ...READ MORE

The Latest SPAC News and Rumors: August 12, 2022

Aug 12, 2022 INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Rocket Lab proves its business model and will benefit from increase in military spending

Unlike Other Former SPACs, Rocket Lab is Already Science, Not Fiction

The small-satellite launcher has already proven its business model and will benefit from a post-Ukraine increase in military spending. ...READ MORE

Top 3 SPAC Targets – Renewable Power

Aug 12, 2022 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies green energy beneficiaries of the Inflation Reduction Act. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE