The Latest SPAC News and Rumors: September 7, 2022

Sep 7, 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: SEC sues investment firm for not disclosing conflicts of interest, and Rumble sets new monthly active user record

SEC Sues SPAC Adviser for Not Disclosing Conflicts of Interest

The US Securities and Exchange Commission sued an investment firm on Tuesday for failing to properly disclose conflicts of interest tied to SPACs– the latest example of Wall Street’s main regulator clamping down on the once white-hot market. ...READ MORE

Digital World Acquisition Corp. (DWAC) Adjourns Extension Vote for TMTG Deal

Digital World (NASDAQ:DWAC) has adjourned its special meeting held this afternoon without finalizing its shareholder vote to extend its timeline to complete its combination with Trump Media (TMTG).

The SPAC, which currently has a deadline of September 8, is asking stockholders to consider amending the company’s amended and restated certificate of incorporation to extend the period of time for completing a business combination up to four times, each by an additional three months, for an aggregate of 12 additional months or such earlier date as determined by the Board of Directors. ...READ MORE

CleanTech Acquisition Corp. (CLAQ) Shareholders Approve Nauticus Robotics Deal

Sep 6, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

CleanTech (NASDAQ:CLAQ) disclosed this afternoon that its shareholders approved its combination with subsea robot company Nauticus at a special meeting held earlier today.

But, the 8-K filing also disclosed that stockholders holding 361,986 shares of common stock exercised their right to redeem for a portion of the funds in CLAQ’s trust account. ...READ MORE

The Latest SPAC News and Rumors: September 6, 2022

Sep 6, 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: Trump-tied SPAC drops after deal delay, Brazil’s Semantix ready to put money to work, and Australian Foreign Investment Board approves Metal’s acquisition

Trump-Tied SPAC Drops on Report It Can’t Get Deadline Push

Investors dumped shares of Digital World Acquisition Corp. ...READ MORE

Minority Equality Opportunities (MEOA) to Combine with Digerati in $145M Deal

Sep 6, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

This post is currently only available for Newsletter and Database subscribers. It will be released on Friday, December 14th.

Lux Health Tech Acquisition Corp. (LUXA) Signs LOI

Sep 6, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Lux Health Tech Acquisition Corp. (NASDAQ:LUXA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a leading life sciences company.

The SPAC kept the details pertaining to the unnamed target to a minimum, but disclosed that the company has an experienced executive and scientific leadership team that has built an extensive technology platform with multiple programs in development. ...READ MORE

Gores Holdings VIII (GIIX) Re-Strikes Footprint Deal

Sep 6, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Gores VIII (NASDAQ:GIIX) announced this morning that it has amended its deal with sustainable materials-maker Footprint, bringing in new capital and lowering the target’s valuation.

The parties agreed to lower Footprint’s enterprise value by 37.5% to $1 billion from $1.6 billion while adding a standby equity facility worth up to $300 million and a $280 million facility designated for equipment purchases through 2023. ...READ MORE

SPAC IPO Terms Tracker: Ahead of Labor Day Weekend

Sep 3, 2022 INTEL by sam.beattie

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Mudrick Capital Acquisition Corp. II (MUDS) to Liquidate Trust

Sep 2, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Mudrick II (NASDAQ:MUDS) announced this afternoon that it intends to dissolve and liquidate its trust after being unable to complete a business combination.

The SPAC had a transaction deadline of September 10, but will now redeem all of its outstanding shares of Class A common stock issued as part of the units sold in its IPO, effective as of the close of business on September 12, 2022. ...READ MORE

The Latest SPAC News and Rumors: September 2, 2022

Sep 2, 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: Polestar slides to new low as EV maker’s operating loss widens and SOC Telemed acquires behavioral health company Forefront

Polestar Slides to New Low as EV Maker’s Operating Loss Widens

Polestar (NASDAQ:PSNY) Automotive Holding’s operating loss widened in the first half as the electric-vehicle maker struggles with rising costs for auto parts and expanding abroad. ...READ MORE

SPAC Lock-Up Expirations to Watch in September

Sep 1, 2022 INTEL by Nicholas Alan Clayton

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New SPAC: Translational Development Acquisition Corp. Files for $150M IPO

Sep 1, 2022 INTEL, New S-1 Filings by Marlena Haddad

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The Latest SPAC News and Rumors: September 1, 2022

Sep 1, 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: Polestar doubles revenue, SeatGeek raises $238M after cancelling SPAC deal, and crypto miner PrimeBlock’s CEO leaves firm

Polestar revenue doubles as it rides electric car boom

Electric vehicle maker Polestar (NASDAQ: PSNY) said on Thursday that its revenue nearly doubled in the first half of 2022 on soaring demand and that it may have to raise its prices further if material costs continue to rise. ...READ MORE

Ackrell SPAC Partners I (ACKIT) Terminates Blackstone Products Deal, Liquidates Trust

Aug 31, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Ackrell I (NASDAQ:ACKIT) announced this afternoon that its business combination with outdoor cooking company Blackstone Products has been terminated and will instead liquidate its trust.

While most SPACs have terminated their deals due to unfavorable market conditions, Ackrell claims its target company refused to fund a promissory note to extend the transaction deadline. ...READ MORE

The Latest SPAC News and Rumors: August 31, 2022

Aug 31, 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: FaZe Clan announces partnership with McDonald’s USA, Transfix integrates with e2open, and Nikola announces leadership changes

FaZe Clan Announces Partnership Renewal With McDonald’s USA

FaZe Holdings Inc.

Aesther Healthcare (AEHA) to Combine with Ocean Biomedical in $345M Deal

Aug 31, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

This post is currently only available for Newsletter and Database subscribers. It will be released on Friday, December 14th.

Podcast: Raj Suri, Founder & CEO of Presto

Aug 31, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with Raj Suri, Founder and CEO of Presto. Presto entered into a $634 million combination agreement with Ventoux CCM Acquisition Corp. (NASDAQ:VTAQ) in November 2021.

If you’ve ordered a fast-food meal using a smart touch screen or talking to a voice AI recently, there’s a good chance Presto made that order happen. The ...READ MORE

Warrior Technologies Acquisition Company (WARR) to Liquidate Trust

Aug 30, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Warrior Technologies (NYSE:WARR) announced this afternoon that it will not complete a business combination and will instead redeem all shares.

The SPAC, which announced the pricing of its upsized $240 million IPO in February 2021, will now dissolve and liquidate its trust, effective as of the close of business on September 2. ...READ MORE

Vision Sensing Acquisition Corp. (VSAC) to Combine with Newsight Imaging in $380M Deal

Aug 30, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

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The Latest SPAC News and Rumors: August 30, 2022

Aug 30, 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: Amazon seller Packable to shut down in bankruptcy, and Otonomo to lay off dozens after losing 90% of value

Amazon Seller Packable to Shut Down in Bankruptcy After SPAC Deal Sinks

Packable Holdings LLC, a Carlyle Group-backed e-commerce platform valued at more than $1 billion less than two years ago, is shutting down in bankruptcy after it failed to go public through a merger with Highland Transcend Partners I Corp.