Software Acquisition Group III (NASDAQ:SWAG) has added $60 million in convertible note financing to its combination with cloud software firm Nogin, which will cover the transaction’s $50 million minimum cash condition. ...READ MORE
This week, we will be speaking with Alan Baratz, CEO of D-Wave, and DPCM Capital Chairman and CEO Emil Michael.
D-Wave has developed quantum computing machines that are already powering cloud-based applications to solve business problems today. ...READ MORE
Oaktree Acquisition Corp. II (NYSE:OACB) has added up to $250 million to its combination with biosimilar drugmaker Alvotech through two facilities to replace potential redemptions.
The backstops are made up of an $150 million standby equity purchase agreement (SEPA) from YA II PN, an affiliate of Oaktree II’s sponsor, and a binding term sheet providing $75 million to $125 million in debt from Sculptor Capital Management. ...READ MORE
Yotta Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YOTAU” Wednesday, April 20, 2022.
The new SPAC intends to focus on high technology, blockchain, software and hardware, e-commerce, social media, and other general business industries globally. ...READ MORE
BRC Inc. (NYSE:BRCC) announced this afternoon that it will be calling for a “redemption fair market value” for its previously announced redemption of outstanding warrants to determine the number of shares that will be issued on a cashless exercise. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Billionaire Francois Pinault and the other founders of a blank-check firm are buying music-streaming platform Deezer in a deal valued at more than $1 billion. ...READ MORE
Gesher I Acquisition Corporation (NASDAQ:GIAC) announced this morning that it has proactively received another $10 million backstop, just weeks after adding adding an initial $10 million backstop and tweaking its forward-purchase agreement (FPA). ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A new exchange-traded fund is on the way looking to tap the once red-hot SPAC market, even as investor enthusiasm for blank-check firms sputters and existing products stumble. ...READ MORE
Dune (NASDAQ:DUNE) announced this morning that it has filed a lawsuit in Delaware court alleging that its combination target TradeZero “fraudulently induced” it into entering the merger and has “materially breached” that agreement, causing “irreparable injury” to Dune. ...READ MORE
CHP Merger Corp. (NASDAQ:CHPM) announced this afternoon that it has mutually terminated its business combination agreement with medical technology company, Accelus, and will opt to liquidate its trust as of April 25, 2022. ...READ MORE
Archimedes Tech SPAC Partners Co. (NASDAQ:ATSPT) has added $2 million to their PIPE for its combination with voice AI firm SoundHound, bringing the deal’s total PIPE proceeds to $113 million.
The SPAC entered into a subscription agreement with an accredited investor on April 9, to which the new subscriber agreed to purchase 200,000 shares of Class A Common Stock of Archimedes, at a purchase price of $10.00 per share. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
French music streaming service Deezer is nearing a deal to go public by merging with I2PO, a SPAC backed by the family behind luxury titan Kering SA, according to The Wall Street Journal, as consumer demand for music continues to grow. ...READ MORE
Alberton (NASDAQ:ALAC) announced this morning that SolarMax, Alberton’s target company, intends to terminate its definitive agreement at the Outside Date of April 26, 2022, stating that it does not believe the transaction will be completed by that deadline. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Hibiscus Petroleum Bhd. ...READ MORE
This week, we speak with Steve Van Till, CEO of Brivo, and Crown PropTech Acquisitions CEO Ricky Chera.
Brivo entered into an $808 million combination agreement with Crown PropTech Acquisitions (NYSE:CPTK) in November. ...READ MORE
Aura FAT Projects Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AFARU” Wednesday, April 13, 2022.
The new SPAC intends to focus on new emerging technology companies with an acute growth potential in Southeast Asia and Australasia in sectors such as the Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services sectors. ...READ MORE
