ACE Convergence Acquisition Corp. (NASDAQ:ACEV) announced this morning that it will issue additional shares to PIPE investors as it works towards closing its combination with electronics manufacturer Tempo Automation.
PIPE investors are to receive up to 2,000,000 additional shares on a pro rata basis according to a formula based on the combined company’s VWAP in the 30 days following its resale shelf effectiveness date. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Alliance Entertainment Holding Corporation (“Alliance Entertainment”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, today announced the July 1, 2022, closing on the acquisition of Think 3Fold, a distributor of toys and collectibles. ...READ MORE
In a usual move this afternoon, Gobi Acquisition Corp. (Nasdaq: GOBI) filed a proxy for a shareholder vote, but it’s not to extend its deadline. Instead, Gobi intends to shrink its timeline so it can liquidate early. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SatixFy Communications Ltd. ...READ MORE
Benessere (NYSE:BENE) announced this morning that it has extended the redemption deadline in connection with its upcoming extension vote to 5 pm ET today.
Shareholders are set to vote at a special meeting at noon tomorrow, July 7, to extend the SPAC’s transaction deadline from July 7 to January 7, 2023. ...READ MORE
Social Capital Suvretta Holdings Corp. III (NASDAQ:DNAC) announced in an 8-K this morning that it intends to adjourn its 10 am ET special meeting to complete its combination with drug developer ProKidney and reconvene on a later unspecified date. ...READ MORE
This week, we speak with Nic Radford, Founder and CEO of Nauticus Robotics and Eli Spiro, CEO of CleanTech Acquisition Corp (Nasdaq: CLAQ).
The two announced a $377 million dollar combination agreement in December of 2021. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Virgin Orbit (NASDAQ:VORB) has ticked off another milestone for its fledgling launch business, successfully carrying out its first night-time mission over the weekend and deploying satellites into low-Earth orbit. ...READ MORE
FinTech V (NASDAQ:FTCV) announced this morning that it has mutually terminated its combination agreement with social investing network eToro.
While most SPACs that have recently terminated their deals have pointed towards current market conditions as the main culprit, Fintech V disclosed that it was unable to meet certain closing conditions and specifically, “the Company’s registration statement, within the timeframe outlined by the Merger Agreement and as extended by the Merger Agreement Amendment”. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Online brokerage eToro and Betsy Cohen-backed blank-check firm FinTech Acquisition Corp V (NASDAQ:FTCV) are planning to let the Thursday deadline for their merger pass without closing the deal, The Information reported, citing a person familiar with the matter. ...READ MORE
Energy Vault (NYSE: NRGV) announced this morning that it will be redeeming its outstanding warrants for shares.
Warrantholders have until 5 pm EST on Monday, August 1 to exercise their warrants and any warrants that remain unexercised immediately after the deadline will be void and no longer exercisable. ...READ MORE
USHG (NYSE:HUGS) announced this morning that it would not extend an agreement to partner in an IPO for restaurant operator Panera announced in November.
Always something of an oddity, USHG’s plan bore some semblance to Pershing Square Tontine’s (NYSE:PSTH) bid to join in Universal Music’s (AS:UMG) Amsterdam IPO. ...READ MORE
G3 VRM Acquisition Corp. (NASDAQ:GGGVU) announced this morning that it will dissolve and liquidate its trust.
Following the close of business on July 6, public shares will be cancelled and will represent only the right to receive the redemption amount of $10.15, at which time the G3 VRM anticipates that its securities will cease trading on The Nasdaq. ...READ MORE
North Atlantic (NASDAQ:NAAC) announced this afternoon that it has mutually terminated its combination agreement with communications platform Telesign, effective immediately.
Similar to a handful of other SPACs we’ve seen, North Atlantic cited current market conditions as the root of the termination. ...READ MORE
