Waldencast Acquisition Corp. (WALD) Shareholders Approve OBAGI and Milk Deal

Waldencast Acquisition Corp. (NASDAQ:WALD) announced in an 8-K that its shareholders approved its combination with beauty brands OBAGI and Milk at a special meeting July 25.

In connection with the vote, 30,021,946 shares (87%) were redeemed, removing about $301 million from its trust. ...READ MORE

Abri SPAC I (ASPA) Terminates Apifiny Deal

Abri SPAC I, Inc. (NASDAQ: ASPA) announced this afternoon that it has mutually terminated its combination with blockchain technology company Apifiny Group.

Abri I intends to seek an alternative business combination. And while Abri I currently has a transaction deadline of August 12, it is able to extend its original 12 months timeline two times (2x) for three months each by contributing $0.10 per share to its trust each time. ...READ MORE

The Latest SPAC News and Rumors: July 25, 2022

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

Latest SPAC News: Martin Franklin in talks to list new SPAC in London, Wag!

Two Former SPACs Heat Up the M&A Market

Ginkgo Bioworks Inc. (NYSE: DNA), the cell programming company which previously combined with Soaring Eagle Acquisition Corp. in September of 2021, announced this morning that it would be buying the biotech company Zymergen (Nasdaq: ZY), in an all-stock transaction. ...READ MORE

Gobi Acquisition Corp. (GOBI) to Liquidate Trust

Gobi Acquisition Corp. (Nasdaq:GOBI) announced this afternoon that its shareholders have approved its move to shrink its timeline and the SPAC now intends to liquidate its trust.

The Trust Amendment Proposal was overwhelmingly approved with 30,526,358 shares in favor of changing the date of the liquidation with just 783 shares against it. ...READ MORE

Perella Weinberg (PWP) Launches Warrant Exchange Offer

Perella Weinberg Partners (NASDAQ:PWP) announced this morning that it is offering to exchange all outstanding warrants for 0.20 shares of company stock.

The move would issue 1,573,995 shares to warrantholders should all accept the offer. ...READ MORE

Top 3 SPAC Targets – Africa

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies on the African continent. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

Aries I Acquisition Corp. (RAM) Extends Outside Date

Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has extended its outside date and increased its equity value in connection to its business combination with metaverse infrastructure platform, InfiniteWorld. ...READ MORE

The Latest SPAC News and Rumors: July 21, 2022

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

Latest SPAC News:  FaZe Clan goes public in $725 million SPAC

FaZe Clan goes public in $725 million SPAC, but Gen Z creator economy stock sinks in debut

Digital entertainment and esports brand FaZe Clan (NASDAQ:FAZE) began trading on the Nasdaq Wednesday after completing a SPAC merger with B. ...READ MORE

The Latest SPAC News and Rumors: July 20, 2022

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

Latest SPAC News:  Frazier SPAC mulls merger with NewAmsterdam Pharma, Turkish mobility app Marti’s IPO announcement imminent, and leverage craze brings new ETF targeting SPACs

Frazier SPAC Is in Talks to Merge With NewAmsterdam Pharma

NewAmsterdam Pharma BV, a biotechnology company that aims to treat metabolic diseases, is in talks to go public through a merger with blank-check firm Frazier Lifesciences Acquisition Corp.(NASDAQ:FLAC), ...READ MORE

CC Neuberger II (PRPB) Shareholders Approve Getty Images Deal

CC Neuberger Principal Holdings II (NYSE:PRPB) announced this morning that its shareholders approved its combination with visual content marketplace Getty, at a special meeting July 19.

The parties did not disclose redemption figures in either their press release or initial 8-K on the vote. ...READ MORE

Fortune Rise Acquisition Corp (FRLA) Terminates VCV Power Sigma Deal

Fortune Rise Acquisition Corp. (NASDAQ:FRLA) announced in an 8-K this morning that it has mutually terminated its combination with crypto mining business VCV Power Sigma.

As with yesterday’s termination of Aesther Healthcare’s combination with United Gear, the merger was just weeks old, having been announced on May 3 with an outside date in November. ...READ MORE