East Resources Acquisition Company (NASDAQ:ERES) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a vertically integrated alternative asset manager.
The SPAC did not provide a name of the asset manager, but noted that the target specializes in insurance products, with a focus on origination, asset management, valuation and servicing. ...READ MORE
Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) announced this afternoon that it has mutually terminated its combination agreement with automotive component manufacturer United Gear & Assembly.
The termination comes just two weeks after AEHA secured a common stock purchase agreement and not even two months after deal announcement. ...READ MORE
Alpine Acquisition Corporation (NASDAQ:REVE) announced this afternoon that it will issue a dividend to holders of Alpine’s common stock who do not seek redemption at its business combination with experiential entertainment company Two Bit Circus (“TBC”). ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A federal probe of Donald Trump’s social media deal is putting a spotlight on Rocket One Capital, an obscure private equity firm with no obvious connection to the transaction beyond a board member. ...READ MORE
ArcLight Clean Transition Corp. II (NASDAQ:ACTD) announced in an 8-K filing this morning it has signed a forward purchase agreement to prevent 1,900,000 shares from being redeemed.
This is the second piece of news announced by ArcLight II this morning as it also disclosed this morning that its shareholders voted to approve its combination with OPAL Fuels at a shareholder vote on Friday. ...READ MORE
ArcLight Clean Transition Corp. II (NASDAQ:ACTD) announced that at a special meeting Friday its shareholders have approved its combination with renewable gas producer OPAL Fuels.
The parties’ press release included scant details and made no mention of redemption figures. ...READ MORE
Dune Acquisition Corp. (NASDAQ:DUNE), which previously launched a lawsuit against its combination partner TradeZero, while Dune’s Board also recommended shareholders vote against this deal, is nonetheless rejecting TradeZero’s termination of their merger agreement. ...READ MORE
Waldencast Acquisition Corp. (NASDAQ:WALD) announced this afternoon that it has tacked on an additional $5 million PIPE for its combination with beauty brands OBAGI and Milk.
The PIPE investors will be subject to the same terms as the Initial PIPE Investors and have collectively subscribed for 500,000 shares of Waldencast Common Stock for an aggregate purchase price equal to $5 million. ...READ MORE
ITHAX Acquisition Corp. (NASDAQ:ITHX) announced that at a special meeting today its shareholders have approved its combination with technology-first travel marketplace company Mondee.
Approximately 75.13% of total outstanding shares voted at today’s meeting and the approval was supported by 69.63% of the shares. ...READ MORE
B. Riley Principal 150 Merger Corp. (NASDAQ:BRPM) announced that at a special meeting today its shareholders have approved its combination with sports media platform FaZe Clan, which is expected to close Tuesday, July 19. ...READ MORE
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in agriculture and related technologies. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Crown PropTech (NYSE:CPTK) announced this afternoon that a PIPE investor, which was contributing $68 million, will terminate its funding in connection to its proposed merger with smart building solutions provider Brivo. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
British electric vehicle company Arrival SA said on Tuesday it planned to reorganise its business, which could result in up to 30% reduction in its workforce. ...READ MORE
Global SPAC Partners (NASDAQ:GLSPT) announced that its shareholders approved its combination with cybersecurity firm Gorilla Technology.
In connection with the vote, however, about 88.4% of Global SPAC shares were tendered for redemption. ...READ MORE
Kingswood Acquisition Corp. (NYSE:KWAC) Class A common shares, units, and warrants were delisted from the New York Stock Exchange (“NYSE”) after market close this afternoon.
The regulatory team from the NYSE announced that it has immediately suspended the SPAC and has determined to begin the delisting process due to Section 802.01B of the NYSE’s Listed Company Manual. ...READ MORE
Viveon Health (NYSE:VHAQ) announced this afternoon that it has amended the outside closing date and reduced its minimum cash closing condition in connection to its proposed merger with aesthetic medical treatment company Suneva. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Deep Medicine (NASDAQ:DMAQ) has entered into a definitive agreement to combine with Chinese carmaker Chijet at an enterprise value of $2.55 billion.
Chijit currently sells a line of gasoline-fueled SUVs and trucks in China and Southeast Asia and is working to build a production facility for a new line of EVs. ...READ MORE
