Biotech Acquisition Company (BIOT) Terminates Blade Deal

Biotech Acquisition Company (NASDAQ:BIOT) announced this morning that it has mutually terminated its combination agreement with biopharmaceutical firm Blade Therapeutics.

Although the parties did not disclose the reason for the deal termination, it is likely due to unfavorable market conditions or difficulty satisfying closing conditions. ...READ MORE

8i Acquisition 2 Corp. (LAX) Amends EUDA Health Deal

8i Acquisition 2 (NASDAQ:LAX) announced this afternoon that it has amended its Share Purchase Agreement in connection to its business combination with digital health firm EUDA to reduce its consideration payable, and limit the available earn-out payment. ...READ MORE

The Latest SPAC News and Rumors: June 10, 2022

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

Latest SPAC News: Singapore’s Kacific in talks for $1B merger and Faraday Future catches attention from DoJ

Singapore’s Kacific in Talks for $1 Billion SPAC Merger, Sources Say

Kacific Broadband Satellites Ltd. ...READ MORE

Globis (GLAQ) Closes Forafric Deal

Globis Acquisition Corp. (NASDAQ:GLAQ) announced this morning that it has closed its combination with Moroccan agribusiness Forafric following a special shareholder meeting held yesterday.

Notably, Globis became just the second SPAC since May 1 to get to the finish line with less than 85% redemptions since May 1. ...READ MORE

Tuatara Capital (TCAC) Shareholders Approve springbig Deal

Tuatara Capital Acquisition Corp. (NASDAQ:TCAC) announced that its shareholders have voted to approve its combination with cannabis software company springbig in a special meeting held earlier today.

The SPAC saw about 95.6% of its shares redeemed in connection with the vote however, leaving 876,194 public shares remaining, according to the 8-K it filed this morning. ...READ MORE

Top 3 SPAC Targets – Logistics

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

Silver Spike Acquisition Corp. II (SPKB) Terminates Eleusis Deal

Silver Spike Acquisition Corp. II (NASDAQ:SPKB) announced this afternoon that it has mutually terminated its combination agreement with therapeutic psychedelic firm Eleusis.

Similar to a handful of other SPACs we’ve seen, Silver Spike II cited unfavorable market conditions as the key reason behind the termination. ...READ MORE

The Latest SPAC News and Rumors: June 9, 2022

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

Latest SPAC News: D-Orbit signs contract with European Space Agency and Polestar begins delivering on EV partnership with Hertz

D-Orbit Signs Contract with the European Space Agency (ESA) for the Improvement of Production Capabilities Related to Space Transportation

D-Orbit, the space logistics and transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp. ...READ MORE

Forge (FRGE) Announces Redemption of Warrants

Forge Global (NYSE:FRGE) announced this morning that it will be calling its outstanding warrants and forward purchase warrants for shares to streamline its capital structure.

The public warrants are currently exercisable for an aggregate of 18,466,604 shares of common stock at a price of $11.50 per share. ...READ MORE

Globis (GLAQ) Delays Vote & Adds FPA to Forafric Deal

Globis Acquisition Corp. (NASDAQ:GLAQ) announced this morning in an 8-K that it has postponed its shareholder meeting and has added a new forward purchase agreement (“FPA”) to its combination with African agribusiness Forafric. ...READ MORE

Altitude (ALTU) Arranges Non-Redemption Agreement

Altitude Acquisition Corp. (NASDAQ:ALTU) announced this afternoon that it has entered into a non-redemption agreement alongside certain shareholders who supported the recent proposal to extend the time ALTU has to complete its initial business combination. ...READ MORE

Freedom I’s Sponsor Sells Entire Interest to NextG Tech Limited

Freedom Acquisition I Corp. (NYSE:FACT.U) announced this afternoon that a former member of its sponsor, LVS III SPE XLIII LP, has sold its entire interest to NextG Tech Limited.

Freedom I, which included PIMCO in the sponsor group, still has nearly nine months left to find an acquisition with a deadline date of March 2, 2023. ...READ MORE

The Latest SPAC News and Rumors: June 8, 2022

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

Latest SPAC News: Getaround expands operations in Seattle, Better faces whistle-blower lawsuit, and Voltus to provide distributed energy resources to relieve grid shortages in U.S.

Dynamics Special Purpose Corp. (DYNS) Shareholders Approve Senti Biosciences Deal

Dynamics (NASDAQ:DYNS) announced in an 8-K filing this afternoon that its shareholders have voted to approve its combination with Gene Circuit company Senti Biosciences in a special meeting held earlier today. ...READ MORE

Oaktree II (OACB) Shareholders Approve Alvotech Deal

Oaktree II (NYSE:OACB) announced that its shareholders have voted to approve its combination with biopharma company Alvotech in a special meeting held earlier today.

Today’s press release did not disclose redemption amounts, but OACB closed today at $9.86. ...READ MORE

The Latest SPAC News and Rumors: June 7, 2022

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

Latest SPAC News: Westrock Coffee reports 1Q results and upsizing of new credit facility, Polestar to debut first electric performance SUV, and Safe Harbor Financial closes senior secured loan to Solar Cannabis Co.

Tribe Capital Markets Resigns from Tribe Capital Growth Corp I (ATVC) Sponsor

Tribe Capital I (NASDAQ:ATVC) announced in an 8-K this morning that Tribe Capital Markets has resigned from its sponsor and will effectively transfer management of it to Arrow Multi Asset Fund. ...READ MORE