Gesher I Acquisition Corp. (GIAC) Adds $10M Backstop
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
The Latest SPAC News and Rumors: April 18, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: New SPAC ETF plots Wall Street launch, Singapore SPAC plans merger with EUDA Health, and SeatGeek announces record fourth quarter
New SPAC ETF Plots Wall Street Launch Even as the Market Craters
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 Acquisition Corporation (DUNE) Files Lawsuit Against Its Target, TradeZero
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
SPAC IPO Terms Tracker: Shortened Week Heading into the Holiday
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CHP Merger Corp. (CHPM) Terminates Agreement and Opts to Liquidate
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 (ATSPT) Adds $2M PIPE to SoundHound Deal
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
The Latest SPAC News and Rumors: April 14, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Spotify rival Deezer nears deal to go public, D-Orbit enters agreement with Beyond Gravity, and PropertyGuru beats adjusted EBITDA forecast
Deezer Negotiates Public Listing via Merger with French SPAC
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 (ALAC) Announces SolarMax Intends to Terminate Agreement
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
The Latest SPAC News and Rumors: April 13, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Malaysia’s Hibiscus considers Singapore SPAC listing, Bridgestone partners with LanzaTech, and Credit Suisse forms new committee to review SPAC deals
Malaysia’s Hibiscus Explores Singapore SPAC Listing
Hibiscus Petroleum Bhd. ...READ MORE
Podcast: Brivo CEO Steve Van Till & Crown PropTech CEO Ricky Chera
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. (AFARU) Prices $100M IPO
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
The Latest SPAC News and Rumors: April 12, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hong Kong’s OneDegree approached by SPAC, ADQ and Chimera Capital set up Abu Dhabi’s first blank-check company, and Infinite Reality buys ReKTGlobal
Hong Kong’s OneDegree Says It’s Been Approached on SPAC Listing
OneDegree, a Hong Kong-based insurer of digital assets, has been approached by investment banks about going public through a blank-check company, its co-founder said. ...READ MORE
Circle Internet Financial Receives $400M in Funding
Concord Acquisition Corp.’s (NYSE:CND) crypto target, Circle, has received $400 million in funding with investments from BlackRock, Inc (NYSE:BLK), Fidelity Management and Research, Marshall Wace LLP and Fin Capital.
Although today’s investment is not directly associated with the business combination, Fidelity and Marshall Wace participated in the transaction’s original PIPE before it was cancelled and replaced with the current terms. ...READ MORE
The Latest SPAC News and Rumors: April 11, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ackman says proposed SPAC rules suggest SEC backs him, Wallbox starts construction of its EV charger manufacturing facility, and Selina partners with TechnoArt
Bill Ackman Says Proposed SPAC Rules Suggest SEC Backs Him Against Investor Lawsuit
A Bill Ackman SPAC told a judge that proposed rules for the vehicles support its defense against a lawsuit alleging it is acting illegally as an investment company. ...READ MORE
SPAC IPO Terms Tracker: Only One IPO Last Week
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The Latest SPAC News and Rumors: April 8, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Dune SPAC sues TradeZero, Tiket mulls Blibli merger before Jakarta IPO, and BlackSky looks to expand military business
Dune SPAC Sues TradeZero for ‘Outright Falsehoods’ About Merger
Dune Acquisition Corp.