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
Kismet Two (NASDAQ:KAII) has sold all of its sponsor economics to Quadro Sponsor LLC, including 6,250,000 promote shares and 4,400,000 warrants.
The new sponsor will be led by Dimitri Elkin who is signing on as CEO and will also serve as the company’s principal financial and accounting officer. ...READ MORE
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the music industry. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
BurTech Acquisition Corp. (NASDAQ:BRKHU) and Chavant Capital (NASDAQ:CLAYU) both announced this afternoon that they have signed non-binding letters of intent ahead of the long weekend.
BurTech’s 8-K referenced a Bloomberg news article that was published earlier this week which disclosed its non-binding LOI with Indian digital entertainment and technology company JetSynthesys. ...READ MORE
Isleworth (NASDAQ:ISLE) announced this afternoon that it has mutually terminated its combination agreement with biopharmaceutical company Cytovia.
Although the press release was short on details, it is likely the parties decided to terminate for the same reason a number of other SPACs recently have, which pertains to the headwinds in the SPAC market as well as general market volatility. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Enjoy Technology Inc. ...READ MORE
Far Peak (NYSE:FPAC) announced this afternoon that it has extended its Outside Date to complete its business combination with cryptocurrency exchange Bullish to December 31, 2022. However, it was also noted in the press release that the PIPE investors, which were contributing $300 million, will terminate on the current Outside Date of July 8, 2022. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The 3 recently listed SPACs have generated “strong interest” and raised a total of IPO proceeds of about S$528 million, leading Singapore’s IPO market to its busiest half year in five years, according to a PwC Singapore report released on Tuesday (Jun 28). ...READ MORE
