Omnichannel Acquisition Corp. (OCA) and Kin Insurance Mutually Terminate Deal
Omnichannel Acquisition Corp. (NYSE:OCA) and direct-to-consumer homeowners insurance technology company Kin Insurance announced this afternoon that they have opted to mutually terminate their business combination agreement.
The SPAC cited unfavorable market conditions in its press release on the termination, but will turn back to the work of meeting with targets who can benefit from their team of consumer founders and operators. ...READ MORE
The Latest SPAC News and Rumors: January 26, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Okada Manila delivers 4Q results, exceeds EBITDA projections by 122%, and UAE approves first SPAC framework for GCC region
Okada Manila Delivers Exceptional Fourth Quarter and 2021 Results, Exceeding EBITDA Projections by 122%
26 Capital Acquisition Corp. ...READ MORE
Sports Entertainment Acquisition Corp. (SEAH) Shareholders Approve Super Group Deal
Sports Entertainment (NYSE:SEAH) announced in a press release that its shareholders have approved its combination with online sports betting company Super Group in a special meeting held this morning.
The transaction is expected to generate approximately $202.4 million from SEAH trust proceeds, reflecting approximately 55% of the publicly held shares that were submitted for redemption. ...READ MORE
Podcast: Terran Orbital CEO & Co-Founder Marc Bell, and Tailwind Two Co-CEO Matt Eby
This week, we speak with Marc Bell, CEO and Co-Founder of Terran Orbital. Terran Orbital entered into a $1.5 billion combination with Tailwind Two Acquisition Corp. (NYSE:TWNT) in October of 2021. ...READ MORE
CF Acquisition Corp. V (CFV) Shareholders Approve Satellogic Deal
CF Acquisition Corp. V (NASDAQ:CFV) announced in a press release today that its shareholders have approved its combination with orbital imagery company Satellogic in a special meeting held yesterday.
CFV disclosed in an 8-K filing that holders of 23,143,646 shares elected to redeem in connection with the business combination, removing 92.575% of CFV’s trust. ...READ MORE
Yellowstone (YSAC) Shareholders Approve Sky Harbour Deal
Yellowstone Acquisition Company (NASDAQ:YSAC) announced that its shareholders have approved its combination with airport hanger manager Sky Harbour in a special meeting held earlier today.
An aggregate of 12,061,401 shares of Yellowstone’s common stock were presented for redemption, removing 88.694% of YSAC’s trust. ...READ MORE
The Latest SPAC News and Rumors: January 25, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SoundHound and Qualcomm announce strategic agreement, MSP Recovery’s portfolio of assigned claims grows by 440%, and Pagaya and Visa announce partnership
SoundHound Inc.
...READ MORE
LatAmGrowth SPAC (LATGU) Prices $130M IPO
LatAmGrowth SPAC announced the pricing of its $130 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LATGU” Tuesday, January 25.
The new SPAC intends to focus its search on high-growth companies in Latin America, including Brazil, as well as businesses located in the United States that cater to the Hispanic community: (1) with significant technological advantages, and/or (2) that are well-positioned to benefit from the favorable structural and secular trends of the emerging middle class. ...READ MORE
Keyarch Acquisition Corp. (KYCHU) Prices $100M IPO
Keyarch Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “KYCHU” Tuesday, January 25.
The new SPAC intends to focus its search for a target on disruptive technology and innovative services companies in developed economies such as the U.S. and ...READ MORE
Venus Acquisition Corp. (VENA) Adds $15M Backstop to VIYI Algorithm Deal
Venus (NASDAQ:VENA) announced this afternoon that it is has terminated its original backstop, and added a new backstop agreement to its combination with VIYI Algorithm.
The SPAC initially entered into a backstop agreement up to $10 million with Ever Abundant Investments Limited when it announced its $400 million deal on June 10. ...READ MORE
The Latest SPAC News and Rumors: January 24, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Wynn Resorts looks to sell sports betting business, and UAE approves regulatory framework for SPACs
Wynn Resorts Looks to Sell Online Sports Betting Biz at Steep Discount
Wynn Resorts (NASDAQ:WYNN) is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers, according to The Post. ...READ MORE
SPAC IPO Terms Tracker: Unique Terms Post Holiday
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The Latest SPAC News and Rumors: January 21, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: KKR SPAC mulls $14B deal for PetSmart, ex-Daimler boss tapped for new Kensington auto-focused SPAC, and Singapore’s first SPACs off to timid start
KKR SPAC Said to Mull Deal for PetSmart at $14 Billion Value
PetSmart (NASDAQ:PETM) is in talks to go public through a blank-check company backed by private equity firm KKR & Co., ...READ MORE
Top 3 SPAC Targets – $10+ Billion Enterprise Value
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies with enterprises values of $10 billion or larger. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Heartland Media Acquisition Corp. (HMA.U) Prices $175M IPO
Heartland Media Acquisition Corp. announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “HMA.U” Friday, January 21.
The new SPAC intends to focus its search on a business in the media, entertainment and sports sectors with a strong management team. ...READ MORE