The Latest SPAC News and Rumors: February 14, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Investor Paul Conway targets top European football club, Tomorrow.io to power Amazon Alexa’s weather app, and lack of insurance for SPAC directors expose risks for Hong Kong deals
U.S.
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Astrea Acquisition Corp. (ASAX) Terminates HotelPlanner, Reservations.com Deal
Astrea (NASDAQ:ASAX) announced in an 8-K this morning that it mutually terminated its combination agreement with HotelPlanner and Reservations.com over the weekend.
The SPAC’s shareholders were set to vote to complete the transaction at a special meeting tomorrow, February 15, but the parties were likely dissuaded from proceeding after getting a look at the redemption figures. ...READ MORE
SPAC IPO Terms Tracker: a Tepid IPO Environment
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Thayer Ventures (TVAC) Shareholders Approve Inspirato Deal
Thayer Ventures Acquisition Corp. (NASDAQ:TVAC) announced this afternoon that its shareholders have approved its combination with luxury travel service Inspirato in a special meeting held on Tuesday.
Thayer Ventures did not provide further details on the transaction, but the SPAC traded below its pro rata trust value of $10.20 throughout its redemption deadline February 4. ...READ MORE
The Latest SPAC News and Rumors: February 11, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Maritime Launch Services in merger talks with Ceres SPAC, Getty Images renews multi-year video partnership with AFP, and Bowlero sees surge in revenue
Rocket Launch Firm Maritime Said in Merger Talks With Ceres SPAC
Maritime Launch Services Ltd., ...READ MORE
Astrea Acquisition Corp. (ASAX) Reminds Investors It Is Not Astra Space (ASTR)
Astrea (NASDAQ:ASAX) sent out the sort of reminder today that it likely would not have thought necessary – that it is a different company from space venture Astra (NASDAQ:ASTR), which itself de-SPAC’d in July. ...READ MORE
Atlantic Coastal Acquisition Corp. (ACAH) Terminates Essentium Deal
Atlantic Coastal (NASDAQ:ACAH) announced this morning that it and additive manufacturing firm Essentium have mutually agreed to terminate their business combination.
The press release did not provide much detail on the termination, but cited market conditions were unfavorable. ...READ MORE
Top 3 SPAC Targets – India
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in India. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Global SPAC Partners (GLSPT) Adds $50.5M PIPE to Gorilla Deal
Global SPAC (NASDAQ:GLSPT) announced this morning it has added a $50.5 million PIPE to its transaction with edge AI firm Gorilla.
Importantly, this amount is enough to satisfy the transaction’s minimum cash condition securing the deal’s close. ...READ MORE
Signal Hill Acquisition Corp. (SGHLU) Prices $100M IPO
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Relativity Acquisition Corp. (RACYU) Prices $125M IPO
Relativity Acquisition Corp. announced the pricing of its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RACYU” Friday, February 11.
The new SPAC intends to focus its search on a business in the cannabis industry or in related industries such as consumer packaged goods, health & wellness, technology, pharmaceuticals, manufacturing, distribution, logistics and brand management. ...READ MORE
HNR Acquisition Corp. (HNRA.U) Prices $75M IPO
HNR Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the NYSE under the symbol “HNRA.U” Thursday, February 10.
The new SPAC intends to focus on assets used in exploring, developing, producing, transporting, storing, gathering, processing, fractionating, refining, distributing or marketing of natural gas, natural gas liquids, crude oil or refined products in North America. ...READ MORE
Jaguar Global Growth Corp. I (JGGCU) Prices $200M IPO
Jaguar Global Growth Corp. I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “JGGCU” Friday, February 11. ...READ MORE
Novus Capital Corp. II (NXU) Shareholders Approve Energy Vault Deal
Novus Capital Corp. II (NYSE:NXU) announced that its shareholders have approved its combination with kinetic energy storage company Energy Vault in a special meeting held this morning.
Although today’s press release did not disclose much information, such as redemption amounts, NXU traded below its trust value throughout its redemption deadline February 8. ...READ MORE
The Latest SPAC News and Rumors: February 10, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SoundHound extends partnership with Snap, and Shuaa Capital says it wants to launch more SPACs in ‘quick succession’
SoundHound Inc.
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Magnum Opus Acquisition Limited (OPA) Brings Binance into Forbes PIPE
Magnum Opus (NYSE:OPA) announced this morning that crypto exchange Binance has taken the place of existing PIPE investors in committing $200 million to its combination with financial publication Forbes.
The net amount of Forbes PIPE is unchanged at $400 million, but the parties created a new subscription agreement allowing Binance to appoint two members to the company’s post-transaction Board. ...READ MORE
Growth Capital Acquisition Corp. (GCAC) Shareholders Approve Cepton Deal
Growth Capital Acquisition Corp. (NASDAQ:GCAC) announced that its shareholders have approved its combination with lidar-maker Cepton in a special meeting held this morning.
Holders of approximately 72.94% of Growth Capital’s issued and outstanding shares cast votes at today’s special meeting. ...READ MORE
CF VI (CFVI) Tumbles on Joe Rogan’s Rumble Rejection
CF VI (NASDAQ:CFVI) has fallen about -15% in afternoon trading after a report that popular podcast host Joe Rogan has rejected an offer to transfer his show to the platform of CF VI’s target, Rumble. ...READ MORE