The Latest SPAC News and Rumors: April 4, 2022

Apr 4, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: DWAC slides after key executives quit, FinAccel spends $200M for Indonesia digital banking push, and Hertz buys 65,000 EVs from Polestar

Trump-Tied Social Media SPAC Slides After Key Executives Quit

Shares of the shell company taking Donald Trump’s media venture public extended their selloff after a report that a pair of key executives resigned and Elon Musk bought a sizable stake in social media competitor Twitter Inc. ...READ MORE

Riverview (RVAC) to Combine with Westrock Coffee in $1.1Bn Deal

Apr 4, 2022 INTEL by Marlena Haddad

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Virgin Group II (VGII) Adds $50M Backstop to Grove Collective Deal

Apr 4, 2022 INTEL by Nicholas Alan Clayton

Virgin Group II (NYSE:VGII) announced it has added a $50 million backstop to its combination with sustainable home goods-maker Grove Collective.

Grove has also agreed to waive its minimum cash condition in exchange for the new agreements and Virgin Group II’s promote shares are no longer to be subject to earn-out terms. ...READ MORE

Iron Spark I Inc. (ISAA) to Combine with Hypebeast in $353M Deal

Apr 4, 2022 INTEL by Nicholas Alan Clayton

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SPAC IPO Terms Tracker: A Light Week to End the Quarter

Apr 2, 2022 INTEL by sam.beattie

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First Quarter of 2022 SPAC IPO Review

Apr 1, 2022 INTEL by sam.beattie

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The Latest SPAC News and Rumors: April 1, 2022

Apr 1, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Trump Social SPAC sinks as downloads slump 95%, SPAC seizes on SEC’s proposed rules to fight investor suit, and France’s InVivo plans retail tie-up

SPAC Tied to Trump’s Social Media Venture Sinks as Downloads Slump 95%

Shares of the blank-check firm bringing Donald Trump’s media venture public are sinking with daily downloads for the former president’s social media app declining 95% since launching last month. ...READ MORE

10X Capital Venture II (VCXA) to Combine with PrimeBlock in $1.25Bn Deal

Apr 1, 2022 INTEL by Nicholas Alan Clayton

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Top 3 SPAC Targets – Agriculture Amid Food Crisis

Apr 1, 2022 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies set to see increased demand among companies that could see high demand in a time of rising food prices and scarcity. ...READ MORE

Helix (HLXA) Shareholders Approve Moonlake Immunotherapeutics Deal

Mar 31, 2022 INTEL by Marlena Haddad

Helix Acquisition Corp. (NASDAQ:HLXA) announced this afternoon that its shareholders have voted to approve its combination with biotech firm Moonlake.

At today’s special meeting, a total of 12,048,085, or approximately 81%, of Helix’s issued and outstanding ordinary shares were present. ...READ MORE

Metal Sky Star Acquisition Corp. (MSSAU) Prices $100M IPO

Mar 31, 2022 IPOs by Marlena Haddad

Metal Sky Star Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MSSAU” Friday, April 1.

The new SPAC intends to acquire one or more growth businesses with a total enterprise value of between $300 million and $600 million. ...READ MORE

Poema Global (PPGH) Shareholders Approve Gogoro Deal

Mar 31, 2022 INTEL by Marlena Haddad

Poema Global (NASDAQ:PPGH) announced this afternoon that its shareholders have voted to approve its combination with two-wheeled EV battery charging network Gogoro.

The SPAC announced yesterday morning that it expected to close its combination, but shareholders still have until 5 pm ET tomorrow, April 1 to withdraw their redemption decisions. ...READ MORE

Artisan (ARTAU) Amends Prenetics Deal

Mar 31, 2022 INTEL by Marlena Haddad

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SCVX Corp. (SCVX) Cancels Non-Binding LOI. Continues the Search…

Mar 31, 2022 INTEL by Kristi Marvin

This afternoon, SCVX Corp. III (Nasdaq: SCVX), filed an 8-K announcing that they have terminated their previously announced non-binding LOI.

While not much was known about the company with which it had been negotiating (it was unnamed), it was disclosed that its focus was in the Environmental, Social, and Governance (ESG) space. ...READ MORE

The Latest SPAC News and Rumors: March 31, 2022

Mar 31, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Sarcos acquires RE2 Robotics, British insurance duo unveil SPAC in London, and SomaLogic sees record sales in 2021

Sarcos Acquires RE2 Robotics, Positions for Expansion

Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) announced that the Company has reached a definitive merger agreement to acquire Pittsburgh-based RE2, Inc. ...READ MORE

Redwoods Acquisition Corp. (RWODU) Prices $100M IPO

Mar 31, 2022 IPOs by Marlena Haddad

Redwoods Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RWODU” Thursday, March 31.

The new SPAC intends to focus on the carbon neutral and energy storage industries with an enterprise value of approximately $250 million to $1 billion. ...READ MORE

Artemis Strategic (ARTE) to Combine with Novibet in $696M Deal

Mar 30, 2022 INTEL by Marlena Haddad

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Breakdown of the SEC’s Proposed SPAC Changes

Mar 30, 2022 INTEL by Kristi Marvin

In today’s much anticipated SEC Open Meeting to discuss SPACs, one of the SEC commissioners, Hester Peirce, who came out against today’s proposed changes, inexplicably lost her internet connection as soon as she had a chance to speak and weigh in. ...READ MORE

New SPAC: A SPAC II to Identify Proptech and Fintech Targets

Mar 30, 2022 INTEL, New S-1 Filings by Marlena Haddad

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The Latest SPAC News and Rumors: March 30, 2022

Mar 30, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: SPACs face new threat from SEC, WeWork promotes CEO to chairman, and AMC eyes more strategic deals after stake in Hycroft

SPACs Face Fresh SEC Legal Threat for Overly Bullish Forecasts

SPAC sponsors who embellish projections about the companies they plan to take public face a new threat in a plan from the U.S. ...READ MORE