The Latest SPAC News and Rumors: April 21, 2022

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

Latest SPAC News: Hedge fund bets against SPAC tied to Trump, Indian government eyes SPAC framework to enable new listing route, and Rezolve partners with Computop

Hedge Fund Bets Against a SPAC Tied to Trump After Truth Social ‘Disaster’

Hedge fund Kerrisdale Capital Management is betting against the shell company tied to Donald Trump, wagering that it will fail to get regulatory approval to merge with his media company and take it public. ...READ MORE

The Latest SPAC News and Rumors: April 20, 2022

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

Latest SPAC News: Wag! announces record 1Q results, Semantix launches new analytics feature, and Presto partners with Famous Dave’s

Wag!

Software Acquisition Group III (SWAG) Adds $60M PIPE to Nogin Deal

Software Acquisition Group III (NASDAQ:SWAG) has added $60 million in convertible note financing to its combination with cloud software firm Nogin, which will cover the transaction’s $50 million minimum cash condition. ...READ MORE

Oaktree II (OACB) Adds Backstops of Up to $250M to Alvotech Deal

Oaktree Acquisition Corp. II (NYSE:OACB) has added up to $250 million to its combination with biosimilar drugmaker Alvotech through two facilities to replace potential redemptions.

The backstops are made up of an $150 million standby equity purchase agreement (SEPA) from YA II PN, an affiliate of Oaktree II’s sponsor, and a binding term sheet providing $75 million to $125 million in debt from Sculptor Capital Management. ...READ MORE

BRC (BRCC) Announces Redemption Fair Market Value of Warrants

BRC Inc. (NYSE:BRCC) announced this afternoon that it will be calling for a “redemption fair market value” for its previously announced redemption of outstanding warrants to determine the number of shares that will be issued on a cashless exercise. ...READ MORE

The Latest SPAC News and Rumors: April 19, 2022

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

Latest SPAC News: Billionaire Francois Pinault and partners set to buy Deezer in $1.1B deal, Singapore SPACs draw investor interest, and Lilium hit with investor lawsuit

Billionaire Francois Pinault and Partners Are Set to Buy Deezer in a $1.1 Billion Deal

Billionaire Francois Pinault and the other founders of a blank-check firm are buying music-streaming platform Deezer in a deal valued at more than $1 billion. ...READ MORE

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

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