Power & Digital Infrastructure (XPDI) Shareholders Approve Core Scientific Deal
Power & Digital Infrastructure Acquisition Corp. (NASDAQ:XPDI) announced that its shareholders approved its combination with blockchain hosting and crypto mining firm Core Scientific in a special meeting held yesterday.
Redemptions totaled 36% of XPDI’s common shares eligible to redeem, which is a very good result in the current SPAC market. ...READ MORE
SCVX Corp. (SCVX) Rebounds From Prior Termination and Drops a Teaser
Signs non-binding LOI
Earlier this morning, SCVX Corp. III (Nasdaq: SCVX), announced they have signed a non-binding LOI with an unnamed company in the Environmental, Social, and Governance (ESG) space. The target company’s existing shareholders are also anticipated to roll over 100% of their equity. ...READ MORE
Banyan Acquisition Corporation (BYN.U) Prices Upsized $210M IPO
Banyan Acquisition Corporation announced the pricing of its upsized $210 million IPO and its units are expected to begin trading on the NYSE under the symbol “BYN.U” Thursday, January 20.
The new SPAC intends to focus its search on iconic brands or established platforms in the foodservice industry that are leaders in their respective categories. ...READ MORE
DUET Acquisition Corp. (DUETU) Prices $75M IPO
DUET Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the NASDAQ under the symbol “DUETU” Thursday, January 20.
The new SPAC intends to focus its search on disruptive change-maker technology enterprises that are capitalizing on the digital shift. ...READ MORE
The Latest SPAC News and Rumors: January 19, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Angel investors plan to list SPAC targeting African startups; House Minority Leader Kevin McCarthy makes Rumble preferred platform
Angel Investors Plan Rare SPAC Targeting African Startups
A pair of early-stage investors, who have made fivefold returns funding African startups since 2017, said they plan to list a blank-check company targeting technology companies from the continent. ...READ MORE
ACE Convergence (ACEV) Adds $200M to Tempo Automation Deal
ACE Convergence Acquisition Corp. (NASDAQ:ACEV) has secured its combination with electronics manufacturer Tempo Automation with $200 million in convertible notes financing announced this morning.
This new money will replace $54 million originally destined for the post-combination company in the form of a senior debt facility and is made up of $175 million from Oaktree Capital Management and $25 million from an ACE Convergence affiliate. ...READ MORE
AIB Acquisition Corp. (AIBBU) Prices $75M IPO
AIB Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AIBBU” Wednesday, January 19.
The new SPAC intends to focus its search on businesses in the fintech industry with a total enterprise value between $225 million and $375 million. ...READ MORE
Oaktree Acquisition Corp. II (OACB) Upsizes PIPE for Alvotech Deal
Oaktree II (NYSE:OACB) announced this afternoon it has secured an additional $21 million in funding for a total PIPE size of approximately $175 million to finance its combination with biopharma company Alvotech. ...READ MORE
Gores Metropoulos II, Inc. (GMII) Shareholders Approve Sonder Deal
Gores Metropoulos II, Inc. (NASDAQ:GMII) announced that its shareholders have approved its combination with next-generation hospitality firm Sonder Holdings in a special meeting held Friday, January 14.
The press release did not disclose redemption amounts, but presumably that will be filed shortly. ...READ MORE
The Latest SPAC News and Rumors: January 18, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: GP Bullhound to join Amsterdam SPAC rush, Baron Davis SPAC in talks with esports startup ReKTGlobal, and Wag in merger talks with CHW
Spotify Backer GP Bullhound to Join Amsterdam SPAC Rush, Sources Say
Technology investment firm GP Bullhound, which has financed some of Europe’s most prominent startups, is planning to list a SPAC in Amsterdam. ...READ MORE
Yellowstone Acquisition Company (YSAC) Adds FPA to Sky Harbour Deal
Yellowstone Acquisition Company (NYSE:YSAC) announced this morning that it has supplemented the financing for its business combination with airport hanger manager Sky Harbour by adding a forward purchase agreement.
The FPA will include financing up to $70 million through an affiliate of Atalaya Capital Management LP. ...READ MORE
Pioneer Merger Corp. (PACX) and Acorns Mutually Terminate Deal
Pioneer Merger Corp. (Nasdaq:PACX) and Acorns, the saving and investing app, announced this morning via 8-K that they have opted to mutually terminate their business combination agreement.
While we do not have a formal press release, according to Bloomberg, the deal was terminated due to market conditions. ...READ MORE
CF Acquisition Corp. V (CFV) Adds $150M to Satellogic Deal
CF Acquisition Corp V. (NASDAQ:CFV) announced this morning that it has added $150 million to its combination with orbital imagery company Satellogic.
The new investment comes from Steven Mnuchin’s private equity firm Liberty Strategic Capital, bringing the total capital raised to more than $265 million, net of expected redemptions of CFV stock, and including a $100 million combined investment led by SoftBank and Cantor Fitzgerald, among other institutional investors. ...READ MORE
Poema Global Holdings Corp. (PPGH) Adds $27.5M to Gogoro PIPE
Poema Global Holdings Corp. (NASDAQ:PPGH) announced this morning that it has added $27.5 million to the PIPE for its combination with e-bike charging network provider Gogoro.
The new investment at $10 per share comes from Gogoro strategic partner Hero MotoCorp and ESG investor Engine No. ...READ MORE
SPAC IPO Terms Tracker: Higher Index Ahead of MLK Jr. Day
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Technology & Telecommunication Acquisition Corp. (TETEU) Prices $100M IPO
Technology & Telecommunication Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TETEU” Tuesday, January 18. ...READ MORE
The Latest SPAC News and Rumors: January 14, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Akulaku mulls $2B merger and Tiger Woods-backed SPAC files to seek sports and health targets
Ant-Backed Akulaku Mulls SPAC Merger at $2 Billion Value
Akulaku Inc., ...READ MORE