The Latest SPAC News and Rumors: April 25, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bed Bath & Beyond draws interest from Tailwind SPAC, Swvl buys Turkish transit firm, and crypto platform investors sue SPAC execs over accounting
Bed Bath & Beyond Stock Jumps on Report Company Received Bids for BuyBuy Baby Unit
Bed Bath & Beyond’s (NASDAQ:BBY) shares jumped Friday on news that the company is considering offers to buy its BuyBuy Baby business. ...READ MORE
Crescent Term Kicks in and Starry (STRY) Adjusts Warrant Exercise Price
Starry Group Holdings (NYSE:STRY) announced this morning that it will be reducing the warrant exercise price and adjusting the redemption trigger price as a result of the Crescent Term being triggered. ...READ MORE
BOA (BOAS) Secures $147.5M for Selina Deal
BOA Acquisition Corp. (NYSE:BOAS) has added $147.5 million in convertible note financing to its combination with hospitality brand Selina.
Although the press release does not disclose who the additional financing is from, Sam Khazary, Selina Senior Vice President and Global Head of Corporate Development, thanked Oppenheimer & Co. ...READ MORE
ITHAX (ITHX) Upsizes PIPE for Mondee Deal
ITHAX Acquisition Corp. (NASDAQ:ITHX) announced this morning it has secured an additional $20 million in funding for a total PIPE size of approximately $70 million to finance its combination with technology-first travel marketplace company Mondee. ...READ MORE
SPAC IPO Terms Tracker: Week of Withdrawals
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TradeUP Global Corp. (TUGC) Shareholders Approve SAITECH Limited Deal
TradeUP Global Corp. (NASDAQ:TUGC) announced this afternoon that its shareholders have voted to approve its combination with crypto-mining equipment maker SAITECH.
Holders of 4,311,707 of TUGC’s ordinary shares, representing approximately 73.9% of the shares outstanding, were present at today’s meeting. ...READ MORE
The Latest SPAC News and Rumors: April 22, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Truth Social migrates to Rumble cloud and NuScale Power collaborates with U.S.
...READ MORE
Top 3 SPAC Targets – Singapore
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among Singapore-based companies. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
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!
...READ MORE
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
Podcast: D-Wave CEO Alan Baratz & DPCM Capital’s Chairman and CEO Emil Michael
This week, we will be speaking with Alan Baratz, CEO of D-Wave, and DPCM Capital Chairman and CEO Emil Michael.
D-Wave has developed quantum computing machines that are already powering cloud-based applications to solve business problems today. ...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
Yotta Acquisition Corp. (YOTAU) Prices $100M IPO
Yotta Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YOTAU” Wednesday, April 20, 2022.
The new SPAC intends to focus on high technology, blockchain, software and hardware, e-commerce, social media, and other general business industries globally. ...READ MORE