Top 3 SPAC Targets – Agriculture Amid Food Crisis

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

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

Poema Global (PPGH) Shareholders Approve Gogoro Deal

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

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

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

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

Breakdown of the SEC’s Proposed SPAC Changes

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

The Latest SPAC News and Rumors: March 30, 2022

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

Queen’s Gambit (GMBT) Shareholders Approve Swvl Deal

Queen’s Gambit Growth Capital (NASDAQ:GMBT) announced this morning that its shareholders have voted to approve its combination with mobility tech firm Swvl.

The SPAC announced its redemption results in a press release yesterday stating that 29,227,806 shares were redeemed, or approximately 84.72%, for a pro rata portion of the funds in the trust account. ...READ MORE

OnlyFans Reportedly Trying to Get into Bed With SPACs

Social content platform OnlyFans has reportedly engaged in talks with multiple SPACs, but has so far failed to seal the deal, according to a report in Axios.

The influencer platform, which is known primarily for hosting explicit sexual content, projected it could swell its income to $1.2 billion in 2021 and $2.5 billion in a March 2021 pitch deck reportedly obtained by the news service. ...READ MORE

Poema Global (PPGH) Pre-Announces Expectation of Closing Gogoro Deal

Poema Global (NASDAQ:PPGH) announced this morning that it expects to close its combination with two-wheeled EV battery charging network Gogoro on April 1, following a shareholder vote at 9:30 am ET tomorrow. ...READ MORE

Queen’s Gambit (GMBT) Announces Preliminary Redemption Results

Queen’s Gambit (NASDAQ:GMBT) announced its redemption results in connection with its business combination with mobility tech firm Swvl ahead of its shareholder vote tomorrow.

The SPAC saw 29,227,806 shares redeemed, or approximately 84.72%, for a pro rata portion of the funds in the trust account, but the shareholders have until 3:00 p.m. ...READ MORE

The Latest SPAC News and Rumors: March 29, 2022

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

Latest SPAC News: Ginkgo Bioworks Q4 revenues quadruple, and Volta sees sharp drop after founders resign

Ginkgo Bioworks Reports Fourth Quarter and Full Year 2021 Financial Results

Ginkgo Bioworks Holdings, Inc. ...READ MORE

Spring Valley Acquisition Corp. (SV) Adds $10M PIPE to NuScale Deal

Spring Valley (NASDAQ:SV) has added $10 million to its PIPE from investment firm SailingStone Capital Partners at $10 per share for its combination with small-scale nuclear fission reactor-maker Nuscale.

This amount brings its total PIPE proceeds to $221, which is more than enough to fulfill the deal’s $200 million minimum cash condition, adding to Spring Valley’s roughly $232 million in trust before redemptions. ...READ MORE