Shareholder Votes This Week
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The Latest SPAC News and Rumors: March 28, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Swvl partners with Moove to rollout EV buses, and private equity firm PAG eyes $2B in Hong Kong IPO plan
Swvl and Moove Partner to Rollout EV Buses
Swvl, a global provider of transformative tech-enabled mass transit solutions, and Moove, the world’s first mobility fintech, today announced that they have entered into a partnership to scale Moove’s revenue-based vehicle financing model across the MENAP (Middle East, North Africa, and Pakistan) region, as well as expand vehicle classes to include electric buses. ...READ MORE
FirstMark Horizon (FMAC) Drops PIPE Price to $7.50 Following Vote
FirstMark Horizon (NASDAQ:AMAO) announced this morning that it is working to close its combination with internet service provider Starry, but has made significant changes to the deal.
Shareholders voted to approve the transaction two weeks ago on March 16, but most likely redemptions and a decision that the post-transaction company would hold certain levels of debt prompted a re-negotiation with PIPE investors. ...READ MORE
Gesher I Acquisition Corp. (GIAC) Tweaks FPA and Adds Backstop
Gesher I (NASDAQ:GIAC) announced changes to its forward-purchase agreement (FPA) in an 8-K filed this morning while adding a $10 million backstop.
The SPAC listed in October 2021 with a $45 million FPA and has amended this to note that its “lead forward purchaser” is in for $40 million in units at $10 per unit, but it is unclear if this is a change in the total amount of the FPA. ...READ MORE
SPAC IPO Terms Tracker: Another Quiet Week
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American Acquisition Opportunity Inc. (AMAO) Adds FPA
American Acquisition Opportunity Inc. (NASDAQ:AMAO) announced redemption results this afternoon as well as its new forward purchase agreement with certain accredited investors.
On Monday, March 21, AMAO held a special meeting to vote on three proposals after adjourning its meeting held on March 18. ...READ MORE
Highland Transcend Partners I Corp. (HTPA) Terminates Packable Deal
Highland Transcend Partners I Corp. (NYSE:HTPA) announced this afternoon that it has mutually terminated its combination with ecommerce service provider Packable.
As with other recent terminations, the parties cited “current unfavorable market conditions” as the cause of the breakup. ...READ MORE
Gores Guggenheim (GGPI) Adds New PIPE to Polestar Deal
Gores Guggenheim (NASDAQ:GGPI) has added $27.2 million more to its PIPE for its deal with Swedish electric vehicle-maker (EV) Polestar.
As background, Gores Guggenheim arranged a $136 million new PIPE for the deal in December of 2021. ...READ MORE
The Latest SPAC News and Rumors: March 25, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Momentus completes testing on Vigoride vehicle for inaugural mission
Momentus’ Vigoride Vehicle Completes Thermal Vacuum Testing
Momentus Inc. ...READ MORE
Emerging Markets Horizon (HORI) Changes Board and Focus in Response to Sanctions
Emerging Markets Horizon Corp. (NASDAQ:HORI) has announced management changes to avoid being caught up in the sanctions against Russia.
The SPAC had formerly been partially sponsored by VTB Bank, one of several Russian banks sanctioned by the US and others. ...READ MORE
Top 3 SPAC Targets – US/UK Trade
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 standing to benefit in a new US-UK trade deal. ...READ MORE
The Latest SPAC News and Rumors: March 24, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Polestar 2 vehicle now available in US and Joby resumes flight testing of eVTOL aircraft
Polestar 2 Single Motor Electric Vehicle Now Available in United States
Polestar, the premium electric performance car maker, today announced inbound availability of the all-electric Polestar 2 Long range Single motor fastback in the United States. ...READ MORE
RF Acquisition Corp. (RFACU) Prices $100M IPO
RF Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RFACU” Thursday, March 24.
The new SPAC intends to search globally for target companies within the Southeast Asian new economy sector or elsewhere. ...READ MORE
The Latest SPAC News and Rumors: March 23, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Forge Global soars first day of trading, and Firefly eyes SPAC deal
Blythe Masters SPAC Merger Sends Forge Global Stock Soaring
Forge Global Holdings Inc. ...READ MORE
