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
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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 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
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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 (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. (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 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
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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 (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
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Hibiscus Petroleum Bhd. ...READ MORE
This week, we speak with Steve Van Till, CEO of Brivo, and Crown PropTech Acquisitions CEO Ricky Chera.
Brivo entered into an $808 million combination agreement with Crown PropTech Acquisitions (NYSE:CPTK) in November. ...READ MORE
Aura FAT Projects Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AFARU” Wednesday, April 13, 2022.
The new SPAC intends to focus on new emerging technology companies with an acute growth potential in Southeast Asia and Australasia in sectors such as the Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services sectors. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
OneDegree, a Hong Kong-based insurer of digital assets, has been approached by investment banks about going public through a blank-check company, its co-founder said. ...READ MORE
Concord Acquisition Corp.’s (NYSE:CND) crypto target, Circle, has received $400 million in funding with investments from BlackRock, Inc (NYSE:BLK), Fidelity Management and Research, Marshall Wace LLP and Fin Capital.
Although today’s investment is not directly associated with the business combination, Fidelity and Marshall Wace participated in the transaction’s original PIPE before it was cancelled and replaced with the current terms. ...READ MORE
