Goldenstone Acquisition Limited (GDSTU) Prices $50M IPO

Mar 16, 2022 IPOs by Marlena Haddad

Goldenstone Acquisition Limited announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GDSTU” Thursday, March 17.

The new SPAC intends to acquire a growth-oriented business with an enterprise value between $150 million and $500 million although, they will not undertake an initial business combination with any entity headquartered in, or conducts the majority of its business in China (including Hong Kong and Macau). ...READ MORE

The Latest SPAC News and Rumors: March 16, 2022

Mar 16, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Neuberger Berman raises $1.95B to co-sponsor SPACs, Eve signs LOI with Global Crossing Airlines, and Rubicon enters into three year partnership with city of Houston

Neuberger Berman Raises $1.95 Billion to Co-Sponsor SPACs

Asset manager Neuberger Berman has collected $1.95 billion for a debut fund to sponsor SPACs alongside CC Capital Partners, a private investment firm formed and led by ex- Blackstone Inc. ...READ MORE

Tailwind Two Acquisition Corp. (TWNT) Amends Terran Orbital Deal Terms

Mar 16, 2022 INTEL by Nicholas Alan Clayton

Tailwind Two (NYSE:TWNT) has amended its combination agreement with satellite manufacturer Terran Orbital with key tweaks for the transaction’s closure.

The largest change is a requirement that the SPAC not incur redemptions of 85% or more. ...READ MORE

Podcast: Waldencast Acquisition Corp. CEO Michael Brousset

Mar 16, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week, we speak with with Michel Brousset, CEO of Waldencast Acquisition Corp. (Nasdaq: WALD)

Waldencast announced a $1.2 billion three-way combination with skincare and cosmetics brands Obagi and Milk Makeup in November. ...READ MORE

Bridgetown 2 Holdings Limited (BTNB) Shareholders Approve PropertyGuru Deal

Mar 16, 2022 INTEL by Marlena Haddad

Bridgetown 2 Holdings Limited (NASDAQ:BTNB) announced this morning that its shareholders have voted to approve its combination with Asian proptech firm PropertyGuru.

Redemptions removed about $177.4 million from the transaction, but this nonetheless counts as a victory for both the SPAC and the transaction in the current market. ...READ MORE

Motive Capital Corp. (MOTV) Shareholders Approve Forge Global Deal

Mar 15, 2022 INTEL by Marlena Haddad

Motive Capital Corp. (NYSE:MOTV) announced this afternoon that its shareholders have voted to approve its combination with investment marketplace Forge Global, Inc.

Approximately 93.98% of the votes cast at today’s special meeting voted to approve the business combination with Forge. ...READ MORE

Zanite Acquisition Corp. (ZNTE) Adds $2.3M to PIPE for Eve Deal

Mar 15, 2022 INTEL by Marlena Haddad

Zanite (NASDAQ:ZNTE) announced this afternoon in an 8-K that it has added $2.3 million to the PIPE for its combination with electric vertical take-off and landing vehicle (eVTOL) manufacturer Eve.

On March 9, the SPAC entered into a subscription agreement with an additional “strategic investor” that subscribed for an aggregate of 230,000 shares of common stock for $2.3 million. ...READ MORE

The Latest SPAC News and Rumors: March 15, 2022

Mar 15, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Hong Kong’s first SPAC aims for $1B, Joby nears completion of air carrier certification, and Terran Orbital awarded Lockheed Martin contract

Hong Kong’s First SPAC Aquila Aiming for $1B

Aquila Acquisition (7836), Hong Kong’s first SPAC, is aiming to raise about HK$1 billion after setting its offering price at HK$1.05 million per board lot. ...READ MORE

The Latest SPAC News and Rumors: March 14, 2022

Mar 14, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Electric Last Mile discloses SEC probe, Ginkgo Bioworks acquires FGen AG, and Astra announces multi-launch contract and first launch with Spaceflight Inc.

VPC Impact Acquisition Holdings II (VPCB) Terminates Kredivo Deal

Mar 14, 2022 INTEL by Nicholas Alan Clayton

VPC Impact II (NASDAQ:VPCB) announced this morning that it has mutually terminated its combination with Southeast Asian fintech platform Kredivo.

As with other recent terminations, the parties cited “market conditions” as the cause, but this isn’t a true break up of the two sides. ...READ MORE

SPAC IPO Terms Tracker: Challenging Market Conditions Continue

Mar 12, 2022 INTEL by sam.beattie

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The Latest SPAC News and Rumors: March 11, 2022

Mar 11, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Byju’s founder in $800M funding round with BlackRock, Wag!

Rosecliff Acquisition Corp I (RCLF) Terminates Gett Deal

Mar 11, 2022 INTEL by Nicholas Alan Clayton

Rosecliff Acquisition Corp I (NASDAQ:RCLF) announced this morning that it has mutually terminated its combination with ground transport management company Gett after a review of market conditions.

However, these “market conditions” also coincide with this deal possibly being the first SPAC casualty of the Russia-Ukraine war. ...READ MORE

Top 3 SPAC Targets – Energy Prices

Mar 11, 2022 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies set to see increased demand among elevated energy prices. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

Nubia Brand International Corp. (NUBIU) Prices Upsized $110M IPO

Mar 10, 2022 IPOs by Marlena Haddad

Nubia Brand International Corp. announced the pricing of its upsized $110 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NUBIU” Friday, March 11. ...READ MORE

B. Riley Principal 150 Merger Corp. (BRPM) and FaZe Clan Waive Minimum Cash

Mar 10, 2022 INTEL by Marlena Haddad

B. Riley Principal 150 Merger Corp. (NASDAQ:BRPM) announced this afternoon that it has amended its merger agreement, waived the minimum cash condition, and entered into a bridge loan agreement in connection to its proposed merger with digital content platform FaZe Clan. ...READ MORE

The Latest SPAC News and Rumors: March 10, 2022

Mar 10, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Satellogic announces launch of new satellites, crypto exchange Bullish eyes debut amid regulatory delays, and China bars mainland brokers from promoting SPACs

Satellogic Announces Upcoming Launch of Five New Satellites Onboard SpaceX Transporter-4 Mission

Satellogic Inc. ...READ MORE

MedTech (MTAC) Terminates Memic Deal Ahead of Completion Vote

Mar 10, 2022 INTEL by Marlena Haddad

MedTech (NASDAQ:MTAC) terminated its combination with surgical technology company Memic this morning after adjourning it’s scheduled meeting to complete yesterday to this morning at 11AM.

Yesterday’s meeting received sufficient turnout and affirmative votes, but adjourned without finalizing any business. ...READ MORE

Patria Latin American Opportunity Acquisition Corp. (PLAOU) Prices $200M IPO

Mar 9, 2022 IPOs by Marlena Haddad

Patria Latin American Opportunity announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PLAOU” Thursday, March 10.

The new SPAC intends to focus its search in Latin America and in sectors where Patria has developed investment expertise, including but not limited to healthcare, food and beverage, logistics, agribusiness, education, and financial services. ...READ MORE

FirstMark Horizon (FMAC) Arranges Non-Redemption Agreement for Starry Deal

Mar 9, 2022 INTEL by Marlena Haddad

FirstMark Horizon Acquisition Corp. (NYSE:FMAC) announced this afternoon that it entered into a Non-Redemption Agreement alongside certain accredited investors and Starry Group Holdings.

According to the Non-Redemption Agreement, certain investors of FirstMark agreed not to redeem their shares, representing 2,398,613 shares in the aggregate, at the Starry completion vote scheduled for Wednesday, March 16. ...READ MORE