Spring Valley (NASDAQ:SV) has added $30 million more to the PIPE for its combination with nuclear power developer NuScale, bringing total PIPE proceeds to $211 million.
This additional financing ensures that the SPAC will meet the transaction’s $200 million minimum cash condition regardless of redemptions as the parties work towards a close in the second quarter of 2022. ...READ MORE
This week we speak with Robert Piconi, Co-Founder and CEO of Energy Vault. Energy Vault entered into a $1.1 billion combination agreement with Novus Capital II (NYSE: NXU) in September of 2021. ...READ MORE
Ivanhoe Capital (NYSE:IVAN) announced this afternoon that its shareholders have approved its combination with EV battery-maker SES in a special meeting held this morning.
The SPAC announced a preliminary approval of the business combination yesterday, however, Ivanhoe disclosed in an 8-K filing that 22,455,850 shares were presented for redemption, representing 81.362% of the SPACs trust. ...READ MORE
Queen’s Gambit Growth Capital (NASDAQ:GMBT) announced this afternoon that it has terminated its forward purchase agreement (FPA) and subscription agreement in connection to its business combination with mobility tech firm Swvl. ...READ MORE
Merida Merger Corp. I (NASDAQ:MCMJ) announced this afternoon that its shareholders have approved its combination with cannabis enterprise Leafly in a special meeting held this morning.
Although the 8-K filing did not disclose redemption amounts, MCMJ traded below its trust value throughout its redemption deadline January 28, and fell 8.42% today, closing at $6.53. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Primavera Capital, the Chinese private equity firm started by former Goldman Sachs Group Inc. ...READ MORE
Novus Capital Corp. II (NYSE:NXU) announced this morning that it has added $50 million to the PIPE and entered into a licensing agreement for its combination with kinetic energy storage company Energy Vault. ...READ MORE
ECP (NASDAQ:ENNV) announced this morning that it had adjourned the January 31 special meeting convened for its completion vote until February 2, while altering the terms of its combination with supply chain technology firm Fast Radius. ...READ MORE
Alset Capital Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACAXU” Tuesday, February 1.
The new SPAC intends to focus its search on businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space. ...READ MORE
CITIC (NYSE:CCAC) announced this afternoon that its shareholders have approved its combination with lidar-maker Quanergy in a special meeting held this morning.
A total of 23,993,179, or 69.55%, of the company’s issued and outstanding ordinary shares were present either in person or by proxy at today’s meeting. ...READ MORE
Ivanhoe Capital (NYSE:IVAN) announced this afternoon that it expects to receive shareholder approval at its special meeting set to vote on its combination with EV battery-maker SES tomorrow.
This vote will not be final until after the meeting concludes tomorrow, but considering the good results in a very challenging market environment, a press release of this nature is certainly welcome. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
India’s most valuable startup, the online education provider Byju’s, is in negotiations with at least three SPACs and is aiming to unveil plans to go public via a merger with one of them in three to four weeks, according to people familiar with the matter. ...READ MORE
Blue World Acquisition Corporation announced the pricing of its $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BWAQU” Monday, January 31.
The new SPAC intends to focus on opportunities in marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, and related industry segments globally. ...READ MORE
As another special episode, and some bonus weekend-content, Niccolo de Masi, the CEO of the dMY Technology SPACs, is back to discuss the 2022 SPAC market.
Niccolo previously spoke with us in November to give us his views on the challenging SPAC environment in the fourth quarter of 2021. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Rigetti Computing, a pioneer in hybrid quantum-classical computing systems, announced today it has been selected to deliver hardware, software and benchmarks for phase two of a DARPA (Defense Advanced Research Projects Agency) program to develop quantum computers capable of solving complex optimization problems. ...READ MORE
