ECP Environmental Growth Opportunities Corp. (ENNV) Shareholders Approve Fast Radius Deal

ECP Environmental Growth Opportunities (NASDAQ:ENNV) announced this morning that its shareholders have approved its combination with digital supply chain firm Fast Radius in a special meeting held on Wednesday.

The parties disclosed that holders of 31,512,573 shares, par value $0.0001 per share, of ENNV exercised their right to redeem for cash at a redemption price of approximately $10.01 per share for an aggregate redemption amount of approximately $315.4 million. ...READ MORE

Top 3 SPAC Targets – Consumer Staples

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies producing consumer staples. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

SilverBox Engaged I (SBEA) Shareholders Approve Black Rifle Coffee Deal

SilverBox I (NASDAQ:SBEA) announced this afternoon that its shareholders have approved its combination with Black Rifle Coffee in a shareholder meeting held earlier this morning.

This announcement comes as no surprise as the SPAC announced a preliminary approval of the deal in a press release yesterday. ...READ MORE

The Latest SPAC News and Rumors: February 3, 2022

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

Latest SPAC News:  Co-founders of Electric Last Mile Solutions resign, and Bakkt provides preliminary financial results for 4Q21

Co-Founders of Embattled EV SPAC Exit After Bumpy Last Mile 

The co-founders of Electric Last Mile Solutions Inc. ...READ MORE

Queen’s Gambit Growth Capital (GMBT) Adds $21.5M to Swvl PIPE

Queen’s Gambit (NASDAQ:GMBT) has added $21.5 million to the PIPE for its combination with Dubai-based ride-hailer Swvl one day after terminating a previous forward-purchase agreement (FPA).

These additions bring the total PIPE proceeds to $121.5 million and include commitments from the European Bank for Reconstruction and Development (EBRD), Agility, Luxor Capital Group, Chimera, and Zain. ...READ MORE

The Latest SPAC News and Rumors: February 2, 2022

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

Latest SPAC News: Voltus lines up bitcoin mine to provide capacity to PJM, Azerion NV lists in Amsterdam at $1.2B market cap, and Embraer’s subsidiary Eve expects 25% gross profit margin

Voltus Lines Up 100-Megawatt Bitcoin Mine to Provide Capacity to PJM Grid

Voltus Inc., ...READ MORE

SilverBox Engaged Merger Corp I (SBEA) Pre-Announces Black Rifle Coffee Deal Approval

SilverBox I (NYSE:IVAN) announced this morning that it expects to receive shareholder approval for its business combination with Black Rifle Coffee, but indicated that the company faced not insignificant redemptions.

The SPAC now expects the deal to deliver $373 million in gross proceeds. ...READ MORE

Environmental Impact (ENVI) Shareholders Approve GreenLight BioSciences Deal

Environmental Impact Acquisition Corp. (NASDAQ:ENVI) announced this afternoon that its shareholders have approved its combination with biotech firm GreenLight in a special meeting held yesterday.

The 8-K filing did not disclose redemption amounts, but ENVI closed yesterday at $8.57. ...READ MORE

Spring Valley Acquisition Corporation (SV) Adds $30M to NuScale PIPE

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

Ivanhoe Capital (IVAN) Shareholders Approve SES Deal

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 (GMBT) Terminates FPA

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 (MCMJ) Shareholders Approve Leafly Deal

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

The Latest SPAC News and Rumors: February 1, 2022

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

Latest SPAC News: Primavera files for Hong Kong SPAC

Ex-Goldman Rainmaker’s Primavera Files for Hong Kong SPAC

Primavera Capital, the Chinese private equity firm started by former Goldman Sachs Group Inc. ...READ MORE