The Latest SPAC News and Rumors: January 20, 2022

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

Latest SPAC News: Temasek unit-backed SPAC rises in Singapore trading debut, and Tokyo bourse chief says SPACs possible in Japan

Temasek Unit-Backed SPAC Rises 1% in Singapore Trading Debut

The first blank-check company to debut in Singapore climbed 1% in its first day of trading after an offering that attracted strong demand from retail and institutional investors. ...READ MORE

Power & Digital Infrastructure (XPDI) Shareholders Approve Core Scientific Deal

Power & Digital Infrastructure Acquisition Corp. (NASDAQ:XPDI) announced that its shareholders approved its combination with blockchain hosting and crypto mining firm Core Scientific in a special meeting held yesterday.

Redemptions totaled 36% of XPDI’s common shares eligible to redeem, which is a very good result in the current SPAC market. ...READ MORE

SCVX Corp. (SCVX) Rebounds From Prior Termination and Drops a Teaser

Signs non-binding LOI 

Earlier this morning, SCVX Corp. III (Nasdaq: SCVX), announced they have signed a non-binding LOI with an unnamed company in the Environmental, Social, and Governance (ESG) space. The target company’s existing shareholders  are also anticipated to roll over 100% of their equity. ...READ MORE

The Latest SPAC News and Rumors: January 19, 2022

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

Latest SPAC News:  Angel investors plan to list SPAC targeting African startups; House Minority Leader Kevin McCarthy makes Rumble preferred platform 

Angel Investors Plan Rare SPAC Targeting African Startups

A pair of early-stage investors, who have made fivefold returns funding African startups since 2017, said they plan to list a blank-check company targeting technology companies from the continent. ...READ MORE

ACE Convergence (ACEV) Adds $200M to Tempo Automation Deal

ACE Convergence Acquisition Corp. (NASDAQ:ACEV) has secured its combination with electronics manufacturer Tempo Automation with $200 million in convertible notes financing announced this morning.

This new money will replace $54 million originally destined for the post-combination company in the form of a senior debt facility and is made up of $175 million from Oaktree Capital Management and $25 million from an ACE Convergence affiliate. ...READ MORE

Oaktree Acquisition Corp. II (OACB) Upsizes PIPE for Alvotech Deal

Oaktree II (NYSE:OACB) announced this afternoon it has secured an additional $21 million in funding for a total PIPE size of approximately $175 million to finance its combination with biopharma company Alvotech. ...READ MORE

Gores Metropoulos II, Inc. (GMII) Shareholders Approve Sonder Deal

Gores Metropoulos II, Inc. (NASDAQ:GMII) announced that its shareholders have approved its combination with next-generation hospitality firm Sonder Holdings in a special meeting held Friday, January 14.

The press release did not disclose redemption amounts, but presumably that will be filed shortly. ...READ MORE

The Latest SPAC News and Rumors: January 18, 2022

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

Latest SPAC News:  GP Bullhound to join Amsterdam SPAC rush, Baron Davis SPAC in talks with esports startup ReKTGlobal, and Wag in merger talks with CHW

Spotify Backer GP Bullhound to Join Amsterdam SPAC Rush, Sources Say

Technology investment firm GP Bullhound, which has financed some of Europe’s most prominent startups, is planning to list a SPAC in Amsterdam. ...READ MORE

Yellowstone Acquisition Company (YSAC) Adds FPA to Sky Harbour Deal

Yellowstone Acquisition Company (NYSE:YSAC) announced this morning that it has supplemented the financing for its business combination with airport hanger manager Sky Harbour by adding a forward purchase agreement.

The FPA will include financing up to $70 million through an affiliate of Atalaya Capital Management LP.  ...READ MORE

Pioneer Merger Corp. (PACX) and Acorns Mutually Terminate Deal

Pioneer Merger Corp. (Nasdaq:PACX) and Acorns, the saving and investing app, announced this morning via 8-K that they have opted to mutually terminate their business combination agreement.

While we do not have a formal press release, according to Bloomberg, the deal was terminated due to market conditions. ...READ MORE

CF Acquisition Corp. V (CFV) Adds $150M to Satellogic Deal

CF Acquisition Corp V. (NASDAQ:CFV) announced this morning that it has added $150 million to its combination with orbital imagery company Satellogic.

The new investment comes from Steven Mnuchin’s private equity firm Liberty Strategic Capital, bringing the total capital raised to more than $265 million, net of expected redemptions of CFV stock, and including a $100 million combined investment led by SoftBank and Cantor Fitzgerald, among other institutional investors. ...READ MORE

Poema Global Holdings Corp. (PPGH) Adds $27.5M to Gogoro PIPE

Poema Global Holdings Corp. (NASDAQ:PPGH) announced this morning that it has  added $27.5 million to the PIPE for its combination with e-bike charging network provider Gogoro.

The new investment at $10 per share comes from Gogoro strategic partner Hero MotoCorp and ESG investor Engine No. ...READ MORE