Trebia Acquisition Corp. (NYSE:TREB) announced that its shareholders approved its combination with marketing platform System1 and Protected.net in a special meeting held earlier today.
Although the press release did not disclose redemption amounts, TREB traded below $10 throughout its redemption deadline January 18, and opened today at $8.23. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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
Generation Asia I Acquisition Limited announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “GAQ.U” Thursday, January 20. ...READ MORE
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
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
Banyan Acquisition Corporation announced the pricing of its upsized $210 million IPO and its units are expected to begin trading on the NYSE under the symbol “BYN.U” Thursday, January 20.
The new SPAC intends to focus its search on iconic brands or established platforms in the foodservice industry that are leaders in their respective categories. ...READ MORE
DUET Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the NASDAQ under the symbol “DUETU” Thursday, January 20.
The new SPAC intends to focus its search on disruptive change-maker technology enterprises that are capitalizing on the digital shift. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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 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
AIB Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AIBBU” Wednesday, January 19.
The new SPAC intends to focus its search on businesses in the fintech industry with a total enterprise value between $225 million and $375 million. ...READ MORE
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. (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
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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 (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. (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. (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. (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
