Afternoon SPAC News Roundup: February 20, 2024
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Acri Capital Acquisition Corporation (ACAC) to Combine with Foxx Development in $50M Deal
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Morning SPAC News Roundup: February 20, 2024
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SPAC IPO Terms Tracker: February 16, 2024
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Afternoon SPAC News Roundup: February 16, 2024
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Morning SPAC News Roundup: February 16, 2024
At the SPAC of Dawn
A great number of SPACs entered 2024 in a sense of drift with many attempting to carry combinations to close that had been pending for a year or more and uncertainty loomed with SEC and Fed decisions still in the air. ...READ MORE
Afternoon SPAC News Roundup: February 15, 2024
Deals and Funding
- Integrated Wellness (NYSE:WEL) has signed a letter of intent to combine with Btab Ecommerce Group (OTC:BBTT) at an initial enterprise value of $250 million.
- Tevogen Bio (NASDAQ:TVGN), which yesterday closed its combination with Phoenix Biotech (NASDAQ:PBAX), has signed a securities purchase agreement under which the investor will pay $8 million for Series A Preferred stock that is convertible into 2,000,000 shares ($4 per share).
Morning SPAC News Roundup: February 15, 2024
At the SPAC of Dawn
Much has been written about Digital World‘s (NASDAQ:DWAC) epic and at times seemingly quixotic journey to complete its combination with Trump Media and Technology Group (TMTG) including, of course, here at SPACInsider. ...READ MORE
Afternoon SPAC News Roundup: February 14, 2024
News and Rumors
- PR: ADAS technology company LeddarTech (NASDAQ:LDTC) has reduced the exercise price for its warrants to $11.17 per share from $11.50 to meet its anti-dilution provisions in view of the share dividends paid out by Prospector Capital, which took it public in a combination that closed in December.
ARYA Sciences Acquisition Corp IV (ARYD) to Combine with Adagio Medical in $113M Deal
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Morning SPAC News Roundup: February 14, 2024
At the SPAC of Dawn
Yesterday, SPACInsider dove into some of the internal drama that now appears to be hampering Digital World‘s (NASDAQ:DWAC) ability to close its combination with Trump Media & Technology Group (TMTG). ...READ MORE
Executive Drama at Digital World Acquisition Corp. (DWAC) Provides New Source of Risk
Digital World‘s (NASDAQ:DWAC) saga-length journey gained a new chapter this week as the team added several new pages to the “Risk Factors” section of its amended S-4, each concerning internal fights that could potentially derail the deal’s close. ...READ MORE
Continental Intervenes in Rose Hill’s Efforts to Dip into Trust Money
One of the weirder recent developments in SPAC World is regarding Rose Hill Acquisition Corp. Rose Hill, which had a completion deadline of January 19, 2024, attempted to claw back redemptions in order to pay their creditors. ...READ MORE
99 Acquisition Group (NNAG) to Combine with Nava Health in $320M Deal
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Morning SPAC News Roundup: February 13, 2024
At the SPAC of Dawn
In our first Let’s Settle This poll late last month, we took the pulse of where SPAC watchers thought the overall market for fresh SPAC IPOs was headed on the eve of the Fed’s January 31 comments. ...READ MORE
Morning SPAC News Roundup: February 12, 2024
At the SPAC of Dawn
SPACs have filed little business in the wake of the scores and gyrations of the Chiefs and Usher respectively last night (as accurately predicted by SPACInsider readers), but the week looks to pick up steam with four completion votes on the docket. ...READ MORE
SPAC IPO Terms Tracker: February 9, 2024
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Digital World Acquisition Corp. (DWAC) Adds $50M PIPE with Generous Investor Terms
Digital World Acquisition Corp. (NASDAQ:DWAC) has added a $50 million PIPE made up of convertible notes that convert to units at $8 per unit bearing one common share and a half warrant. ...READ MORE
Flame Acquisition Corp. (FLME) Previews Encouraging Redemptions for Sable Offshore Deal
Flame (NYSE:FLME) tipped in an 8-K this morning that only 150,823 shares were redeemed by the deadline ahead of its February 12 vote to complete its combination with Sable Offshore, demonstrating that fundamental investors are still sticking to some SPAC deals. ...READ MORE
Morning SPAC News Roundup: February 9, 2024
At the SPAC of Dawn
SPACInsider readers have spoken once again, and this time SPAC watchers are predicting an upset.
Respondents to the latest Let’s Settle This poll are predicting the Kansas City Chiefs to win or at least come within two once Super Bowl LVIII hits the final buzzer this weekend. ...READ MORE