BYTE Acquisition Corp. (NASDAQ: BYTS) announced this morning that it has completed its business combination with video, sensor and data management platform Airship AI. Shareholders already approved the deal at a meeting held on December 19. ...READ MORE
Prospector (NASDAQ:PRSR) closed its combination with autonomous driving firm LeddarTech and the combined company’s shares and warrants are expected to begin trading on the Nasdaq under the symbols “LDTC” and “LDTCW” at the opening bell December 22. ...READ MORE
December has been a good month for de-SPAC exits.
Two weeks ago today, AbbVie (NYSE:ABBV) agreed to acquire neuroscience drug developer Cerevel Therapeutics (NASDAQ:CERE) for $45 per share three years after its combination with ARYA II, making it one of the most lucrative de-SPAC exits of all time. ...READ MORE
Innovative International Acquisition Corp. (NASDAQ:IOAC) announced this morning that its shareholders approved its business combination with car-sharing program Zoomcar during a special meeting held on December 19.
Present at the meeting were holders of approximately 9.7 million of IOAC’s ordinary shares, representing approximately 82% of the voting power of the company’s ordinary shares issued and outstanding. ...READ MORE
Aurora Technology (NASDAQ:ATAK) announced this afternoon that its shareholders approved its business combination with global robotics and virtual reality (“VR”) technology provider DIH Holding US during a special meeting held on December 18. ...READ MORE
EG Acquisition Corp. (NYSE:EGGF) shareholders approved its combination with private aviation firm flyExclusive, but the SPAC has delayed its scheduled takeoff into the public markets.
The SPAC had previously expected the transaction to close today, but it is still on the tarmac as its application to list on the NYSE American is still under review and it is waiting for all closing conditions to be waived or satisfied. ...READ MORE
“Go north, young man” could be the new refrain for EV companies looking to growth as Canada this week passed a law requiring all new vehicles to be emissions-free by 2035. ...READ MORE
SportsMap Tech Acquisition Corp. (NASDAQ:SMAP) announced this morning that it has closed its combination with intelligent thermal imaging provider Infrared Cameras Holdings (ICI).
Shareholders originally approved the combination during a meeting held on December 8. ...READ MORE
Brilliant Acquisition Corp. (NASDAQ:BRLI) announced this afternoon that its shareholders approved its business combination with crypto payments firm Nukkleus during a special meeting held on December 13.
The SPAC originally initiated its special meeting on December 1, at which time the chairman adjourned the meeting to December 13. ...READ MORE
Like many de-SPACs working their way through commercialization, ProSomnus (NASDAQ:OSA) has spent the first year of its public company life dealing with the turnover of shareholders coming out of the de-SPAC process and waiting for a patch of good news to generate some upward momentum. ...READ MORE
Banyan (NYSE:BYN) has signed a non-binding term sheet for $50 million in convertible notes on a five-year term for its combination with hospitality venture Pinstripes.
These are to be issued no later than December 29 and the parties expect the business combination will close by then. ...READ MORE
Innovative International Acquisition Corp. (NASDAQ:IOAC) announced in an 8-K this morning that it has entered into a subscription agreement with Ananda Trust, an affiliate of the sponsor, ahead of its completion vote for its merger with car-sharing program Zoomcar. ...READ MORE
Prospector Capital Corp. (NASDAQ:PRSR) announced this morning that its shareholders approved its business combination with autonomous driving technology firm LeddarTech during a special meeting held on December 13.
Voters representing over 85% of the issued and outstanding ordinary shares of Prospector cast votes in favor of the combination at the meeting. ...READ MORE
Chavant Capital (NASDAQ:CLAY) announced in an 8-K this morning that it has added $16.9 million in PIPE commitments to its merger with semiconductor maker Mobix Labs through a pair of instruments and it is working to tack on more. ...READ MORE
Flame Acquisition Corp. (NYSE:FLME) has expanded the PIPE for its combination with Sable Offshore to $180.4 million, making it the year’s largest.
The new investments by Metamorphic Pecan match those made by investors in the deal’s existing $74.5 million in PIPE commitments at $10 per shares. ...READ MORE
With 282 SPACs holding pending deals or still searching for a target and 37 more on file, it’s hard to say that the SPAC boom has run its course, but there have been increasing signs that the cycle is beginning to come full circle as 2023 comes to an end. ...READ MORE
Chavant Capital Acquisition Corp. (NASDAQ:CLAY) announced this afternoon that its shareholders approved its business combination with Mobix Labs during a special meeting held earlier today.
At the meeting, holders of 2,499,412 ordinary shares of CLAY, representing approximately 89.94% of all of the shares entitled to vote, were present. ...READ MORE
Nabors Energy Transition Corp. (NYSE:NETC) announced this afternoon that it has closed its combination with solar power producer Vast.
Shareholders already approved the deal during a special meeting held on December 13. However, at that time, the parties stated that the closing was contingent on several conditions and did not provide a timeline for the completion of the combination. ...READ MORE
Investcorp Europe I (NASDAQ:IVCB) announced this morning that it has entered into a subscription agreement with Sakata in connection to its combination with brand protection firm OpSec.
Under the agreement, Sakata subscribed for five million unsecured convertible loan notes of $1 each for an aggregate purchase price of $5 million. ...READ MORE
RMG III (NASDAQ:RMGC) slashed its purchase price of hydrogen power firm H2B2 Electrolysis by nearly half in a raft of deal amendments filed today.
H2B2 will now receive a purchase valuation of $400 million, down from $750 million, and RMG III will no longer be required to maintain at least $5 million in cash available in order for the deal to close. ...READ MORE