Slam Corp. (NASDAQ: SLAM) has signed a letter of intent (LOI) to combine with satellite-direct-to-standard-phone telecoms provider Lynk.
Ever since Slam listed in February 2021, curiosity has followed its process due presence in its team of Alex Rodriguez. ...READ MORE
Chenghe I (NASDAQ:LATG) has signed a potential combination with Taipei-listed golf club manufacturer Femco Steel Technology (TWO:6731) for yet undisclosed consideration.
The parties have not yet released any terms for the agreement, but Femco has an existing market cap of about $45 million. ...READ MORE
This week, in a special edition of the SPACInsider Podcast, SPACInsider founder Kristi Marvin speaks with Omeed Malik, Chairman and CEO of the Colombier SPACs.
We asked Omeed what brought him into the SPAC market and how his first SPAC, Colombier I, navigated the rapidly changing market as it closed in on its combination with PublicSquare (NYSE:PSQH). ...READ MORE
The annual flurry of SPAC activity to complete deals or make extension/liquidation decisions has been in full swing so far in December. But, the one activity missing in action somewhat has been deal announcements themselves. ...READ MORE
Nabors Energy Transition Corp. (NYSE:NETC) announced this afternoon that its shareholders approved its business combination with solar power producer Vast during a special meeting held on December 13.
At the meeting, there were 13,637,434 shares present, representing approximately 81.41% of the total outstanding shares of the company’s common stock. ...READ MORE
One of the low-flying themes of 2023 became the prevalence of the adjournment and postponement. With redemptions high and risk appetites low, every vote has been a bit of a struggle for SPAC teams this year. ...READ MORE
7GC & Co. Holdings Inc. (NASDAQ:VII) announced this morning that it has completed its business combination with video engagement platform Banzai. Shareholders already approved the deal at a meeting held on December 13. ...READ MORE
Bayview Acquisition Corp (NASDAQ: BAYAU) announced the pricing of its $60 million IPO this evening. Its units are expected to begin trading on the Nasdaq under the symbol “BAYAU” on Friday, December 15, 2023. ...READ MORE
Chain Bridge I (NASDAQ:CBRG) announced in an 8-K filing that it agreed to transfer control of its sponsor to Fulton AC I LLC, which will now appoint a new team.
The agreement involves the buyer acquiring 3,035,000 Class B ordinary shares and warrants to buy 7,385,000 Class A ordinary shares from the sponsor. ...READ MORE
Nubia Brand International Corp. (NASDAQ:NUBI) announced this afternoon that its shareholders approved its business combination with battery technology developer Honeycomb during a special meeting held earlier today.
At the meeting, there were 6,360,235 Nubia shares present, with 70.4% voting to approve the deal. ...READ MORE
Athena Technology II (NYSE:ATEK) has terminated its combination with Air Water Ventures, but plans to continue to seek an alternative business combination.
The transaction was well past its extended outside date of August 21, after which Air Water Ventures had the right to terminate if it appeared there was not a reasonable likelihood of Athena Technology II gathering a PIPE of at least $30 million. ...READ MORE
A broad range of de-SPACs benefited from the sudden swing to green yesterday as Fed Chairman Jerome Powell gave the first hint of rate cuts on the horizon. ...READ MORE
When Flame Acquisition Corp. (NYSE:FLME) initially announced its combination with energy company Sable Offshore in November 2022, there was quite a bit of uncertainty in the business it was putting forward. ...READ MORE
EF Hutton Acquisition Corp. I (NASDAQ:EFHT) announced this afternoon that it has completed its business combination with E.C.D. Auto Design. Shareholders already approved the deal at a meeting held on December 7. ...READ MORE
Tuesday is set to bring the last major US inflation readings before Christmas day with core CPI and other related indices being announced at 8:30 at ET. ...READ MORE
Vision Sensing Acquisition Corp. (NASDAQ: VSAC) announced this afternoon that it has mutually terminated its business combination with chip-maker Newsight.
The parties cited “challenging global economic conditions” as the reason for nixing the deal, without providing additional details. ...READ MORE
This week is set to see SPACs rush to tie up business combinations nicely in a bow before the final two weeks of the year. Eight SPACs currently have completion votes on the docket this week, while there are currently just four more booked for the rest of 2023. ...READ MORE
SportsMap Tech Acquisition Corp. (NASDAQ:SMAP) announced this morning that its shareholders approved its business combination with intelligent thermal imaging provider Infrared Cameras Holdings (ICI) during a special meeting on December 8. ...READ MORE
