SPAC IPO Terms Tracker: November 17, 2023
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Bellevue Life Sciences Acquisition Corp. (BLAC) to Combine with OSR Holdings
Bellevue Life Sciences (NASDAQ:BLAC) has entered into a definitive agreement to combine with Korean healthcare holding company OSR for undisclosed compensation.
Seoul-based OSR is a conglomerate of several biotech firms advancing drug candidates as well as a medical device distributor. ...READ MORE
Morning Roundup: November 17, 2023
At the SPAC of Dawn
A largely positive week is coming to end with a summit that appears to have brought an autumn chill to simmering tensions between the US and China. ...READ MORE
Morning Roundup: November 16, 2023
At the SPAC of Dawn
With the S&P 500 rolling into a two-month high on the back of positive inflation numbers, all hopes have to be for nothing too concerning coming out of a still-packed end of the week. ...READ MORE
HNR Acquisition Corp. (HNRA) Completes Pogo Resources Deal
HNR Acquisition Corp. (NYSE:HNRA) announced this afternoon that it has completed its business combination with oil developer Pogo Resources.
The deal was originally approved by shareholders at a meeting held on November 13 and stockholders holding 4,063,777 shares out of a possible 4,509,403 shares of HNRA’s common stock exercised their right to redeem their shares. ...READ MORE
Jaguar Global Growth Corporation I (JGGC) Completes GLAAM Deal
Jaguar Global (NASDAQ:JGGC) announced this afternoon that it has completed its combination with glass-maker GLAAM after shareholders approved the deal at a special meeting on September 27.
In connection to the meeting, the SPAC saw redemptions remove 99.6% of its trust, leaving it with approximately $1.04 million post-vote. ...READ MORE
Morning Roundup: November 15, 2023
At the SPAC of Dawn
As if there were any doubts, Digital World (NASDAQ:DWAC) remains the champion on retail buzz investing among SPACs.
Although the SPAC did not jump as dramatically yesterday on the filing of its amended S-4 as many de-SPACs did on the inflation numbers, it nonetheless locked in a +2.9% gain and is up a further +2.3% in the pre-market today to $15.98. ...READ MORE
De-SPACs Among Big Early Gainers on Better Inflation Numbers
US stock futures already told the story of a day of big upward movement once the consumer price index (CPI) came in this morning much lower than expected with just a +0.2% increase. ...READ MORE
Global Lights Acquisition Corp. (GLACU) Prices $60M IPO
Global Lights Acquisition Corp. (Nasdaq: GLACU) announced the pricing of its $60 million IPO this morning. Its units are expected to begin trading on the Nasdaq under the symbol “GLACU” on Tuesday, November 14, 2023. ...READ MORE
Morning Roundup: November 14, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Digital World (NASDAQ:DWAC) is back in the news this week as it finally put out an updated S-4 for its long-running, lightning rod proposed combination with Trump Media and Technology Group (TMTG). ...READ MORE
HNR Acquisition Corp. (HNRA) Shareholders Approve Pogo Resources Deal
HNR Acquisition Corp. (NYSE:HNRA) announced this afternoon that its shareholders have approved its business combination with oil developer Pogo Resources and entered into further agreements with Meteora.
In connection with today’s meeting, stockholders holding 4,063,777 shares out of a possible 4,509,403 shares of HNRA’s common stock exercised their right to redeem their shares. ...READ MORE
Tristar Acquisition I Corp. (TRIS) to Combine with Helport in $350M Deal
Tristar Acquisition I Corp. (NYSE:TRIS) has entered into a definitive agreement to combine with AI technology company Helport, valued at $350 million.
Singapore-based Helport focuses on serving enterprises’ customer contact centers with intelligent products, solutions, and a digital platform, aiming to enhance communication efficiency with customers. ...READ MORE
Pyrophyte Acquisition Corp (PHYT) to Combine with Sio Silica in $708M Deal
Pyrophyte (NYSE:PHYT) has entered into a definitive agreement to combine with quartz producer Sio Silica at an enterprise value of $708 million or 4.1x its 2025E EBITDA.
The Calgary-based company is developing two quartz mining sites outside of Winnipeg, Canada with the aim to supplying premium resources to the worldwide tech industry. ...READ MORE
Plum Acquisition Corp. I (PLMI) Signs LOI with Veea
Plum Acquisition Corp. I (NASDAQ:PLMI) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with edge platform provider Veea.
Terms of the transaction have not yet been announced, but the parties expect to finalize a definitive agreement in the coming weeks and will disclose additional details at that time. ...READ MORE
Morning Roundup: November 13, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Although SPAC deal announcements continue to slumber through the beginning of November, two definitive agreements with a minerals producer and an AI firm, plus a letter-of-intent (LOI) announcement this morning provide some pique as turkey day approaches. ...READ MORE
SPAC IPO Terms Tracker: November 10, 2023
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SPACs Turn Coffee to Cash as Brewhouse De-SPACs Report Profits Across the Board
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Morning Roundup: November 10, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
After a Halloween massacre that saw four SPAC deals get terminated in about 24 hours, we presaged that the bloodletting of long-running deals might continue into November. ...READ MORE
Blockchain Coinvestors Acquisition Corp. I (BCSA) Terminates Qenta Deal
Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) announced this afternoon that it has terminated its business combination with crypto fintech firm Qenta.
On November 8, Qenta received a written termination notice from the SPAC, citing the failure of the target company to submit its closing financial statements by the specified deadline and its inability to meet financial information obligations. ...READ MORE
Arogo Capital Acquisition Corp (AOGO) Terminates EON Reality Deal
Arogo Capital Acquisition Corp. (NASDAQ:AOGO) announced this morning that it has terminated its business combination with metaverse training company EON Reality.
While the parties did not provide a reason for the termination, Arogo Capital did state that it intends to continue its search for an alternative target to combine with. ...READ MORE