SPAC IPO Terms Tracker: January 12, 2024
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Pono Capital Three (PTHR) Completes Horizon Aircraft Deal
Pono Capital Three (NASDAQ:PTHR) announced this afternoon that it has closed its combination with eVTOL aircraft developer Horizon Aircraft.
Beginning January 16, the combined company’s shares and warrants will trade on the Nasdaq under the ticker symbols “HOVR” and “HOVRW”, respectively. ...READ MORE
Arisz Acquisition Corp. (ARIZ) Increases PIPE for BitFuFu Deal
Arisz (NASDAQ:ARIZ) announced in an 8-K this morning that it has increased its PIPE commitments to $74 million from $70 million for its merger with digital asset mining service BitFuFu.
The parties previously secured $70 million in funding at deal announcement for a purchase price of $10 per share which will be issued to stockholders at closing. ...READ MORE
Morning Roundup: January 12, 2024
At the SPAC of Dawn
Friday brings a few more potential swings in the ongoing rate cut-watch as the Producer Price Index (PPI) is set to drop at 8:30 am ET. ...READ MORE
Bukit Jalil Global Acquisition 1 (BUJA) Signs LOI with Global IBO
Bukit Jalil Global Acquisition 1 (NASDAQ: BUJA) announced this afternoon that it has signed a non-binding Letter of Intent (LOI) with the AI-driven platform Global IBO Group.
Founded in 2019, GIBO provides a suite of technologies, such as AI script, voice and image, for content creators to assist in an array of creative solutions including script writing, voice synthesis, and art restoration. ...READ MORE
Morning Roundup: January 11, 2024
At the SPAC of Dawn
After a few fits, starts and hacks, the first spot Bitcoin ETFs are set to trade later today.
The move has been long-awaited by the crypto community as it has been seen as a means of quickly widening the asset’s ownership base, and therefore serve as the sort of catalyst that would push up demand – and therefore, prices – all of its own. ...READ MORE
Denali Capital Acquisition Corp. (DECA) Shareholders Approve Longevity Deal
Denali Capital (NASDAQ:DECA) announced this morning that its shareholders approved its combination with biotech firm Longevity during a special meeting yesterday, January 9.
The deal was overwhelmingly approved as holders of 5,196,327 shares voted in favor of the proposal while holders of just 10,100 shares cast their votes against it. ...READ MORE
Morning Roundup: January 10, 2024
At the SPAC of Dawn
While some SPACs have gotten off to a fast start after recent IPOs, the process has been start-and-stop for others.
Blue Room, which had aimed to raise $200 million in an IPO and got effective in late December, instead withdrew its registration this week. ...READ MORE
Morning Roundup: January 9, 2024
At the SPAC of Dawn
SPAC votes are picking back up today with Denali Capital‘s (NASDAQ:DECA) rescheduled special meeting to approve its combination with Longevity Biomedical and four other extension votes. ...READ MORE
Alset Capital (ACAX) Closes HWH International Deal
Alset Capital Acquisition Corp. (NASDAQ:ACAX) has closed its combination with lifestyle company HWH International and will begin trading on The Nasdaq under the new ticker symbol “HWH” on January 9.
The business combination was previously approved by shareholders at a special meeting on August 1, 2023. ...READ MORE
AlphaTime Acquisition Corp. (ATMC) to Combine with HCYC Group
AlphaTime Acquisition Corp. (NASDAQ: ATMC) has entered into a definitive agreement to combine with insurance brokerage HCYC.
Hong Kong-based HCYC Group functions as a registered holding company, but conducts its insurance brokerage operations through its subsidiary, HCYC Asia. ...READ MORE
ClimateRock (CLRC) to Combine with GreenRock in $446M Deal
ClimateRock (NASDAQ:CLRC) has entered into a definitive agreement to combine with GreenRock for about $446 million in share compensation.
Transaction Overview
ClimateRock has about $26.8 million in its current trust having seen about 67.3% of its shares redeemed in an earlier extension that gives it the right to push its transaction deadline to May 2. ...READ MORE
Morning Roundup: January 8, 2024
At the SPAC of Dawn
While the SPAC market continues to await movement on any new SPAC rules, this week could bring an SEC decision on bitcoin ETFs. A half dozen investment firms updated their S-1s for their prospective exchange-traded crypto funds this morning and there is speculation that the commission could make a broad ruling on the formations January 10. ...READ MORE
SPAC IPO Terms Tracker: January 5, 2024
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Screaming Eagle (SCRM) Shareholders to Vote Upon Warrant Agreement Amendment
Screaming Eagle (NASDAQ:SCRM) filed their S-4 registration statement this afternoon for its combination with Lionsgate Studios. Included in the S-4 is a proposal for warrantholders where they will be asked to vote upon a proposal to amend the warrant agreement to provide that its whole public warrants, which have an exercise price of $11.50 per share, will be exchanged for $0.50. ...READ MORE
Alpha Partners Technology Merger Corp. (APTM) Sells Sponsor Economics
Alpha Partners Technology Merger Corp. (NASDAQ:APTM) announced in an 8-K filing that it has entered into a purchase agreement to transfer control of its sponsor to Mercury Capital, resulting in a change in management. ...READ MORE
Morning Roundup: January 5, 2024
At the SPAC of Dawn
Today could see news of the first 2024 completion votes, as Revelstone (NASDAQ:RCAC) hosts its previously adjourned meeting and Pono Capital Three (NASDAQ:PTHR) could provide an update on its vote to complete yesterday. ...READ MORE
Pono Capital Three (PTHR) Shareholders Approve Horizon Aircraft Deal
Pono Capital Three (NASDAQ:PTHR) announced this morning that its shareholders approved its combination with eVTOL aircraft developer Horizon Aircraft during a special meeting held on January 4.
In connection with the meeting, shareholders holding an aggregate of 11,476,685, or 99.8%, of Pono’s ordinary shares opted to redeem their shares for a pro-rata portion of the funds in the trust. ...READ MORE
Roth CH Acquisition V Co. (ROCL) to Combine with New Era Helium in $90M Deal
Roth CH V (NASDAQ:ROCL) has entered into a definitive agreement to combine with New Era Helium at a pre-money valuation of $90 million.
Midland, Texas-based New Era owns and operates about 137,000 acres of exploitable territory in New Mexico, which it believes contains 2.5 billion cubic feet (BCF) of helium reserves. ...READ MORE