Zalatoris II Acquisition Corp. (ZLS) to Combine with Eco Modular in $600M Deal
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Podcast: iLearningEngine’s CEO Harish Chidambaran & Matt Safaii, Chairman/CEO of Arrowroot
This week, we speak with iLearningEngine’s CEO Harish Chidambaran and Matt Safaii, Chairman and CEO of Arrowroot Acquisition Corp. (Nasdaq: ARRW). The two announced a $1.4 billion deal in April.
AI may be the major buzzword of 2023, but iLearningEngines has been working on AI tools since 2010. ...READ MORE
Morning Roundup: December 6, 2023
At the SPAC of Dawn
SPACs continue to love EVs, but the Biden administration is throwing cold water on at least some of the party as the US will no longer offer a $7,500 tax credit for EV purchases if their battery was produced in China. ...READ MORE
Clean Earth Acquisitions Corp. (CLIN) Shareholders Approve Alternus Deal
Clean Earth Acquisitions Corp. (NASDAQ:CLIN) announced this morning that its shareholders have approved its business combination with climate technology company Alternus (OSE:ALT) at a special meeting held on December 4.
At the meeting, holders of 14,418,460 shares, were present, representing approximately 86.32% of the voting power of the 16,704,230 issued and outstanding common stock entitled to vote. ...READ MORE
10X Capital Venture II (VCXA) Shareholders Approve African Agriculture Deal
10X Capital Venture Acquisition Corp. II (NASDAQ:VCXA) announced this afternoon that its shareholders have approved its business combination with African Agriculture at a special meeting held earlier today.
Approximately 82% of all of the 10X II ordinary shares entitled to vote at the meeting were present, with more than 99% of those voting to approve the transaction. ...READ MORE
November Corporate Actions Analysis
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Morning Roundup: December 5, 2023
At the SPAC of Dawn
With Hanukkah kicking off the winter holiday season at the end of the week, SPACs are tying up a fair amount of loose ends through the next few days. ...READ MORE
Dune (DUNE) Shareholders Approve Global Hydrogen Deal
Dune Acquisition Corporation (NASDAQ:DUNE) announced this afternoon that its shareholders have approved its business combination with sustainable energy firm Global Hydrogen at a special meeting held earlier today.
At the meeting, a total of 4,610,347 shares of common stock were represented by proxy. ...READ MORE
TMT Acquisition Corp. (TMTC) to Combine with eLong Power in $450M Deal
TMT Acquisition Corp. (NASDAQ:TMTC) has entered into a definitive agreement to combine with eLong Power at an equity value of $450 million.
Ganzhou, China-based eLong Power makes lithium-ion batteries for EVs and specialty vehicles along with energy storage systems. ...READ MORE
APx Acquisition Corp. I (APXI) Signs LOI with DNA Test Firm
APx Acquisition Corp. (NASDAQ:APXI) announced a letter of intent to combine with an unnamed biotech firm, but teased little other information as it heads into an extension vote on Friday.
Shareholders at the meeting are to decide whether to give APx the ability to extend its transaction deadline to a maximum of December 9, 2024 in exchange for monthly contributions of the lesser of $125,000 or $0.025 per share monthly. ...READ MORE
Podcast: Royalty Management Holdings CFO Kirk Taylor
This week, we get into both sides of a SPAC transaction in the form of Kirk Taylor. He helped steer American Acquisition Opportunity and now serves as CFO of Royalty Management Holdings (Nasdaq: RMCO), with which the SPAC merged in early November. ...READ MORE
Morning Roundup: December 4, 2023
At the SPAC of Dawn
Although cryptocurrencies and SPACs are not directly related in any way beyond the 11 announced and completed deals in the space, the two have coincidentally seen their stars rise and fall virtually in concert over the past few years. ...READ MORE
SPAC IPO Terms Tracker: December 1, 2023
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Aimei Health Technology Co., Ltd (AFJKU) Prices $60M IPO
Aimei Health Technology Co., Ltd (NASDAQ: AFJKU) announced the pricing of its $60 million IPO this evening. Its units are expected to begin trading on the Nasdaq under the symbol “AFJKU” on Monday, December 4, 2023. ...READ MORE
PROOF Acquisition Corp I (PACI) Completes Volato Deal
PROOF Acquisition Corp I (NYSE: PACI) announced this afternoon that it has closed its business combination with private aviation company Volato after shareholders approved the deal at a meeting on November 28. ...READ MORE
Adit EdTech (ADEX) Shareholders Approve Griid Infrastructure Deal
Adit EdTech (NYSE: ADEX) announced this morning that its shareholders have approved its business combination with bitcoin self-mining company Griid Infrastructure at a special meeting held yesterday, November 30.
A total of 8,520,710 shares of common stock, representing approximately 95.7% of the outstanding shares entitled to vote, were present at the meeting, constituting a quorum to conduct business. ...READ MORE
Morning Roundup: December 1, 2023
At the SPAC of Dawn
There had been hopes that this week would take one world conflict off the board, but combat has resumed in the Middle East as other eyes are likely to be fixed on new Fed comments today. ...READ MORE
Chavant Capital (CLAY) Amends Mobix Labs Deal
Chavant Capital Acquisition Corp. (NASDAQ:CLAY) announced in an 8-K filing this afternoon that it has amended its business combination agreement with Mobix Labs.
The amendment involves specific alterations to the exchange ratio, now set at a one-to-one ratio to determine how many shares of Class A Common Stock and Class B Common Stock Mobix Labs’ capital interests will convert into. ...READ MORE
ShoulderUp Technology (SUAC) Signs LOI
ShoulderUp Technology (NYSE:SUAC) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with an undisclosed private IT company and has terminated its previous LOI with Airspace Experience Technologies. ...READ MORE
SPAC Lock-Up Expirations to Watch in December 2023
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