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
To access this post, you must purchase 1 - User: Monthly Plan.
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
Pono Capital Three (PTHR) Secures $2M Subscription Agreement
Pono Capital Three (NASDAQ:PTHR) announced that it has secured a subscription agreement of $2 million from an unnamed investor ahead of its completion vote today.
As part of the agreement, the investor will purchase 200,000 shares at $10 per share. ...READ MORE
Morning Roundup: January 4, 2024
At the SPAC of Dawn
The implication that SPACs would have to pay the 1% excise tax on redemptions has sent ripples of uncertainty through the market, but, despite much investor engagement throughout 2023, the issue did not appear to be a primary factor in the fall of any vehicles that year. ...READ MORE
Corner Growth Acquisition Corp. (COOL) Chops Noventiq Valuation in Deal Tweaks
Corner Growth (NASDAQ:COOL) has reduced the pre-money equity value -64% for its merger target Noventiq to $315 million from $877 million in a series of amendments as the two sides approach close. ...READ MORE
Morning Roundup: January 3, 2024
At the SPAC of Dawn
Investors are about to get a pair of indicators today on the health of the US housing market heading into the new year with both the Mortgage Market and Mortgage Refinance indices announcing this morning. ...READ MORE
Israel Acquisitions Corp. (ISRL) to Combine with Pomvom in $125M Deal
Israel Acquisitions Corp. (NASDAQ:ISRL) has entered into a definitive agreement to combine with software firm Pomvom (TA:PMVM) at an equity value of $125 million.
The Tel Aviv-based company provides app-based tools to allow visitors to amusement parks to access media of themselves captured by the venue’s cameras. ...READ MORE
Twelve Seas Investment Company II (TWLV) to Combine with Crystal Lagoons
Twelve Seas II (NASDAQ:TWLV) has signed a definitive agreement to combine with aquatic entertainment firm Crystal Lagoons for $350 million in share compensation.
Miami-based Crystal Lagoons has developed the technology to construct large pool-like water features for resorts and entertainment venues. ...READ MORE
SPAC Lock-Up Expirations to Watch in January 2024
To access this post, you must purchase 1 - User: Monthly Plan.
Morning Roundup: January 2, 2024
At the SPAC of Dawn
The first trading day of the year kicks off with five extension votes, which is fitting because that is likely to be a theme throughout early 2024. ...READ MORE