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 (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
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
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 (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. (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
In late October, California provided an update on the ambitious sustainability goals it had set for vehicles on its roads. Among them was a bar set that 6% of all heavy trucks sold in the state should be zero-emission vehicles (ZEV) by 2024. ...READ MORE
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.
The SPAC market has some increasing green shoots this week, with two new SPACs set to start trading today – AI Transportation (NASDAQ:AITR) and Agriculture & Natural Solutions (NASDAQ:ANSC). ...READ MORE
AI Transportation Acquisition Corp. (Nasdaq: AITR) announced the pricing of its upsized $60 million IPO this evening. Its units are expected to begin trading on the Nasdaq under the symbol “AITRU” on Thursday, November 9, 2023. ...READ MORE
Agriculture & Natural Solutions Acquisition Corp. announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “ANSCU” on Thursday, November 9, 2023. ...READ MORE
Sichuan Wanma Benteng Technology Co. (NASDAQ:WMBT) submitted its S-1 filing this afternoon for a $70 million IPO and intends to focus its search in the China and Asia-Pacific areas.
However, the new SPAC submitted the filing without any expertise attached, becoming the third company to do so this year. ...READ MORE
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.
Futures are flat on news that the Democrats were mostly victorious in yesterday’s local and state-level elections. ...READ MORE
Data Knights Acquisition Corp. (NASDAQ:DKDCA) announced this afternoon that it has completed its business combination with medical image archiver OneMedNet.
The business combination was previously approved by Data Knights’ stockholders at a special meeting held on October 17, but at that time, the SPAC did not provide a timeline regarding the closing of the deal. ...READ MORE
OmniLit Acquisition Corp. (Nasdaq: OLIT) announced this afternoon that it has completed its business combination with precision optics-maker Syntec.
Shareholders already approved the transaction at a special meeting held on October 31. Over ...READ MORE
Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) announced this morning that as anticipated, it completed its business combination with Aeries Technology on November 6.
Shareholders already approved the deal at a meeting held on November 2, and saw 92.47% of its trust redeemed, leaving the SPAC with an estimated $18.5 million post-vote. ...READ MORE
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.
AST SpaceMobile (NASDAQ:ASTS) is set to provide a business update and preliminary third quarter financials a week from today on November 14, and it may be a call worth tuning into as the space business continues to shake out for better and worse. ...READ MORE
Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) announced in an 8-K this morning that it has expanded forward-purchase agreement (FPA) and non-redemption financing that it added to its combination with Aeries Technology on Friday. ...READ MORE
Quantum FinTech Acquisition Corporation (NYSE: QFTA) announced this morning that its shareholders approved its combination with AtlasClear at a special meeting held on Friday.
At the meeting, stockholders holding 4,953,369 shares out of a possible 5,050,384 shares of Quantum’s common stock exercised their right to redeem their shares. ...READ MORE