OCA Acquisition Corp. (OCAX) to Combine with Powermers Smart Industries in $2B Deal
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Screaming Eagle Acquisition Corp. (SCRM) to Combine with Lionsgate Studios in $4.6Bn Deal
Screaming Eagle (NASDAQ:SCRM) has entered in to a definitive agreement to combine with Lionsgate Studios at an enterprise value of $4.6 billion.
Lionsgate Studios will be made up of the TV studio and film production portions of its parent Lionsgate Entertainment (NYSE:LGF.A, ...READ MORE
Berenson Acquisition Corp. I (BACA) to Combine with Custom Health in $185M Deal
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Chenghe Acquisition I Co. (LATG) to Combine with Femco Steel in $400M Deal
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Dune (DUNE) Completes Global Hydrogen Deal
Dune Acquisition Corporation (NASDAQ:DUNE) announced yesterday afternoon that it has closed its business combination with sustainable energy firm Global Hydrogen after shareholders approved the deal at a meeting on December 4. ...READ MORE
Chavant Capital (CLAY) Closes Mobix Labs Deal
Chavant Capital (NASDAQ:CLAY) has closed its combination with semiconductor maker Mobix Labs and the combined company’s shares and warrants are expected to begin trading on the Nasdaq under the symbols “MOBX” and “MOBXW” later today. ...READ MORE
Morning Roundup: December 22, 2023
At the SPAC of Dawn
Many companies may be packing it in for the year today as it is the last trading day before Christmas, but SPACs still have plenty left on their docket. ...READ MORE
StoneBridge (APAC) Shareholders Approve DigiAsia Deal
StoneBridge Acquisition Corporation (Nasdaq: APAC) announced this morning that its shareholders approved its business combination with fintech firm DigiAsia during a special meeting held on December 19.
The SPAC hasn’t revealed the redemption figures just yet. ...READ MORE
BYTE (BYTS) Completes Airship AI Deal
BYTE Acquisition Corp. (NASDAQ: BYTS) announced this morning that it has completed its business combination with video, sensor and data management platform Airship AI. Shareholders already approved the deal at a meeting held on December 19. ...READ MORE
Prospector Capital Corp. (PRSR) Closes LeddarTech Deal
Prospector (NASDAQ:PRSR) closed its combination with autonomous driving firm LeddarTech and the combined company’s shares and warrants are expected to begin trading on the Nasdaq under the symbols “LDTC” and “LDTCW” at the opening bell December 22. ...READ MORE
Morning Roundup: December 21, 2023
At the SPAC of Dawn
December has been a good month for de-SPAC exits.
Two weeks ago today, AbbVie (NYSE:ABBV) agreed to acquire neuroscience drug developer Cerevel Therapeutics (NASDAQ:CERE) for $45 per share three years after its combination with ARYA II, making it one of the most lucrative de-SPAC exits of all time. ...READ MORE
Innovative International (IOAC) Shareholders Approve Zoomcar Deal
Innovative International Acquisition Corp. (NASDAQ:IOAC) announced this morning that its shareholders approved its business combination with car-sharing program Zoomcar during a special meeting held on December 19.
Present at the meeting were holders of approximately 9.7 million of IOAC’s ordinary shares, representing approximately 82% of the voting power of the company’s ordinary shares issued and outstanding. ...READ MORE
Aurora Technology (ATAK) Shareholders Approve DIH Deal
Aurora Technology (NASDAQ:ATAK) announced this afternoon that its shareholders approved its business combination with global robotics and virtual reality (“VR”) technology provider DIH Holding US during a special meeting held on December 18. ...READ MORE
EG Acquisition Corp. (EGGF) Secures Shareholder Approval for flyExclusive, Postpones Close
EG Acquisition Corp. (NYSE:EGGF) shareholders approved its combination with private aviation firm flyExclusive, but the SPAC has delayed its scheduled takeoff into the public markets.
The SPAC had previously expected the transaction to close today, but it is still on the tarmac as its application to list on the NYSE American is still under review and it is waiting for all closing conditions to be waived or satisfied. ...READ MORE
Morning Roundup: December 20, 2023
At the SPAC of Dawn
“Go north, young man” could be the new refrain for EV companies looking to growth as Canada this week passed a law requiring all new vehicles to be emissions-free by 2035. ...READ MORE
SportsMap Tech (SMAP) Closes Infrared Cameras Holdings Deal
SportsMap Tech Acquisition Corp. (NASDAQ:SMAP) announced this morning that it has closed its combination with intelligent thermal imaging provider Infrared Cameras Holdings (ICI).
Shareholders originally approved the combination during a meeting held on December 8. ...READ MORE
Brilliant (BRLI) Shareholders Approve Nukkleus Deal
Brilliant Acquisition Corp. (NASDAQ:BRLI) announced this afternoon that its shareholders approved its business combination with crypto payments firm Nukkleus during a special meeting held on December 13.
The SPAC originally initiated its special meeting on December 1, at which time the chairman adjourned the meeting to December 13. ...READ MORE
ProSomnus (OSA) Shoots Up on Validating Study Results
Like many de-SPACs working their way through commercialization, ProSomnus (NASDAQ:OSA) has spent the first year of its public company life dealing with the turnover of shareholders coming out of the de-SPAC process and waiting for a patch of good news to generate some upward momentum. ...READ MORE
Banyan Acquisition Corp. (BYN) Signs Term Sheet for $50M in Notes Funding
Banyan (NYSE:BYN) has signed a non-binding term sheet for $50 million in convertible notes on a five-year term for its combination with hospitality venture Pinstripes.
These are to be issued no later than December 29 and the parties expect the business combination will close by then. ...READ MORE
Innovative International (IOAC) Adds $5M to Zoomcar Deal
Innovative International Acquisition Corp. (NASDAQ:IOAC) announced in an 8-K this morning that it has entered into a subscription agreement with Ananda Trust, an affiliate of the sponsor, ahead of its completion vote for its merger with car-sharing program Zoomcar. ...READ MORE