Athena Technology II (NYSE:ATEK) has terminated its combination with Air Water Ventures, but plans to continue to seek an alternative business combination.
The transaction was well past its extended outside date of August 21, after which Air Water Ventures had the right to terminate if it appeared there was not a reasonable likelihood of Athena Technology II gathering a PIPE of at least $30 million. ...READ MORE
A broad range of de-SPACs benefited from the sudden swing to green yesterday as Fed Chairman Jerome Powell gave the first hint of rate cuts on the horizon. ...READ MORE
When Flame Acquisition Corp. (NYSE:FLME) initially announced its combination with energy company Sable Offshore in November 2022, there was quite a bit of uncertainty in the business it was putting forward. ...READ MORE
EF Hutton Acquisition Corp. I (NASDAQ:EFHT) announced this afternoon that it has completed its business combination with E.C.D. Auto Design. Shareholders already approved the deal at a meeting held on December 7. ...READ MORE
Tuesday is set to bring the last major US inflation readings before Christmas day with core CPI and other related indices being announced at 8:30 at ET. ...READ MORE
Vision Sensing Acquisition Corp. (NASDAQ: VSAC) announced this afternoon that it has mutually terminated its business combination with chip-maker Newsight.
The parties cited “challenging global economic conditions” as the reason for nixing the deal, without providing additional details. ...READ MORE
This week is set to see SPACs rush to tie up business combinations nicely in a bow before the final two weeks of the year. Eight SPACs currently have completion votes on the docket this week, while there are currently just four more booked for the rest of 2023. ...READ MORE
SportsMap Tech Acquisition Corp. (NASDAQ:SMAP) announced this morning that its shareholders approved its business combination with intelligent thermal imaging provider Infrared Cameras Holdings (ICI) during a special meeting on December 8. ...READ MORE
Mobiv Acquisition Corp. (NASDAQ:MOBV) announced this afternoon that it has closed its combination with EV motorcycle-maker SRIVARU.
Shareholders originally approved the deal at a special meeting held back on September 28, but at that time, the parties expected the transaction to take just a week to close. ...READ MORE
EF Hutton Acquisition Corp. I (NASDAQ:EFHT) announced this morning that its shareholders have approved its business combination with E.C.D. Auto Design.
At the meeting, there were 5,089,203 shares of common stock, representing approximately 76.82% of the issued and outstanding shares of common stock, present. ...READ MORE
This week ends with an unusually busy earnings calendar as 172 US-listed companies report quarterly figures today. Among them is Exela Technologies (NASDSAQ:XELA), which completed a combination with Quinpario 2 in 2017. ...READ MORE
10X Capital Venture Acquisition Corp. II (NASDAQ:VCXA) announced that it has completed its business combination with African Agriculture after shareholders approved the deal at a special meeting held on December 5. ...READ MORE
The latter half of 2023 has largely told a story of retrenchment in the SPAC market as much of the excess in the domain has found itself terminating and liquidating. ...READ MORE
