Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A group of lenders to struggling data-center firm Cyxtera Technologies Inc.
RMG Acquisition Corporation III (NASDAQ:RMGC) announced this morning that it has signed a letter of intent (LOI) to combine with hydrogen energy systems provider H2B2 Electrolysis Technologies.
The announcement comes just a few days before RMGC’s shareholder vote next Tuesday, January 10, to extend its timeline from February 9 to August 9.
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Deep Lake Capital Acquisition Corp. (Nasdaq: DLCA) announced that it will liquidate and intends to redeem all of the outstanding Class A ordinary shares at a per-share redemption price of approximately $10.124.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
American Acquisition Opportunity Inc.’s
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Marlin Technology Corporation (Nasdaq: FINM) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on January 17, 2023.
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Dune Acquisition Corporation (NASDAQ: DUNE) announced in an 8-K this afternoon that it has settled its lawsuit with equities trading platform TradeZero and mutually terminated its combination agreement.
As a refresher, Dune launched a lawsuit against its combination partner TradeZero in April 2022 claiming that its target, “fraudulently induced” it into entering the merger and “materially breached” that agreement, causing “irreparable injury” to the SPAC.
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AlphaTime Acquisition Corp. priced its $60 million IPO and its units began trading on the Nasdaq under the symbol “ATMCU” Friday, December 30, 2022.
The new SPAC intends to acquire businesses in Asia that have the potential to generate strong, stable, and increasing free cash flow, particularly businesses with predictable revenue streams and definable low working capital. AlphaTime
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
NWTN Inc.
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CENAQ Energy Corp. (NASDAQ:CENQ) in an 8-K filing gave an update this morning that its investors have not yet been able to raise the full $80 million PIPE that was initially intended at its deal announcement.
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MDH Acquisition Corp. (NYSE: MDH) announced that in accordance with the announced December 29, 2022 termination date set by its Board of Directors, the company expects to redeem all outstanding public shares by December 29, 2022.
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Fortune Rise Acquisition Corp. (NASDAQ: FRLA) announced this afternoon that it has entered into a membership interest purchase and transfer agreement resulting in a change in leadership.
On December 22, FRLA’s sponsor, Fortune Rise Sponsor LLC, entered into a purchase agreement with water fintech startup Water On Demand, Inc.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
When the market was booming, tech investors poured billions into companies designing new ways of farming.
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Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) both announced this afternoon that their extension votes have once again been adjourned.
NSTB and PICC originally scheduled their meetings for December 22 when the pair decided to postpone the votes to today, December 28, to further engage with their stockholders and solicit redemption reversals.
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PHP Ventures Acquisition Corp (NASDAQ:PPHP) announced this morning that it is postponing its special meeting, originally scheduled for today, to December 30.
The SPAC intends to gain shareholder approval to extend its business combination timeline from February 16, 2023 to August 16, 2023.
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SPK Acquisition Corp. (NASDAQ:SPK) announced in an 8-K this morning that it has terminated its combination agreement with Varian Bio and will instead liquidate on December 29.
The SPAC did not make a required $50,000 contribution to trust on December 10 to extend its transaction deadline and on December 21 gave notice that it would terminate the merger, citing breaches by Varian of one or more of the deal’s terms.
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Spindletop Health Acquisition Corp. (NASDAQ:SHCA) announced that in accordance with the announced December 20, 2022 termination date set by its Board of Directors, the company expects to redeem all outstanding public shares by December 27, 2022, following which it will be dissolved, liquidated and wound up.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
AF Acquisition Corp’s (NASDAQ:AFAQ) board of directors has determined to liquidate and dissolve the company as soon as practicable before December 31, 2022.
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Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) both announced this afternoon that their extension votes, originally scheduled for today, have been adjourned to December 28.
Both SPACs expect to use this additional time to engage with their stockholders and solicit redemption reversals.
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