Future Health ESG (NASDAQ:FHLT) announced in an 8-K this morning that it has terminated its combination agreement with medical technology company Excelera Health.
This comes just a few weeks after the SPAC mutually terminated its $100 million PIPE and $20 million forward purchase agreement (“FPA”) with Variant Capital and Hakim.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Actor Brad Pitt’s Plan B Entertainment, the production company behind films like Moonlight and The Big Short, is in talks to sell a significant stake to French media conglomerate Mediawan, according to people with knowledge of the matter.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Billionaire investor and so-called SPAC King Chamath Palihapitiya said the zero interest rates the Federal Reserve allowed to persist for years created the “perverted” market conditions he benefited from at the height of the Covid pandemic.
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Health Assurance Acquisition Corp. (NASDAQ: HAAC) announced in a press release this afternoon that due to its inability to complete a business combination, it will dissolve and liquidate its trust.
The SPAC originally had a completion deadline of November 17, but now expects its shares to stop trading on the Nasdaq as of the close of business on November 3. HAAC’s
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
After announcing last week that it would become a publicly traded company through a $600 million special purpose acquisition company merger, flyExclusive also shared that it was planning to purchase as many as 14 Cessna Citations from Textron Aviation.
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Bull Horn Holdings Corp. (NASDAQ:BHSE) disclosed this afternoon that its shareholders have approved its combination with biopharmaceutical company Coeptis (OTC:COEP) in a special meeting held earlier today.
A total of 2,869,654 ordinary shares, or approximately 88.5% of Bull Horn’s outstanding public shares, were redeemed at today’s meeting.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales. “What
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Mana Capital (NASDAQ:MAAQ) announced this morning that its shareholders approved its combination with biopharmaceutical firm Cardio Diagnostics in a special meeting held yesterday.
The press release did not disclose redemption amounts, but MAAQ traded below its trust value of $10 throughout its redemption deadline October 21, and closed yesterday at a low of $5.99.
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Endurance Acquisition Corp. (NASDAQ:EDNC) announced this afternoon that its shareholders approved its combination with satellite company Satixfy at a special meeting held yesterday.
The SPAC announced in an 8-K at the beginning of the week that it has added additional financing to its deal in the form of a prepaid forward transaction wherein the investor will purchase up to 10,000,000 shares.
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Provident Acquisition Corp. (NASDAQ:PAQC) announced this afternoon that its shareholders have approved its combination with beauty tech brand Perfect Corp. at a special meeting held earlier today.
The press release did not disclose redemptions, however, Provident now expects the business combination to provide Perfect with approximately $118.5 million in gross proceeds.
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Venus Acquisition Corp. (NASDAQ:VENA) announced in an 8-K this afternoon that its shareholders have approved its combination with VIYI Algorithm at a special meeting held on October 21.
A total of 5,312,658 shares of VENA’s common stock, representing approximately 87.81% of the issued and outstanding shares were present at the meeting.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Flair Airlines Ltd.,
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Bannix Acquisition Corp. (NASDAQ: BNIXU) management and sponsors have sold a total of 475,000 shares of common stock to Instant Fame LLC resulting in a change in leadership.
The sponsor, Suresh Yezhuvath, CFO Nicholas Hellyer, and directors of the company, Balaji Venugopal Bhat, Subbanarasimhaiah Arun, Vishant Vora, sold an aggregate of 385,000 shares of BNIX while Suresh Yezhuvath sold 90,000 private placements units in the private transaction.
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Avista Public Acquisition Corp. II (NASDAQ:AHPA) announced this afternoon that its shareholders have approved its combination with Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) to spin-off its antibody discovery business OmniAb, Inc. at a special meeting held earlier today.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Archer Aviation Inc (NYSE:ACHR) said it aims to make about 250 battery-electric air taxis in 2025 and scale up production in the following years, after setting a goal of getting its aircraft certified by the end of 2024.
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The Music Acquisition Corp. (NYSE: TMAC.U) filed a proxy this morning to seek shareholder approval to liquidate its trust early.
TMAC doesn’t have a completion deadline until February 5, 2023, but the SPAC’s board has determined that it is very unlikely that it will be able to complete a business combination before then.
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BOA Acquisition Corp. (NYSE:BOAS) announced this morning that its shareholders have approved its combination with hospitality brand Selina at a special meeting held on Friday.
Holders of approximately 89.7% of BOA’s issued and outstanding shares were present at the special meeting and more than 83% of the votes were cast in favor of the business combination.
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HNR Acquisition Corp. (NYSE:HNRA) announced this afternoon that it has entered into a common stock purchase agreement and a related registration rights agreement with White Lion Capital.
Pursuant to the agreement, HNR has the right, but not the obligation, to require White Lion to purchase up to $150 million in newly issued shares of the company’s Class A common stock.
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Benessere Capital Acquisition Corp. (NASDAQ: BENE) announced in a press release this afternoon that its board of directors has determined to dissolve and liquidate its trust.
The SPAC’s move to liquidate comes just days after its merger target eCombustible terminated the pair’s combination agreement.
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