Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ) announced this afternoon that it has received requests to redeem 79.4% of its shares ahead of its shareholder vote tomorrow for its combination with energy storage firm Dragonfly Energy.
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Goldenstone Acquisition Limited (NASDAQ:GDST) announced this afternoon that it has entered into a joint agreement to terminate its combination with blockchain-based payments company, Roxe.
Goldenstone’s 8-K kept the details to a minimum, but it did disclose that the termination was mutual.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Legions of followers betting on conservative social-media platforms have helped stocks like Rumble Inc.
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Tekkorp Digital Acquisition Corp. (NASDAQ:TEKKU) announced in a press release this afternoon that it will no longer pursue an extension for a business combination and will instead liquidate its trust.
Since TEKK’s $250 million IPO in October 2020, the SPAC’s management team has attempted to search for potential targets, but was unable to secure an opportunity that met its criteria.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
British defense firm QinetiQ is selling its Belgian commercial satellite systems division to Redwire, a U.S.-based
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Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has entered into negotiations to combine with a global medical device manufacturer that would value the deal at $480 million.
The potential target remains unnamed, but Altitude did disclose that the company is a leader in the medical device field and has a product that is commercially available and approved for use in over 30 countries.
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Aquaron Acquisition Corp. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AQUNU” Tuesday, October 4, 2022.
The new SPAC intends to identify targets in the new energy sector that are based in the U.S.
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Austerlitz I (NYSE: AUS) and Austerlitz II (NYSE: ASZ) both filed proxies this afternoon stating that their sponsors are seeking shareholder approval to liquidate early.
The sponsors, Cannae Holdings, Inc. (NYSE: CNNE) and Trasimene Capital Management, believe that a completion of a suitable merger is highly unlikely, and it would be in the shareholders’ best interests to return the cash in trust in 2022 rather than wait for expiration in 2023.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
LiveWire Group Inc. (NYSE:LVWR)
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AMCI II (NASDAQ:AMCI) target LanzaTech, an innovative Carbon Capture and Transformation (“CCT”) company, announced this morning that it has secured a $500 million partnership for its proposed business combination.
The sustainable materials-maker will partner with Brookfield Renewable, and its institutional partners, to co-develop and build new commercial-scale production plants that will utilize LanzaTech’s CCT technology.
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GigCapital5 (NYSE:GIA) announced this morning that it has signed a non-binding, exclusive term sheet to combine with medical imaging company QT Imaging.
Details on the transaction remain limited, but the parties intend to complete the proposed business combination in the first half of 2023.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Tech stocks have had a reckoning in the past several days — a rally proved short lived, a blip.
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Deep Medicine (NASDAQ:DMAQ) announced this morning that it has terminated its $2.5 billion combination with Chinese carmaker Chijet.
Deep Medicine’s move comes after it made two amendments to the deal to extend the due diligence period.
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dMY Squared Technology Group, Inc. priced its downsized $60 million IPO and its units are expected to begin trading on the NYSE under the symbol “DMYY.U” Friday, September 30, 2022.
The new SPAC intends to focus its efforts on companies within the professional service industry that provide accounting, legal, financial, advisory or other services to public companies or private companies that are in the process of becoming public companies with enterprise valuations in the range of $500 million to $2 billion.
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Qomolangma Acquisition Corp. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “QOMOU” Friday, September 30, 2022.
The new SPAC intends to focus its efforts on technology companies operating in Asian markets that have a total enterprise value between $300 million and $500 million.
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Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ) announced this afternoon that it has secured a $75 million loan for its combination with energy storage firm Dragonfly Energy.
The parties entered into a debt commitment letter with CCM Investments 5 LLC, an affiliate of Chardan Capital Markets, and EICF Agent LLC, for a $75 million senior secured term loan facility concurrently with the closing under the business combination agreement.
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East Stone Acquisition Corp. (NASDAQ:ESCC) announced this afternoon that it has once again secured another $200 million PIPE commitment for its business combination with EV-maker ICONIQ.
This marks ESCC’s fourth PIPE round.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The Polestar 3, the aptly named third vehicle from the Swedish EV company, will be officially unveiled October 12th at an event in Copenhagen, the company announced.
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