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Lakeshore I (LAAA) Secures $30M for ProSomnus Deal

Aug 26, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) has signed definitive agreements for $30 million in convertible notes for its combination with medical device company ProSomnus.

The recent commitment of debt financing comes from institutional investors led by funds affiliated with or managed by Cohanzick Management, LLC and CrossingBridge Advisors, LLC, but the closing of the notes are conditioned upon the closing of the business combination prior to December 10, 2022.

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The Latest SPAC News and Rumors: August 26, 2022

Aug 26, 2022 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: GE sells generator technology to Hyliion, Trump’s Truth Social faces financial fallout, and Royalty Management partners with Land Betterment

GE Sells Generator Technology for Stake in EV Startup

General Electric Co.

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Isleworth Healthcare Acquisition Corp. (ISLE) to Liquidate Trust

Aug 25, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Isleworth (NASDAQ:ISLE) announced this afternoon that it will not complete a business combination by its initial deadline of September 1, and will instead redeem all shares.

The SPAC will cease all operations on August 29, and shareholders are expected to receive shortly thereafter $10.01 per share.

Riverview Acquisition Corp. (RVAC) Shareholders Approve Westrock Coffee Deal

Aug 25, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Riverview Acquisition Corp. (NASDAQ:RVAC) announced this afternoon that its shareholders approved its combination with coffee and tea supplier Westrock Coffee at a special meeting earlier today.

At the special meeting, a total of 24,469,389 shares, or 78.3% of RVAC’s issued and outstanding shares of common stock were present.

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The Latest SPAC News and Rumors: August 25, 2022

Aug 25, 2022 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Ligand announces that Janssen has received approval from European Commission for antibody, Cano Health buys Doctor’s Medical Center, and Babylon ditches UK for US

Ligand Announces that Janssen has Received Approval from European Commission for TECVAYLI for the Treatment of Patients with Relapsed or Refractory Multiple Myeloma

Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced that the Janssen Biotech, Inc.

LMF Acquisition Opportunities, Inc. (LMAO) Adds $100M Purchase Agreement & $7M PIPE

Aug 24, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

LMF (NASDAQ:LMAO) announced this afternoon that it has entered into a common stock purchase agreement, a registration rights agreement, and has secured a PIPE in connection to its combination with clinical biotech firm SeaStar Medical.

Blue Owl Capital (OWL) Announces Results of Redemption of Warrants

Aug 24, 2022 INTEL, SPACs in the News by Marlena Haddad

Blue Owl (NYSE:OWL), which completed its combination with Altimar Acquisition Corp. in May 2021, announced the results of the redemption of its outstanding redeemable warrants.

Pursuant to the amended Warrant Agreement, Blue Owl redeemed its warrants for a redemption price of $0.10 per Public Warrant at 5:00 p.m.

Riverview Acquisition Corp. (RVAC) Discloses Redemptions in Westrock Coffee Vote

Aug 24, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Riverview Acquisition Corp. (NASDAQ:RVAC) announced in an 8-K filing this afternoon that about 73.5% of its shares were redeemed ahead of its vote to complete its combination with coffee and tea supplier Westrock Coffee.

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The Latest SPAC News and Rumors: August 24, 2022

Aug 24, 2022 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Singapore sees more US-listed Chinese firms coming to its shores, Packable begins liquidating and announces job cuts, and Gel Blaster to use Nogin’s SmartShip program

Singapore Sees More US-Listed Chinese Firms Coming to Its Shores

Singapore Exchange Ltd.

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The Latest SPAC News and Rumors: August 23, 2022

Aug 23, 2022 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: NUBURU awarded contract from US Air Force, Truth Social joins Rumble’s ad platform, and DWAC warns decline in Trump’s popularity could hurt social media company

NUBURU Awarded SBIR Phase II Contract by U.S.

latest liquidations

E.Merge Technology Acquisition Corp. (ETAC) to Liquidate Trust

Aug 22, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

E.Merge Technology Acquisition Corp. (NASDAQ: ETAC) announced this afternoon that it intends to dissolve and liquidate its trust due to its inability to complete a business combination.

The SPAC anticipates that the public shares will cease trading as of the close of business on September 4, 2022, and will redeem all of its outstanding shares from its IPO for approximately $10.06 per share.

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The Latest SPAC News and Rumors: August 22, 2022

Aug 22, 2022 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Rumble launches beta version of ad platform, and ZyVersa demonstrates effectiveness of inflammsome

Rumble Launches Beta Version of Ad Platform

Today, the video-sharing platform Rumble announced the launch of the beta version of Rumble Ads, which will be open to all verified businesses.

Social Capital Suvretta I (DNAA) Shareholders Approve Akili Interactive Deal

Aug 19, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Social Capital Suvretta I (NASDAQ:DNAA) announced in an 8-K this afternoon that its shareholders have approved its combination with digital medicine company Akili Interactive at a special meeting held yesterday.

Approximately 99.09% of DNAA shareholders opted to redeem their shares, leaving just 227,252 shares left in the SPAC’s trust.

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The Latest SPAC News and Rumors: August 19, 2022

Aug 19, 2022 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Hyzon Motors ousts CEO as financial probe continues and Geely Auto earnings squeeze by Covid lockdowns and chip shortage

Hyzon Motors ousts CEO Craig Knight as financial probe continues

Hyzon Motors (NASDAQ:HYZN) has ousted CEO Craig Knight because of a financial quagmire over how the trucking fuel cell maker reported revenue in China and managed internal financial controls.

Silver Crest (SLCR) Shareholders Approve Tim Hortons China Deal

Aug 19, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Silver Crest (NASDAQ:SLCR) announced in an 8-K this morning that its shareholders have approved its combination with TH International at a special meeting yesterday.

About 99% of shareholders opted to redeem shares, however, which is the highest amount since CC Neuberger II closed its combination with Getty Images (NYSE:GETY) last month.

Bright Lights (BLTS) Terminates MANSCAPED Deal

Aug 18, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Bright Lights (NASDAQ:BLTS) announced this afternoon that it has mutually terminated its combination with MANSCAPED, effective immediately.

On August 15, 2022, BLTS received a letter from Manscaped purporting to terminate the BCA and the parties entered into the termination agreement today.

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The Latest SPAC News and Rumors: August 18, 2022

Aug 18, 2022 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Audit committees urged to keep tabs on SPAC reporting, and Singapore’s Grab forms alliance with rivals to shape gig workers law

Audit Committees Urged to Keep Tabs on SPAC Reporting, Turnover

The US audit regulator, the Public Company Accounting Oversight Board, released on Wednesday a list of questions and topics that corporate boards should consider reviewing with their auditor.

Software Acq. Group III (SWAG) Arranges Common Stock Purchase Agreement

Aug 18, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Software Acquisition Group Inc. III (NASDAQ:SWAG) announced this morning that it intends to enter into a purchase agreement with a financial institution in connection with its combination with Commerce-as-a-Service technology provider Nogin.

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The Latest SPAC News and Rumors: August 17, 2022

Aug 17, 2022 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Aspiration launches Carbon Opportunities Fund, Digital World postpones earnings amid investigations, and Polestar announces new electric vehicle

Carbon Opportunities Fund Launches First-of-its-Kind Investment Platform to Issue Tokenized Carbon Credits

The International Finance Corporation, Cultivo, Aspiration, and Chia Network, today announced the launch of the Carbon Opportunities Fund (the Fund), a global investment platform that will raise private capital for an innovative model to source, tokenize and sell high-quality, verified carbon credits.

Crown PropTech (CPTK) Receives Notice of Brivo Termination

Aug 16, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Crown PropTech (NYSE:CPTK) filed an 8-K this afternoon revealing that its target Brivo intends to terminate their combination agreement.

Last week, Crown received a notice of election from Brivo, that the building solutions provider had elected to terminate the deal since it had not been completed by August 9, the “Outside Date”.

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