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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SHF Holdings, Inc (Nasdaq: SHFS), formerly known as Northern Lights Acquisition Corp. (Nasdaq: NLIT), announced in a press release this morning that it has finally completed its combination with cannabis finance provider Safe Harbor.
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Atlantic Avenue (NYSE:ASAQ) announced this afternoon that it intends to adjourn its special meeting on September 29 to October 4.
The special meeting was being held to consider the proposal of amending and extending ASAQ’s transaction deadline by which it must complete its initial business combination.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Canadian theater chain Cineplex Inc.
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Larkspur Health (NASDAQ:LSPR) announced this afternoon that it has secured commitments of $10 million for its proposed merger with specialty biopharmaceutical company ZyVersa.
Of that $10 million, $8.5 million will be a PIPE investment in the form of contingent financing that will provide for the purchase of Convertible Preferred Stock of LSPR. Larkspur
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Chinese crypto billionaire Jihan Wu is setting up a $250 million fund to buy distressed assets from Bitcoin miners, as the industry reels from this year’s steep drop in digital-asset prices.
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VY Global Growth (NYSE:VYGG) announced in an 8-K this afternoon that it intends to liquidate its trust after being unable to identify and combine with a target that meets its investment criteria.
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