The Latest SPAC News and Rumors: June 8, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Dynamics Special Purpose Corp. (DYNS) Shareholders Approve Senti Biosciences Deal
Dynamics (NASDAQ:DYNS) announced in an 8-K filing this afternoon that its shareholders have voted to approve its combination with Gene Circuit company Senti Biosciences in a special meeting held earlier today.
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Oaktree II (OACB) Shareholders Approve Alvotech Deal
Oaktree II (NYSE:OACB) announced that its shareholders have voted to approve its combination with biopharma company Alvotech in a special meeting held earlier today.
Today’s press release did not disclose redemption amounts, but OACB closed today at $9.86.
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The Latest SPAC News and Rumors: June 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Westrock Coffee reports 1Q results and upsizing of new credit facility, Polestar to debut first electric performance SUV, and Safe Harbor Financial closes senior secured loan to Solar Cannabis Co.
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SVF Investment Corp. 3 (SVFC) Shareholders Approve Symbotic Deal
SVF 3 (NASDAQ:SVFC) announced that its shareholders have voted to approve its combination with AI supply chain technology firm Symbotic in a special meeting held earlier today.
Today’s 8-K disclosed that holders of 27,459,854 Class A ordinary shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.00 per share.
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New SPAC: Inkstone Feibo Acquisition Corp. Files for $60M IPO
Inkstone Feibo Acquisition Corp. filed its S-1 last Friday for $60M, representing the ninth and final SPAC to file for an IPO in May. Inkstone Feibo intends to focus on acquisition opportunities in biotechnology and green technology industries with an emphasis on ESG practices in the United States and Taiwan. The SPAC believes businesses that promoteRead More
Altitude Acquisition Corp. (ALTU) Postpones Shareholder Vote
Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has postponed its special meeting to extend its timeline for an initial business combination.
The SPAC has 18 months to complete a business combination with a deadline of June 11, 2022 quickly approaching.
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The Latest SPAC News and Rumors: June 3, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Traveloka nears $200 million funding after SPAC talks
Traveloka is Said Near $200 Million Funding After SPAC Talks
Traveloka, Southeast Asia’s biggest online travel startup, is close to raising more than $200 million from investors after ending talks to go public via a merger with a blank-check company last year, according to people familiar with the matter.
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New SPAC: ESH Acquisition Corp. Files for $300M IPO
ESH Acquisition Corp. (NASDAQ:ESH) filed its S-1 last Thursday for $300M, and intends to acquire a business in the sports industry, including professional franchises, online gaming, media and E-sports. And with Hall of Famer Earvin “Magic” Johnson as its Vice Chairman, ESH has a unique opportunity to source and identify potential target businesses in theRead More
The Latest SPAC News and Rumors: June 2, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Grove Collaborative announces first quarter 2022 results
Grove Collaborative Announces Fiscal First Quarter 2022 Financial Results and Provides Updated Guidance
Grove Collaborative, Inc.,
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New SPAC: Aquaron Acquisition Corp. Files for $50M IPO
Aquaron Acquisition Corp. (NASDAQ:AQU) filed its S-1 last Thursday for a $50 million SPAC IPO. The new SPAC intends to combine with an acquisition target in the new energy sector that is based in the U.S. or Asia and has a total enterprise value between $150 million and $300 million. More specifically, Aquaron will focusRead More
The Latest SPAC News and Rumors: June 1, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Eve partners with Porsche Consulting, Footprint reports strong start to 2022 with record revenue, and Selina opens flagship hotel
Eve Partners with Porsche Consulting to Define eVTOL Global Manufacturing, Logistics and Supply Chain Strategy
Eve Holding, Inc.
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RedBall Acquisition Corp. (RBAC) Terminates SeatGeek Deal
RedBall Acquisition Corp. (NYSE:RBAC) announced this morning that it has mutually terminated its combination agreement with ticket marketplace SeatGeek.
Similar to a handful of other SPACs we’ve seen, RedBall cited unfavorable market conditions as the key reason behind the termination.
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Gesher I (GIAC) to Combine with Freightos in $436M Deal
Gesher I (NASDAQ:GIAC) has entered into a definitive agreement to combine with global freight booking and payment platform Freightos at an enterprise value of $436 million, or 0.26x 2023E gross booking value. Jerusalem-based Freightos connects participants across the international freight ecosystem through a transparent digital platform that allows real-time global freight rate comparison, booking, and shipmentRead More
890 5th Avenue to Buyout Group Nine’s Founder Shares (GNAC)
Group Nine Acquisition Corp. (NASDAQ:GNAC) announced this afternoon that it has entered into a Membership Interest Purchase Agreement with 890 5th Avenue Partners, LLC to sell certain Class A interests of the sponsor, Group Nine SPAC, LLC, which economically corresponds to 4,025,000 shares of Class B common stock, or Founder Shares.
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New SPAC: Mars Acquisition Corp. Files for $75M IPO
Mars Acquisition Corp. (NASDAQ:MARX) filed its S-1 last Thursday, for a $75 million SPAC IPO. Although the new SPAC, has a general focus, it intends to primarily identify companies operating in the artificial intelligence sector that have achieved growth of over 25% per annum in either revenue or net profit for the past 2 years.Read More
The Latest SPAC News and Rumors: May 31, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Senator Warren plans bill to crack down on SPAC industry, Voltus partners with SemaConnect to deliver grid support
US Senator Warren Plans Bill to Crack Down on Blank Check Deals
Democratic U.S.
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The Latest SPAC News and Rumors: May 27, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SPACs see a flurry of deals, first blank-check company in the Middle East surges
SPACs Make Flurry of Deals as Blank Checks Seek Something to Own
Blank-check companies settled on deals to buy a members-only startup airline, a startup augmented reality firm and a company called Two Bit Circus this month as SPACs face pressing deadlines to strike deals or close shop.
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Goldenbridge (GBRG) to Combine with Auto Services Group in $858M Deal
Goldenbridge Acquisition Limited (NASDAQ:GBRG) has entered into a definitive agreement to combine with digitalized auto services provider Auto Services Group Limited through its indirect majority owned subsidiary Sun Car Online Insurance Agency Co., Ltd., at an enterprise value of $858 million. Shanghai, China-based SunCar is a leading provider of digital platforms of comprehensive automotive servicesRead More
New SPAC: Noble Education Acquisition Corp. Files for $100M IPO
Noble Education Acquisition Corp. (NASDAQ:NEAT) filed its S-1 Monday morning, representing the fifth SPAC to file in May. The new SPAC, which plans to raise $100 million, intends to focus its efforts on acquiring a leading business in the educational technology (“EdTech”) sector that is based on reach, content and/or assessment. More specifically, Noble EducationRead More