Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Serial blank-check investor Martin Franklin is warning of more pain to come for SPACs, recommitting to his notion that the market for the vehicles is overheated and should be governed by the same guidelines as initial public offerings.
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Lionheart Acquisition Corp. II (NASDAQ:LCAP) announced this morning that it has secured a funded and committed equity facility with an affiliate of Cantor.
As background, Lionheart II entered into a definitive agreement to combine with medical billing firm MSP Recovery at an enterprise value of $32.6 billion back in July 2021.
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OTR Acquisition Corp. (NASDAQ:ORTA) filed an 8-K this afternoon with the results of its shareholders vote to approve its combination with biotech firm Comera Life Sciences in a special meeting held on Tuesday.
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Prime Number Acquisition I Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PNACU” Friday, May 13, 2022.
The new SPAC intends to focus its search on the technology-enabled financial sectors or related industries that have a strong management team.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Lordstown Motors Corp.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
French media group Banijay will go public through a merger with a blank-check acquisition firm backed by billionaire Bernard Arnault in a deal worth more than 4 billion euros ($4.21 billion), an executive at its parent company said on Tuesday.
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Monterey Capital Acquisition Corp. priced its downsized $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MCACU” Wednesday, May 11, 2022.
The new SPAC intends to combine with prospective targets focused on the clean transition economy with enterprise values of approximately $250 million to $1 billion.
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Lionheart II (NASDAQ:LCAP) as part of their business combination with MSP Recovery, announced this afternoon that it had declared their dividend in the form of 1,029,000,000 new warrants at $11.50 per share to non-redeeming shareholders.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Goldman Sachs Group Inc.
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Artisan (NASDAQ:ARTA) announced this afternoon that its shareholders have voted to approve its combination with genomic and diagnostic testing company Prenetics Group Limited in a special meeting held yesterday.
Although today’s 8-K filing did not disclose redemption numbers, ARTA traded above its trust value throughout its redemption deadline May 5, and saw a high of $10.10 yesterday.
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Global Blockchain Acquisition Corp. priced its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GBBKU” Tuesday, May 10, 2022.
The new SPAC intends to combine with prospective targets that are focused on blockchain infrastructure, blockchain applications, and related technologies with an equity valuation ranging from $300 million to $3 billion.
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Investcorp India Acquisition Corp. priced its $225 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IVCAU” Tuesday, May 10, 2022.
The new SPAC intends to combine with a high-quality business with operations in any of the healthcare, software, consumer services, IT services, business-to-business or fintech sectors in primarily India, with an enterprise value in excess of $1 billion.
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Biotech Acquisition Company (NASDAQ:BIOT) has entered into a Common Stock Purchase Agreement with CF Principal Investments LLC, an affiliate of Cantor Fitzgerald, for $75 million in relation to its combination with drug developer Blade Therapeutics.
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Duddell Street Acquisition Corp. (NASDAQ:DSAC) has secured up to $250 million in senior debt financing as well as a bonus pool for non-redeeming shareholders for its combination with legal and regulatory data provider FiscalNote.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Europe’s first blank check company focused on acquiring companies that make medicines for the biotech and pharmaceutical industry launched on Monday, with plans to raise 150 million euros.
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