The Latest SPAC News and Rumors: April 26, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Aimfinity Investment Corp. I (AIMAU) Prices $70M IPO
Aimfinity Investment Corp. I priced its $70 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AIMAU” Tuesday, April 26, 2022.
The new SPAC intends to focus on identifying unique business concepts with high-performing organizations that have both aspirations to accelerate growth and create enduring value within the technology sector.
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Data Knights Acquisition Corp. (DKDCA) to Combine with OneMedNet Corporation in $317M Deal
Data Knights (NASDAQ:DKDCA) has entered into a definitive agreement to combine with medical image archiver OneMedNet at an enterprise value of $317 million. Minneapolis-based OneMedNet provides researchers with an archive of regulatory-grade medical images from scans and other hospital records. The combined company is expected to trade on the Nasdaq once the deal is completedRead More
The Latest SPAC News and Rumors: April 25, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bed Bath & Beyond draws interest from Tailwind SPAC, Swvl buys Turkish transit firm, and crypto platform investors sue SPAC execs over accounting
Bed Bath & Beyond Stock Jumps on Report Company Received Bids for BuyBuy Baby Unit
Bed Bath & Beyond’s (NASDAQ:BBY) shares jumped Friday on news that the company is considering offers to buy its BuyBuy Baby business.
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Crescent Term Kicks in and Starry (STRY) Adjusts Warrant Exercise Price
Starry Group Holdings (NYSE:STRY) announced this morning that it will be reducing the warrant exercise price and adjusting the redemption trigger price as a result of the Crescent Term being triggered.
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BOA (BOAS) Secures $147.5M for Selina Deal
BOA Acquisition Corp. (NYSE:BOAS) has added $147.5 million in convertible note financing to its combination with hospitality brand Selina.
Although the press release does not disclose who the additional financing is from, Sam Khazary, Selina Senior Vice President and Global Head of Corporate Development, thanked Oppenheimer & Co.
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ITHAX (ITHX) Upsizes PIPE for Mondee Deal
ITHAX Acquisition Corp. (NASDAQ:ITHX) announced this morning it has secured an additional $20 million in funding for a total PIPE size of approximately $70 million to finance its combination with technology-first travel marketplace company Mondee.
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TradeUP Global Corp. (TUGC) Shareholders Approve SAITECH Limited Deal
TradeUP Global Corp. (NASDAQ:TUGC) announced this afternoon that its shareholders have voted to approve its combination with crypto-mining equipment maker SAITECH.
Holders of 4,311,707 of TUGC’s ordinary shares, representing approximately 73.9% of the shares outstanding, were present at today’s meeting.
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The Latest SPAC News and Rumors: April 22, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Truth Social migrates to Rumble cloud and NuScale Power collaborates with U.S.
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New SPAC: Global Blockchain Files for $150M IPO
We’re bringing back a blast from the past – when the market wasn’t pricing dozens of new SPAC per month – by featuring interesting new SPACs that have just filed. Global Blockchain Acquisition Corp. (NASDAQ:GBBK) filed its S-1 yesterday afternoon, making it the second crypto-focused SPAC to file for an IPO this year. The SPACRead More
The Latest SPAC News and Rumors: April 21, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hedge fund bets against SPAC tied to Trump, Indian government eyes SPAC framework to enable new listing route, and Rezolve partners with Computop
Hedge Fund Bets Against a SPAC Tied to Trump After Truth Social ‘Disaster’
Hedge fund Kerrisdale Capital Management is betting against the shell company tied to Donald Trump, wagering that it will fail to get regulatory approval to merge with his media company and take it public.
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New SPAC: EF Hutton I to Hunt Consumer and Retail Targets
We’re bringing back a blast from the past – when the market wasn’t pricing dozens of new SPAC per month – by featuring interesting new SPACs that have just filed. EF Hutton Acquisition Corp. I filed its S-1 last Friday, April 15, marking only the sixth company to file for a SPAC IPO in AprilRead More
The Latest SPAC News and Rumors: April 20, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Wag! announces record 1Q results, Semantix launches new analytics feature, and Presto partners with Famous Dave’s
Wag!
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Yotta Acquisition Corp. (YOTAU) Prices $100M IPO
Yotta Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YOTAU” Wednesday, April 20, 2022.
The new SPAC intends to focus on high technology, blockchain, software and hardware, e-commerce, social media, and other general business industries globally.
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BRC (BRCC) Announces Redemption Fair Market Value of Warrants
BRC Inc. (NYSE:BRCC) announced this afternoon that it will be calling for a “redemption fair market value” for its previously announced redemption of outstanding warrants to determine the number of shares that will be issued on a cashless exercise.
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Tuatara Capital (TCAC) Re-Strikes Springbig Deal
Tuatara Capital Acquisition Corp. (NASDAQ:TCAC) announced this afternoon it has made several changes to its transaction with cannabis marketing software company springbig. The amendments covered a range of agreements including the equity value, the issuance of TCAC common stock, the earnout period, and the sponsor letter agreement. The $300 million deal originally had an impliedRead More
The Latest SPAC News and Rumors: April 19, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Billionaire Francois Pinault and partners set to buy Deezer in $1.1B deal, Singapore SPACs draw investor interest, and Lilium hit with investor lawsuit
Billionaire Francois Pinault and Partners Are Set to Buy Deezer in a $1.1 Billion Deal
Billionaire Francois Pinault and the other founders of a blank-check firm are buying music-streaming platform Deezer in a deal valued at more than $1 billion.
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Gesher I Acquisition Corp. (GIAC) Adds $10M Backstop
Gesher I Acquisition Corporation (NASDAQ:GIAC) announced this morning that it has proactively received another $10 million backstop, just weeks after adding adding an initial $10 million backstop and tweaking its forward-purchase agreement (FPA).
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The Latest SPAC News and Rumors: April 18, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: New SPAC ETF plots Wall Street launch, Singapore SPAC plans merger with EUDA Health, and SeatGeek announces record fourth quarter
New SPAC ETF Plots Wall Street Launch Even as the Market Craters
A new exchange-traded fund is on the way looking to tap the once red-hot SPAC market, even as investor enthusiasm for blank-check firms sputters and existing products stumble.
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Archimedes Tech SPAC Partners (ATSPT) Adds $2M PIPE to SoundHound Deal
Archimedes Tech SPAC Partners Co. (NASDAQ:ATSPT) has added $2 million to their PIPE for its combination with voice AI firm SoundHound, bringing the deal’s total PIPE proceeds to $113 million.
The SPAC entered into a subscription agreement with an accredited investor on April 9, to which the new subscriber agreed to purchase 200,000 shares of Class A Common Stock of Archimedes, at a purchase price of $10.00 per share.
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