The Latest SPAC News and Rumors: February 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Aurora Technology Acquisition Corp. (ATAKU) Prices $200M IPO
Aurora Technology Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ATAKU” Monday, February 7.
The new SPAC intends to focus its search on high-growth technology companies based in North America and Asia (excluding China).
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Longview II (LGV) and HeartFlow Mutually Terminate Deal
Longview Acquisition Corp. II (NYSE:LGV) and medtech firm HeartFlow announced this afternoon that they have opted to mutually terminate their business combination agreement.
On November 15, 2021, Longview requested that HeartFlow management undertake a thorough financial analysis of its projections.
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Burgundy Technology (BTAQ) Opts to Liquidate Trust
Burgundy Technology (NASDAQ:BTAQ) announced this afternoon that it would be opting to liquidate its trust effective as of the close of business on March 1.
BTAQ cited that it would be liquidating “due to its inability to complete an initial business combination within the time period required“.
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The Latest SPAC News and Rumors: February 4, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Anghami soars on debut following SPAC merger, and new SPAC raises $200 million on Amsterdam Exchange
Mideast Spotify Rival Anghami Soars on Debut After SPAC Merger
Middle Eastern Spotify Technology SA rival Anghami (NASDAQ:ANGH) surged as much as 82% on its Nasdaq debut following its merger with a blank-check firm, even after all but a handful of investors opted to return their shares in exchange for cash.
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ECP Environmental Growth Opportunities Corp. (ENNV) Shareholders Approve Fast Radius Deal
ECP Environmental Growth Opportunities (NASDAQ:ENNV) announced this morning that its shareholders have approved its combination with digital supply chain firm Fast Radius in a special meeting held on Wednesday.
The parties disclosed that holders of 31,512,573 shares, par value $0.0001 per share, of ENNV exercised their right to redeem for cash at a redemption price of approximately $10.01 per share for an aggregate redemption amount of approximately $315.4 million.
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SilverBox Engaged I (SBEA) Shareholders Approve Black Rifle Coffee Deal
SilverBox I (NASDAQ:SBEA) announced this afternoon that its shareholders have approved its combination with Black Rifle Coffee in a shareholder meeting held earlier this morning.
This announcement comes as no surprise as the SPAC announced a preliminary approval of the deal in a press release yesterday.
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Kimbell Tiger Acquisition Corp. (TGR.U) Prices $200M IPO
Kimbell Tiger Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “TGR.U” Friday, February 4.
The new SPAC intends to focus its search in the energy and natural resources industry in North America.
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The Latest SPAC News and Rumors: February 3, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Co-founders of Electric Last Mile Solutions resign, and Bakkt provides preliminary financial results for 4Q21
Co-Founders of Embattled EV SPAC Exit After Bumpy Last Mile
The co-founders of Electric Last Mile Solutions Inc.
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Murphy Canyon Acquisition Corp. (MURFU) Prices $115M IPO
Murphy Canyon Acquisition Corp. announced the pricing of its $115 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MURFU” Thursday, February 3.
The new SPAC intends to focus its search on businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space.
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Edoc Acquisition Corp. (ADOC) to Combine with Calidi Biotherapeutics, Inc. in $449M Deal
Edoc (Nasdaq:ADOC) has entered into a definitive agreement to combine with biotechnology firm Calidi Biotherapeutics, Inc. at an enterprise value of $449 million. La Jolla, California-Calidi Biotherapeutics is a clinical-stage immuno-oncology company with proprietary technology that delivers oncolytic viruses for targeted therapy against difficult-to-treat cancers. The combined company is expected to trade on the NasdaqRead More
The Latest SPAC News and Rumors: February 2, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Voltus lines up bitcoin mine to provide capacity to PJM, Azerion NV lists in Amsterdam at $1.2B market cap, and Embraer’s subsidiary Eve expects 25% gross profit margin
Voltus Lines Up 100-Megawatt Bitcoin Mine to Provide Capacity to PJM Grid
Voltus Inc.,
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Environmental Impact (ENVI) Shareholders Approve GreenLight BioSciences Deal
Environmental Impact Acquisition Corp. (NASDAQ:ENVI) announced this afternoon that its shareholders have approved its combination with biotech firm GreenLight in a special meeting held yesterday.
The 8-K filing did not disclose redemption amounts, but ENVI closed yesterday at $8.57.
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Ivanhoe Capital (IVAN) Shareholders Approve SES Deal
Ivanhoe Capital (NYSE:IVAN) announced this afternoon that its shareholders have approved its combination with EV battery-maker SES in a special meeting held this morning.
The SPAC announced a preliminary approval of the business combination yesterday, however, Ivanhoe disclosed in an 8-K filing that 22,455,850 shares were presented for redemption, representing 81.362% of the SPACs trust.
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Queen’s Gambit Growth Capital (GMBT) Terminates FPA
Queen’s Gambit Growth Capital (NASDAQ:GMBT) announced this afternoon that it has terminated its forward purchase agreement (FPA) and subscription agreement in connection to its business combination with mobility tech firm Swvl.
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Merida Merger Corp. I (MCMJ) Shareholders Approve Leafly Deal
Merida Merger Corp. I (NASDAQ:MCMJ) announced this afternoon that its shareholders have approved its combination with cannabis enterprise Leafly in a special meeting held this morning.
Although the 8-K filing did not disclose redemption amounts, MCMJ traded below its trust value throughout its redemption deadline January 28, and fell 8.42% today, closing at $6.53.
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The Latest SPAC News and Rumors: February 1, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Primavera files for Hong Kong SPAC
Ex-Goldman Rainmaker’s Primavera Files for Hong Kong SPAC
Primavera Capital, the Chinese private equity firm started by former Goldman Sachs Group Inc.
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Novus Capital Corp. II (NXU) Adds $50M to Energy Vault PIPE
Novus Capital Corp. II (NYSE:NXU) announced this morning that it has added $50 million to the PIPE and entered into a licensing agreement for its combination with kinetic energy storage company Energy Vault.
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ECP Environmental Growth Opportunities Corp. (ENNV) Adjourns Meeting and Re-Strikes Fast Radius Deal
ECP (NASDAQ:ENNV) announced this morning that it had adjourned the January 31 special meeting convened for its completion vote until February 2, while altering the terms of its combination with supply chain technology firm Fast Radius.
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Alset Capital Acquisition Corp. (ACAXU) Prices $75M IPO
Alset Capital Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACAXU” Tuesday, February 1.
The new SPAC intends to focus its search on businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space.
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