CITIC (NYSE:CCAC) announced this afternoon that its shareholders have approved its combination with lidar-maker Quanergy in a special meeting held this morning.
A total of 23,993,179, or 69.55%, of the company’s issued and outstanding ordinary shares were present either in person or by proxy at today’s meeting.
...READ MORE
Ivanhoe Capital (NYSE:IVAN) announced this afternoon that it expects to receive shareholder approval at its special meeting set to vote on its combination with EV battery-maker SES tomorrow.
This vote will not be final until after the meeting concludes tomorrow, but considering the good results in a very challenging market environment, a press release of this nature is certainly welcome.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
India’s most valuable startup, the online education provider Byju’s, is in negotiations with at least three SPACs and is aiming to unveil plans to go public via a merger with one of them in three to four weeks, according to people familiar with the matter.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Rigetti Computing, a pioneer in hybrid quantum-classical computing systems, announced today it has been selected to deliver hardware, software and benchmarks for phase two of a DARPA (Defense Advanced Research Projects Agency) program to develop quantum computers capable of solving complex optimization problems.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Brand Velocity Acquisition Corp.,
...READ MORE
Omnichannel Acquisition Corp. (NYSE:OCA) and direct-to-consumer homeowners insurance technology company Kin Insurance announced this afternoon that they have opted to mutually terminate their business combination agreement.
The SPAC cited unfavorable market conditions in its press release on the termination, but will turn back to the work of meeting with targets who can benefit from their team of consumer founders and operators.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
26 Capital Acquisition Corp.
...READ MORE
Sports Entertainment (NYSE:SEAH) announced in a press release that its shareholders have approved its combination with online sports betting company Super Group in a special meeting held this morning.
The transaction is expected to generate approximately $202.4 million from SEAH trust proceeds, reflecting approximately 55% of the publicly held shares that were submitted for redemption.
...READ MORE
CF Acquisition Corp. V (NASDAQ:CFV) announced in a press release today that its shareholders have approved its combination with orbital imagery company Satellogic in a special meeting held yesterday.
CFV disclosed in an 8-K filing that holders of 23,143,646 shares elected to redeem in connection with the business combination, removing 92.575% of CFV’s trust.
...READ MORE
Yellowstone Acquisition Company (NASDAQ:YSAC) announced that its shareholders have approved its combination with airport hanger manager Sky Harbour in a special meeting held earlier today.
An aggregate of 12,061,401 shares of Yellowstone’s common stock were presented for redemption, removing 88.694% of YSAC’s trust.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
LatAmGrowth SPAC announced the pricing of its $130 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LATGU” Tuesday, January 25.
The new SPAC intends to focus its search on high-growth companies in Latin America, including Brazil, as well as businesses located in the United States that cater to the Hispanic community: (1) with significant technological advantages, and/or (2) that are well-positioned to benefit from the favorable structural and secular trends of the emerging middle class.
...READ MORE
Keyarch Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “KYCHU” Tuesday, January 25.
The new SPAC intends to focus its search for a target on disruptive technology and innovative services companies in developed economies such as the U.S. and
...READ MORE
Venus (NASDAQ:VENA) announced this afternoon that it is has terminated its original backstop, and added a new backstop agreement to its combination with VIYI Algorithm.
The SPAC initially entered into a backstop agreement up to $10 million with Ever Abundant Investments Limited when it announced its $400 million deal on June 10.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Wynn Resorts (NASDAQ:WYNN) is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers, according to The Post.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
PetSmart (NASDAQ:PETM) is in talks to go public through a blank-check company backed by private equity firm KKR & Co.,
...READ MORE
Heartland Media Acquisition Corp. announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “HMA.U” Friday, January 21.
The new SPAC intends to focus its search on a business in the media, entertainment and sports sectors with a strong management team.
...READ MORE