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Supernova Partners (SPNV) Shareholders Approve Offerpad Deal

Supernova Partners Acquisition Corp. (NYSE:SPNV) announced in an 8-K filing today that its shareholders approved its combination with proptech firm Offerpad earlier this morning. Holders of 36,886,002 shares of SPNV were present at today’s meeting, and the business combination received 34,342,933 votes in favor of the transaction. The filing did not release redemption numbers, but
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The Latest SPAC News and Rumors: August 31, 2021


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Sponsor behind Forbes deal says slowdown is ‘healthy’ for the market, Vice Media abandons SPAC talks, and former American Express executive Joan Amble joins Buzzfeed’s Board of Directors


Slowdown in SPAC Issuance Healthy For Markets, Sponsor Behind Forbes Deal Says

A slowdown in issuance by SPACs following a blockbuster start this year is “healthy” for the market and will help sustain the appetite for the investment vehicle going forward, according to the co-founder of L2 Capital Management, a Hong Kong-based private investment firm and blank-check sponsor.
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IPO-Pricing

Alpine Acquisition Corp. (REVEU) Prices $100M IPO

Aug 31, 2021 IPOs by Marlena Haddad

Alpine Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “REVEU” Tuesday, August 31.

The new SPAC intends to combine with LA-based amusement park Two Bit Circus, concurrent with the completion of an initial business combination focusing on businesses such as drive-to destination hotels, digital entertainment and gaming, and lodging technology.

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Spring Valley (SV) Shareholders Approve AeroFarms Deal

Spring Valley Acquisition Corp. (NASDAQ:SV) announced in a press release today that its shareholders approved its combination with vertical farming venture AeroFarms earlier this morning. The press release did not disclose redemption figures, but it is assumed a significant amount of shares were redeemed in connection to the vote since the release stated the minimum
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Centricus (CENH) Pre-Announces Heavy Redemptions With Arqit

Centricus Acquisition Corp. (NASDAQ:CENH) pre-announced its redemption amounts this morning in an 8-K filing ahead of its shareholder meeting tomorrow to vote on its combination with quantum encryption technology firm Arqit. The filing disclosed that shareholders of CENH redeemed an aggregate of 32,351,570 shares, removing 93.8% of its trust. Centricus originally brought in about $345 million
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TWC Tech Holdings II (TWCT) Shareholders Approve Cellebrite Deal

TWC Tech Holdings II Corp. (NASDAQ:TWCT) announced in a press release today that its shareholders approved its combination with digital intelligence firm Cellebrite earlier this morning. The press release did not disclose redemption amounts, or any other information aside from the fact that all proposals were approved, but TWCT traded well above $10 throughout its
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Blue Water Acquisition Corp. (BLUW) Shareholders Approve Clarus Therapeutics Deal

Blue Water Acquisition Corp. (NASDAQ:BLUW) announced in a press release today that its shareholders approved its combination with pharmaceutical firm Clarus Therapeutics earlier this morning. A total of 3,270,531 shares were redeemed in connection with the meeting, leaving approximately $25 million remaining in the trust, which was estimated to hold $58.7 million going into the
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The Latest SPAC News and Rumors: August 27, 2021


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Lucid investors could be forced to endure windfall, and Aurora says its next generation hardware kit will debut later this year


Lucid’s SPAC Investors Could Be Forced to Endure a Windfall

With Lucid (NASDAQ:LCID) hovering around $21.70, investors could almost double their money.

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LGL Systems Acquisition Corp. (DFNS) Shareholders Approve IronNet Deal

LGL Systems Acquisition Corp. (NYSE:DFNS) announced in a press release today that its shareholders approved its combination with advanced network detection platform IronNet Cybersecurity earlier this morning. The press release also disclosed that 93% of the shares were redeemed in connection with the business combination. As a result, the combined company received gross proceeds of
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IPO-Pricing
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Tortoise Acquisition Corp. II (SNPR) Shareholders Approve Volta Deal

Tortoise Acquisition Corp. II (NYSE:SNPR) announced in a press release followed by an 8-K filing today that its shareholders approved its combination with electric vehicle (EV) charger Volta Industries. SNPR shareholders redeemed 24,222,287 of its shares, removing approximately $242,236,609, or 70.21%, from it’s approximate $345 million trust.  It traded well below $10 throughout its redemption
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Good Works Acquisition Corp. (GWAC) Shareholders Approve Cipher Mining Deal

Good Works Acquisition Corp. (NASDAQ:GWAC) announced in a press release today that its shareholders approved its combination with bitcoin miner Cipher Mining earlier this morning. Although the press release did not include redemptions, GWAC traded above $10 throughout its redemption deadline August 23 and is currently up 7.68% today at $10.51. Approximately 87.9% of the
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The Latest SPAC News and Rumors: August 25, 2021


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Apollo is raising $500 million for SPACs, Cathie Wood amasses 11% stake in $17.5 billion Harry Sloan SPAC, and four SPACs backed by ShiftPixy slash IPO sizes


Apollo Seeks $500 Million Fund to Invest in SPACs

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Locust Walk Acquisition Corp. (LWAC) Shareholders Approve eFFECTOR Therapeutics Deal With Heavy Redemptions

Locust Walk Acquisition Corp. (NASDAQ:LWAC) announced in a press release today that its shareholders approved its combination with biopharmaceutical firm eFFECTOR, but roughly 97% of shareholders also opted to redeem in connection with the vote. LWAC shareholders redeemed 16,978,642 of its outstanding shares, which leaves just $5.2 million in its trust account. Combined with the
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Alpha Healthcare Acquisition Corp. (AHAC) Shareholders Approve Humacyte Deal

Alpha Healthcare Acquisition Corp. (NASDAQ:AHAC) announced in a press release today that its shareholders approved its combination with biotech company Humacyte, Inc. (“Humacyte”) at a special meeting earlier this morning. The press release did not include redemption details, but AHAC was able to trade above $10 throughout its redemption deadline August 20, and opened today
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The Latest SPAC News and Rumors: August 24, 2021


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Tim Hortons China to Create Data Unit Amid Xi’s Crackdown


Xi’s Data Clampdown Spurs Novel Solution From Tim Hortons China

The company running the Chinese business of Canadian coffee shop chain Tim Hortons is proposing a novel solution to address Beijing’s data security concerns as it seeks to go public in the U.S.

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