SDCL EDGE (NYSE:SEDA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with several entities comprising KME’s specialty aerospace business for undisclosed terms.
The LOI would see KME retain a majority stake in the business post-close and the parties expect to announce more details if they come to a definitive agreement.
...READ MORE
Global Blockchain (NASDAQ:GBBK) has entered into a definitive agreement to combine with wealth management firm Cardea at an enterprise value of $175 million.
Atlanta-based Cardea provides wealth and asset management services to high-net-worth individuals, institutions and families with a specialization in cross-border advisory services.
...READ MORE
Hainan Manaslu Acquisition Corp. (NASDAQ:HMAC) announced that it has closed its combination with Able View and the beauty brand company’s shares and warrants are to begin trading on the Nasdaq under the symbols “ABLV” and “ABLVW”, tomorrow August 18.
...READ MORE
Nova Vision (NASDAQ:NOVV) announced in an 8-K this morning that it has re-worked its combination with social real estate platform Real Messenger, lowering the equity value to be issued to the company by -40% to $45 million from $75 million.
...READ MORE
Prime Number I (NASDAQ:PNAC) announced in an 8-K that its shareholders approved its combination with EV battery-maker Noco-Noco at a shareholder meeting yesterday.
In connection with the vote, 2,695,029 shares were redeemed, leaving Prime Number I with a relatively modest 65.6% of its shares redeemed in total.
...READ MORE
Digital World Acquisition Corp. (NASDAQ:DWAC) has decided to push back its extension vote originally scheduled for today to 10 am ET September 5 as it works through several changes to the initial deal.
...READ MORE
Moringa Acquisition Corp. (NASDAQ:MACA) announced that it adjourned its extension vote this morning without conducting any business and would reconvene it at 10:30AM ET August 18.
Shareholders are to vote on whether to give the SPAC one more year for its target search, moving its deadline from August 19 of this year to the same date in 2024.
...READ MORE
Papaya Growth Opportunity Corp. I (NASDAQ:PPYA) announced in an 8-K this morning that it plans to postpone its upcoming special meeting from 11 am ET this morning to the same time August 30.
...READ MORE
Hammerhead Energy (NASDAQ:HHRS), which combined with Decarbonization Plus IV earlier this year, announced this morning that it will redeem all outstanding public warrants for $0.10 per warrant.
Holders will have the option of exercising each warrant for $11.50 per share or do so on a cashless basis.
...READ MORE
Pono Three (NASDAQ:PTHR) has entered into a definitive agreement to combine with eVTOL aircraft developer Horizon Aircraft at an equity value of $216 million.
Toronto-based Horizon has developed a hybrid eVTOL design that involves lifting the craft vertically with rotors inside its wings and forward with a larger propeller at its rear.
...READ MORE
two (NYSE:TWOA) has entered into a definitive agreement to combine with developer LatAm Properties at an enterprise value of $578 million, or 26x its 2022 EBITDA.
San Jose, Costa Rica-based LatAm Logistic owns and leases a range of industrial properties in Central and South America.
...READ MORE
Prime Number I (NASDAQ:PNAC) announced this morning that it plans to adjourn its upcoming vote to complete its combination with EV battery-maker Noco-Noco.
The special meeting was set to be held at 9 am ET today, but will be pushed to 10 am ET tomorrow.
...READ MORE
Black Spade (NYSE:BSAQ) announced that it has closed its combination with Vietnamese EV-maker VinFast and the combined company’s shares and warrants will begin trading under the symbols “VFS” and “VFSWW” tomorrow, August 15.
...READ MORE
Landcadia IV (NASDAQ:LGA) noted in a preliminary 14A filing today that it would be putting forward a proposal at an upcoming shareholder vote to buy back all outstanding warrants for undisclosed cash compensation.
...READ MORE
Prime Number I (NASDAQ:PNAC) announced in an 8-K this morning that it has signed a forward purchase agreement (FPA) with Meteora Capital Partners affiliates covering up to 2,000,000 shares.
Meteora is to buy up to this amount of shares and will be issued 2,000,000 shares less any amounts it purchases.
...READ MORE
Oak Woods (NASDAQ:OAKU) announced in an 8-K this morning that it has entered into a definitive agreement to combine with Huajin at a valuation of $250 million.
Oak Woods has about $58.5 million in its trust with a transaction deadline coming up on September 28.
...READ MORE
Swiftmerge (NASDAQ:IVCP) has entered into a definitive agreement to combine with commercial-stage biotech firm HDL Therapeutics at a $480 million valuation.
Vero Beach, Florida-based HDL has developed a medical device designed to remove plaques from patients’ coronary arteries and has been approved for some high-risk patients.
...READ MORE
Mountain & Co. I (NASDAQ:MCAA) has entered into a definitive agreement to combine with sports media platform Barça Media at a pro forma enterprise value of $973 million.
Barcelona-based Barça Media is the media wing of the FC Barcelona soccer club, which aims to have a presence in subscription programming, esports and other digital content.
...READ MORE
Black Spade (NYSE:BSAQ) announced this morning that its shareholders approved its $27 billion combination with EV-maker VinFast at a special meeting earlier today.
The deal is expected to close on August 14, after which its shares and warrants are expected to begin trading on the Nasdaq under the symbols “VFS” and “VFSWW” on August 15.
...READ MORE
10X Capital III (NASDAQ:VCXB) has entered into a definitive agreement to combine with clinical-stage biotech firm Addimmune at a pre-money enterprise value of $500 million.
Rockville, Maryland-based Addimmune is a division of American Gene Technologies International that is focused on developing a functional cure for HIV.
...READ MORE