Freedom Acquisition 1 (NYSE:FACT) announced over the long weekend that it has signed a non-binding letter of intent (LOI) to combine with genome sequencing firm Human Longevity, Inc. valued at $1 billion.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among sports-focused companies. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Digital Health (NASDAQ:DHAC) has entered into a definitive agreement to combine with telehealth software firm VSee and digital healthcare provider iDoc to create an entity valued at approximately $110 million.
California-based VSee provides a no code and low code SaaS platform to help physicians set up telehealth applications and Houston-based iDoc has a set of neurological telehealth tools to treat patients suffering from strokes or other brain injuries.
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Roth CH IV (NASDAQ:ROCG) announced in an 8-K filing this morning that it has signed a letter-of-intent (LOI) with a target company, but revealed no additional information about it.
The move is somewhat unusual in that Roth CH IV has plenty of time before its February 8, 2023 transaction deadline so it does not need to tease investors ahead of an extension.
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Future Health (NASDAQ:FHLT) has entered into a definitive agreement to combine with medical technology company Excelera Health at an enterprise value of $459 million, or 1.3x its annualized Q1 2022 revenues.
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Globis Acquisition Corp. (NASDAQ:GLAQ) announced this morning that it has closed its combination with Moroccan agribusiness Forafric following a special shareholder meeting held yesterday.
Notably, Globis became just the second SPAC since May 1 to get to the finish line with less than 85% redemptions since May 1.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among logistics enterprises. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Tribe Capital I (NASDAQ:ATVC) announced in an 8-K this morning that Tribe Capital Markets has resigned from its sponsor and will effectively transfer management of it to Arrow Multi Asset Fund.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Solid Power, a developer of solid-state batteries for electric vehicles that combined with Decarbonization Plus III in December 2021, aims to begin shipping pre-production battery cells by year-end for validation testing by partners BMW and Ford Motor, the company said on Monday.
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Biotech Acquisition Company (NASDAQ:NAAC) announced this morning that it has for a second time postponed its special meeting to approve its combination with Blade Therapeutics.
This meeting was first pushed back from June 1 and the SPAC has not yet set a new date.
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Magnum Opus (NYSE:OPA) announced this morning that financial media outlet Forbes has terminated the pair’s business combination after reaching the deal’s May 31 outside date.
The parties’ filing and press release did not give a cause for the decision, but the deal had been pending for more than nine months since its announcement on August 26.
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North Atlantic Acquisition Corp. (NASDAQ:NAAC) announced this morning that it has once again postponed its vote to complete its combination with fraud-protection software firm Telesign.
The SPAC’s brief press release did not lay out a new date for a renewed attempt, but noted that one will be announced “in due course.”
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Biotech Acquisition Cormpany (NASDAQ:BIOT) has postponed its special meeting to complete its combination with pharmaceutical firm Blade Therapeutics from June 1 to 10 am ET, June 3.
The SPAC has obtained sufficient votes to approve the transaction but needs additional time to satisfy all closing conditions, according to Biotech’s press release.
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Digital World’s (NASDAQ:DWAC) filed a new S-1 today, providing highly anticipated information into the investors of its $1 billion PIPE.
A total of 48 investors have subscribed to this PIPE, with ownership post-conversion of the Preferred Stock between 11,350,000 shares and 50,000 shares.
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