STOP THE WAR! Let’s support Ukraine Together

Author: Nicholas Alan Clayton

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MedTech Acquisition Corporation (MTAC) Shareholders Approve TriSalus Deal

MedTech Acquisition Corporation (NASDAQ:MTAC) announced in an 8-K this morning that its shareholders approved its combination with drug developer TriSalus Life Sciences at a special meeting yesterday.

A further 890,499 shares were redeemed in the vote, which would reduce the SPAC’s trust by $9.4 million, leaving about $2.6 million remaining.

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Artemis Strategic (ARTE) to Combine with Danam Health in $200M Deal

Artemis Strategic Investment Corporation (NASDAQ:ARTE) has entered into a definitive agreement to combine with Danam Health at a pro forma enterprise value of $200 million.

Lutz, Florida-based Danam operates a technology division with a proprietary digital health and medication adherence platform along with a pharmaceutical wholesale division that serves all 50 states.

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Catcha Investment Corp. (CHAA) to Combine with Crown LNG in $685M Deal

Catcha Investment Corp. (NYSE:CHAA) has entered into a definitive agreement to combine with energy infrastructure firm Crown LNG at an enterprise value of $685 million, or 8x to 10x its 2028E EBITDA. Oslo-based Crown LNG has developed all-weather platforms for liquifying and re-gasifying natural gas at sea with its first two projects headed for near-term launch.
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PROOF Acquisition Corp I (PACI) to Combine with Volato in $261M Deal

PROOF (NYSE:PACI) has entered into a definitive agreement to combine with private aviation company Volato at an enterprise value of $261.1 million, or 2.7x its 2022 revenue.

Atlanta-based Volato has developed a fleet of private aircraft and operates a fractional ownership and charter jet network based out of regional airports.

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Alset Capital Acquisition Corp. (ACAX) Shareholders Approve HWH International Deal

Alset Capital Acquisition Corp. (NASDAQ:ACAX) announced in an 8-K this morning that its shareholders approved its combination with lifestyle company HWH International at an August 1 special meeting.

It has not yet released its final redemption figures, but went into the vote having already seen 77% redemptions reduce its trust to $20.3 million.

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Churchill Capital Corp VII (CVII) to Combine with CorpAcq Holdings in $1.6Bn Deal

Churchill VII (NYSE:CVII) has entered into a definitive agreement to combine with private equity firm CorpAcq at an enterprise value of $1.58 billion, or 10.3x its 2023E adjusted EBITDA.

Altrincham, UK-based CorpAcq is a long-term corporate acquirer with a portfolio of 41 enterprises primarily in the industrial sector.

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Genesis Unicorn Capital Corp. (GENQ) Adds FPA to ESGL Deal

Genesis Unicorn (NASDAQ:GENQ) announced in an 8-K this morning that it has added a forward purchase agreement (FPA) to its combination with sustainable energy firm ESGL Holding.

Vellar Opportunities Fund has agreed to purchase up to 4,400,000 shares from third parties and brokers through the arrangement, which is to take the form of a OTC equity prepaid forward transaction.

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