Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) announced this morning that it has jointly terminated its combination with battery-maker WaveTech, citing market conditions.
The short press release gave few further details, but the parties were past the merger’s outside date since March 31.
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Metals Acquisition Corp. (NYSE:MTAL) announced this morning that it has completed its acquisition of the parent company for Glencore’s (LON:GLEN) CSA Copper Mine in Australia.
The combined company’s shares and warrants will begin trading today on the NYSE under the continued ticker symbols “MTAL” and “MTAL.W”,
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Freedom I (NYSE:FACT) announced this morning that it has lowered the pre-money equity valuation by half for its target Complete Solaria while bringing in $10 million more in commitments to its bridge financing.
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Prospector Capital (NASDAQ:PRSR) has entered into a definitive agreement to combine with autonomous driving technology firm LeddarTech at an equity value of $348 million.
Québec City-based LeddarTech is developing a software suite to help vehicles process information from sensors for autonomous and assisted driving platforms.
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Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it postponing its special meeting to complete its combination with cloud services firm Digerati (OTC:DTGI) for a fifth time, now to June 30.
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Pearl Holdings (NASDAQ:PRLH) announced in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with a target, but included no other details on the company.
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Ares Acquisition Corporation (NYSE:AAC) has dropped its pre-money valuation of its target company X-energy about -14.2% as a part of a deal revision announced this morning.
The parties noted they believe that bringing down X-energy’s price tag from $2.1 billion to $1.8 billion will provide a more attractive entry point for investors and provide a better opportunity for long-term value creation.
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Artemis Strategic Investment Corp. (NASDAQ:ARTE) announced in an 8-K that it has terminated its combination with British online gambling platform Novibet.
The SPAC did not disclose reasons for the breakup, but the deal was well past its December 30, 2022 outside date.
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Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to once again adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 13.
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MedTech Acquisition Corp. (NASDAQ:MTAC) announced in an 8-K this morning that it has added a $17.8 million convertible share investment and $2 million backstop to its pending combination with TriSalus Life Sciences.
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Avalon Acquisition Inc. (NASDAQ:AVAC) has secured shareholder approval for its combination with financial services firm Beneficient with about 87% of shares redeemed at the final vote.
The redemptions removed all but $27.9 million from Avalon’s trust, but the transaction did not include a minimum cash condition beyond the $5 million required for listing purposes.
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Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions.
In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust.
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Trajectory Alpha (NYSE:TCOA) announced in an 8-K this morning that it has opted to postpone its June 8 extension vote to June 12 at 10 am ET.
The SPAC will use this extra time to engage with shareholders at work to reverse redemption decisions.
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Blue Ocean (NASDAQ:BOCN) has entered into a definitive agreement to combine with digital media company TNL Mediagene at a pre-money enterprise value of $275 million.
TNL Mediagene holds the Japanese licenses for a number digital media properties as well as Taipei-based The News Lens.
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Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9.
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Blue Ocean (NASDAQ:OTEC) announced this morning that it is pushing its extension vote scheduled for 11 am ET today to 2 pm ET, June 6.
Shareholders at the special meeting are to vote on a proposal to allow Blue Ocean to automatically extend its transaction deadline up to 12 times in one-month increments from June 7 to June 7, 2024.
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