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Genesis Park Acquisition Corp. (GNPK) Shareholders Approve RedWire Deal

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Genesis Park Acquisition Corp. (GNPK) Shareholders Approve RedWire Deal

Genesis Park Acquisition Corp. (NYSE:GNPK) announced in an 8-K filing today that its shareholders have approved its combination with aerospace part manufacturer RedWire in a meeting held earlier this morning. The filing did not disclose redemption figures, but GNPK traded above $10 throughout its redemption deadline August 30.  GNPK fell by 1.28% and closed at
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Chardan Healthcare Acquisition 2 Corp. (CHAQ) Shareholders Approve Renovacor Deal

Chardan Healthcare Acquisition 2 Corp. (NYSE:CHAQ) announced in a press release today that its shareholders have approved its combination with biotech firm Renovacor in a meeting held earlier this morning. CHAQ did not report exact redemption amounts, but mentioned the transaction will provide gross proceeds of approximately $95.1 million, including $30.0 million from the concurrent closing
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The Latest SPAC News and Rumors: September 1, 2021


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

Latest SPAC News: Moelis SPAC holders advised by ISS to vote down Archer deal, Compass Digital is said to plan $200 million IPO, and Singapore Exchange to roll out new rules for SPACs


Moelis SPAC Holders Advised by ISS to Vote Down Archer Deal

Investors in Ken Moelis’s Atlas Crest Investment Corp.

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Centricus Acquisition Corp. (CENH) Shareholders Approve Arqit Deal

Centricus Acquisition Corp. (NASDAQ:CENH) announced in an 8-K filing today that its shareholders have approved its combination with quantum encryption technology firm Arqit, albeit with heavy redemptions. The SPAC pre-announced its redemption amounts two days ago in an 8-K where it disclosed shareholders redeemed an aggregate of 32,351,570 shares. It has since gotten 2,200,000 shares to
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CM Life Sciences II Inc. (CMII) Shareholders Approve SomaLogic Deal

CM Life Sciences II Inc. (NASDAQ:CMIIU) announced in an 8-K filing today that its shareholders approved its combination with proteomics firm SomaLogic at a meeting yesterday. The filing did not include redemption details, but CM II may have been safer than other SPACs heading to close this month as it opened at $9.99 on its
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IPO-Pricing
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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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Petra Acquisition, Inc. (PAIC) to Combine with Revelation Biosciences in $128M Deal

Petra (NASDAQ:PAIC) has entered into a definitive agreement to combine with biotech firm Revelation Biosciences at an enterprise value of $128 million. San Diego-based Revelation is developing two drug candidates aimed at treating respiratory diseases as well as a diagnostic device for diagnosing viral infections. The combined company is expected to trade on the Nasdaq
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SPAC-Terms-Tracker
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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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49 Law Firms Unite and Push Back on Recent SPAC Litigation

Aug 27, 2021 INTEL by Kristi Marvin

The legal community signs statement declaring these suits are “without factual or legal basis”.

In response to the recent PR machine from former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, which have put out multiple statements in the press noting they intend to litigate SPACs for Investment Company Act of 1940 issues, an astonishing 49 law firms have coalesced to release a response to these allegations.

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