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LGL Systems Acquisition Corp. (DFNS) Shareholders Approve IronNet Deal

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LGL Systems Acquisition Corp. (DFNS) Shareholders Approve IronNet Deal

LGL Systems Acquisition Corp. (NYSE:DFNS) announced in a press release today that its shareholders approved its combination with advanced network detection platform IronNet Cybersecurity earlier this morning. The press release also disclosed that 93% of the shares were redeemed in connection with the business combination. As a result, the combined company received gross proceeds of
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Magnum Opus Acquisition Limited (OPA) to Combine with Forbes Global Media in $685M Deal

Magnum Opus (NYSE:OPA) has entered into a definitive agreement to combine with media group Forbes at an enterprise value of $685 million, or 2.9x its 2022E revenue. Jersey City, New Jersey-based Forbes operates a media group including wholly-owned and licensed publications and manages branded invents internationally. The combined company is expected trade on the NYSE
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Tortoise Acquisition Corp. II (SNPR) Shareholders Approve Volta Deal

Tortoise Acquisition Corp. II (NYSE:SNPR) announced in a press release followed by an 8-K filing today that its shareholders approved its combination with electric vehicle (EV) charger Volta Industries. SNPR shareholders redeemed 24,222,287 of its shares, removing approximately $242,236,609, or 70.21%, from it’s approximate $345 million trust.  It traded well below $10 throughout its redemption
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Good Works Acquisition Corp. (GWAC) Shareholders Approve Cipher Mining Deal

Good Works Acquisition Corp. (NASDAQ:GWAC) announced in a press release today that its shareholders approved its combination with bitcoin miner Cipher Mining earlier this morning. Although the press release did not include redemptions, GWAC traded above $10 throughout its redemption deadline August 23 and is currently up 7.68% today at $10.51. Approximately 87.9% of the
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Ace Global Business Acquisition Limited (ACBA) to Combine with DDC Enterprise Limited in $300M Deal

Ace Global (NASDAQ:ACBA) has entered into a definitive share exchange agreement with DDC at an enterprise value of $300 million. Hong Kong-based DDC runs digital cooking content platform DayDayCook and recently launched its own line of prepared meals. The combined company is expected to trade on the Nasdaq once the deal is completed but the
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Law Firm White & Case Fires Shots Across the Bow

Aug 25, 2021 INTEL by Kristi Marvin

Posts a takedown of the recent lawsuits brought by former SEC Commissioner and Law Professor

In the ongoing saga surrounding the recent lawsuits brought by former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, against Pershing Square Tontine Holdings, and more recently, GO Acquisition Corp.

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The Latest SPAC News and Rumors: August 25, 2021


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

Latest SPAC News: Apollo is raising $500 million for SPACs, Cathie Wood amasses 11% stake in $17.5 billion Harry Sloan SPAC, and four SPACs backed by ShiftPixy slash IPO sizes


Apollo Seeks $500 Million Fund to Invest in SPACs

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Locust Walk Acquisition Corp. (LWAC) Shareholders Approve eFFECTOR Therapeutics Deal With Heavy Redemptions

Locust Walk Acquisition Corp. (NASDAQ:LWAC) announced in a press release today that its shareholders approved its combination with biopharmaceutical firm eFFECTOR, but roughly 97% of shareholders also opted to redeem in connection with the vote. LWAC shareholders redeemed 16,978,642 of its outstanding shares, which leaves just $5.2 million in its trust account. Combined with the
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Alpha Healthcare Acquisition Corp. (AHAC) Shareholders Approve Humacyte Deal

Alpha Healthcare Acquisition Corp. (NASDAQ:AHAC) announced in a press release today that its shareholders approved its combination with biotech company Humacyte, Inc. (“Humacyte”) at a special meeting earlier this morning. The press release did not include redemption details, but AHAC was able to trade above $10 throughout its redemption deadline August 20, and opened today
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The Latest SPAC News and Rumors: August 24, 2021


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

Latest SPAC News: Tim Hortons China to Create Data Unit Amid Xi’s Crackdown


Xi’s Data Clampdown Spurs Novel Solution From Tim Hortons China

The company running the Chinese business of Canadian coffee shop chain Tim Hortons is proposing a novel solution to address Beijing’s data security concerns as it seeks to go public in the U.S.

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The Latest SPAC News and Rumors: August 23, 2021


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

Latest SPAC News: Rocket Lab’s spacecraft confirmed for mission to Mars and CompoSecure partners with Gemini to manufacture new crypto credit card


Rocket Lab Spacecraft Confirmed for Mars as NASA Greenlights ESCAPADE Small Satellite Interplanetary Mission

Rocket Lab, a global leader in dedicated launch and space systems, today announced it will begin final mission design and manufacture to supply two interplanetary Photon spacecraft for a science mission to Mars, delivering Decadal-class science at a fraction of the cost of typical planetary missions.

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NextGen Acquisition Corp. II (NGCA) to Combine with Virgin Orbit in $3.2Bn Deal

NextGen II (NASDAQ:NGCA) has entered into a definitive agreement to combine with space venture Virgin Orbit at an enterprise value of $3.2 billion, or 2.1x its 2025E revenue Virgin Orbit delivers satellites to orbit from an airplane-based system with launch sites selected in the UK and Brazil with additional locations slated for Japan and the
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