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InterPrivate II Acquisition Corp. (IPVA) Tweaks Bonus Shares

Dec 1, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

InterPrivate II Acquisition Corp. (NYSE:IPVA) disclosed this morning that it has restructured its bonus share agreement in connection to its proposed merger with carsharing marketplace Getaround.

The parties previously agreed to reserve and set aside the bonus shares, consisting of 9,333,333 shares, to be allocated to the non-redeeming public stockholders, the designees of EarlyBirdCapital and the holders of the Class B Stock.

Iris Acquisition Corp (IRAA) to Combine with Liminatus Pharma in $334M Deal

Dec 1, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Iris Acquisition Corp. (NASDAQ:IRAA) has entered into a definitive agreement to combine with biotech firm Liminatus at an enterprise value of $334 million. La Palma, California-based Liminatus is a clinical-stage drug developer working on a range of cancer treatments utilizing both preventative vaccines and CAR-T therapies. The combined company is expected to trade on the
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Lakeshore Acquisition I Corp. (LAAA) Arranges Non-Redemption Agreement

Dec 1, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Lakeshore Acquisition Corp. I (NASDAQ:LAAA) announced this morning that it has entered into a non-redemption agreement and amended its purchaser support agreement with initial shareholders in connection to its proposed merger with medical device company ProSomnus.

lock-ups

SPAC Lock-Up Expirations to Watch in December

Nov 30, 2022 INTEL by Nicholas Alan Clayton

The companies and sponsors of six SPAC deals are set to see their lock-ups expire before the end of the year. This is a relatively small monthly total as the wave of deals from 2020 and 2021 are still hitting this milestone. The list nonetheless includes some major names starting with Forafric (NASDAQ:AFRI), which is
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Pacifico Acquisition Corp. (PAFO) Shareholders Approve Caravelle Deal

Nov 30, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Pacifico Acquisition Corp. (NASDAQ:PAFO) disclosed this afternoon that its shareholders have approved its business combination with sustainable shipping company Caravelle during a special meeting held earlier today.

At today’s special meeting, 6,194,813 shares voted by proxy or in person, representing 82.65% of the total outstanding shares.

Primavera Capital (PV) Investor Wants Out of FPA Ahead of Shareholder Vote

Nov 30, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Primavera Capital (NYSE:PV) announced this afternoon that it has received letters from Sky Venture Partners, claiming that it has been relieved of its obligation under its previous forward purchase agreement (“FPA”).

latest-news

The Latest SPAC News and Rumors: November 30, 2022

Nov 30, 2022 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Lordstown Motors begins shipping Foxconn-made EV pickup trucks, AUM Biosciences receives FDA Orphan Drug Designation, and Newsight Imaging selected for FastLane commercialization program

Lordstown Motors begins shipping its Foxconn-made EV pickup trucks

Lordstown Motors (NASDAQ:RIDE) has starting shipping its all-electric Endurance pickup trucks manufactured by Foxconn, a milestone that seemed impossible earlier this year.

Lakeshore Acquisition I Corp. (LAAA) Adds $8.2M to PIPE

Nov 30, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) announced in an 8-K filing this morning that it has added $8.2 million in additional financing to its deal with medical device company ProSomnus.

The investment comes in exchange for 820,000 shares, but investors will also receive 619,932 additional shares so that they are effectively buying in at $5.69 per share.

InterPrivate II Acquisition Corp. (IPVA) Arranges Non-Redemption Agreement

Nov 30, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

InterPrivate II Acquisition Corp. (NYSE:IPVA) announced this morning that it has entered into a non-redemption agreement with the Magnetar Funds in connection to its proposed merger with carsharing marketplace Getaround.

Pursuant to the agreement, each non-redeeming stockholder agreed that it will not redeem an amount of shares of Class A Common Stock up to an aggregate of 1,550,000 shares.

Twin Ridge Capital (TRCA) to Combine with Carbon Revolution in $270M Deal

Nov 30, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Twin Ridge (NYSE:TRCA) has entered into a definitive agreement to combine with car parts manufacturer Carbon Revolution (ASX:CBR) at an enterprise value of $270 million, or 9.4x its 2022E revenue. Geelong, Australia-based Carbon Revolution makes ultra-light carbon fiber wheels for the high-end automotive industry. The combined company is expected to delist from the ASX and
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latest liquidations

The Latest Liquidations: November 29, 2022

Nov 29, 2022 De-SPAC Votes and Redemptions, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC Liquidations: Sandbridge X2 Corp., PWP Forward Acquisition Corp. I, Crucible Acquisition Corp.,

latest liquidations

Periphas Capital Partnering Corp. (PCPC) to Liquidate

Nov 29, 2022 Headline Post, INTEL by Marlena Haddad

Periphas Capital Partnering Corp. (NYSE: PCPC) announced this afternoon that it has decided to liquidate its trust instead of extending its timeline to find a business combination.

The SPAC’s Board has determined that the company will not be able to negotiate a letter of intent, agreement in principle or definitive agreement for the potential partnering transaction.

new-spac

New SPAC: Horizon Space Acquisition 1 Corp. Files for $60M IPO

Nov 29, 2022 Headline Post, INTEL, New S-1 Filings by Marlena Haddad

Horizon Space Acquisition 1 Corp. (NASDAQ:HSPO) filed its S-1 this afternoon for a $60 million IPO as the fifth SPAC to file for an IPO in November thus far. Although the new company’s efforts to identify a prospective target business are not limited to a particular industry or geographic location, Horizon Space 1 has significant ties
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latest liquidations

Empowerment & Inclusion Capital I Corp. (EPWR) to Liquidate

Nov 29, 2022 Headline Post, INTEL by Marlena Haddad

Empowerment & Inclusion Capital I Corp. (NYSE: EPWR) announced this afternoon that it will liquidate its trust due to its inability to complete a business combination.

The company expects its public shares to stop trading on the NYSE as of the close of business on December 13.

latest-news

The Latest SPAC News and Rumors: November 29, 2022

Nov 29, 2022 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Faraday Future ousts its CEO and Hyzon Motors SPAC board is sued over ‘outlandish’ deal hype

EV SPAC Faraday Future ousts its CEO

Faraday Future (NASDAQ:FFIE), the troubled EV startup-turned-publicly-traded company, has shuffled its executive ranks once again.

latest liquidations

Hudson Executive Investment Corp. II (HCII) and III (HIII) to Liquidate

Nov 29, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Hudson Executive II (NASDAQ:HCII) and Hudson Executive III (NASDAQ:HIII) announced this morning that both will liquidate as neither will consummate a business combination by their original deadline.

Both will return $10.10 per share to public investors as the anticipated redemption rate with the distribution expected to occur on December 21.

spac-webinar

Webinar: Considerations for Creating Shareholder Value in a Volatile Market

Nov 28, 2022 Headline Post, INTEL by Kristi Marvin

Considerations for Creating Shareholder Value in a Volatile Market

Join us for a virtual panel on December 14, 2022

The current trends of rising interest rates and inflationary cost increases, among other things, have imposed downward pressures on publicly traded equity prices, especially for businesses that became publicly traded via a de-SPAC merger.

latest-news

The Latest SPAC News and Rumors: November 28, 2022

Nov 28, 2022 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Virgin Galactic appoints new top lawyer, Trump Media SPAC rises after investors approve merger deadline extension, and Al Maadeed to be first Qatari to list company on NYSE

Virgin Galactic, Preparing for Liftoff, Appoints New Top Lawyer

Virgin Galactic Holdings Inc.

PMV Consumer (PMVC) to Liquidate Trust, But Continue Trading

Nov 25, 2022 Headline Post, INTEL by Nicholas Alan Clayton

PMV Consumer (OTC PINK:PMVC) announced that it is redeeming all non-insider public shares for approximately $10.09 per share, but it will not be dissolving just yet.

The SPAC is set to provide written redemption notices to each shareholder and trust proceeds are to be distributed within 30 days of these notices.

latest-news

The Latest SPAC News and Rumors: November 25, 2022

Nov 25, 2022 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Ex-Marvel chief takes the wheel at Arrival, Paysafe plans reverse stock split, and Dave Inc.

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