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OceanTech Acquisitions I Corp. (OTEC) to Combine with Majic Wheels in $333M Deal

OceanTech Acquisitions I Corp. (OTEC) to Combine with Majic Wheels in $333M Deal

Nov 16, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
OceanTech I (NASDAQ:OTEC) has entered into a definitive agreement to combine with Majic Wheels at a combined business value of $333.3 million. Houston-based Majic (OTC:MJWL) operates a cryptocurrency exchange and fintech platform active in India. The combined company is expected to trade on the Nasdaq under the symbol “MJWL” once the deal is completed in
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Tuscan Holdings Corp. II (THCA) Terminates Deal with Surf Air Mobility

Nov 16, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Tuscan Holdings Corp. II (NASDAQ:THCA) announced this morning that it has mutually agreed to terminate its combination with regional air travel company Surf Air Mobility.

The press release included little other information, but an 8-K filing notes that should Surf later complete a direct listing, IPO, private sale or further SPAC transaction between now and November 14, 2025, it will issue 600,000 shares to Tuscan II and as well as either 35,000 shares or $700,000 as a termination fee.

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Liberty Media Acquisition Corp. (LMACA) Shareholders Approve Early Liquidation Date

Nov 15, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Liberty Media Acquisition Corp. (Nasdaq: LMACA) announced this afternoon that its shareholders have approved a proposal to allow LMAC to amend its deadline date so it can liquidate early.

The SPAC previously filed a proxy in September to unwind and redeem all of its outstanding public shares prior to December 30, 2022.

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Frazier Lifesciences Acquisition Corp. (FLAC) Shareholders Approve NewAmsterdam Pharma Deal

Nov 15, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Frazier Lifesciences (NASDAQ:FLAC) announced this morning that its shareholders have approved its business combination with biotech firm NewAmsterdam Pharma Holding during a special meeting today.

The SPAC disclosed that holders of approximately 32% of FLAC Class A ordinary shares exercised their right to redeem their shares for cash, significantly lower than the average redemption rate for completed deals this year at 83.99%.

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The Latest SPAC News and Rumors: November 15, 2022

Nov 15, 2022 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: Elliott discloses new stake in Clarivate, Virusight and Technogenetics expand collaboration, and Apollomics receives FDA Orphan Drug Designation  

Elliott Takes Stake in Clarivate With Take-Private Wave Rising

Elliott Investment Management disclosed a new stake in Clarivate Plc (NYSE:CLVT) amid a wave of take-private transactions in the information services sector.

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MedTech Acquisition Corp (MTAC) to Combine with TriSalus Life Sciences in $234M Deal

Nov 14, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
MedTech Acquisition Corporation (NASDAQ:MTAC) has entered into a definitive agreement to combine with drug developer TriSalus Life Sciences at an enterprise value of $234 million. Denver-based TriSalus is developing a range of cancer treatments that utilize the company’s approved and commercialized medical device. The combined company is expected to trade on the Nasdaq under the
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Kingswood Acquisition Corp. (KWAC) Adjourns Extension Vote

Nov 14, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Kingswood Acquisition Corp. (NYSE:KWAC) announced this morning that it is adjourning tomorrow’s special meeting from November 15, to November 18.

Similar to the issues Digital World (Nasdaq: DWAC) is having with its own extension vote, Kingswood disclosed that the meeting is being adjourned in order to solicit more votes toward the approval to further extend to May 24, 2023.

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TLG Acquisition One Corp. (TLGA) to Combine with Electriq Power in $620M Deal

Nov 14, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
TLG Acquisition One Corp. (NYSE:TLGA) has entered into a definitive agreement to combine with energy storage provider Electriq Power at a pro forma enterprise value of $620 million, or 4.6x 2023E revenue. The West Palm Beach, Florida-based company provides intelligent energy storage and management solutions for residential and businesses across the U.S. The combined company is expected
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Parabellum Acquisition Corp. (PRBM) to Combine with EnOcean in $167M Deal

Nov 14, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Parabellum (NYSE:PRBM) has entered into a definitive agreement to combine with internet of things (IoT) device-maker EnOcean at an enterprise value of $166.9 million. Oberhaching, Germany-based EnOcean makes low-power IoT devices for smart buildings and offices. The combined company is expected to trade on the NYSE under the symbol “SIOT” once the deal is completed
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New SPAC: Pono Capital Three, Inc. Files for $100M IPO

Nov 11, 2022 Headline Post, INTEL, New S-1 Filings by Marlena Haddad
Pono Capital Three, Inc. (NASDAQ:PTHR) filed its S-1 yesterday afternoon for a $100 million IPO as the third SPAC to file for an IPO in November thus far. The SPAC will seek a target in the disruptive technology sector with a spotlight on companies in Asia with Japan in particular. Pono Capital Three has stated that
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New SPAC: Alkaid Acquisition Corp. Files for $50M IPO

Nov 11, 2022 Headline Post, INTEL, New S-1 Filings by Marlena Haddad
Alkaid Acquisition Corp. (NASDAQ:ALKD) filed its S-1 yesterday afternoon for a $50 million IPO, marking the fourth SPAC to file for an IPO in November thus far. Although the new SPAC’s efforts to identify a target business will not be limited to a particular industry or geographic region, it intends to focus on the Internet
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The Latest SPAC News and Rumors: November 11, 2022

Nov 11, 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: Polestar Q3 loss narrows, DWAC has wild ride triggered by midterm elections, and Cvent partners with Zoom for live events

Polestar Q3 loss narrows, expects hit from rising costs

Polestar (NASDAQ:PSNYW) on Friday reported a smaller third-quarter operating loss as revenue more than doubled and the company cut spending, sending shares soaring 29% in early trading.

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