Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Business news and information publisher Forbes said on Wednesday it has entered into “exclusive discussions” with an investor consortium for the sale of the company.
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AGBA Acquisition Limited (NASDAQ:AGBA) announced this morning that its shareholders have approved its combination with the five subsidiaries of financial holding company TAG.
The SPAC disclosed that a total of 3,339,229 shares were tendered for redemption in connection the special meeting of shareholders. But,
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Super Group Limited (NYSE:SGHC) announced this morning that it has launched an exchange offer for all outstanding warrants (NYSE:SGHC.WS).
The company is offering warrant holders the opportunity to receive 0.25 ordinary shares in exchange for each of its outstanding public warrants until 12:01 a.m.
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Plutonian Acquisition Corp. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PLTNU” Thursday, November 10, 2022.
The new SPAC intends to focus its search for a target on businesses engaged in metaverse technologies, tourism and e-commerce related industries in the Asia-Pacific region.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Logiq, Inc. (OTCQX:
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Athlon Acquisition Corp. (NASDAQ: SWET) announced in a press release this morning that due to its inability to complete a business combination, it will dissolve and liquidate its trust.
The SPAC, which originally had a completion deadline of January 14, will now redeem all of the outstanding shares of Class A common stock that were included in the units issued in its IPO at an estimated per-share redemption price of $10.06.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
NorthView Acquisition Corp. (NASDAQ:NVAC) has entered into a definitive agreement to combine with digital health company Profusa at a pro forma equity valuation of $416 million.
Emeryville, California-based Profusa has developed a wearable medical device that can track oxygen and glucose levels with the potential to monitor a wider range of ailments.
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East Stone (NASDAQ:ESSC) announced this morning that yesterday’s special meeting to approve its combination with EV-maker ICONIQ has been adjourned to today, November 8, at 3:00 p.m.
The SPAC did not disclose why the meeting was adjourned, but as of the redemption deadline on November 3, East Stone had received requests to redeem a total of 3,111,717 ordinary shares.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Ouster (NYSE:OUST) and Velodyne (NASDAQ:VLDR), two lidar companies, have agreed to a merger in an all-stock transaction, the companies said Monday.
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10x Capital Venture II (NASDAQ:VCXA) announced this afternoon that it has secured investors for a backstop non-redemption agreement in connection to its proposed merger with alfalfa farmer African Agriculture just a day after their deal announcement.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Africa-focused private equity firm Helios Investment Partners is in talks to merge two of its portfolio companies with blank-check firm Onyx Acquisition Co.
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In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributors Anthony Sozzi and Sam Beattie.
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Digital World (NASDAQ:DWAC) has postponed its shareholder vote to extend its transaction deadline for a sixth time, this time to November 22.
Although the SPAC has not yet formally announced the move, Bloomberg reported that it was explained during Digital World’s special meeting earlier this morning.
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Flame Acquisition Corp. (NYSE:FLME) has entered into a definitive agreement to combine with energy company Sable Offshore at an enterprise value of $883 million.
Sable Offshore is set to purchase the Santa Ynez Unit (SYU) offshore oil field and its associated onshore facilities off the coast of California.
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