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The Latest SPAC News and Rumors: October 27, 2022

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The Latest SPAC News and Rumors: October 27, 2022

Oct 27, 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: FlyExclusive expands partnership with SmartSky, and Graphjet announces agreement with Quantum Science

FlyExclusive, SmartSky Expands Wi-Fi Partnership Ahead of IPO

After announcing last week that it would become a publicly traded company through a $600 million special purpose acquisition company merger, flyExclusive also shared that it was planning to purchase as many as 14 Cessna Citations from Textron Aviation.

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Bull Horn Holdings (BHSE) Shareholders Approve Coeptis Therapeutics Deal

Oct 26, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Bull Horn Holdings Corp. (NASDAQ:BHSE) disclosed this afternoon that its shareholders have approved its combination with biopharmaceutical company Coeptis (OTC:COEP) in a special meeting held earlier today.

A total of 2,869,654 ordinary shares, or approximately 88.5% of Bull Horn’s outstanding public shares, were redeemed at today’s meeting.

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The Latest SPAC News and Rumors: October 26, 2022

Oct 26, 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: Saudi stock exchange CEO sees strong IPO pipeline, and Grove Collaborative products now available at more than 4,000 stores

Saudi stock exchange CEO sees strong IPO pipeline in busy year

The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales. “What

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Jupiter Wellness (JWAC) to Combine with Chijet Motor Company in $1.6Bn Deal

Oct 26, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Jupiter Wellness (NASDAQ:JWAC) has entered into a definitive agreement to combine with Chinese carmaker Chijet at an enterprise value of $1.6 billion. Yantai, China-based Chijet manufactures both internal combustion and electric vehicles through a variety of brands for the Chinese and Southeast Asian markets. The combined company is expected to trade on the Nasdaq in
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Mana Capital Acquisition Corp. (MAAQ) Shareholders Approve Cardio Diagnostics Deal

Oct 26, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Mana Capital (NASDAQ:MAAQ) announced this morning that its shareholders approved its combination with biopharmaceutical firm Cardio Diagnostics in a special meeting held yesterday.

The press release did not disclose redemption amounts, but MAAQ traded below its trust value of $10 throughout its redemption deadline October 21, and closed yesterday at a low of $5.99.

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Endurance Acquisition Corp. (EDNC) Shareholders Approve Satixfy Deal

Oct 26, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Endurance Acquisition Corp. (NASDAQ:EDNC) announced this afternoon that its shareholders approved its combination with satellite company Satixfy at a special meeting held yesterday.

The SPAC announced in an 8-K at the beginning of the week that it has added additional financing to its deal in the form of a prepaid forward transaction wherein the investor will purchase up to 10,000,000 shares.

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Provident Acquisition Corp. (PAQC) Shareholders Approve Perfect Corp. Deal

Oct 25, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Provident Acquisition Corp. (NASDAQ:PAQC) announced this afternoon that its shareholders have approved its combination with beauty tech brand Perfect Corp. at a special meeting held earlier today.

The press release did not disclose redemptions, however, Provident now expects the business combination to provide Perfect with approximately $118.5 million in gross proceeds.

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Venus Acquisition Corp. (VENA) Shareholders Approve VIYI Algorithm Deal

Oct 25, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Venus Acquisition Corp. (NASDAQ:VENA) announced in an 8-K this afternoon that its shareholders have approved its combination with VIYI Algorithm at a special meeting held on October 21.

A total of 5,312,658 shares of VENA’s common stock, representing approximately 87.81% of the issued and outstanding shares were present at the meeting.

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Yotta Acquisition Corp. (YOTA) to Combine with NaturalShrimp in $275M Deal

Oct 25, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Yotta (NASDAQ:YOTA) has entered into a definitive agreement to combine with NaturalShrimp (OTCQB:SHMP) at an enterprise value of $275 million, or 11x its 2023E revenue. Dallas-based NaturalShrimp is developing a series of land-based shrimp farms to supply the US food service market. The combined company is expected to trade on the Nasdaq once the deal
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Sizzle Acquisition Corp. (SZZL) to Combine with Critical Metals in $838M Deal

Oct 25, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Sizzle (NASDAQ:SZZL) has entered into a definitive agreement to combine with lithium miner Critical Metals at an enterprise value of $838 million. Austria-based Critical Metals is developing a greenfield lithium mine aimed at providing a localized resource to European manufacturers. The combined company is expected to trade on the Nasdaq under the symbol “CRML” once
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Bannix Acquisition Corp. (BNIX) Sponsor Sells Interest to Instant Fame LLC

Oct 25, 2022 Headline Post, INTEL by Marlena Haddad

Bannix Acquisition Corp. (NASDAQ: BNIXU) management and sponsors have sold a total of 475,000 shares of common stock to Instant Fame LLC resulting in a change in leadership.

The sponsor, Suresh Yezhuvath, CFO Nicholas Hellyer, and directors of the company, Balaji Venugopal Bhat, Subbanarasimhaiah Arun, Vishant Vora, sold an aggregate of 385,000 shares of BNIX while Suresh Yezhuvath sold 90,000 private placements units in the private transaction.

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International Media (IMAQ) to Combine with Risee Entertainment and Reliance Studios

Oct 24, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
International Media Acquisition Corp. (IMAQ) has entered into a stock purchase agreement by which it will acquire Risee Entertainment and Reliance Studios for $102 million in cash and $38 million in investment. Mumbai-based Reliance Studios produces films, shows and games primarily for the Indian market. Transaction Overview International Media has an estimated $21.9 million in
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The Latest SPAC News and Rumors: October 24, 2022

Oct 24, 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: Archer Aviation plans to build 250 air taxis in 2025, and NextChem awards LanzaTech an engineering contract

Archer Aviation plans to build 250 air taxis in 2025

Archer Aviation Inc (NYSE:ACHR) said it aims to make about 250 battery-electric air taxis in 2025 and scale up production in the following years, after setting a goal of getting its aircraft certified by the end of 2024.

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Endurance Acquisition Corp. (EDNC) Adds Funding to Satixfy Deal Ahead of Vote

Oct 24, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Endurance Acquisition Corp. (NASDAQ:EDNC) announced in an 8-K this morning that it has added additional financing to its combination with satellite company Satixfy ahead of its completion vote October 25.

The new funds come in the form of a prepaid forward transaction wherein the investor will purchase up to 10,000,000 shares.

...READ MORE
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