The Latest SPAC News and Rumors: September 14, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Maxpro Capital Acquisition Corp. (JMAC) to Combine with Apollomics
Maxpro Capital (NASDAQ:JMAC) has entered into a definitive agreement to combine with biopharmaceutical firm Apollomics at a pre-money equity value of $899 million. Foster City, California-based is developing a line of drug candidates to treat rare cancers with clinical processes nearing completion in both the US and Chinese treatment markets. The combined company is expectedRead More
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Kensington Capital IV (KCA.U) Shareholders Approve Amprius Deal
Kensington Capital Acquisition Corp. IV (NYSE:KCAC) announced in an 8-K this morning that its shareholders have approved its combination with battery-maker Amprius with better-than-average redemptions.
At a special meeting September 13, Kensington IV shareholders voted to approve the deal with about 71.8% redeeming shares in connection with the vote.
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Alpha Star Acquisition Corp. (ALSA) Signs LOI
Alpha Star Acquisition Corp. (NASDAQ:ALSA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with global payments and SaaS provider Cyclebit Group.
Founded in 2012, Cyclebit builds technology across the payments sector including card acquiring, point-of-sale services and marketplace solutions.
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The Latest SPAC News and Rumors: September 13, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Grindr names George Arison CEO as it prepares for public debut, Getaround partners with GO, and Plastiq expands short-term financing offering
Grindr Names George Arison CEO as It Prepares for Public Debut
Grindr LLC, the dating app that specializes in connections for the LGBTQ+ community, has named George Arison its new chief executive officer, fulfilling a pledge to appoint someone who identifies with that group to lead the company as it prepares to go public.
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Delwinds Insurance (DWIN) Pre-Announces Redemptions, Listing Change
Delwinds Insurance (NYSE:DWIN) announced this morning that it has received requests to redeem 99.5% of its shares and it is transferring its listing to the NYSE American exchange.
The SPAC noted that it had received requests for to redeem 10,991,407 as of its redemption deadline at 5:00 pm September 12.
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Adit EdTech (ADEX) Announces $200M Share Purchase Agreement for Griid Deal
Adit EdTech (NYSE:ADEX) announced this afternoon that it has inked a share purchase agreement with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited that will provide up to $200 million to its combination with bitcoin self-mining company Griid Infrastructure.
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Alset Capital Acquisition Corp. (ACAX) to Combine with HWH International
Alset Capital (NASDAQ:ACAX) has entered into a definitive agreement to combine with lifestyle company HWH International.
Bethesda, Maryland-based HWH offers a range of perks via a membership program aimed at wellness, travel and VR experiences.
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Delwinds Insurance (DWIN) Announces Anticipated FPA and Revised Backstop
Delwinds Insurance (NYSE:DWIN) announced in a press release this afternoon that it will be entering into a forward purchase agreement with an institutional investor and its affiliates in connection to its proposed merger with FOXO Technologies.
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Kensington Capital IV (KCA.U) Secures Additional $5M PIPE
Kensington Capital Acquisition Corp. IV (NYSE:KCAC) announced that it has once again secured an additional PIPE for its business combination with Amprius Technologies, Inc, just days after entering into agreements worth $15.525 million.
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The Latest SPAC News and Rumors: September 12, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Nikola’s Trevor Milton faces NY jury, Byju’s failure to publish accounts prompts scrutiny, and SPACs underwhelm in Hong Kong and Singapore
Nikola’s Trevor Milton Faces New York Jury in His Toughest Sales Job
Trevor Milton sold investors on the idea his company was building the truck of the future.
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DiamondHead Holdings Corp. (DHHC) to Combine with Great Southern Homes in $572M Deal
DiamondHead Holdings Corp. (NASDAQ:DHHC) has entered into a definitive agreement to combine with homebuilding company Great Southern Homes, Inc., at a pro forma enterprise value of approximately $572 million. Columbia, South Carolina-based Great Southern Homes (“GSH”) is currently one of the largest homebuilders in the Southeast and focuses on the entry level home buyer segments. The combined companyRead More
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Fintech Ecosystem Development Corp. (FEXD) to Combine with Rana Financial & Mobitech International
Fintech Ecosystem (NASDAQ:FEXD) has entered into a definitive agreement to combine with financial services providers Rana and Mobitech at a combined enterprise value of $198 million. Rana and Mobitech provide digital borrowing and money transfer services to customers in Brazil and India, respectively. The combined company is expected to trade on the Nasdaq under theRead More
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Lakeshore Acquisition II Corp. (LBBB) to Combine with Nature’s Miracle in $265M Deal
Lakeshore II (NASDAQ:LBBB) has entered into a definitive agreement to combine with indoor farming firm Nature’s Miracle at an enterprise value of $265 million, or 4.4x its 2022E revenue. Upland, California-based provides equipment and services for controlled environment agriculture (CEA), including greenhouse or vertical farm construction, grow lights and optimization. The combined company is expectedRead More
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SPAC IPO Terms Tracker: Business as Usual in SPACland
Terms Tracker for the Week Ending September 9th, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The shortened week following Labor Day Weekend was relatively uneventful, but not entirely. There was not a single new S-1 registration statement, however, we didRead More
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Kensington Capital IV (KCAC) Secures Additional PIPE
Kensington Capital Acquisition Corp. IV (NYSE:KCAC) announced that it has tacked on an additional PIPE for its business combination with Amprius Technologies, Inc, just days after securing $13.375 million through a number of investors.
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Golden Path Acquisition Corp. (GPCO) Shareholders Approve MC Hologram Deal
Golden Path (NASDAQ:GPCO) announced this afternoon that its shareholders have approved its combination with holographic technology services firm MC Hologram at a special meeting held yesterday.
At the meeting, a total of 6,059,142 shares of GPCO, representing approximately 81.24% of the issued and outstanding shares of the company’s common stock, were present, constituting a quorum.
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First Light Acquisition Group, Inc. (FLAG) Adjourns Extension Vote
First Light (NYSE:FLAG) has adjourned its special meeting held today to September 13, at 10:00 a.m. EST, without finalizing its shareholder vote.
Today’s special meeting was being held to consider the proposal of amending and extending FLAG’s transaction deadline by which it must complete its initial business combination.
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Abri SPAC I, Inc (ASPA) to Combine with DLQ in $114M Deal
Abri SPAC I (NASDAQ:ASPA) has entered into a definitive agreement to combine with adtech firm DLQ, valuing it at $114 million. DLQ is a wholly-owned subsidiary of New York-based digital marketing firm Logiq (OTCQX:LGIQ) focused on digital ad placements and ecommerce optimization. The combined company is expected to change its name to DataLogiq and remainRead More
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The Latest SPAC News and Rumors: September 9, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: First Africa cannabis SPAC to go ahead with Cilo Cybin listing, United places ‘conditional’ order for electric air taxis from Eve, and Cazoo pulls plug on European operations
First Africa Cannabis SPAC to Go Ahead With Cilo Cybin Listing
Africa is about to get its first listing of a medical cannabis-focused SPAC when Cilo Cybin Holdings Ltd.
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