Artemis Strategic Investment Corp. (NASDAQ:ARTE) announced this morning that it has made several changes to its business combination agreement in connection to its proposed merger with global gaming company Logflex MT Holding Limited, doing business as Novibet.
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American Express Global Business Travel Group (NYSE:GBTG) announced this morning that it has launched an exchange offer for all outstanding warrants.
Holders of the company’s 27,226,933 public warrants and 12,224,134 private placement warrants stand to receive 0.275 shares per warrant in the exchange.
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Digital World (NASDAQ:DWAC) has once again adjourned its special meeting held this afternoon without finalizing its shareholder vote to amend its extension timeline to complete its combination with Trump Media (TMTG).
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EF Hutton Acquisition Corp. I priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EFHTU” Friday, September 9, 2022.
The new SPAC intends to identify targets within the consumer and retail industry that have an enterprise value in the range of $400 million to $1 billion.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Aesther Healthcare (NASDAQ:AEHA) announced this morning that it has inked a common stock purchase agreement with White Lion Capital that will provide up to $75 million to its combination target Ocean Biomedical.
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This week, we speak with real estate investment marketplace Appreciate, which announced a $416 million deal with PropTech Investment Corp II (Nasdaq: PTIC) in May.
CEO Chris Laurence and President Kevin Ortner explain how they built a unique end-to-end platform for real estate investors looking to buy properties to rent out far afield from their local market, be they institutions or moms and pops.
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Kensington Capital Acquisition Corp. IV (NYSE:KCAC) announced that it has entered into a $13.375 million PIPE for its business combination with Amprius Technologies, Inc.
Kensington entered into separate subscription agreements with multiple investors which agreed to purchase an aggregate of 1,337,500 units at $10.00 per unit for a total purchase price of $13.375 million.
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Cohn Robbins (NYSE:CRHC) announced this afternoon that its shareholders have approved its combination with Swiss lottery operator Allwyn at a special meeting held earlier today.
Approximately 66.7% of the total outstanding shares of CRHC participated in the vote and the business combination received support from over 99.2% of the shares voted at today’s meeting.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The US Securities and Exchange Commission sued an investment firm on Tuesday for failing to properly disclose conflicts of interest tied to SPACs– the latest example of Wall Street’s main regulator clamping down on the once white-hot market.
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Digital World (NASDAQ:DWAC) has adjourned its special meeting held this afternoon without finalizing its shareholder vote to extend its timeline to complete its combination with Trump Media (TMTG).
The SPAC, which currently has a deadline of September 8, is asking stockholders to consider amending the company’s amended and restated certificate of incorporation to extend the period of time for completing a business combination up to four times, each by an additional three months, for an aggregate of 12 additional months or such earlier date as determined by the Board of Directors.
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CleanTech (NASDAQ:CLAQ) disclosed this afternoon that its shareholders approved its combination with subsea robot company Nauticus at a special meeting held earlier today.
But, the 8-K filing also disclosed that stockholders holding 361,986 shares of common stock exercised their right to redeem for a portion of the funds in CLAQ’s trust account.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Investors dumped shares of Digital World Acquisition Corp.
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Lux Health Tech Acquisition Corp. (NASDAQ:LUXA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a leading life sciences company.
The SPAC kept the details pertaining to the unnamed target to a minimum, but disclosed that the company has an experienced executive and scientific leadership team that has built an extensive technology platform with multiple programs in development.
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Gores VIII (NASDAQ:GIIX) announced this morning that it has amended its deal with sustainable materials-maker Footprint, bringing in new capital and lowering the target’s valuation.
The parties agreed to lower Footprint’s enterprise value by 37.5% to $1 billion from $1.6 billion while adding a standby equity facility worth up to $300 million and a $280 million facility designated for equipment purchases through 2023.
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Mudrick II (NASDAQ:MUDS) announced this afternoon that it intends to dissolve and liquidate its trust after being unable to complete a business combination.
The SPAC had a transaction deadline of September 10, but will now redeem all of its outstanding shares of Class A common stock issued as part of the units sold in its IPO, effective as of the close of business on September 12, 2022.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Polestar (NASDAQ:PSNY) Automotive Holding’s operating loss widened in the first half as the electric-vehicle maker struggles with rising costs for auto parts and expanding abroad.
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