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Lakeshore I (LAAA) Secures $30M for ProSomnus Deal

Aug 26, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) has signed definitive agreements for $30 million in convertible notes for its combination with medical device company ProSomnus.

The recent commitment of debt financing comes from institutional investors led by funds affiliated with or managed by Cohanzick Management, LLC and CrossingBridge Advisors, LLC, but the closing of the notes are conditioned upon the closing of the business combination prior to December 10, 2022.

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The Latest SPAC News and Rumors: August 26, 2022

Aug 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: GE sells generator technology to Hyliion, Trump’s Truth Social faces financial fallout, and Royalty Management partners with Land Betterment

GE Sells Generator Technology for Stake in EV Startup

General Electric Co.

Fat Projects Acquisition Corp. (FATP) to Combine with Avanseus Holdings in $137M Deal

Aug 26, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Fat Projects (NASDAQ:FATP) has entered into a definitive agreement to combine with enterprise software provider Avanseus at an enterprise value of $137.7 million. Singapore-based Avanseus provides AI-enabled software to enable higher performance and error detection to telecoms and manufacturing clients. The combined company is expected to trade on the Nasdaq under a symbol yet to
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REE Automotive (REE) Calls All Outstanding Warrants

Aug 26, 2022 INTEL, SPACs in the News by Nicholas Alan Clayton

REE Automotive (NASDAQ:REE) has commenced an exchange offer to convert all outstanding warrants for 0.20 class A ordinary shares.

At REE’s last closing price of $1.34, this equates to $0.268 in value per warrant, although the company’s shares have since dipped in the pre-market on the news.

Podcast: Stuart Landesberg, Founder & CEO of Grove Collaborative (GROV)

Aug 26, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

We spoke with Stuart Landesberg, Founder and CEO of Grove Collaborative (NYSE:GROV). Grove produces a line of sustainable and plastic-free home and personal care goods and it closed a $1.5 billion combination with Virgin Group Acquisition Corp.

TOP-3

Top 3 SPAC Targets – B2B SaaS Players

Aug 26, 2022 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among B2B SaaS players that are hitting their inflection points. We look at why they are compelling and why each could be a fit for a blank-check merger.

latest liquidations

Isleworth Healthcare Acquisition Corp. (ISLE) to Liquidate Trust

Aug 25, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Isleworth (NASDAQ:ISLE) announced this afternoon that it will not complete a business combination by its initial deadline of September 1, and will instead redeem all shares.

The SPAC will cease all operations on August 29, and shareholders are expected to receive shortly thereafter $10.01 per share.

Riverview Acquisition Corp. (RVAC) Shareholders Approve Westrock Coffee Deal

Aug 25, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Riverview Acquisition Corp. (NASDAQ:RVAC) announced this afternoon that its shareholders approved its combination with coffee and tea supplier Westrock Coffee at a special meeting earlier today.

At the special meeting, a total of 24,469,389 shares, or 78.3% of RVAC’s issued and outstanding shares of common stock were present.

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The Latest SPAC News and Rumors: August 25, 2022

Aug 25, 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: Ligand announces that Janssen has received approval from European Commission for antibody, Cano Health buys Doctor’s Medical Center, and Babylon ditches UK for US

Ligand Announces that Janssen has Received Approval from European Commission for TECVAYLI for the Treatment of Patients with Relapsed or Refractory Multiple Myeloma

Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced that the Janssen Biotech, Inc.

GSR II Meteora (GSRM) to Combine with Bitcoin Depot in $755M Deal

Aug 25, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

GSR II Meteora (NASDAQ:GSRM) has entered into a definitive agreement to combine with Bitcoin Depot at an enterprise value of $755 million, or 26x its 2021 EBITDA. Atlanta-based Bitcoin Depot manages a network of ATMs and retail payment points allowing consumers to make cash deposits and withdrawals from bitcoin wallets. The combined company is expected
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LMF Acquisition Opportunities, Inc. (LMAO) Adds $100M Purchase Agreement & $7M PIPE

Aug 24, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

LMF (NASDAQ:LMAO) announced this afternoon that it has entered into a common stock purchase agreement, a registration rights agreement, and has secured a PIPE in connection to its combination with clinical biotech firm SeaStar Medical.

Blue Owl Capital (OWL) Announces Results of Redemption of Warrants

Aug 24, 2022 INTEL, SPACs in the News by Marlena Haddad

Blue Owl (NYSE:OWL), which completed its combination with Altimar Acquisition Corp. in May 2021, announced the results of the redemption of its outstanding redeemable warrants.

Pursuant to the amended Warrant Agreement, Blue Owl redeemed its warrants for a redemption price of $0.10 per Public Warrant at 5:00 p.m.

Riverview Acquisition Corp. (RVAC) Discloses Redemptions in Westrock Coffee Vote

Aug 24, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Riverview Acquisition Corp. (NASDAQ:RVAC) announced in an 8-K filing this afternoon that about 73.5% of its shares were redeemed ahead of its vote to complete its combination with coffee and tea supplier Westrock Coffee.

latest-news

The Latest SPAC News and Rumors: August 24, 2022

Aug 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: Singapore sees more US-listed Chinese firms coming to its shores, Packable begins liquidating and announces job cuts, and Gel Blaster to use Nogin’s SmartShip program

Singapore Sees More US-Listed Chinese Firms Coming to Its Shores

Singapore Exchange Ltd.

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The Latest SPAC News and Rumors: August 23, 2022

Aug 23, 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: NUBURU awarded contract from US Air Force, Truth Social joins Rumble’s ad platform, and DWAC warns decline in Trump’s popularity could hurt social media company

NUBURU Awarded SBIR Phase II Contract by U.S.

Genesis Growth Tech (GGAA) to Combine with Biolog-id in $312M Deal

Aug 23, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Genesis Growth (NASDAQ:GGAA) has signed a memorandum of understanding (MoU) to merge with French medical software firm Biolog-id at an equity value of $312 million. Although this is something short of a definitive agreement, Genesis Growth will be moved to the “Announced” column for SPACInsider’s purposes as both Boards have already approved the MoU for
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Endurance Acquisition Corp. (EDNC) Lowers Satixfy Valuation in Re-Strike

Aug 23, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Endurance Acquisition Corp. (NASDAQ:EDNC) announced in an 8-K filing this morning that it has made a pair of amendments to its combination with satellite hardware-maker Satixfy, lowering its valuation and introducing sponsor concessions.

Software Acquisition Group III (SWAG) Shareholders Approve Nogin Deal

Aug 23, 2022 De-SPAC Votes and Redemptions, INTEL by Nicholas Alan Clayton

Software Acquisition Group III (NASDAQ:SWAG) announced that its shareholders approved its combination with software firm Nogin at a special meeting yesterday.

The SPAC tipped in an 8-K yesterday that about 82.7% of its shares were redeemed in connection with its vote.

latest liquidations

E.Merge Technology Acquisition Corp. (ETAC) to Liquidate Trust

Aug 22, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

E.Merge Technology Acquisition Corp. (NASDAQ: ETAC) announced this afternoon that it intends to dissolve and liquidate its trust due to its inability to complete a business combination.

The SPAC anticipates that the public shares will cease trading as of the close of business on September 4, 2022, and will redeem all of its outstanding shares from its IPO for approximately $10.06 per share.

Software Acquisition Group III (SWAG) Divulges Redemptions in Nogin Vote

Aug 22, 2022 De-SPAC Votes and Redemptions, INTEL by Nicholas Alan Clayton

Software Acquisition Group III (NASDAQ:SWAG) announced in an 8-K filing this morning that about 82.7% of its shares were redeemed in connection with its vote to complete its combination with software firm Nogin earlier today.

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