Waldencast Acquisition Corp. (NASDAQ:WALD) announced this afternoon that it has tacked on an additional $5 million PIPE for its combination with beauty brands OBAGI and Milk.
The PIPE investors will be subject to the same terms as the Initial PIPE Investors and have collectively subscribed for 500,000 shares of Waldencast Common Stock for an aggregate purchase price equal to $5 million.
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ITHAX Acquisition Corp. (NASDAQ:ITHX) announced that at a special meeting today its shareholders have approved its combination with technology-first travel marketplace company Mondee.
Approximately 75.13% of total outstanding shares voted at today’s meeting and the approval was supported by 69.63% of the shares.
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B. Riley Principal 150 Merger Corp. (NASDAQ:BRPM) announced that at a special meeting today its shareholders have approved its combination with sports media platform FaZe Clan, which is expected to close Tuesday, July 19.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in agriculture and related technologies. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Crown PropTech (NYSE:CPTK) announced this afternoon that a PIPE investor, which was contributing $68 million, will terminate its funding in connection to its proposed merger with smart building solutions provider Brivo.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
British electric vehicle company Arrival SA said on Tuesday it planned to reorganise its business, which could result in up to 30% reduction in its workforce.
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Global SPAC Partners (NASDAQ:GLSPT) announced that its shareholders approved its combination with cybersecurity firm Gorilla Technology.
In connection with the vote, however, about 88.4% of Global SPAC shares were tendered for redemption.
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Kingswood Acquisition Corp. (NYSE:KWAC) Class A common shares, units, and warrants were delisted from the New York Stock Exchange (“NYSE”) after market close this afternoon.
The regulatory team from the NYSE announced that it has immediately suspended the SPAC and has determined to begin the delisting process due to Section 802.01B of the NYSE’s Listed Company Manual.
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Viveon Health (NYSE:VHAQ) announced this afternoon that it has amended the outside closing date and reduced its minimum cash closing condition in connection to its proposed merger with aesthetic medical treatment company Suneva.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Deep Medicine (NASDAQ:DMAQ) has entered into a definitive agreement to combine with Chinese carmaker Chijet at an enterprise value of $2.55 billion.
Chijit currently sells a line of gasoline-fueled SUVs and trucks in China and Southeast Asia and is working to build a production facility for a new line of EVs.
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This week, we will be speaking with Voltus CEO Gregg Dixon. Voltus entered into a $822 million combination agreement with Broadscale Acquisition Corp. (Nasdaq: SCLE), in December of 2021.
Voltus runs software that allows customers to manage their distributed energy resources in a way that both monetizes the energy they have stored and reduces the strain on the wider grid.
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Global Synergy Acquisition Corp. (NASDAQ:GSAQ) announced this afternoon that it will be redeeming all outstanding shares and liquidating its trust.
Following the close of business on July 26, public shares will be cancelled and will represent only the right to receive the redemption amount of $10.01.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Canoo Inc.
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FAST II (NYSE:FZT) has entered into a definitive agreement to combine with entertainment company Falcon’s Beyond at an enterprise value of $1 billion, or 6.7x its 2024E EBITDA.
Orlando, Florida-based Falcon’s Beyond is an experiential entertainment developer focused on themed resorts and attractions using both proprietary and partnered intellectual property (IP).
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Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ) announced this morning that it has added $15 million to its business with energy storage firm Dragonfly Energy.
The new money comes in the form of a Stock Purchase Agreement with THOR Industries, Inc.
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Ace Global (NASDAQ:ACBA) announced this morning that it has mutually terminated its combination agreement with digital cooking content platform DDC, effective immediately.
Similar to most SPACs that have recently terminated their deals this year, Ace Global has also cited unfavorable market conditions.
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Social Capital Suvretta Holdings Corp. III (NASDAQ:DNAC) announced this morning that its shareholders approved its combination with drug developer ProKidney at a special meeting held yesterday afternoon.
An 8-K that was also filed this morning disclosed that 22,829,769 of DNAC ordinary shares were presented for redemption, representing 91.319% of DNAC’s trust.
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Pershing Square Tontine Holdings (NYSE:PSTH) announced this afternoon that it will be liquidating its trust and redeeming all outstanding shares of common stock effective as of July 26, 2022.
The SPAC was unable to complete a business combination within its timeline of 24 months from the closing of its record $4 billion IPO on July 24, 2020.
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