The Latest SPAC News and Rumors: May 11, 2022

May 11, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: French media group Banijay to go public via Arnault-backed SPAC, Gensler says SPAC retreat shows concern about risk, and Gogoro to launch in Israel

French TV Producer Banijay to Go Public Via Arnault-Backed SPAC

French media group Banijay will go public through a merger with a blank-check acquisition firm backed by billionaire Bernard Arnault in a deal worth more than 4 billion euros ($4.21 billion), an executive at its parent company said on Tuesday.

Chicken Soup for the Soul (CSSE) Acquires Redbox (RDBX) in All-Stock Deal

May 11, 2022 INTEL by Nicholas Alan Clayton

Redbox (NASDAQ:RDBX) has agreed to be acquired by Chicken Soup for the Soul Entertainment (NASDSAQ:CSSE) in an all-stock deal just over six months after Redbox closed a SPAC deal with Seaport Global.

Monterey Capital Acquisition Corp. (MCACU) Prices Downsized $80M IPO

May 10, 2022 IPOs by Marlena Haddad

Monterey Capital Acquisition Corp. priced its downsized $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MCACU” Wednesday, May 11, 2022.

The new SPAC intends to combine with prospective targets focused on the clean transition economy with enterprise values of approximately $250 million to $1 billion.

Lionheart II (LCAP) Declares New Warrants as Form of Dividend

May 10, 2022 INTEL by Marlena Haddad

Lionheart II (NASDAQ:LCAP) as part of their business combination with MSP Recovery, announced this afternoon that it had declared their dividend in the form of 1,029,000,000 new warrants at $11.50 per share to non-redeeming shareholders.

The Latest SPAC News and Rumors: May 10, 2022

May 10, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Goldman Sachs and BofA scale back on SPACs, and American Express Global Business Travel announces first quarter earnings date

Goldman Sachs and Other Big Banks Hit SPAC Pause Button as Market Shifts and New Regulations Loom

Goldman Sachs Group Inc.

Lakeshore I (LAAA) to Combine with ProSomnus in $168M Deal

May 10, 2022 INTEL by Marlena Haddad

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) has entered into a definitive agreement to combine with medical device company ProSomnus at an enterprise value of $168 million, or approximately 4.3x projected FY 2023 revenue of $38 – 40 million, at the midpoint. Pleasanton, California-based ProSomnus customizes oral appliance therapy devices to treat obstructive sleep apnea. Precision oral appliance therapy is
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Tiga (TINV) to Combine with Grindr in $2.1B Deal

May 10, 2022 INTEL by Marlena Haddad

Tiga Acquisition Corp. (NYSE:TINV) has entered into a definitive agreement to combine with LGBTQ+ social network Grindr at an enterprise value of $2.1 billion. Los Angeles-based Grindr is the top social network for the LGBTQ+ community, providing users with unrivaled access, resources, and opportunities to connect. The combined company is expected to be completed in
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Artisan Acquisition Corp. (ARTA) Shareholders Approve Prenetics Deal

May 10, 2022 INTEL by Marlena Haddad

Artisan (NASDAQ:ARTA) announced this afternoon that its shareholders have voted to approve its combination with genomic and diagnostic testing company Prenetics Group Limited in a special meeting held yesterday.

Although today’s 8-K filing did not disclose redemption numbers, ARTA traded above its trust value throughout its redemption deadline May 5, and saw a high of $10.10 yesterday.

Global Blockchain Acquisition Corp. (GBBKU) Prices $150M IPO

May 10, 2022 IPOs by Marlena Haddad

Global Blockchain Acquisition Corp. priced its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GBBKU” Tuesday, May 10, 2022.

The new SPAC intends to combine with prospective targets that are focused on blockchain infrastructure, blockchain applications, and related technologies with an equity valuation ranging from $300 million to $3 billion.

Investcorp India Acquisition Corp. (IVCAU) Prices $225M IPO

May 9, 2022 IPOs by Marlena Haddad

Investcorp India Acquisition Corp. priced its $225 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IVCAU” Tuesday, May 10, 2022.

The new SPAC intends to combine with a high-quality business with operations in any of the healthcare, software, consumer services, IT services, business-to-business or fintech sectors in primarily India, with an enterprise value in excess of $1 billion.

Biotech Acquisition Company (BIOT) Secures $75M for Blade Therapeutics Deal

May 9, 2022 INTEL by Marlena Haddad

Biotech Acquisition Company (NASDAQ:BIOT) has entered into a Common Stock Purchase Agreement with CF Principal Investments LLC, an affiliate of Cantor Fitzgerald, for $75 million in relation to its combination with drug developer Blade Therapeutics.

Duddell Street (DSAC) Secures $250M for FiscalNote Deal

May 9, 2022 INTEL by Marlena Haddad

Duddell Street Acquisition Corp. (NASDAQ:DSAC) has secured up to $250 million in senior debt financing as well as a bonus pool for non-redeeming shareholders for its combination with legal and regulatory data provider FiscalNote.

New SPAC: Arago Acquisition Corp. Files for $75M IPO

May 9, 2022 INTEL, New S-1 Filings by Marlena Haddad

Arago Acquisition Corp. (NASDAQ:ARAG) filed its S-1 last Friday, representing the first and only SPAC to file in May thus far, despite already being nine days into the month. With an offering size of $75M, Arago intends to focus its efforts on identifying high growth target businesses that are headquartered in Latin America and are
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The Latest SPAC News and Rumors: May 9, 2022

May 9, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Europe launches first SPAC focused on biotech, CFA Institute calls for tougher SPAC disclosures, and UAE launches first SPAC

Europe Launches First SPAC Focused on Production of Complex Drugs

Europe’s first blank check company focused on acquiring companies that make medicines for the biotech and pharmaceutical industry launched on Monday, with plans to raise 150 million euros.

SPAC IPO Terms Tracker: A Slow Start to May

May 7, 2022 INTEL by sam.beattie

Terms Tracker for the Week Ending May 6th, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week, we saw just one new S-1 registration statement and two IPOs, both being one less than what we saw last week. Once again,
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Zanite Acquisition Corp. (ZNTE) Shareholders Approve Eve Deal

May 6, 2022 INTEL by Marlena Haddad

Zanite (NASDAQ:ZNTE) announced this afternoon that its shareholders have voted to approve its combination with urban air mobility firm Eve in a special meeting held today.

A total of 21,087,868 shares were redeemed in connection with today’s special meeting, removing 91.686% of Zanite’s trust.

Dune (DUNE) Preparing to Extend Transaction Deadline in New Shift

May 6, 2022 INTEL by Nicholas Alan Clayton

Dune (NASDAQ:DUNE) filed an initial proxy to extend its transaction deadline in the latest change of direction in its zig-zagging process concerning its pending combination with equities trading platform TradeZero.

The move caps off a strange month for Dune, in which it launched a lawsuit against TradeZero while its Board still recommended shareholders vote in favor of the merger, then changing this recommendation to “against” earlier this week, and now focusing on an extension vote before a completion vote.

The Latest SPAC News and Rumors: May 6, 2022

May 6, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Transfix reports record first quarter results, Blockchain Coinvestors launches $200M fund, and Offerpad announces earnings

Transfix Reports Record First Quarter 2022 Results

Transfix, Inc.,

Podcast: Mondee CEO Prasad Gundumogula & ITHAX CEO Orestes Fintiklis

May 6, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week we speak with Prasad Gundumogula, CEO of Mondee, and ITHAX CEO, Orestes Fintiklis.

Mondee entered into an $842 million combination agreement with ITHAX Acquisition Corporation in December 2021. It sells excess inventory in the travel and hospitality industries to closed groups within its network, while also managing a meaningful swath of travel-related marketing space.

Top 3 SPAC Targets – Sustainable Consumer Materials

May 6, 2022 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies making sustainable consumer products or materials. We look at why they are compelling and why each could be a fit for a blank-check merger.