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The Latest SPAC News and Rumors: September 8, 2023


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

Latest SPAC News: US judge says Okada Manila does not have to close merger, and Lotus unveils electric sedan


US judge won’t order Philippine casino merger to close

The Philippines’ largest casino, owned by an affiliate of Japan’s Universal Entertainment Corp does not have to complete a SPAC merger deal with 26 Capital Acquisition Corp.

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The Latest Non-Redemption Agreements: September 7, 2023

Latest Non-Redemption Agreements: FTAC Emerald


FTAC Emerald Acquisition Corp. (EMLD) Adds Non-Redemption Agreement

On September 7, FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) entered into one or more agreements with one or more unaffiliated third parties in exchange for them each agreeing not to redeem an aggregate of 1,000,000 shares of Class A common stock.

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Murphy Canyon Acquisition Corp. (MURF) Further Postpones Completion Vote

Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its special meeting, scheduled for September 13, has been postponed to September 20 at 10:00 a.m., marking the SPAC’s second postponement.

As a result of this change, Murphy Canyon has also extended the redemption deadline for holders of its common stock to 5:00 p.m.

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The Latest SPAC News and Rumors: September 7, 2023


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

Latest SPAC News: Falcon’s Beyond and K11 plan to launch new entertainment franchises across China, WeWork to initiate renegotiations for almost all leases, and One Energy announces commercial operations of first Megawatt Hub


Global Entertainment Enterprise Falcon’s Beyond and Hong Kong-Based Cultural Commerce Giant K11 Group Plan to Launch New Entertainment Franchises and Attractions Across China

Falcon’s Beyond, a diversified global entertainment, consumer experience, and technology enterprise that accelerates intellectual property (IP) activations concurrently across physical and digital experiences, has announced its debut project as part of its joint venture with Raging Power Limited, an arm of K11 Group, the Hong Kong-based cultural commerce giant.

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The Latest SPAC News and Rumors: September 5, 2023


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

Latest SPAC News: Rumble stock rises after CEO says he won’t sell shares when lock-up period ends, One Energy announces commercial operation of digital substation, and Singapore Exchange becomes first major bourse in Asia to allow SPAC listings


Rumble stock rises after CEO Chris Pavlovski says he won’t sell any shares when the lock-up period ends

Shares of Rumble Inc.

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The Latest SPAC News and Rumors: August 31, 2023


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

Latest SPAC News: Polestar posts $304M loss amid delays, Starry emerges from bankruptcy with new growth goals, and Oklo selected to provide clean power to Air Force Base


Polestar Posts $304 Million Loss Amid Delays, Competition

Polestar Automotive Holding (NASDAQ:PSNY) posted another operating loss in the second quarter as the electric-vehicle maker struggled with software delays and intensifying competition.

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HNR Acquisition Corp. (HNRA) Re-Strikes Pogo Resources Deal

HNR Acquisition Corp. (NYSE:HNRA) announced this afternoon that it has reworked its combination with oil developer Pogo Resources to purchase all of the equity interests of the target.

The SPAC amended the membership interest purchase agreement to revise the purchase price to an aggregate amount of $63 million in cash plus two million shares of a new class of Class B Common Stock, which have no economic rights, and two million units in the company’s newly-formed subsidiary, HNRA Upstream, LLC, which are exchangeable for two million shares of newly created Class A Common Stock.

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