Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Faraday Future (NASDAQ: FFIE) has managed to raise $90 million from existing investors to help it get its much-delayed FF 91 luxury electric SUV to production and delivery.
Bukit Jalil Global Acquisition 1 Ltd. priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BUJAU” Wednesday, June 28, 2023.
The company intends to identify emerging growth companies with strong management teams that can either grow into a position to generate cash or are already cash-generative.
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EdtechX Holdings Acquisition Corp. II (NASDAQ:EDTX) announced this afternoon that it has terminated its business combination with edtech firm zSpace.
The SPAC disclosed that the deal was nixed due to certain breaches by zSpace of the terms of the merger agreement and intends to evaluate all options available to it at this time, including taking legal action against its former target.
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Coliseum Acquisition Corp. (NASDAQ:MITA) announced this afternoon that it has entered and completed a purchase agreement with its sponsor, and Berto LLC, an affiliate of Harry L. You.
As part of the agreement, the sponsor sold an aggregate of 2,625,000 Class B ordinary shares, and 2,257,500 private placement warrants to Berto for an aggregate purchase price of $1.00 plus an agreement to advance funds to the Coliseum in connection with the shareholder vote to approve the extension.
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On June 26, 2023, Cartica Acquisition Corp (NASDAQ:CITE) entered into certain non-redemption agreements with unaffiliated institutional investors in exchange for the Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 3,150,000 Class A ordinary shares.
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Williams Rowland Acquisition Corp. (NYSE:WRAC) announced this afternoon that it has entered into a securities purchase agreement with its sponsor, Jonathan Rowland and David B. Williams.
As part of the agreement, Williams Rowland sold its securities, consisting of 2,514,663 founder shares, and 5,550,000 warrants, to purchase shares of common stock for $300,000.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Metals Acquisition Limited (NYSE: MTAL) announces that the first shipment of copper concentrate from the CSA Copper Mine has been shipped from the port of Newcastle, New South Wales.
On June 22, 2023, June 23, 2023, and June 26, 2023, GSR II Meteora Acquisition Corp. (NASDAQ:GSRM) entered into additional non-redemption agreements with certain third parties.
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Elliott Opportunity II Corp. (NYSE:EOCW) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of July 11.
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Kairous Acquisition Corp. Limited (NASDAQ:KACL) announced this afternoon that its business combination with nutrition company Wellous has been mutually terminated.
Since the termination was by mutual agreement, there won’t be a termination fee or other payment due to either party.
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Priveterra Acquisition Corp. (NASDAQ:PMGM) announced this afternoon that its special meeting, intended to approve its combination with AEON Biopharma, has been adjourned for the sixth time.
Initially scheduled for noon today, the meeting has now been pushed back to the same time on June 28.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Whole Earth Brands Inc.’s
On June 22, 7GC & Co. Holdings Inc. (NASDAQ:VII) and the sponsor, 7GC & Co. Holdings LLC, entered into a non-redemption agreement with an unaffiliated third party in exchange for the Holder agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 250,000 shares of Class A common stock.
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Corsair Partnering Corporation (NYSE:CORS) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of July 11.
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Babylon (NYSE:BBLN) provided an update this morning on its recapitalization transaction, announcing that it has accepted a take-private proposal from AlbaCore on behalf of its affiliate, digital neurotherapeutic platform MindMaze.
The parties expect the transaction to close by July, but as the two companies work to come together within the next few weeks, they will both continue executing their day-to-day operations. Over
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Blue Owl Capital Inc.
Tastemaker Acquisition Corp. (NASDAQ:TMKR) announced this afternoon that it has terminated its combination with jewelry distributor Quality Gold.
The parties noted that they decided to nix the deal due to market conditions that would be challenging to navigate.
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Forum Merger IV Corporation (Nasdaq: FMIV) today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock, effective as of June 22.
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Minority Equality Opportunities (NASDAQ:MEOA) announced this afternoon that it has terminated its combination with cloud services firm Digerati (OTCQB:DTGI).
The 8-K gave few further details, but the SPAC had postponed its completion vote five times as it worked on a means of keeping more shares active in the company and allowing it to maintain listing standards.
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