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Author: Marlena Haddad

latest-news

The Latest SPAC News and Rumors: June 22, 2023

Jun 22, 2023 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:  London’s New Energy One mulls Eni North Sea merger, Freightos partners with Wideroe, and SpaceMobile confirms 4G capabilities to smartphones from space 

London-listed SPAC New Energy One in talks about Eni North Sea merger

A London-listed vehicle advised by Amber Rudd, the former home secretary, is in talks to merge with a portfolio of carbon capture and storage (CCS) projects part-owned by Eni, the Italian energy giant.

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new-spac

New SPAC: Nabors Energy Transition Corp. II Files $300M IPO

Jun 22, 2023 Headline Post, INTEL, New S-1 Filings by Marlena Haddad
Nabors Energy Transition Corp. II (NASDAQ:NETD) filed its S-1 yesterday afternoon for a $300 million IPO, becoming the second SPAC to file in June. The new company has set its sights on target businesses that are dedicated to driving the energy transition. In particular, it intends to seek businesses that facilitate, enhance, or complement the
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FTAC Emerald Acquisition Corp. (EMLD) Signs LOI

Jun 21, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

FTAC Emerald Acquisition Corp. (NASDAQ: EMLD) announced that on March 16, it signed a non-binding letter of intent (LOI) to combine with an unnamed target.

With a completion deadline of June 20, FTAC Emerald was set to expire, but now that it has announced a signed LOI in hand, the company will receive an automatic extension of three months, giving it a new deadline of September 20.

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The Latest SPAC News and Rumors: June 21, 2023

Jun 21, 2023 Headline Post, 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:  SEC charges Marcum LLP for quality control deficiencies, flyExclusive launches enhanced Jet Club and fractional program and Owlet announces clearance from FDA

SEC Charges Audit Firm Marcum LLP for Widespread Quality Control Deficiencies

The Securities and Exchange Commission today charged audit firm Marcum LLP with systemic quality control failures and violations of audit standards in connection with audit work for hundreds of SPAC clients beginning at the latest in 2020.

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The Latest Non-Redemption Agreements: June 20, 2023

Jun 20, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Cartica Acquisition Corp.

Cartica Acquisition Corp. (CITE) Adds Non-Redemption Agreement

On June 16,  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 700,000 Class A ordinary shares.

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ROC Energy Acquisition Corp. (ROC) Completes Drilling Tools International Deal

Jun 20, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

ROC Energy Acquisition Corp. (NASDAQ:ROC) announced this afternoon that it has completed its business combination with oilfield services company Drilling Tools International (“DTI”).

The transaction generated $25.9 million of cash from a common stock PIPE and $1.7 million of cash from ROC’s trust account, considering redemptions.

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The Latest Non-Redemption Agreements: June 16, 2023

Jun 16, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: 7GC & Co. Holdings Inc.

7GC & Co. Holdings Inc. (VII) Adds Non-Redemption Agreement

On June 16, 2023, 7GC & Co. Holdings Inc. (NASDAQ:VII) and the Company’s sponsor 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 247,000 shares of Class A common stock.

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latest-news

The Latest SPAC News and Rumors: June 16, 2023

Jun 16, 2023 Headline Post, 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:  VinFast posts deeper loss in Q1, LanzaJet and LanzaTech selected by Air New Zealand to undertake sustainability study, and Abacus Life continues to expand market share

VinFast posts deeper loss in Q1, eyes July completion of SPAC merger

Vietnamese electric vehicle (EV) maker VinFast has reported a drop in first-quarter revenue by 49%, with a net loss deepening to $598 million in the first full reporting period since it started exporting to the United States.

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AP Acquisition Corp. (APCA) to Combine with JEPLAN in $480M Deal

Jun 16, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad
AP Acquisition Corp. (NASDAQ:APCA) has entered into a definitive agreement to combine with recycling company JEPLAN at an equity value of $480 million. Tokyo, Japan-based JEPLAN utilizes its commercialized proprietary chemical recycling technology to produce recycled resin from waste for the manufacturing of plastic-based products. The combined company is expected to trade on the NYSE under
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latest liquidations

The Latest Liquidations: June 15, 2023

Jun 15, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Plum Acquisition I

Plum Acquisition I (PLMI) Terminates Deal, Intends to Liquidate 

On June 14, Plum (NASDAQ:PLMI) received a termination notice from its target Sakuu. In light of the termination of the Business Combination Agreement, Plum’s Board of Directors determined that it will not extend the deadline for Plum to consummate a business combination beyond June 18.

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7GC & Co. Holdings Inc. (VII) Postpones Extension Vote

Jun 15, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

7GC & Co. Holdings Inc. (NASDAQ: VII) announced this afternoon that its special meeting, which was originally scheduled for June 20, will be postponed to 12:00 p.m. ET on June 26.

The company is currently facing a completion deadline of June 28 as it works to close a deal, but intends to extend this until December 28, or such earlier date as determined by the board of directors.

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Tristar Acquisition I Corp. (TRIS) Terminates LOI

Jun 14, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Tristar Acquisition I Corp. (NYSE:TRIS) announced in an 8-K this afternoon that it has terminated its non-binding letter of intent (LOI) with its unnamed target.

The LOI was announced just a few months ago in March, but by having this signed agreement in hand, it allowed the SPAC to automatically extend its transaction deadline by three months from April 18 to July 18.

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