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New SPAC: Bukit Jalil Global Acquisition 1 Files for $50M IPO

Bukit Jalil Global Acquisition 1  (NASDAQ:BUJA) filed its S-1 yesterday afternoon for a $50 million IPO, representing the first SPAC to file in June. Without any limitation to a particular industry or geographic location, the new company is taking a broad approach to finding a target business to combine with. It does, however, intend to identify
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The Latest SPAC News and Rumors: June 13, 2023


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

Latest SPAC News:  VAM SPAC to take Supermoney public, SPAC listings gain momentum in Korea, and Starton Therapeutics receives authorization from FDA


Former Bulgari chief’s SPAC agrees deal for comparison site Supermoney

Supermoney and Dutch special purpose acquisition company VAM SPAC have signed a binding accord aimed at taking the online price comparison provider public, the companies said on Monday.

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LF Capital Acquisition Corp. II (LFAC) Postpones Extension Vote

LF Capital Acquisition Corp. II (NASDAQ: LFAC) announced this morning that it is postponing its extension meeting from 11 a.m. on June 13 until 5 p.m. on June 26.

In connection with the postponement, LF II also revised its proxy statement which would allow the company to extend its completion date from August 19 to November 19 by increasing the number of one-month extensions from six to nine extensions by depositing the lesser of $200,000 or $0.03 per share of Class A common stock per extension.

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Swiftmerge Acquisition Corp. (IVCP) Adjourns Extension Vote

Swiftmerge Acquisition Corp. (NASDAQ: IVCP) announced this afternoon that it has adjourned today’s meeting until Thursday, June 15, at 3:00 p.m.

The SPAC’s Chairman determined to postpone the meeting in order to allow for additional voting on the extension proposal which would extend Swiftmerge’s timeline from June 17, 2023 to March 15, 2024.

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The Latest SPAC News and Rumors: June 12, 2023


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

Latest SPAC News: VW, Glencore back $1B SPAC mine deal, Lordstown Motors to sue Foxconn, and Circle to move forward with IPO


VW, Glencore Back $1 Billion SPAC Mine Deal to Secure EV Metals

Russian metal industry veteran Artem Volynets’ blank check firm agreed to acquire two Brazilian mines for $1 billion including debt in a bid to tap demand from electric-vehicle makers.

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