Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) announced in an 8-K this afternoon that it has entered into a forward purchase agreement (FPA) with Meteora Special Opportunity Fund I, Meteora Capital Partners, Meteora Select Trading Opportunities Master, and Meteora Strategic Capital for an OTC equity prepaid forward transaction.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
On August 3, HH&L Investment Co., the sponsor of HH&L Acquisition Co. (NYSE:HHLA), and the company, entered into an agreement with unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 500,000 shares of Class A ordinary shares at the general meeting.
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Hainan Manaslu Acquisition Corp. (NASDAQ:HMAC) announced in an 8-K this afternoon that its shareholders approved its combination with brand management company Able View at a special meeting held on August 2.
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Flame (NYSE:FLME) disclosed in an 8-K this afternoon that it has secured additional funding for its PIPE in connection to its merger with energy company Sable Offshore, bringing the total commitments to $74.5 million from $71.5 million.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed.
Oxbridge Acquisition Corp. (NASDAQ: OXAC) announced this afternoon that its special meeting, originally scheduled for August 4, has been postponed to 4:00 p.m. ET on August 7.
As a result of this change, the SPAC has extended the redemption deadline to 5:00 p.m.
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On August 1, Quantum FinTech Acquisition Corporation (NYSE:QFTA) and its sponsored entered into a non-redemption agreement with Funicular Funds, LP in exchange for the holder agreeing either not to request redemption in connection with the extension with respect to an aggregate of 2,351,800 shares of common stock.
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Latest SPAC Liquidations: AfterNext HealthTech
On August 2, AfterNext HealthTech Acquisition Corp. (NYSE:AFTR) announced that it intends to cease all operations except for the purpose of winding up, effective as of the close of business on August 16, and will redeem all of the outstanding Class A ordinary shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds and not previously released to the company to pay its taxes, divided by the number of the shares in issue.
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Pivotal Investment Corp. III (OTC: PICC) announced this afternoon that it has postponed its extension vote.
The meeting, originally scheduled for today, has been adjourned to August 11 at 11:00 a.m.
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MedTech Acquisition Corporation (Nasdaq: MTAC) announced this afternoon that it convened and then adjourned its completion vote for its business combination with drug developer TriSalus Life Sciences.
The special meeting, initially planned for today, has been rescheduled to 11:00 a.m.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A Spanish electric vehicle maker specializing in racing cars is to list in Amsterdam through a merger with SPEAR Investments I (AMS:SPR1), testing investor appetite into a market that has all but collapsed.
Compute Health (NYSE:CPUH) announced this afternoon that it has completed its combination with weight-loss medtech firm Allurion.
The deal, approved by stockholders on July 28, provides Allurion with access to capital that will fuel its growth initiatives.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Verde Clean Fuels (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).
Athena Consumer Acquisition Corp. (NYSE: ACAQ) announced this afternoon that it has postponed its completion vote for its business combination with EV-maker e.GO.
The special meeting, initially planned for August 14, is currently awaiting a new date to be determined.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Israeli digital brokerage eToro has agreed to a $120 million secondary share sale, a source familiar with the matter told Reuters on Monday, more than a year after it scrapped its plans to go public through a merger with FinTech Acquisition Corp.
Alset Capital Acquisition Corp. (NASDAQ:ACAX) announced in an 8-K this morning that it has added a forward purchase agreement (FPA) to its combination with lifestyle company HWH International ahead of tomorrow’s completion vote.
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As previously reported, on May 3 and 4, Roth CH Acquisition V Co., (NASDAQ:ROCL), entered into non-redemption agreements with certain stockholders owning, in the aggregate, 2,000,000 shares of common stock, pursuant to which such stockholders agreed not to redeem or exercise any right to redeem such public shares in connection with the vote to extend the company’s completion deadline.
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Conyers Park III Acquisition Corp. (Nasdaq: CPAA) today announced that it will redeem all of its outstanding shares of Class A common stock, effective as of August 11.
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Compute Health (NYSE:CPUH) announced this afternoon that its shareholders approved its combination with weight-loss medtech firm Allurion at a special meeting held earlier today.
Approximately 99.8% of the votes cast on the business combination proposals by holders of Compute Health’s common stock, representing approximately 87.7% of the company’s outstanding common stock, voted to approve the deal, including approximately 58.2% of the outstanding shares of Class A common stock.
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