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The Latest SPAC News and Rumors: May 24, 2023


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

Latest SPAC News: Carbon Revolution secures $60M loan, Virgin Orbit sells assets to Rocket Lab, and Freightos freezes hiring plan


Carbon Revolution Secures $60 Million Loan

Carbon Revolution Limited, a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced the establishment of a $60 million debt financing arranged and insured by PIUS Limited LLC, a Gallagher company, and its affiliates.

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The Latest Non-Redemption Agreements: May 23, 2023

Latest Non-Redemption Agreements:  Capitalworks Emerging Markets


Capitalworks Emerging Markets Acquisition Corp. (CMCA) Adds Non-Redemption Agreement

On May 22, Capitalworks Emerging Markets Acquisition Corp (NASDAQ:CMCA) and its sponsor, CEMAC Sponsor LP, entered into an additional non-redemption agreement with certain 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 399,737 Class A ordinary shares.

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The Latest Non-Redemption Agreements: May 22, 2023

Latest Non-Redemption Agreements:  GSR II Meteora


GSR II Meteora Acquisition Corp. (GSRM) Adds Non-Redemption Agreement

On May 22, GSR II Meteora Acquisition Corp. (NASDAQ:GSRM) entered into additional voting and non-redemption agreements with unaffiliated third parties in exchange for such Non-Redeeming Stockholders agreeing to either not redeem or to reverse any previously submitted redemption request with respect to an aggregate of 1,200,000 shares of the Company’s Class A common stock.

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The Latest SPAC News and Rumors: May 22, 2023


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

Latest SPAC News: Backers of Super Group deal hit with lawsuit and Freightos partners with Electrolux Group 


Super Group’s Blank-Check Backers Hit With SPAC Deal Challenge

An investor sued architects of the blank-check merger between online gambling company Super Group (NYSE:SGHC) Ltd.

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The Latest Non-Redemption Agreements: May 19, 2023

Latest Non-Redemption Agreements:  Capitalworks Emerging Markets, and GSR II Meteora


Capitalworks Emerging Markets (CMCA) Adds Non-Redemption Agreement

On May 18, 2023, Capitalworks Emerging Markets Acquisition Corp. (NASDAQ:CMCA) and the Company’s sponsor, CEMAC Sponsor LP, entered into additional non-redemption agreements with certain unaffiliated third parties in exchange for the Holder or Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to certain Class A ordinary shares.

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New SPAC: Bowen Acquisition Corp. Files for $60M IPO

Bowen Acquisition Corp. (NASDAQ:BOWN) filed its S-1 this afternoon for a $60 million IPO and has set out to focus its search on businesses throughout Asia, marking the third SPAC to file for an IPO in May. However, similar to most SPACs focusing on targets in Asia, Bowen will not acquire a business with China
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The Latest SPAC News and Rumors: May 19, 2023


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

Latest SPAC News: WeWork CEO to step down to join private equity firm and AppHarvest discloses that it could run out of money by October


WeWork CEO Sandeep Mathrani to Step Down to Join Private Equity Firm Sycamore Partners as Director

WeWork (NYSE:WE) CEO Sandeep Mathrani is stepping down effective May 26, the co-working space firm announced this week.

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The Latest Non-Redemption Agreements: May 16, 2023

Latest Non-Redemption Agreements: Bleuacacia and Capitalworks Emerging Markets


Bleuacacia (BLEU) Adds Non-Redemption Agreement

On May 2, 2023, bleuacacia ltd (NASDAQ:BLEU) and the Sponsor entered into a non-redemption agreement with an unaffiliated third party, pursuant to which such third party agreed not to redeem an aggregate of 53,600 Class A ordinary shares.
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