Author: Marlena Haddad

BYTE Acquisition Corp. (BYTS) to Combine with Airship AI in $303M Deal

BYTE Acquisition Corp. (NASDAQ: BYTS) has entered into a definitive agreement to combine with video, sensor and data management platform Airship AI at an enterprise value of $303 million. Redmond, Washington-based Airship AI develops and provides AI-driven video and sensor management software and services to a wide range of government, law enforcement, and commercial customers. The
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The Latest Non-Redemption Agreements: June 23, 2023

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


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

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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Babylon (BBLN) Announces Take-Private Transaction with MindMaze

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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Minority Equality Opportunities (MEOA) Terminates Digerati Deal

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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The Latest SPAC News and Rumors: June 22, 2023


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

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

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


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

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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