Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB) announced that it adjourned today’s extension vote, without conducting any business, and will reconvene at 9:30 a.m. ET on April 18.
In connection with the adjournment of the meeting, ACAB is also extending the redemption deadline to April 14.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The biggest blank-check company in Europe, backed by LVMH founder Bernard Arnault and former UniCredit chief Jean Pierre Mustier, is set to be wound up after failing to find a target in the financial services sector.
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Digital Health (NASDAQ:DHAC) announced in an 8-K this morning that it has amended its previously announced backstop agreement in connection to its business combination with telehealth software firm VSee and digital healthcare provider iDoc.
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On April 11, Tio Tech A (NASDAQ:TIOA) announced that it will be unable to complete an initial business combination and intends to redeem all of the outstanding Class A ordinary shares on or about April 24.
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Fintech Ecosystem Development Corp. (NASDAQ:FEXD) announced that it will adjourn tomorrow’s extension vote and will reconvene the meeting at 10:00 am ET on April 20 in order to change the terms of the extension proposal.
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Blue Safari (NASDAQ:BSGA) announced in an 8-K this afternoon that its shareholders approved its combination with crypto mining group Bitdeer at a special meeting held earlier today.
Holders of 2,974,230 ordinary shares of BSGA were present, representing approximately 84.8% of the total ordinary shares of BSGA, at today’s meeting.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Aeries Technology, a global professional services and consulting partner for business leadership teams, private equity sponsors, and their portfolio companies, today announced the launch of its cyber security managed services offering, giving companies access to world-class cyber security services and Information Security Management Systems (ISMS) designed to meet and exceed the standards of an enterprise-level Chief Information Security Officer at a lower cost of hiring in-house experts.
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Cascadia Acquisition Corp (NASDAQ:CCAI) announced this morning that it has terminated its deal with wearable technology-maker RealWear.
With limited details on the termination, it remains unclear if the breakup was mutual and if Cascadia will continue its search for an alternative target.
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Panacea Acquisition Corp. II (NASDAQ:PANA) announced that it will liquidate and redeem its shares as promptly as possible, but no later than April 21.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Companies that went public through mergers with SPACs in recent years booked billions of dollars in goodwill write-downs in 2022, reflecting in part a reckoning of the heady premiums paid to secure deals during the SPAC boom.
In connection with the extension meeting of Banyan Acquisition Corporation (NYSE:BYN), the company and its sponsor have entered into a non-redemption agreement with an unaffiliated third party, pursuant to which such third party has agreed not to redeem an aggregate of 559,600 shares of Class A common stock.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Higher interest rates are sowing chaos across businesses and whole sectors of the market, according to “SPAC king” Chamath Palihapitiya.
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In connection with the special meeting of the stockholders of Atlantic Coastal Acquisition Corp.
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dMY Technology Group, Inc. VI (NYSE: DMYS) announced today that the independent and disinterested Directors made a reasonable determination, that it would not be in the best interests of those involved to proceed with the combination with Rain Enhancement Technologies.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Donald Trump’s social media company and Truth Social app public, fell 8% as the former president was formally arraigned on charges related to alleged hush-money payments made during the 2016 presidential campaign.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Virgin Orbit Holdings Inc.
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On March 31, 2023, Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) entered into non-redemption agreements with certain unaffiliated third parties holding an aggregate of 4,935,000 Class A ordinary shares.
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