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Author: Marlena Haddad

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The Latest SPAC News and Rumors: March 27, 2023

Mar 27, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News:  Faze Clan considers going private, Richard Branson sits out Virgin Orbit’s flameout, and Tempo Automation to acquire Optimum Design Associates

Faze Clan considers going private amid financial concerns

Esports giant Faze Clan (NASDAQ:FAZE) is considering a restructure that would see it go private as it continues to struggle financially, according to Sports Business Journal (SBJ).

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The Latest Non-Redemption Agreements: March 24, 2023

Mar 24, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: ExcelFin Acquisition Corp.

ExcelFin Acquisition Corp. (XFIN) Adds Non-Redemption Agreement

In connection with the special meeting of stockholders of ExcelFin Acquisition Corp. (NASDAQ:XFIN) to extend its completion deadline from April 25, 2023 to October 25, 2023, the company and its sponsor, ExcelFin SPAC LLC, entered into a non-redemption agreement with an unaffiliated third party.

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The Latest SPAC News and Rumors: March 23, 2023

Mar 23, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News:  SMX successfully marks steel at manufacturing facility in Europe, and Rainwater Tech partners with Discovery Land to generate rainfall across developer’s properties

SMX Leads the Transition from Linear to Circular Production through the Success in Marking Steel for Automotive, Train and Railway Industries, and Infrastructure Applications 

SMX PLC (NASDAQ: SMX), a company focused on digitizing physical objects on the blockchain to enable a circular and closed loop economy, today announced that alongside a global steel and mining leader, it has successfully marked steel at a manufacturing facility in Europe, for brand identification, ethical sourcing and for recycle and reuse (green steel) purposes for electric vehicles and renewable energy infrastructure.

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The Latest SPAC News and Rumors: March 21, 2023

Mar 21, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News:  eToro secures $250M at $3.5B valuation after scrapping SPAC, DWAC stock gains amid speculation Trump may be arrested, and Morgan Creek SPAC ETF to shut down

eToro secures $250M at a $3.5B valuation after scrapping SPAC, seeing slower growth

After calling off its plans to go public via a SPAC at a $10.4 billion valuation in 2022, trading platform eToro has secured $250 million in funding at a $3.5 billion valuation.

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Aimfinity Investment Corp. I (AIMA) Undergoes Leadership Change

Mar 20, 2023 Headline Post, INTEL by Marlena Haddad

Aimfinity Investment Corp. I (NASDAQ:AIMA) announced this afternoon that its sponsor entered into a repurchase agreement with previous directors and officers of the company and will undergo a change in management.

On March 16, Aimfinity’s sponsor initiated a distribution of 300,000 founder shares and 492,000 private placement units to its existing members and entered into a repurchase agreement with Xin Wang, Joshua Gordon, James J.

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New SPAC: AI Transportation Acquisition Corp. Files for $50M IPO

Mar 20, 2023 INTEL, New S-1 Filings by Marlena Haddad
AI Transportation Acquisition Corp. (NASDAQ:AITR) filed its S-1 last Wednesday afternoon for a $50 million IPO, marking the first SPAC to file for an IPO in March. While the new company may pursue a target in any industry, it intends to focus its search in the transportation field, including but not limited to logistics, new energy
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The Latest SPAC News and Rumors: March 20, 2023

Mar 20, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News:  Virgin Orbit plans for insolvency amid rescue talks with investors, WeWork reaches deal to cut debt, and Pear Therapeutics explores “strategic alternatives”

Virgin Orbit plans for insolvency amid rescue talks with investors

Sky News has learned that the commercial space satellite venture founded by Sir Richard Branson’s Virgin Group is working with Alvarez & Marsal (A&M) and Ducera, two restructuring firms, on fallback plans in the event that it cannot secure new funding.

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Tech and Energy Transition Corp. (TETC) Shareholders Vote Against Extension, Forced to Liquidate

Mar 17, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Tech and Energy Transition Corp. (NASDAQ: TETC) announced this afternoon that its shareholders have voted against a proposal to extend the SPAC’s timeline to complete a business combination.

Holders of 38,069,946 shares of TETC’s common stock, comprised of 28,495,396 shares of Class A common stock, and 9,575,000 shares of Class B common stock, were present at yesterday’s special meeting, representing approximately 79.11% of the voting power of issued and outstanding shares.

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The Latest SPAC News and Rumors: March 17, 2023

Mar 17, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News:  Saudi Arabia explores setting up framework for SPAC listings, and Boxed considers filing for bankruptcy 

Saudi Arabia Explores Setting Up Framework for SPAC Listings

Saudi Arabia’s market regulator is looking into setting up a legal framework to allow special-purpose acquisition companies to list in the kingdom.

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IPO-Pricing

Four Leaf Acquisition Corporation (FORL) Prices Downsized $52M IPO

Mar 16, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

Four Leaf Acquisition Corp. priced its downsized $52 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FORL” Friday, March 17, 2023.

The SPAC intends to pursue an acquisition of a company focused on the Internet of Things (“IoT”) and adjacent technologies that target the IoT market such as devices, components, software, and communication protocols. Four

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