Author: Marlena Haddad

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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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New SPAC: FPA Energy Acquisition Corp. Files for $100M IPO

Following a quiet week without any new registration statements, FPA Energy Acquisition Corp. (NASDAQ:FPAQ) filed its S-1 this morning for a $100 million IPO, marking the second SPAC to file for an IPO in May. The new company is setting out to identify empty or under-performing office properties that are located in major metropolitan areas and can be
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The Latest SPAC News and Rumors: May 15, 2023


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

Latest SPAC News:  Vingroup surges as EV unit merges with Black Spade and ThinkMarkets to go public through SPAC deal in Canada


Vingroup Surges as EV Unit Seeks US Listing Via SPAC Deal

Shares of Vingroup JSC jumped after announcing its electric vehicle maker unit will list in the US by merging with a blank-check company at an equity value of about $23 billion.

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The Latest SPAC News and Rumors: May 12, 2023


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

Latest SPAC News:  The Board of the International Organization of Securities Commissions publishes a report to help its members enhance SPAC regulations 


IOSCO publishes a report to help its members enhance SPAC regulations

The Board of the International Organization of Securities Commissions (IOSCO), has published a final report on Special Purpose Acquisition Companies (SPACs), which aims to help its members review or improve their approach to these companies.

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The Latest Non-Redemption Agreements: May 11, 2023

Latest Non-Redemption Agreements: Chain Bridge I


Chain Bridge I (CBRG) Adds Non-Redemption Agreement

On May 10, 2023, Chain Bridge I (NASDAQ:CBRG), Chain Bridge Group, the sponsor of the Company, and CB Co-Investment LLC entered into non-redemption agreements with one or more unaffiliated third party or parties in exchange for each such third party or third parties agreeing not to redeem 400,000 ordinary shares.

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