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Author: Marlena Haddad

latest-news

The Latest SPAC News and Rumors: March 2, 2023

Mar 2, 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: Delaware court finds broad D&O coverage for directors and officers in SPAC claim, UpHealth SPAC lawsuit advances against GigCapital’s Avi Katz, and SoFi named World’s Most Innovative Company 

Delaware Court Finds Broad D&O Coverage for Directors and Officers in SPAC Claim

A Delaware court recently issued a significant opinion in a directors and officers liability claim involving a special purpose acquisition company.

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latest liquidations

Sagaliam Acquisition Corp. (SAGA) Terminates Arabian Entertainment Deal

Mar 1, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends to terminate their proposed merger, just a few months after their deal announcement.

On February 23, 2023, the company notified Sagaliam that since the SPAC did not receive subscription agreement commitments before December 15, 2022, it has chosen to terminate the merger.

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latest-news

The Latest SPAC News and Rumors: March 1, 2023

Mar 1, 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: Westrock Coffee announces acquisition of Bixby Roasting, Fisker shares soar on production, and Digital World to appeal Nasdaq delisting

Westrock Coffee Announces Strategic Acquisition of Bixby Roasting

Westrock Coffee Company (Nasdaq: WEST), a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider to the retail, foodservice and restaurant, convenience store and travel center, non-commercial, CPG, and hospitality industries, announced today the Company has acquired Bixby Roasting Co.,

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Teaser
latest liquidations

The Latest Liquidations: February 28, 2023

Feb 28, 2023 Headline Post, INTEL by Marlena Haddad

Latest SPAC Liquidations: TB SA Acquisition Corp., and Independence Holdings Corp.

TB SA Acquisition Corp. (TBSA) to Liquidate on March 13

TB SA Acquisition Corp. (Nasdaq: TBSA) today announced that as of the close of business on March 13, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive their pro-rata share in the Company’s trust.

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European Biotech Acquisition Corp. (EBAC) Shareholders Approve Oculis Deal

Feb 28, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

European Biotech (NASDAQ:EBAC) announced its shareholders have approved its combination with biopharmaceutical firm Oculis at a special meeting held earlier today.

EBAC’s public shareholders holding 11,505,684 Class A ordinary shares, representing 90.21% of the trust, validly elected to redeem their public shares in connection to today’s meeting.

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agreements

Altimar Acquisition Corp. III (ATAQ) Adds Non-Redemption Agreements

Feb 28, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Altimar Acquisition Corp. III (NYSE:ATAQ) announced this afternoon that it has entered into non-redemption agreements with several unaffiliated third parties.

Under the agreement, the parties will not redeem an aggregate of 95,760 Class A ordinary shares at ATAQ’s upcoming meeting to extend its completion deadline from March 8 to September 8.

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latest-news

Oxbridge Acquisition Corp. (OXAC) to Combine with Jet Token Inc. in $45M Deal

Feb 28, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
Oxbridge Acquisition Corp. (NASDAQ: OXAC) has entered into a definitive agreement to combine with private aviation booking and membership platform Jet Token at an enterprise value of $45 million. Las Vegas-based Jet Token offers fractional aircraft ownership, jet card, aircraft brokerage and charter service through its fleet of private aircraft and those of its Argus
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IPO-Pricing

SilverBox Corp. III (SBXC) Prices Upsized $120M IPO

Feb 27, 2023 Headline Post, IPOs by Marlena Haddad

SilverBox Corp. III priced its upsized $120 million IPO and its units are expected to begin trading on the NYSE under the symbol “SBXC.U” Tuesday, February 28, 2023.

The new SPAC intends to acquire one or more businesses with an aggregate enterprise value in excess of $750 million in an industry where it believes the expertise of its management team and its advisory group will provide it with a competitive advantage in completing a successful initial business combination.

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Aurora Technology Acquisition Corp. (ATAK) to Combine with DIH in $321.9M Deal

Feb 27, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
Aurora Technology Acquisition Corp. (NASDAQ: ATAK) has entered into a definitive agreement to combine with global robotics and virtual reality (“VR”) technology provider DIH Holding US at an enterprise value of $321.9 million. Beijing, China-based DIH develops robotics for rehabilitation and virtual reality for human performance. The combined company is expected to trade on the
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Northern Star III (NSTC) and Northern Star IV (NSTD) Adjourn Extension Votes

Feb 27, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Northern Star Investment Corp. III  (NYSE:NSTC) and Northern Star Investment Corp. IV (NYSE:NSTD) announced this morning that both companies have adjourned their extension votes.

Both SPACs intended to hold their meetings on February 24, but have adjourned them until March 1 to further engage with stockholders and solicit additional votes and redemption reversals.

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