On May 2, 2023, certain investors of 10X II entered into non-redemption agreements with 10X II (NASDAQ:VCXA) and 10X Capital SPAC Sponsor II LLC.
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Finnovate Acquisition Corp. (NASDAQ:FNVT) announced this afternoon that it has entered into an investment agreement with its sponsor and an investor, Sunorange Limited, to sell a portion of its founder shares.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Bridgetown Holdings Ltd.
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Green Visor Financial Technology Acquisition Corp. I (NASDAQ:GVCI) today announced that it will redeem all of its outstanding Class A ordinary shares, on or about May 12.
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Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced in an 8-K that its shareholders approved its combination with Chinese carmaker Chijet at a special meeting held earlier today.
The meeting was originally scheduled to be held on April 20, but Jupiter Wellness adjourned it to today.
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Golden Star Acquisition Corporation priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GODNU” Tuesday, May 2, 2023.
The SPAC intends to acquire one or more growth businesses that are strategically significant to the Asian markets with a total enterprise value of between $300 million and $400 million.
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Parabellum Acquisition Corp. (OTC:PRBM) announced today that the business combination with EnOcean GmbH, EnOcean Holdings B.V.,
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On April 27, 2023, PowerUp Sponsor LLC, the sponsor of PowerUp Acquisition Corp.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SRIVARU, a commercial-stage provider of premium electric motorcycles, today announced the launch of SRIVARU’s Prana 2.0 intelligent battery system.
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Parabellum Acquisition Corp. (OTC:PRBM) announced this morning that its business combination with internet of things (IoT) device-maker EnOcean has been terminated and it will now liquidate its trust.
On April 28, EnOcean delivered a termination letter to the SPAC announcing that it was exercising its right to terminate the deal, but did not provide further information about the breakup.
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LAVA Medtech Acquisition Corp. (NASDAQ: LVAC) announced today that the board of directors of the Company (the “Board”) has elected to abandon and not implement the extension that was approved by stockholders on April 25, 2023.
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Project Energy Reimagined Acquisition Corp. (Nasdaq: PEGR) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with an unnamed target.
The SPAC kept details on the potential merger to a minimum, but with today’s signed LOI in hand, it can now auto-extend an additional 3 months to August 2, without a contribution to trust.
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CIIG Capital Partners II (NASDAQ:CIIG) announced this afternoon that it has completed its business combination with EV motorcycle company Zapp.
The SPAC’s shareholders already approved of the deal at a meeting held on April 14, but did not provide further information on the closing of the transaction at that time.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
LAMF Global Ventures Corp. I (Nasdaq: LGVC) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with a leading FDA-cleared innovator in pregnancy care, Nuvo Group Ltd.
Under the LOI, LAMF contemplates Nuvo at a pre-money equity valuation of $269 million, excluding a seller earnout of approximately $31 million.
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On April 26, 2023 and April 27, 2023, AltEnergy Acquisition Corp. (NASDAQ:AEAE) and AltEnergy Acquisition Sponsor, LLC, the sponsor of the Company, entered into non-redemption agreements with certain unaffiliated third parties in exchange for the holder or holders agreeing either not to request redemption in connection with the extension or to reverse any previously submitted redemption demand in connection with the extension with respect to an aggregate of 1,250,000 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.
Electriq Power (Electriq), a provider of intelligent energy storage and management for homes and small businesses, has today announced the signing of an agreement with SLO Climate Coalition (SLOCC) to deliver affordable, sustainable, and resilient energy to San Luis Obispo County residents through fully financed residential solar-plus-storage microgrids.
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On April 25, 2023, Juniper II (NYSE:JUN.U) entered into additional Non-Redemption Agreements with 4 unaffiliated third parties. The additional holders agreed to either not request redemption in connection with the extension or to reverse any previously submitted redemption demand with respect to an aggregate of 1,600,000 shares of Class A Common Stock.
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Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) today announced that because the company does not believe it will be able to consummate an initial business combination, it intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $11.22 based on the amount in trust as of April 24, 2023.
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