Good Works II (NASDAQ:GWII) announced this afternoon that it is mutually terminating its combination with drug developer Direct Biologics, just months after the deal announcement.
The SPAC did not elaborate further on the termination but noted that the agreement contained customary mutual releases and covenants not to sue.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
In a case filed simply to determine whether a plaintiff was entitled to attorneys’ fees and expenses for conferring a benefit on a corporation, the Delaware Court of Chancery held that the planned stockholder vote by the corporation would have been insufficient under Delaware law to authorize amendments to the corporation’s certificate of incorporation in connection with a de-SPAC merger transaction.
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Ibere Pharmaceuticals (NYSE:IBER) today announced that it will redeem all of its outstanding ordinary shares that were included in the units issued in its initial public offering, effective as of the close of business on March 2, 2023.
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LF Capital Acquisition Corp. II (NASDAQ:LFAC) announced this afternoon that it has signed a non-binding letter of intent (LOI) with a target.
Although LF Capital II did not disclose the target’s name, it did mention that the company is a profitable U.S.-based
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Cascadia Acquisition Corp. (Nasdaq: CCAI) announced this afternoon that it is postponing its special meeting to extend its completion deadline from February 15 to February 22.
As a result of the postponement, the redemption deadline has also been extended from February 13 to February 17.
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ABG Acquisition Corp. I (Nasdaq: ABGI) today announced that as of the close of business on February 21, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive from the trust the per-share redemption price for the shares to be announced at a later date.
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CENAQ Energy Corp. (NASDAQ:CNAQ) announced in an 8-K this afternoon that it has entered into a PIPE agreement with a number of new investors, adding $24 million to its combination with gasoline supplier Bluescape Clean Fuels.
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Forum Merger IV Corporation (Nasdaq: FMIV) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with a target in the online gaming industry.
Today’s press release stated that the unnamed target provides customers with an expansive portfolio of digital gaming products, bringing in $300 million in revenue for 2022.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Well-heeled NYC commuters looking to dodge traffic and reach their destination in style may soon have another option: taking to the sky in an electric air taxi.
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Mars Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MARXU” Tuesday, February 14, 2023.
The new SPAC intends to focus on opportunities in automobiles, healthcare, financial technology, cyber security, cleantech, software, Internet and AI, specialty manufacturing and any other related technology innovations market.
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Medicus Sciences Acquisition Corp. (Nasdaq: MSAC) announced today its board has elected to dissolve and liquidate the company and will redeem all of the outstanding Class A ordinary shares at a per-share redemption price of approximately $10.18.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The investment firm of John Doerr, the billionaire chairman of Kleiner Perkins, will put $10 million into Complete Solaria, the solar company that’s merging with the blank-check vehicle started by Tidjane Thiam, a former CEO at Credit Suisse Group AG.
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Lidar-maker Ouster (NYSE: OUST) and autonomous vehicle technology company Velodyne Lidar (NASDAQ: VLDR) announced this morning that the two de-SPACs have successfully completed their merger.
The lidar duo initially announced their all-share merger transaction just a few months ago in November, taking a step up to further consolidation in the autonomous vehicle technology sector.
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Carney Technology Acquisition Corp. II (NASDAQ:CTAQ) announced today that it will be unable to complete a business combination and intends to dissolve and liquidate. Due
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FinServ Acquisition Corp. II (NASDAQ:FSRX) announced in an 8-K this afternoon that it has signed a non-redemption agreement with one or more unaffiliated third parties.
As part of the agreement, the parties have agreed to not redeem an aggregate of 400,000 shares of FSRX in connection with the SPAC’s upcoming meeting on February 20 to consider an extension.
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Aesther Healthcare Acquisition Corp. (NASDAQ:AEHA) announced this afternoon that it has entered into an amended $60 million OTC equity prepaid forward transaction with Vellar Opportunity Fund.
The backstop agreement comes a week after Aesther shareholders approved its combination with biotech firm Ocean Biomedical at a special meeting held on February 3, but the parties have not yet closed the deal. As
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Adara Acquisition Corp. (NYSE American: ADRA) announced this afternoon that it has closed its combination with physical media distributor Alliance.
Adara shareholders approved the combination on January 18, but submitted redemption requests to redeem approximately 99.043% of the SPAC’s trust, or 11.39 million shares of Class A common stock, out of the 11.5 million outstanding shares.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Southland Holdings, LLC announced today that a subsidiary in its Transportation segment, Johnson Bros.,
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