Clean Earth Acquisitions Corp. (NASDAQ:CLIN) announced in an 8-K this afternoon that it has lowered the valuation for its climate technology target Alternus (OSE:ALT) and reduced the earnout shares for the deal.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Donald Trump values his nascent media company at less than $30 million, a stark discount to the more than $1 billion valuation implied by investors who piled into the blank check that’s hoping to bring the firm public.
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Trine II Acquisition Corp. (NYSE: TRAQ), a publicly-traded special purpose acquisition company, today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of May 2, 2023.
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Progress Acquisition Corp. (NASDAQ:PGRW) announced that it adjourned today’s special meeting and will reconvene on April 26.
Earlier today, Progress held a special meeting where stockholders approved a proposal to adjourn the meeting to a later date to permit further solicitation of proxies for an extension proposal.
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Banyan Acquisition Corporation (NYSE: BYN.U) announced this afternoon that it intends to adjourn its extension vote, originally scheduled to be held on April 18, and will reconvene at 10:00 a.m. ET on April 21.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
CXApp Inc.
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Goldenbridge Acquisition Limited (NASDAQ:GBRG) announced in an 8-K that its shareholders approved its combination with digitalized auto services provider Auto Services Group through its indirect majority-owned subsidiary Sun Car Online Insurance Agency at a special meeting held earlier today.
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CIIG Capital Partners II (NASDAQ:CIIG) announced in an 8-K this afternoon that its shareholders approved its combination with EV motorcycle company Zapp at a special meeting held earlier today.
Present at the meeting were holders of 27,835,536 shares of common stock, representing approximately 77% of the voting power of the common stock.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Newsight Imaging Ltd.
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On April 12, 2023, Banyan Acquisition Corporation (NYSE:BYN) entered into non-redemption agreements with unaffiliated third parties, pursuant to which such third parties have agreed not to redeem an aggregate of 2,240,400 shares of Class A common stock of the company.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check firm that is set to merge with former U.S.
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Brilliant Acquisition Corp. (NASDAQ:BRLI) announced this morning that its chairman intends to adjourn its extension vote, originally scheduled to be held on April 17, and will reconvene at 10:00 a.m. ET on April 20.
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On April 11, 2023, Banyan Acquisition Corporation (NYSE:BYN) entered into non-redemption agreements with unaffiliated third parties, pursuant to which such third parties have agreed not to redeem an aggregate of 1,200,000 shares of Class A common stock of the company in connection with the extension proposals.
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Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB) announced that it adjourned today’s extension vote, without conducting any business, and will reconvene at 9:30 a.m. ET on April 18.
In connection with the adjournment of the meeting, ACAB is also extending the redemption deadline to April 14.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The biggest blank-check company in Europe, backed by LVMH founder Bernard Arnault and former UniCredit chief Jean Pierre Mustier, is set to be wound up after failing to find a target in the financial services sector.
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Digital Health (NASDAQ:DHAC) announced in an 8-K this morning that it has amended its previously announced backstop agreement in connection to its business combination with telehealth software firm VSee and digital healthcare provider iDoc.
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On April 11, Tio Tech A (NASDAQ:TIOA) announced that it will be unable to complete an initial business combination and intends to redeem all of the outstanding Class A ordinary shares on or about April 24.
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Fintech Ecosystem Development Corp. (NASDAQ:FEXD) announced that it will adjourn tomorrow’s extension vote and will reconvene the meeting at 10:00 am ET on April 20 in order to change the terms of the extension proposal.
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Blue Safari (NASDAQ:BSGA) announced in an 8-K this afternoon that its shareholders approved its combination with crypto mining group Bitdeer at a special meeting held earlier today.
Holders of 2,974,230 ordinary shares of BSGA were present, representing approximately 84.8% of the total ordinary shares of BSGA, at today’s meeting.
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