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Author: Marlena Haddad

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The Latest SPAC News and Rumors: April 11, 2023

Apr 11, 2023 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: Aeries Technology launches cyber security managed services offering

Aeries Technology Launches Cyber Security Managed Services Offering

Aeries Technology, a global professional services and consulting partner for business leadership teams, private equity sponsors, and their portfolio companies, today announced the launch of its cyber security managed services offering, giving companies access to world-class cyber security services and Information Security Management Systems (ISMS) designed to meet and exceed the standards of an enterprise-level Chief Information Security Officer at a lower cost of hiring in-house experts.

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Rosecliff Acquisition Corp. I (RCLF) to Combine with Spectral MD in $170M Deal

Apr 11, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
Rosecliff Acquisition Corp. I (NASDAQ:RCLF) has entered into a definitive agreement to combine with AI medical diagnostics company Spectral MD (AIM: SMD) at an enterprise value of $170 million. Dallas, Texas-based Spectral MD develops technology using predictive analytics and AI algorithms to help clinicians make more accurate and faster treatment decisions. The combined company is expected to
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The Latest SPAC News and Rumors: April 10, 2023

Apr 10, 2023 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: De-SPACs log billions of dollars in goodwill write-downs

Companies That Went Public via SPACs Log Billions of Dollars in Goodwill Write-Downs

Companies that went public through mergers with SPACs in recent years booked billions of dollars in goodwill write-downs in 2022, reflecting in part a reckoning of the heady premiums paid to secure deals during the SPAC boom.

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The Latest Non-Redemption Agreements: April 6, 2023

Apr 6, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Banyan, ShoulderUp Technology, and ExcelFin

Banyan Acquisition Corp. (BYN) Adds Non-Redemption Agreement

In connection with the extension meeting of Banyan Acquisition Corporation (NYSE:BYN), the company and its sponsor have entered into a non-redemption agreement with an unaffiliated third party, pursuant to which such third party has agreed not to redeem an aggregate of 559,600 shares of Class A common stock.

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The Latest SPAC News and Rumors: April 6, 2023

Apr 6, 2023 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: Chamath Palihapitiya says higher rates have created ‘wave of destruction’ and DigiAsia Bios looks to expand abroad post SPAC merger

SPAC king Chamath Palihapitiya says higher rates have created ‘wave of destruction’ across whole sectors

Higher interest rates are sowing chaos across businesses and whole sectors of the market, according to “SPAC king” Chamath Palihapitiya.

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New SPAC: Inflection Point Acquisition Corp. II Files for $200M IPO

Apr 5, 2023 Headline Post, INTEL, New S-1 Filings by Marlena Haddad
Inflection Point Acquisition Corp. II (NASDAQ:IPXXU) filed its S-1 this morning for a $200 million IPO, marking the first SPAC to file for an IPO in April and the second largest of the year following Ares II’s $400 million filing last week. The new company will seek fundamentally strong businesses in a broad range of disruptive
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The Latest SPAC News and Rumors: April 5, 2023

Apr 5, 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: DWAC drops 8% amid Trump’s arraignment, and Avanseus announces version 6.0 of Augmented Operations platform

Trump SPAC Digital World drops amid former president’s arraignment, delayed 10-K filing

Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Donald Trump’s social media company and Truth Social app public, fell 8% as the former president was formally arraigned on charges related to alleged hush-money payments made during the 2016 presidential campaign.

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Hudson Acquisition I Corp. (HUDA) Announces LOI

Mar 31, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Hudson Acquisition I Corp. (NASDAQ:HUDA) announced that it has signed a non-binding letter of intent (LOI) to combine with a pre-clinical-stage biotechnology company.

The SPAC did not provide many details on the unnamed target, but disclosed that the biotech company is focused on developing intranasal preventives for major disease-causing respiratory viruses.

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The Latest SPAC News and Rumors: March 31, 2023

Mar 31, 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:  Shares of Digital World jump after Trump’s indictment, and pair of Delaware Chancery court decisions deny motions to dismiss SPAC shareholder’s fiduciary breach claims

Trump-Tied SPAC’s Shares Jump After Historic New York Charge

The criminal case against Donald Trump is providing a lift to the blank-check firm taking his media company public, as well as other stocks tied to the former president, as traders bet the news will drive traffic to conservative outlets.

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Diamond Head Holdings Corp. (DHHC) Closes Great Southern Homes Deal

Mar 30, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

DiamondHead Holding Corps. (NASDAQ:DHHC) announced that it has closed its combination with Great Southern Homes and the combined company will be renamed United Homes Group.

The deal was approved by shareholders during a meeting last Thursday, and only 109,426 shares were redeemed in connection with the vote, but DiamondHead saw about 87% redemptions in total across all previous votes, leaving it with about $43.9 million in its trust.

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