Pathfinder Acquisition Corp. (NASDAQ:PFDR) announced this morning that it has closed its combination with motion-capture technology company Movella.
The combined company will operate as “Movella Holdings Inc.”, and its common stock and warrants are expected to begin trading on the Nasdaq under the ticker symbol “MVLA” and “MVLAW”, respectively, on February 13.
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Bellevue Life Sciences Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BLACU” Friday, February 10, 2023.
The new SPAC intends to acquire a target business in the healthcare industry, specifically in the biotechnology sector developing the next generation of biologics.
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Pono Capital Three, Inc. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PTHRU” Friday, February 10, 2023.
The new company intends to seek a target in the disruptive technology sector with a spotlight on companies in Asia with Japan in particular.
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Lazard Growth Acquisition Corp. I (Nasdaq: LGAC) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of February 22, 2023.
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Anzu Special Acquisition Corp. I (NASDAQ:ANZU) announced this morning that it adjourned today’s special meeting to extend its completion deadline and will now be held on February 21.
Anzu had previously filed to explain its redemption and excise tax procedure around the vote.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Ocean Biomedical and Aesther Healthcare Acquisition Corp.
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Corner Growth Acquisition Corp. (NASDAQ: COOL) announced this morning that it has signed a letter of intent (LOI) to combine with cybersecurity solutions and services provider Noventiq (LSE: SFTL).
The London-based company enables and accelerates digital transformation for its customers’ businesses, connecting over 75,000 organizations from all sectors with hundreds of best-in-class IT vendors, alongside its own services and solutions.
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Inflection Point Acquisition Corp. (NASDAQ:IPAX) announced this afternoon that its shareholders approved its combination with space services company Intuitive Machines at a special meeting held earlier today.
At the meeting, a total of 33,753,152, or 81.89%, of Inflection Point’s issued and outstanding ordinary shares were present either in person or by proxy.
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AXIOS Sustainable Growth Acquisition Corp. (NYSE:AXAC) announced in an 8-K this afternoon that it has signed non-redemption agreements with one or more third parties.
The investors hold an aggregate of 400,000 shares of common stock and have agreed to not redeem their shares at AXAC’s upcoming extension meeting on February 14.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Austrian real estate investor and billionaire Rene Benko wrote off the expected benefits of a merger with cycling retailer Wiggle Group before injecting more capital into his troubled sports retail business.
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Mountain Crest Acquisition Corp. III (NASDAQ:MCAE) announced this afternoon that its shareholders approved its combination with healthcare group ETAO at a special meeting held earlier today.
The filing did not divulge redemption figures or a closing time, but the SPAC’s shares dropped to a low of $9.10 on the day of its redemption deadline, below its estimated trust value of $10.00 per share.
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Crown PropTech Acquisitions (NYSE: CPTK) announced that it convened and then adjourned today’s special meeting, without conducting any business, to recommence on Thursday, February 9.
At the meeting, the SPAC is looking to gain shareholder approval to extend its completion deadline by an entire year from February 11, 2023, to February 11, 2024.
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Moringa Acquisition Corp. (Nasdaq: MACA) announced that today’s special meeting was convened and then adjourned, without conducting any business, to recommence on Thursday, February 9.
The SPAC is currently facing a deadline of February 19, but is looking to extend its timeline by an additional six months to August 19.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The US-based SPAC that has been planning a merger with the operating entities of Philippines integrated resort Okada Manila has filed a lawsuit against those entities claiming they have breached their obligations under their original merger agreement.
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FTAC Athena (NASDAQ:FTAA) has announced that it will cancel its special meeting scheduled for Wednesday, February 15 to extend its transaction deadline.
The SPAC currently faces a completion deadline of February 25, but was hoping to gain shareholder approval at the meeting to extend its timeline up to six times for an additional one month each time, to August 25.
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OceanTech I (Nasdaq: OTEC) announced this afternoon that it is mutually terminating its combination with Majic Wheels Corp.
The SPAC did not elaborate further on the termination but noted it will continue on and seek a new business combination.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Mike Cagney, the former chief executive officer of lending giant SoFi, is searching for investors for his latest startup, Figure Technologies Inc.
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Anzu Special Acquisition Corp. I (NASDAQ: ANZU) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with Envoy Medical at an equity value of approximately $150 million.
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Aesther Healthcare Acquisition Corp. (NASDAQ:AEHA) announced this morning that its shareholders approved its combination with biotech firm Ocean Biomedical at a special meeting held on February 3.
The filing did not divulge redemption figures or a closing time, but the SPAC’s shares spiked to a high of $12.50 on the day of the vote before settling to a close at $11.00, above its estimated trust value of $10.20 per share.
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Forest Road II (NYSE:FRXB) and 10X Capital Venture III (NYSE:VCXB) both announced this afternoon that they have mutually terminated their business combinations.
Forest Road II intended to combine with transportation technology developer HyperloopTT, but the parties decided to nix the deal due to timing constraints along with unfavorable market conditions.
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