Alpine (NYSE:REVE) announced this afternoon that it has further adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus.
The SPAC originally intended to hold its special meeting on February 24, but has adjourned it three times since then.
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Summit Healthcare (NASDAQ:SMIH) announced that its shareholders have approved its combination with drug-maker YS Biopharma at a special meeting held earlier today.
The SPAC did not disclose redemption figures, but noted that the transaction is expected to deliver approximately $36 million in gross proceeds, which are expected to be used for the clinical development and future commercialization of the company’s vaccines.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A special purpose acquisition company’s investor says in Delaware Chancery Court that the SPAC’s managers misled shareholders about a $16 billion merger with United Wholesale Mortgage (NYSE:UWMC) so that they could reap a return from what turned out to be an ‘abysmal’ deal.
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LDH Growth Corp I (NASDAQ: LDHA) announced today that it intends to liquidate and dissolve, effective as of the close of business on March 23, 2023, and will redeem all of the outstanding Class A ordinary shares.
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OceanTech Acquisition I Corp. (NASDAQ:OTEC) announced this afternoon that it has entered into a purchase agreement with its sponsor, OceanTech Acquisitions I Sponsors, and a new sponsor, Aspire Acquisition. As a result, OceanTech will undergo a change in management.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
TRISO-X LLC a wholly owned subsidiary of X-Energy Reactor Company, LLC that primarily develops and designs tri-structural isotropic particle fuel, today announced the successful test of its coated particle fuel for nuclear thermal propulsion applications, marking a major step toward a one-of-a-kind, nuclear-powered rocket.
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Dragoneer Growth Opportunities Corp. III (Nasdaq: DGNU) announced that it intends to dissolve and liquidate. The
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KINS Technology Group Inc. (NASDAQ:KINZ) announced its shareholders have approved its combination with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application at a special meeting held earlier today.
Holders of 7,097,290 shares of KINS common stock were present at today’s meeting, representing 97.39% of KINS’ common stock outstanding.
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DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this afternoon that it has rescheduled its special meeting to complete its transaction with homebuilding company Great Southern Homes, Inc.
The company originally planned to hold the completion vote on March 14, but will now be pushing it back until March 23 at 10:00 a.m.
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Monterey Bio Acquisition Corp. (NASDAQ:MTRY) announced in an 8-K this morning that its co-sponsors, NorthStar Bio Ventures and Chardan Monterey Investments, entered into a share transfer agreement and will rebrand the company.
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On March 9, 2023, the board of directors of Pine Technology Acquisition Corp.
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On March 8, Inception Growth (NASDAQ:IGTA) and its sponsor, Soul Venture Partners LLC, entered into non-redemption agreements with certain unaffiliated third parties holding 1,200,000 shares. In
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Silver Spike Acquisition Corp. II (NYSE:SPKB) announced in an 8-K this afternoon that it intends to adjourn its extension meeting indefinitely.
The SPAC originally scheduled its vote for March 6, but adjourned it to tomorrow, March 10, hoping that the extra days would give its sponsor more time to engage with its investors and possibly ink non-redemption agreements which have become increasingly common.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Turkish mobility app Marti is in a legal battle over its new taxi-hailing service with Istanbul’s top yellow cab group, as the tech company prepares to list on the New York Stock Exchange through a merger with Galata (NYSE:GLTA).
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Frontier Acquisition Corp. (Nasdaq: FRON), a special purpose acquisition company, today announced that it will redeem all of its outstanding Class A ordinary shares, with such redemption anticipated to be effective as of the close of business on March 16, 2023.
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On March 6, Inception Growth (NASDAQ:IGTA) and its sponsor, Soul Venture Partners LLC, entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 2,100,000 shares of its common stock in connection with its extension vote on March 13.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Lordstown Motors Corp.
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Lionheart III (NASDAQ:LION) announced this morning that it has closed its deal with advanced materials company Security Matters (ASX:SMX).
The business combination was approved by shareholders at a special meeting held on January 30, but LION was unable to close the deal until now.
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KINS Technology Group Inc. (NASDAQ:KINZ) announced in an 8-K this afternoon that it has postponed its special meeting to complete its transaction with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application.
The completion vote was originally scheduled to be held tomorrow, March 8, but will now be pushed back until Friday, March 10 at 1:30 p.m.
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