The Latest SPAC News and Rumors: January 23, 2023

Jan 23, 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: IonQ to build new manufacturing plant, DWAC falls on report that Trump plans to return to social media, and Jupiter Wellness redeemable digital coupons now available for shareholders

Quantum computer firm IonQ to build Bothell manufacturing plant

Quantum computing company IonQ (NYSE:IONQ) is opening a new manufacturing facility in Bothell, dubbing the Seattle area its North American production headquarters on its quest to develop a new kind of computer.

The Latest SPAC News and Rumors: January 20, 2023

Jan 20, 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: BigBear.ai secures $900M contract with US Air Force, Starry slashes another 100 jobs, and Eagle Football Holdings plans $1.2B SPAC listing

Columbia’s BigBear.ai

FoxWayne Acquisition Corp. (FOXW) Terminates Clover Deal

Jan 19, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

FoxWayne Acquisition Corporation (NASDAQ: FOXW) announced in an 8-K this afternoon that it has mutually terminated its combination agreement with dating app developer Clover.

Although the SPAC did not disclose why the parties nixed the deal, the termination comes just a day after the company held its extension vote.

Digital Health (DHAC) Enters Backstop Agreement with Sponsor

Jan 19, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Digital Health (NASDAQ:DHAC) announced this afternoon that it has entered into a backstop agreement in connection to its proposed merger with telehealth software firm VSee and digital healthcare provider iDoc.

Under the agreement, the sponsor is committed to purchase any and all additional PIPE shares and accompanying warrants that remain unpurchased by the PIPE investors in the additional PIPE offering at the same purchase price and on the same terms and conditions of the backstop commitment.

The Latest SPAC News and Rumors: January 19, 2023

Jan 19, 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: Planet Labs CFO says SPAC IPO was key to growth, Jupiter Wellness announces $4.1M registered direct and private placement, and Zapp expands international footprint with new campus in Thailand

Planet Labs Finance Chief Says SPAC IPO Was Key to Recent Growth

Ashley Johnson, chief financial officer for Planet Labs PBC (NYSE: PL), said the satellite-imaging company made the right call to go public by combining with a special-purpose acquisition company—better known as a SPAC.

The Latest Liquidations: January 18, 2023

Jan 18, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Thrive, Medicus Sciences

Thrive Acquisition Corp. (THAC) to Liquidate on January 25

Thrive Acquisition Corporation (NASDAQ: THAC) announced today that it intends to liquidate and dissolve, effective as of the close of business on January 25, 2023, and will redeem all of the outstanding Class A ordinary shares at an anticipated per-share redemption price of approximately $10.36.

OCA Acquisition Corp. (OCAX) Adjourns Extension Vote

Jan 18, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

OCA Acquisition Corp. (NASDAQ:OCAX) announced this afternoon that it adjourned today’s special meeting until tomorrow, January 19, at 9:00 a.m. E.T.

Today’s meeting was being held to vote on an amendment to extend OCAX’s completion deadline.

Onyx Acquisition Co. I (ONYX) Mulls $1B Deal with Helios

Jan 18, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Onyx Acquisition Co. I (NASDAQ: ONYX) announced this afternoon that it is in discussions to combine with Helios Investment Partners at an enterprise value of $1 billion.

The proposed merger would result in the creation of a newly combined company focused on the development of natural gas and low-carbon energy in Africa and would be called Helios Energy Transition Infrastructure (HETI).

The Latest SPAC News and Rumors: January 18, 2023

Jan 18, 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: Grab revealed as top food delivery player in ASEAN despite slowing growth, SomaLogic reduces staff, and DL E&C, Doosan invest $25M in X-Energy

Grab tightens ASEAN food delivery grip despite slowing growth

Singapore-based superapp developer Grab (NASDAQ:GRAB) is cementing its position as the dominant food delivery player in the Association of Southeast Asian Nations, even as growth in the once booming digital service dramatically slows, a report released on Tuesday showed.

Volta Inc. (VLTA) to Be Acquired by Shell USA for $0.86 Per Share

Jan 18, 2023 Headline Post, INTEL by Marlena Haddad

Volta Inc. (NYSE:VLTA), which completed a combination with Tortoise Acquisition Corp. II in August 2021, announced this morning that it has agreed to be acquired by Shell, a subsidiary of Shell plc (NYSE: SHEL), in an all-cash transaction at $0.86 per share.

Crown PropTech Acquisitions (CPTK) Sells Sponsor Shares

Jan 17, 2023 Headline Post, INTEL by Marlena Haddad

Crown PropTech Acquisitions (NYSE:CPTK) announced in an 8-K this afternoon that it has agreed to sell most of its sponsor shares and will undergo a change in management.

CIIG Management III LLC entered into a securities assignment agreement with CPTK to purchase 5,662,000 Class B ordinary shares and 250,667 private placement warrants.

Blockchain Coinvestors Acquisition Corp. I (BCSA) Postpones Extension Vote

Jan 17, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Blockchain Coinvestors I (NASDAQ:BCSA) announced this afternoon that it has postponed its shareholder meeting to extend its transaction deadline.

The meeting, which was originally scheduled for January 18, will now take place at 11:30 a.m.

The Latest SPAC News and Rumors: January 17, 2023

Jan 17, 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: FTX Japan draws interest from Monex, Caravelle announces preliminary record-breaking financials for 2022, and Melia Hotels and Falcon Beyond open new resort

Monex Indicates Interest in FTX Japan

As FTX battles with its bankruptcy proceedings, one of the four assets it put on sale, FTX Japan, has caught the interest of Tokyo-based financial services company Monex Group.

Energem Corp. (ENCP) Secures $200M Standby Equity Purchase Agreement

Jan 17, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Energem Corp. (NASDAQ:ENCP) announced this morning that it has secured a Standby Equity Purchase Agreement with YA II, managed by Yorkville Advisors Global, in connection to its proposed merger with sustainable materials maker Graphjet Technology.

The Latest SPAC News and Rumors: January 13, 2023

Jan 13, 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: Klausner and Grant & Eisenhofer lawyers win ruling against GigCapital3 and SEC plans to finalize two dozen rules in 2023

SPAC Defenders Fear Professor’s Victory Means Lawsuit Gold Rush

Stanford Law Professor Michael Klausner’s legal push aimed at showing SPACs are a rip-off for everyday investors is going as well as he could have hoped.

Israel Acquisitions Corp. (ISRLU) Prices $125 Million IPO

Jan 13, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

Israel Acquisitions Corp. priced its $125 million IPO and its units began trading on the Nasdaq under the symbol “ISRLU” Friday, January 13, 2023.

The Company intends to focus on high-growth technology companies that are domiciled in Israel, and that either carry out all or a substantial portion of their activities in Israel or have some other significant Israeli connection.

The Latest Liquidations: January 12, 2023

Jan 12, 2023 Headline Post, INTEL by Marlena Haddad

Latest SPAC Liquidations: SVF Investment Corp.

SVF Investment Corp. (SVFA) to Liquidate on January 12

SVF Investment Corp. (Nasdaq: SVFA) today announced that as of the close of business on January 27, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive their pro-rata share in its trust account.

The Latest SPAC News and Rumors: January 12, 2023

Jan 12, 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: Lucid wins dismissal of lawsuit that claimed it defrauded investors, and DiaCarta receives FDA Emergency Use Authorization for monkeypox test kit

Lucid beats lawsuits claiming it defrauded SPAC investors about production outlook

Lucid Group Inc (NASDAQ:LCID) on Wednesday won the dismissal of a lawsuit accusing the luxury electric car maker of defrauding investors in the special-purpose acquisition company that helped take it public, by significantly overstating its production outlook.

The Latest SPAC News and Rumors: January 11, 2023

Jan 11, 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: IonQ acquires Entangled Networks, e2open enjoys strong Q3 but warns of softening ahead, and California cannabis firm The Parent Co.

Onyx Acquisition Co. I (ONYX) Postpones Extension Vote

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Onyx Acquisition Co. I (NASDAQ:ONYX) announced this afternoon that it has postponed its special meeting to extend its transaction deadline.

The meeting, which was originally scheduled for 9:30 a.m. ET on January 12, will now take place at 9:30 a.m.

Author: Marlena Haddad

Latest SPAC News: IonQ to build new manufacturing plant, DWAC falls on report that Trump plans to return to social media, and Jupiter Wellness redeemable digital coupons now available for shareholders

Quantum computer firm IonQ to build Bothell manufacturing plant

Latest SPAC News: BigBear.ai secures $900M contract with US Air Force, Starry slashes another 100 jobs, and Eagle Football Holdings plans $1.2B SPAC listing

Columbia’s BigBear.ai

Latest SPAC News: Planet Labs CFO says SPAC IPO was key to growth, Jupiter Wellness announces $4.1M registered direct and private placement, and Zapp expands international footprint with new campus in Thailand

Planet Labs Finance Chief Says SPAC IPO Was Key to Recent Growth

Latest SPAC Liquidations: Thrive, Medicus Sciences

Thrive Acquisition Corp. (THAC) to Liquidate on January 25

Latest SPAC News: Grab revealed as top food delivery player in ASEAN despite slowing growth, SomaLogic reduces staff, and DL E&C, Doosan invest $25M in X-Energy

Grab tightens ASEAN food delivery grip despite slowing growth

Latest SPAC News: FTX Japan draws interest from Monex, Caravelle announces preliminary record-breaking financials for 2022, and Melia Hotels and Falcon Beyond open new resort

Monex Indicates Interest in FTX Japan

Latest SPAC News: Klausner and Grant & Eisenhofer lawyers win ruling against GigCapital3 and SEC plans to finalize two dozen rules in 2023

SPAC Defenders Fear Professor’s Victory Means Lawsuit Gold Rush

Latest SPAC Liquidations: SVF Investment Corp.

SVF Investment Corp. (SVFA) to Liquidate on January 12

Latest SPAC News: Lucid wins dismissal of lawsuit that claimed it defrauded investors, and DiaCarta receives FDA Emergency Use Authorization for monkeypox test kit

Lucid beats lawsuits claiming it defrauded SPAC investors about production outlook

Latest SPAC News: IonQ acquires Entangled Networks, e2open enjoys strong Q3 but warns of softening ahead, and California cannabis firm The Parent Co.