On March 3, 2023, Arbor Rapha Capital Bioholdings Corp.
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Banner Acquisition Corp. (NASDAQ: BNNR) this afternoon announced that it has entered into multiple non-binding letters of intent (LOI) with target companies in the property services sector.
The SPAC did not disclose exactly how many targets will be a part of this possible merger, but it intends to continue seeking additional acquisition targets that provide services in similar areas such as cleaning, HVAC, plumbing, landscaping, pest control, and residential solar.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Amprius Technologies has signed a letter of intent to build a 775,000 square foot battery manufacturing facility capable of producing 5 GWh of silicon anode-based lithium-ion batteries in the coming years.
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First Reserve Sustainable Growth Corp. (NASDAQ: FRSG) today announced that it will redeem all outstanding shares of its Class A common stock, effective as of the close of business on March 10, 2023.
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Genesis Growth Tech Acquisition Corp. (NASDAQ:GGAA) announced this afternoon that it has mutually terminated its deal with French medical software firm Biolog-id.
The SPAC originally signed a $312 million memorandum of understanding with the medical software company in August 2022 and intended on financing the combination with about $257.1 million from its trust but never supplemented this with a PIPE.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The highly anticipated 2022 Lucid Air Grand Touring (NASDAQ:LCID) needs to catch up to its EPA mileage range.
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VPC Impact Acquisition Holdings II (NASDAQ: VPCB) today announced that it will redeem all of its outstanding Class A ordinary shares on March 21.
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Altimar Acquisition Corp. III (NYSE:ATAQ) announced in an 8-K this afternoon that it has again adjourned its extension vote and will reconvene on March 6 at 4:00 p.m.
A total of 15,801,410 ordinary shares, representing approximately 81.42% of Altimar’s outstanding shares, participated in the meeting, so turnout was not an issue, but it is likely that redemption levels are not yet where the SPAC wants them to be.
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Northern Star Investment Corp. III (NYSE:NSTC) entered into its fourth non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 1,400,000 shares in connection with the special meeting to extend its timeline from March 4 to September 4.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Blank-check firm Schultze Special Purpose Acquisition Corp.
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Build Acquisition Corp. (NYSE:BGSX) today announced that it will redeem all of its outstanding common stock that was included in the units issued in its initial public offering, effective as of the close of business on March 17, 2023, as the company will not consummate an initial business combination on or prior to March 19, 2023.
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Northern Star Investment Corp. III (NYSE:NSTC) and Northern Star Investment Corp. IV (NYSE:NSTD) announced in 8-K filings this afternoon that they have each secured additional non-redemption agreements as they work to extend their transaction deadlines.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A Delaware court recently issued a significant opinion in a directors and officers liability claim involving a special purpose acquisition company.
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Insight Acquisition Corp. (NYSE:INAQ) announced in an 8-K this morning that it postponed its extension vote today and will reconvene the special meeting at 10:00 a.m. ET on March 6.
The SPAC intends to use this additional to engage with its stockholders.
Lead Edge Growth Opportunities, Ltd. (Nasdaq: LEGA) a special purpose acquisition company, today announced that it will commence the redemption of all of its outstanding Class A ordinary shares, effective as of the close of business on March 15, 2023.
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Lionheart III (NASDAQ:LION) announced this afternoon that it has secured a Standby Equity Purchase Agreement with YA II, managed by Yorkville Advisors Global, in connection to its previously approved deal with advanced materials company Security Matters.
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Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends to terminate their proposed merger, just a few months after their deal announcement.
On February 23, 2023, the company notified Sagaliam that since the SPAC did not receive subscription agreement commitments before December 15, 2022, it has chosen to terminate the merger.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Westrock Coffee Company (Nasdaq: WEST), a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider to the retail, foodservice and restaurant, convenience store and travel center, non-commercial, CPG, and hospitality industries, announced today the Company has acquired Bixby Roasting Co.,
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Viveon Health Acquisition Corp.(NYSE American: VHAQ) announced that it has signed a letter of intent (LOI) to combine with a platform focusing on cognitive care for the elderly and those with special needs.
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