Capitalworks Emerging Markets Acquisition Corp. (Nasdaq: CMCA) announced this afternoon that it is postponing its special meeting from February 24 to March 1 and has signed a non-binding letter of intent (LOI).
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Aurora Acquisition Corp. (NASDAQ: AURC) announced this morning that it is pushing back tomorrow’s special meeting from 9 a.m. to 5:30 p.m.
As a result of the postponement, the redemption deadline was also extended from 5:00 p.m.
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Good Works II Acquisition Corp. plans to redeem all of its outstanding shares of common stock that were included in the units issued in its initial public offering, effective as of the close of business on March 16, 2023.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Lux Vending, LLC dba Bitcoin Depot, a U.S.-based
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Tailwind International (NYSE:TWNI) announced in an 8-K filing this morning that it has signed a non-redemption agreement with several unaffiliated third parties in connection to its extension meeting.
Under the non-redemption agreement, the third parties agreed to not redeem an aggregate of 1,900,000 Class A ordinary shares of TWNI.
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Anzu Special Acquisition Corp I (Nasdaq: ANZU) announced this afternoon that it has once again adjourned its special meeting, scheduled for today, until February 28.
The SPAC was holding today’s meeting to extend its completion deadline by six months from March 4 up to September 30.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
EO Charging, a British electric vehicle charging company that works with companies such as Amazon, has agreed funding from investors including from the Middle East at a lower valuation than targeted under a failed Spac listing in New York.
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Internet service provider Starry Group Holdings (NYSE:STRY) and its affiliates today announced that the company has started voluntary chapter 11 bankruptcy proceedings and has entered into a Restructuring Support Agreement (“RSA”) with lenders holding its debt, almost a year after completing its merger with FirstMark Horizon Acquisition Corp.
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Churchill Capital Corp VI (NYSE:CCVI) and Churchill Capital Corp VII (NYSE:CVII) announced this afternoon that both companies have signed non-binding letters of intent (LOI) with unnamed targets.
Both SPACs did not disclose any information on the targets but noted that the private companies meet their investment criteria.
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FTAC Athena Acquisition Corp. (NASDAQ:FTAA) a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced that it intends to dissolve and liquidate, effective as of the close of business on February 24, 2023, and will redeem all of the outstanding Class A ordinary shares, at a per-share redemption price of approximately $10.17.
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Mountain Crest Acquisition Corp. III (NASDAQ:MCAE) announced this afternoon that it has closed its combination with healthcare firm ETAO International Group.
MCAE shareholders approved the combination during a special meeting held last week on February 7, but at the time, the SPAC did not divulge a timeline for the closing of the deal.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Good Works II (NASDAQ:GWII) announced this afternoon that it is mutually terminating its combination with drug developer Direct Biologics, just months after the deal announcement.
The SPAC did not elaborate further on the termination but noted that the agreement contained customary mutual releases and covenants not to sue.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
In a case filed simply to determine whether a plaintiff was entitled to attorneys’ fees and expenses for conferring a benefit on a corporation, the Delaware Court of Chancery held that the planned stockholder vote by the corporation would have been insufficient under Delaware law to authorize amendments to the corporation’s certificate of incorporation in connection with a de-SPAC merger transaction.
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Ibere Pharmaceuticals (NYSE:IBER) today announced that it will redeem all of its outstanding ordinary shares that were included in the units issued in its initial public offering, effective as of the close of business on March 2, 2023.
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LF Capital Acquisition Corp. II (NASDAQ:LFAC) announced this afternoon that it has signed a non-binding letter of intent (LOI) with a target.
Although LF Capital II did not disclose the target’s name, it did mention that the company is a profitable U.S.-based
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Cascadia Acquisition Corp. (Nasdaq: CCAI) announced this afternoon that it is postponing its special meeting to extend its completion deadline from February 15 to February 22.
As a result of the postponement, the redemption deadline has also been extended from February 13 to February 17.
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ABG Acquisition Corp. I (Nasdaq: ABGI) today announced that as of the close of business on February 21, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive from the trust the per-share redemption price for the shares to be announced at a later date.
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CENAQ Energy Corp. (NASDAQ:CNAQ) announced in an 8-K this afternoon that it has entered into a PIPE agreement with a number of new investors, adding $24 million to its combination with gasoline supplier Bluescape Clean Fuels.
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