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The Latest SPAC News and Rumors: February 1, 2023

Feb 1, 2023 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: Hollywood’s Chernin, Banijay’s owner in talks to buy ITV Studios, Westrock Coffee to develop new distribution center, and NRC begins public engagement for TRISO-X nuclear fuel facility license

Hollywood’s Chernin, Banijay’s owner in talks on ITV Studios

Veteran Hollywood producer Peter Chernin and the owner of French TV production group Banijay have expressed an interest in buying a stake in UK broadcaster ITV’s Studios, the maker of hit show “Love Island”, sources familiar with the matter told Reuters.

Teaser

New Vista Acquisition Corp. (NVSA) Signs LOI with Verijet

Feb 1, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

New Vista Acquisition Corp. (NASDAQ: NVSA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with private aviation firm Verijet Holding Company LLC.

Although details on the proposed merger remain limited for the time being, the SPAC expects to announce further information once a definitive agreement has been finalized. New

latest liquidations

The Latest Liquidations: January 31, 2023

Jan 31, 2023 Headline Post, INTEL by Marlena Haddad

Latest SPAC Liquidations: Ascendant Digital Acquisition Corp. III, Mason Industrial Technology, Catalyst Partners Acquisition Corp.

Ascendant Digital III (ACDI) to Liquidate on February 16

Ascendant Digital Acquisition Corp. III (NYSE: ACDI) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 16, 2023.

proxy vote

Armada Acquisition Corp. I (AACI) Postpones Extension Vote for Third Time

Jan 31, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Armada I (NASDAQ:AACI) announced this afternoon that it has further postponed its extension vote, marking the third postponement for its special meeting.

The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, then January 31, and is now scheduling it for February 2.

IPO-Pricing

Cetus Capital Acquisition Corp. (CETUU) Prices $50 Million IPO

Jan 31, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

Cetus Capital Acquisition Corp. priced its $50 million IPO and its units began trading on the Nasdaq under the symbol “CETUU” Wednesday, February 1, 2023.

The new company intends to focus its search for a target business in the industrials, information technology and Internet-of-Things industries with an intention to initially prioritize Taiwan.

Tailwind Acquisition Corp. (TWND) Closes NUBURU Deal

Jan 31, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Tailwind Acquisition Corp. (NYSE:TWND) announced this afternoon that it has closed its combination with laser technology firm NUBURU.

The SPAC’s shareholders approved the deal at a special meeting held in December 2022, but did not provide a closing date at that time.

Revelation Biosciences to Implement Reverse Stock Split

Jan 31, 2023 INTEL by Marlena Haddad

Revelation Biosciences (NASDAQ: REVB), which completed a merger transaction with Petra Acquisition, announced this afternoon that it will implement a 1-for-35 reverse split of its common stock.

The company gained shareholder approval for the reverse stock split at a special meeting held yesterday and will be effective as of tomorrow morning, February 1.

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The Latest SPAC News and Rumors: January 31, 2023

Jan 31, 2023 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: Arrival appoints new CEO after laying off 50% of workforce, Hambro SPAC ditches merger talks with Istesso, and DocGo partners with Dollar General

EV startup Arrival appoints new CEO, posts plan to lay off 50% of its workforce

UK-based electric vehicle startup Arrival has announced plans to lay off half of its workforce as part of its efforts to cut costs.

proxy vote

Beard Energy Transition (BRD) and Berenson I (BACA) Cancel Extension Meetings

Jan 31, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Beard Energy Transition (NYSE:BRD) and Berenson I (NYSE:BACA) announced this morning that they will be canceling their special meetings to extend transaction deadlines.

Beard Energy disclosed that it intends to withdraw from consideration by its stockholders the proposals set forth in the proxy.

proxy vote

Armada Acquisition Corp. I (AACI) Further Postpones Extension Vote

Jan 30, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote.

The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31.

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The Latest SPAC News and Rumors: January 30, 2023

Jan 30, 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: Hambro Perks eyes merger with Biotech Istesso, Rocket Lab launches first vehicle from U.S.

AERWINS-Technologies-v2

Pono Capital Corp. (PONO) Shareholders Approve AERWINS Deal

Jan 30, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27.

Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction.

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The Latest SPAC News and Rumors: January 27, 2023

Jan 27, 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: Circle spokesperson denies blaming SEC for failed deal, BuzzFeed CEO says AI-powered content will be part of core business, and FaZe Clan faces possible delisting

Circle Spokesperson Denies Blaming SEC for Failed $9 Billion Deal

USD Coin (USDC) issuer Circle has rejected claims that it blames the United States Securities and Exchange Commission (SEC) for the failure of its $9 billion plan to go public in December, according to a spokeswoman for the company.

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Seaport Calibre Materials Acquisition Corp. (SCMA) Adjourns Extension Vote

Jan 26, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Seaport Calibre Materials Acquisition Corp. (Nasdaq: SCMA) announced this afternoon that it is pushing today’s special meeting back until January 31.

The SPAC is currently facing a completion deadline of February 1, but is looking to extend its timeline by an additional six months to August 1.

proxy vote

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

Jan 26, 2023 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

Blockchain Coinvestors I (NASDAQ:BCSA) announced this afternoon that it is once again postponing its special meeting to extend its timeline to complete its business combination.

The meeting was originally scheduled to be held on January 18, but was subsequently postponed to January 27, and now February 3.

Teaser

Insight Acquisition Corp. (INAQ) Signs LOI with Avila Energy

Jan 26, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Insight Acquisition Corp. (NYSE: INAQ) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with oil and gas developer Avila Energy Corporation (CSE:VIK).

The parties have agreed to negotiate the terms of the transaction on an exclusive basis through February 24, at which point Insight may extend the term for an additional 15 calendar days.

latest-news

The Latest SPAC News and Rumors: January 26, 2023

Jan 26, 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: Disruptive Capital sets out to buy back 95% of shares and Buzzfeed rallies after report of Meta deal

SPAC To Buy Back 95% Of Shares After Merger Talks End

Disruptive Capital Acquisition Co.

proxy vote

International Media Acquisition Corp. (IMAQ) Postpones Extension Vote

Jan 26, 2023 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

International Media Acquisition Corp. (NASDAQ:IMAQ) announced this morning that its special meeting, originally scheduled for today, has been pushed back to tomorrow, January 27.

The postponement was due to a change in the terms of the funds being deposited into the company’s trust in connection with each extension to $385,541.10 being deposited for the initial 3 month extension and $128,513.70 being deposited for each additional monthly extension.

rainwater-tech

dMY VI Launches Tender Offer for Rain Enhancement Deal

Jan 26, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

dMY Technology Group, Inc. VI (NYSE: DMYS) announced this morning that it has launched a tender offer to purchase up to 24,150,000 of its shares of Class A common stock in connection to its business combination with Rain Enhancement Technologies.

Gesher I (GIAC) Shareholders Approve Freightos Deal

Jan 25, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Gesher I (NASDAQ:GIAC) announced in an 8-K this afternoon that its shareholders approved its combination with global freight booking and payment platform Freightos at a special meeting held earlier today.

The deal was overwhelmingly approved with holders of 11,819,340 shares voting in favor of the deal and just 718,099 shares against it.

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