Author: Marlena Haddad

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

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).

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The Latest SPAC News and Rumors: January 18, 2023

 


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.

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The Latest SPAC News and Rumors: January 17, 2023

 


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.

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The Latest SPAC News and Rumors: January 13, 2023

 


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.

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


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.

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The Latest SPAC News and Rumors: January 12, 2023

 


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.

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TKB Critical Technologies 1 (USCT) & Wejo Go Back to the 2010 SPAC Playbook

TKB Critical Technologies 1 (NASDAQ:USCT) has entered into a definitive agreement to combine with vehicle data tracker Wejo (NASDAQ:WEJO) at a pro-forma implied enterprise valuation of $121.7 million or 1.2x 2024E net revenue. Manchester, UK-based Wejo, which previously combined in November 2021 with Virtuouso Acquisition Corp. (a different SPAC), has developed a data analysis suite
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The Latest SPAC News and Rumors: January 10, 2023

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Ex-banker eyes M&A after SPAC deal forges $60B wealth firm, Virgin Orbit stock plunges as UK launch fails, and Palihapitiya says Musk will take SpaceX’s Starlink public in 2023


Ex-Banker Eyes M&A After SPAC Deal Forges $60 Billion Wealth Firm

Michael Tiedemann turned his back on a Wall Street banking career two decades ago to build a wealth-management firm targeting the world’s super-rich.

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Priveterra Acquisition Corp. (PMGM) Secures $20M Commitment for AEON Biopharma Deal

Priveterra Acquisition Corp. (NASDAQ:PMGM) and its biopharmaceutical target, AEON Biopharma, announced this morning that they have secured an additional $20 million in commitments from existing investors in connection to its business combination.

The SPAC brought about $276 million into the deal through its current trust but aside from today’s funding, it has not yet supplemented this with other committed sources of capital.

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Roth CH IV’s (ROCG) Tigo Energy Secures $50M Convertible Note

Roth CH Acquisition IV Co.’s (NASDAQ:ROCG) target company, Tigo Energy, announced this afternoon that it has signed a definitive agreement with L1 Energy for $50 million of newly issued convertible notes.

The notes will bear a fixed annual interest rate of 5% with a maturity date of 36 months and may be converted at the option of the investor into shares of Tigo common stock or an equivalent equity created as a result of the company’s merger with ROCG.

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The Latest SPAC News and Rumors: January 9, 2023

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Saxo Bank eyes Copenhagen listing after failed SPAC merger, and SPACs win small respite under IRS stock-buyback tax guidance


Saxo Bank eyes Copenhagen listing after failed SPAC merger

Saxo Bank could give its external investors a new chance to cash in, including via an initial public offering, as early as this year, CEO Kim Fournais told Reuters, after plans to merge with Disruptive Capital AC, a blank-check company, collapsed last month.

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