TZP Strategies Acquisition Corp. (NASDAQ:TZPS) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on January 23, 2023.
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IG Acquisition Corp. (NASDAQ:IGAC) announced in an 8-K this afternoon that it has terminated its business combination with mobile gaming platform PlayUp and will instead liquidate its trust.
The SPAC today disclosed that it provided written notice to PlayUp that it was terminating the business combination, effective immediately.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Strapped for financing, online bulk-products retailer Boxed Inc.
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DTRT Health Acquisition Corp. (NASDAQ:DTRT) announced in an 8-K this afternoon that it has received a notice of termination of its merger agreement from healthcare company Consumer Direct and will instead liquidate its trust.
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Fortune Rise Acquisition Corp. (NASDAQ: FRLA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with water fintech startup, Water On Demand (WODI).
Today’s LOI comes just a week after Fortune Rise announced that its sponsor had entered into and closed a membership interest purchase and transfer agreement with the water fintech company pursuant to which WODI purchased 100% of the membership interest of the sponsor.
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DTRT Health Acquisition Corp. (NASDAQ:DTRT) announced in an 8-K this afternoon that it has received a notice of termination of its merger agreement from healthcare company Consumer Direct and will instead liquidate its trust.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Newsight Imaging Ltd.
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Rose Hill Acquisition Corp. (NASDAQ:ROSE) announced this morning that it is pushing out its shareholder vote, originally scheduled for today, to January 12 at 3:00 p.m. ET.
This means that the SPAC’s new redemption deadline will be 5 pm ET, January 10.
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Fortress Capital Acquisition Corp. (NYSE:FCAX) today announced that its board of directors has determined to redeem all of its outstanding, effective as of January 18, 2023.
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Mount Rainier Acquisition Corp. (NASDAQ:RNER) announced this afternoon that its shareholders approved its combination with confidential computing developer HUB Cyber Security Israel at a special meeting held earlier today.
The meeting was originally scheduled for December 30 before getting pushed to today to give shareholders additional time to consider reversing redemption requests. RNER’s
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Model Performance Acquisition Corp. (NASDAQ:MPAC) announced this afternoon that it has completed its business combination with MultiMetaVerse.
MultiMetaVerse Inc., an animation and entertainment company devoted to establishing an open community for its global users and to providing high-quality and immersive entertainment experiences is expected to begin trading tomorrow, January 5, on the Nasdaq Global Market under the ticker symbol “MMV”.
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Pontem Corporation (NYSE:PNTM) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a target company.
The unnamed target, which has been in business for almost forty years, operates a multinational industrial technology business that serves diversified end markets.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A group of lenders to struggling data-center firm Cyxtera Technologies Inc.
RMG Acquisition Corporation III (NASDAQ:RMGC) announced this morning that it has signed a letter of intent (LOI) to combine with hydrogen energy systems provider H2B2 Electrolysis Technologies.
The announcement comes just a few days before RMGC’s shareholder vote next Tuesday, January 10, to extend its timeline from February 9 to August 9.
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Deep Lake Capital Acquisition Corp. (Nasdaq: DLCA) announced that it will liquidate and intends to redeem all of the outstanding Class A ordinary shares at a per-share redemption price of approximately $10.124.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
American Acquisition Opportunity Inc.’s
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Marlin Technology Corporation (Nasdaq: FINM) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on January 17, 2023.
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Dune Acquisition Corporation (NASDAQ: DUNE) announced in an 8-K this afternoon that it has settled its lawsuit with equities trading platform TradeZero and mutually terminated its combination agreement.
As a refresher, Dune launched a lawsuit against its combination partner TradeZero in April 2022 claiming that its target, “fraudulently induced” it into entering the merger and “materially breached” that agreement, causing “irreparable injury” to the SPAC.
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