Author: Marlena Haddad

IPO-Pricing

AlphaTime Acquisition Corp. (ATMCU) Prices $60M IPO


AlphaTime Acquisition Corp. priced its $60 million IPO and its units began trading on the Nasdaq under the symbol “ATMCU” Friday, December 30, 2022.

The new SPAC intends to acquire businesses in Asia that have the potential to generate strong, stable, and increasing free cash flow, particularly businesses with predictable revenue streams and definable low working capital. AlphaTime

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The Latest SPAC News and Rumors: December 29, 2022

 


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

Latest SPAC News: Vertical Farming is latest 2022 tech layoffs victim, SeaStar Medical and Nuwellis enter into license and distribution agreement, and Complete Solaria and Freedom I achieve important milestones


Futuristic Vertical Farming Startups Are Struggling in the Tech Downturn

When the market was booming, tech investors poured billions into companies designing new ways of farming.

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Northern Star II (NSTB) and Pivotal Investment III (PICC) Adjourn Extension Votes Again

Northern Star Investment Corp. II  (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) both announced this afternoon that their extension votes have once again been adjourned.

NSTB and PICC originally scheduled their meetings for December 22 when the pair decided to postpone the votes to today, December 28, to further engage with their stockholders and solicit redemption reversals.

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SPK Acquisition Corp. (SPK) Terminates Varian Bio Deal, Will Liquidate

SPK Acquisition Corp. (NASDAQ:SPK) announced in an 8-K this morning that it has terminated its combination agreement with Varian Bio and will instead liquidate on December 29.

The SPAC did not make a required $50,000 contribution to trust on December 10 to extend its transaction deadline and on December 21 gave notice that it would terminate the merger, citing breaches by Varian of one or more of the deal’s terms.

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The Latest Liquidations: December 23, 2022

Latest SPAC Liquidations: Spindletop Health, Astrea, Omega Alpha SPAC, and SportsTek


Spindletop Health Acquisition Corp. (SHCA) to Liquidate on December 20

Spindletop Health Acquisition Corp. (NASDAQ:SHCA) announced that in accordance with the announced December 20, 2022 termination date set by its Board of Directors, the company expects to redeem all outstanding public shares by December 27, 2022, following which it will be dissolved, liquidated and wound up.

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Northern Star II (NSTB) and Pivotal Investment III (PICC) Adjourn Extension Votes

Northern Star Investment Corp. II  (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) both announced this afternoon that their extension votes, originally scheduled for today, have been adjourned to December 28.

Both SPACs expect to use this additional time to engage with their stockholders and solicit redemption reversals.

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Far Peak Acquisition Corp. (FPAC) Terminates Bullish Deal

Far Peak Acquisition Corporation (NYSE: FPAC) announced in a statement this afternoon that it has mutually terminated its combination agreement with cryptocurrency exchange Bullish.

The SPAC combination had an Outside Date of December 31, 2022, and it appears the transaction timeline did not unfold as originally anticipated and had yet to clear the SEC.

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The Latest SPAC News and Rumors: December 22, 2022

 


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

Latest SPAC News:  Bird gets lifeline from independent Canadian subsidiary, Disruptive Capital launches £125m share buyback, and Core Scientific files for bankruptcy  


E-scooter company Bird gets lifeline from independent Canadian subsidiary 

E-scooter sharing firm Bird Canada Inc.

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dMY Technology Group, Inc. VI (DMYS) to Combine with Rainwater Tech in $200M Deal

dMY Technology Group, Inc. VI (NYSE:DMYS) has entered into a definitive agreement to combine with rainfall generation technology Rain Enhancement Technologies, Inc. (“Rainwater Tech”), at a pro forma valuation of $200 million. Austin, Texas-based Rain Enhancement Technologies aims to provide the world with reliable access to water through the development and commercialization of rainfall generation technology.
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The Latest SPAC News and Rumors: December 21, 2022

 


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

Latest SPAC News:  Hedge fund accuses Concord SPAC backers of pocketing breakup fee, Virgin Group puts another $20M into Virgin Orbit, and X-Energy completes key safety system prototype


Hedge Fund Accuses Concord SPAC Backers of Pocketing Breakup Fee

Concord Acquisition Corp.’s

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