Author: Marlena Haddad

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The Latest SPAC News and Rumors: December 13, 2022

 


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

Latest SPAC News: Quanergy files for bankruptcy, Royalty Management becomes a member in Texas Tech University’s Center for Advancing Sustainable and Distributed Fertilizer Production, and Bakkt study finds future crypto purchase consideration holds steady


Ex-SPAC Quanergy Files for Bankruptcy Less Than a Year After Going Public

Quanergy Systems Inc.

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GoGreen (GOGN) to Combine with Lifezone Metals in a $681M Deal

GoGreen Investments Corporation (NYSE:GOGN) has entered into a definitive agreement to combine with clean battery developer Lifezone Metals at a post-transaction enterprise value of $681 million. Lifezone Metals is a metals company that aims to responsibly and cost-effectively provide supply chain solutions to the global battery metals market. The combined company is expected to trade on the
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AMCI Acquisition Corp. II (AMCI) Amends Deal for Lanza Tech

AMCI II (NASDAQ:AMCI) announced this afternoon that it has amended its merger agreement, sponsor support agreement, and subscription agreement in connection to its proposed merger with renewable materials-maker LanzaTech.

The parties amended the merger agreement to include the aggregate net proceeds from each of the AM SAFE and Brookfield SAFE in the acquiror closing cash amount.

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Primavera Capital (PV) Shareholders Approve Lanvin Group Deal

Primavera (NYSE:PV) announced that its shareholders have approved its business combination with the luxury fashion Lanvin Group during a special meeting held Friday, December 9.

The parties’ press release did not include redemption figures, but, regardless, the parties expect to close the deal December 14, after which the combined company will trade on the NYSE under the symbol “LANV” beginning December 15.

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The Latest SPAC News and Rumors: December 9, 2022

 


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

Latest SPAC News: Southland awarded $70M contract for Denver International Airport expansion project, and Bakkt reduces 15% of employee base


Southland Awarded $70 Million Denver International Airport West Gates Pond Expansion Project

Southland Holdings, LLC (“Southland”) announced today that a subsidiary in its Civil segment, Southland Contracting, has been awarded a $70 million contract for Denver International Airport’s West Gates Pond Expansion.

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Altitude Acquisition Corp. (ALTU) Signs Non-Binding LOI

Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with a global medical device manufacturer.

The SPAC originally teased this deal on October 4, the same day as its redemption deadline, when it announced it was in negotiations to sign a LOI with the medical device manufacturer.

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InterPrivate II (IPVA) Shareholders Approve Getaround Deal

InterPrivate II (NYSE:IPVA) disclosed this morning that its shareholders have approved its business combination with car-sharing marketplace Getaround during a special meeting held on Wednesday, December 7.

The combined company raised approximately $228 million in gross proceeds through the deal, including the amounts retained in InterPrivate II’s trust account, the conversion of approximately $37.5 million of bridge notes and the issuance of $175 million of convertible notes.

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10X Capital Venture III (VCXB) Signs LOI with Sparks Energy

10X Capital Venture Acquisition Corp. III (NYSE:VCXB) included in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with Sparks Energy.

Sparks is a leader in storm response and energy restoration management with qualified crews for overhead and underground distribution, transmission, substation and row operations.

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Figure Acquisition Corp. I (FACA) Signs Non-Binding LOI

Figure Acquisition Corp. I (NYSE:FACA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with an unnamed warehouse lender and bank holding company.

The press release kept details to a minimum on the target, but disclosed that the bank is a $3-5 billion asset holding company that provides home loans to communities across the nation.

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The Latest SPAC News and Rumors: December 8, 2022

 


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

Latest SPAC News: Palihapitiya blames Fed for crushing the blank-check bubble, and Hong Kong is set to regain top-three IPO ranking in 2022


SPAC king Chamath Palihapitiya says the Fed crushed the bubble in blank-check firms

The Fed crushed the bubble in special purpose acquisition companies, Chamath Palihapitiya said, deflecting blame for the poor performance of companies he took public in recent years.

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PHP Ventures Acquisition Corp. (PPHP) to Combine with Modulex in $600M Deal

PHP Ventures Acquisition Corp. (NASDAQ: PPHP) has entered into a definitive agreement to combine with ConstrucTech company Modulex Modular Buildings Plc (“Modulex”) at a valuation of $600 million. UK-based Modulex manufactures 3D volumetric steel modular buildings and harnesses emerging technologies to meet housing and infrastructure needs. The combined company is expected to trade on the
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