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Author: Marlena Haddad

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The Latest SPAC News and Rumors: December 1, 2022

Dec 1, 2022 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:  NYSE president says IPO proceeds fall more than 90% while Nasdaq president remains hopeful for 2023, and Giuliani brothers sell pharma stocks as they invest in biotech SPACs

NYSE president says IPO proceeds fall more than 90%

Volatility and market uncertainty have taken a big hit on the number of companies going public, driving down initial public offering proceeds by 93% this year, Lynn Martin, president of the New York Stock Exchange said on Wednesday.

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InterPrivate II Acquisition Corp. (IPVA) Tweaks Bonus Shares

Dec 1, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

InterPrivate II Acquisition Corp. (NYSE:IPVA) disclosed this morning that it has restructured its bonus share agreement in connection to its proposed merger with carsharing marketplace Getaround.

The parties previously agreed to reserve and set aside the bonus shares, consisting of 9,333,333 shares, to be allocated to the non-redeeming public stockholders, the designees of EarlyBirdCapital and the holders of the Class B Stock.

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Pacifico Acquisition Corp. (PAFO) Shareholders Approve Caravelle Deal

Nov 30, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Pacifico Acquisition Corp. (NASDAQ:PAFO) disclosed this afternoon that its shareholders have approved its business combination with sustainable shipping company Caravelle during a special meeting held earlier today.

At today’s special meeting, 6,194,813 shares voted by proxy or in person, representing 82.65% of the total outstanding shares.

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The Latest SPAC News and Rumors: November 30, 2022

Nov 30, 2022 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:  Lordstown Motors begins shipping Foxconn-made EV pickup trucks, AUM Biosciences receives FDA Orphan Drug Designation, and Newsight Imaging selected for FastLane commercialization program

Lordstown Motors begins shipping its Foxconn-made EV pickup trucks

Lordstown Motors (NASDAQ:RIDE) has starting shipping its all-electric Endurance pickup trucks manufactured by Foxconn, a milestone that seemed impossible earlier this year.

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InterPrivate II Acquisition Corp. (IPVA) Arranges Non-Redemption Agreement

Nov 30, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

InterPrivate II Acquisition Corp. (NYSE:IPVA) announced this morning that it has entered into a non-redemption agreement with the Magnetar Funds in connection to its proposed merger with carsharing marketplace Getaround.

Pursuant to the agreement, each non-redeeming stockholder agreed that it will not redeem an amount of shares of Class A Common Stock up to an aggregate of 1,550,000 shares.

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New SPAC: Horizon Space Acquisition 1 Corp. Files for $60M IPO

Nov 29, 2022 Headline Post, INTEL, New S-1 Filings by Marlena Haddad
Horizon Space Acquisition 1 Corp. (NASDAQ:HSPO) filed its S-1 this afternoon for a $60 million IPO as the fifth SPAC to file for an IPO in November thus far. Although the new company’s efforts to identify a prospective target business are not limited to a particular industry or geographic location, Horizon Space 1 has significant ties
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The Latest SPAC News and Rumors: November 29, 2022

Nov 29, 2022 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:  Faraday Future ousts its CEO and Hyzon Motors SPAC board is sued over ‘outlandish’ deal hype

EV SPAC Faraday Future ousts its CEO

Faraday Future (NASDAQ:FFIE), the troubled EV startup-turned-publicly-traded company, has shuffled its executive ranks once again.

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The Latest SPAC News and Rumors: November 28, 2022

Nov 28, 2022 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:  Virgin Galactic appoints new top lawyer, Trump Media SPAC rises after investors approve merger deadline extension, and Al Maadeed to be first Qatari to list company on NYSE

Virgin Galactic, Preparing for Liftoff, Appoints New Top Lawyer

Virgin Galactic Holdings Inc.

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Venus Acquisition Corp. (VENA) Secures $25M Backstop for VIYI Algorithm Deal

Nov 23, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Venus Acquisition Corp. (NASDAQ:VENA) announced this afternoon that it has secured an investor for a backstop agreement in connection to its business combination with VIYI Algorithm.

Venus and its sponsor, Yolanda Management Corporation, entered into a backstop agreement with Joyous JD Limited to purchase VENA shares from third parties through a broker in the open market, or through privately negotiated transactions, including from SPAC shareholders that had elected to redeem shares.

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The Latest SPAC News and Rumors: November 23, 2022

Nov 23, 2022 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: Cilo Cybin flops after failing to lure South Africa investors, DWAC wins shareholder support for one year extension, and Watersight adds global companies to AquaRing pilot program

Cannabis SPAC Flops After Failing to Lure South Africa Investors

Cilo Cybin Holdings Ltd.,

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ACE Convergence Acquisition Corp. (ACEV) Shareholders Approve Tempo Deal

Nov 23, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

ACE Convergence (NASDAQ:ACEV) announced this morning that its shareholders have approved its business combination with electronics manufacturer Tempo during a special meeting held on November 17.

The SPAC did not disclose redemption amounts, but shares of ACEV traded above its trust value of $10 throughout its redemption deadline November 15.

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Hainan Manaslu Acquisition Corp. (HMAC) to Combine with Able View Inc. in $400M Deal

Nov 22, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
Hainan Manaslu Acquisition Corp. (NASDAQ:HMAC) has entered into a definitive agreement to combine with brand management company Able View at an estimated enterprise value on a pro-forma basis of approximately $400 million. Shanghai-based Able View is a cross-border brand management company focusing on beauty and personal care segments. The combined company is expected to trade on the Nasdaq
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The Latest SPAC News and Rumors: November 22, 2022

Nov 22, 2022 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: GloriFi to shut down, BM Technologies’ acquisition of Seattle community bank pushed to 2023, and Core Scientific loses $1.7 billion

Texas-based fintech firm GloriFi to shut down

Texas-based fintech firm GloriFi is shutting down and laid off most of its employees, the Wall Street Journal reported on Monday, citing people familiar with the matter.

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