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Author: Marlena Haddad

Frazier Lifesciences Acquisition Corp. (FLAC) Shareholders Approve NewAmsterdam Pharma Deal

Nov 15, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Frazier Lifesciences (NASDAQ:FLAC) announced this morning that its shareholders have approved its business combination with biotech firm NewAmsterdam Pharma Holding during a special meeting today.

The SPAC disclosed that holders of approximately 32% of FLAC Class A ordinary shares exercised their right to redeem their shares for cash, significantly lower than the average redemption rate for completed deals this year at 83.99%.

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The Latest SPAC News and Rumors: November 15, 2022

Nov 15, 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: Elliott discloses new stake in Clarivate, Virusight and Technogenetics expand collaboration, and Apollomics receives FDA Orphan Drug Designation  

Elliott Takes Stake in Clarivate With Take-Private Wave Rising

Elliott Investment Management disclosed a new stake in Clarivate Plc (NYSE:CLVT) amid a wave of take-private transactions in the information services sector.

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Kingswood Acquisition Corp. (KWAC) Adjourns Extension Vote

Nov 14, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Kingswood Acquisition Corp. (NYSE:KWAC) announced this morning that it is adjourning tomorrow’s special meeting from November 15, to November 18.

Similar to the issues Digital World (Nasdaq: DWAC) is having with its own extension vote, Kingswood disclosed that the meeting is being adjourned in order to solicit more votes toward the approval to further extend to May 24, 2023.

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TLG Acquisition One Corp. (TLGA) to Combine with Electriq Power in $620M Deal

Nov 14, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
TLG Acquisition One Corp. (NYSE:TLGA) has entered into a definitive agreement to combine with energy storage provider Electriq Power at a pro forma enterprise value of $620 million, or 4.6x 2023E revenue. The West Palm Beach, Florida-based company provides intelligent energy storage and management solutions for residential and businesses across the U.S. The combined company is expected
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New SPAC: Pono Capital Three, Inc. Files for $100M IPO

Nov 11, 2022 Headline Post, INTEL, New S-1 Filings by Marlena Haddad
Pono Capital Three, Inc. (NASDAQ:PTHR) filed its S-1 yesterday afternoon for a $100 million IPO as the third SPAC to file for an IPO in November thus far. The SPAC will seek a target in the disruptive technology sector with a spotlight on companies in Asia with Japan in particular. Pono Capital Three has stated that
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New SPAC: Alkaid Acquisition Corp. Files for $50M IPO

Nov 11, 2022 Headline Post, INTEL, New S-1 Filings by Marlena Haddad
Alkaid Acquisition Corp. (NASDAQ:ALKD) filed its S-1 yesterday afternoon for a $50 million IPO, marking the fourth SPAC to file for an IPO in November thus far. Although the new SPAC’s efforts to identify a target business will not be limited to a particular industry or geographic region, it intends to focus on the Internet
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The Latest SPAC News and Rumors: November 11, 2022

Nov 11, 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: Polestar Q3 loss narrows, DWAC has wild ride triggered by midterm elections, and Cvent partners with Zoom for live events

Polestar Q3 loss narrows, expects hit from rising costs

Polestar (NASDAQ:PSNYW) on Friday reported a smaller third-quarter operating loss as revenue more than doubled and the company cut spending, sending shares soaring 29% in early trading.

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The Latest SPAC News and Rumors: November 10, 2022

Nov 10, 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: Forbes enters into exclusive buyout talks with investor group, Intuitive Machines mission control cleared to track Artemis I, and court partially rebukes securities suit against Virgin Galactic SPAC deal

Forbes enters into exclusive buyout talks with investor group 

Business news and information publisher Forbes said on Wednesday it has entered into “exclusive discussions” with an investor consortium for the sale of the company.

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Athlon Acquisition Corp. (SWET) to Liquidate Trust

Nov 9, 2022 Headline Post, INTEL by Marlena Haddad

Athlon Acquisition Corp. (NASDAQ: SWET) announced in a press release this morning that due to its inability to complete a business combination, it will dissolve and liquidate its trust.

The SPAC, which originally had a completion deadline of January 14, will now redeem all of the outstanding shares of Class A common stock that were included in the units issued in its IPO at an estimated per-share redemption price of $10.06.

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New SPAC: AlphaVest Acquisition Corp. Files for $60M IPO

Nov 8, 2022 Headline Post, INTEL, New S-1 Filings by Marlena Haddad
AlphaVest Acquisition Corp. (NASDAQ:ATMV) filed its S-1 Friday afternoon for a $60 million IPO as the second SPAC to file for an IPO in November thus far. The new company intends to initially focus its search on target businesses in Asia. However, AlphaVest will not acquire a target with operations in China consolidated through a variable interest
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