Author: Marlena Haddad

latest-news

The Latest SPAC News and Rumors: October 26, 2022

 


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

Latest SPAC News: Saudi stock exchange CEO sees strong IPO pipeline, and Grove Collaborative products now available at more than 4,000 stores


Saudi stock exchange CEO sees strong IPO pipeline in busy year

The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales. “What

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cardio-diagnostics

Mana Capital Acquisition Corp. (MAAQ) Shareholders Approve Cardio Diagnostics Deal

Mana Capital (NASDAQ:MAAQ) announced this morning that its shareholders approved its combination with biopharmaceutical firm Cardio Diagnostics in a special meeting held yesterday.

The press release did not disclose redemption amounts, but MAAQ traded below its trust value of $10 throughout its redemption deadline October 21, and closed yesterday at a low of $5.99.

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Endurance Acquisition Corp. (EDNC) Shareholders Approve Satixfy Deal

Endurance Acquisition Corp. (NASDAQ:EDNC) announced this afternoon that its shareholders approved its combination with satellite company Satixfy at a special meeting held yesterday.

The SPAC announced in an 8-K at the beginning of the week that it has added additional financing to its deal in the form of a prepaid forward transaction wherein the investor will purchase up to 10,000,000 shares.

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Provident Acquisition Corp. (PAQC) Shareholders Approve Perfect Corp. Deal

Provident Acquisition Corp. (NASDAQ:PAQC) announced this afternoon that its shareholders have approved its combination with beauty tech brand Perfect Corp. at a special meeting held earlier today.

The press release did not disclose redemptions, however, Provident now expects the business combination to provide Perfect with approximately $118.5 million in gross proceeds.

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Venus Acquisition Corp. (VENA) Shareholders Approve VIYI Algorithm Deal

Venus Acquisition Corp. (NASDAQ:VENA) announced in an 8-K this afternoon that its shareholders have approved its combination with VIYI Algorithm at a special meeting held on October 21.

A total of 5,312,658 shares of VENA’s common stock, representing approximately 87.81% of the issued and outstanding shares were present at the meeting.

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Bannix Acquisition Corp. (BNIX) Sponsor Sells Interest to Instant Fame LLC

Bannix Acquisition Corp. (NASDAQ: BNIXU) management and sponsors have sold a total of 475,000 shares of common stock to Instant Fame LLC resulting in a change in leadership.

The sponsor, Suresh Yezhuvath, CFO Nicholas Hellyer, and directors of the company, Balaji Venugopal Bhat, Subbanarasimhaiah Arun, Vishant Vora, sold an aggregate of 385,000 shares of BNIX while Suresh Yezhuvath sold 90,000 private placements units in the private transaction.

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latest-news

The Latest SPAC News and Rumors: October 24, 2022

 


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

Latest SPAC News: Archer Aviation plans to build 250 air taxis in 2025, and NextChem awards LanzaTech an engineering contract


Archer Aviation plans to build 250 air taxis in 2025

Archer Aviation Inc (NYSE:ACHR) said it aims to make about 250 battery-electric air taxis in 2025 and scale up production in the following years, after setting a goal of getting its aircraft certified by the end of 2024.

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selina

BOA Acquisition Corp. (BOAS) Shareholders Approve Selina Deal

BOA Acquisition Corp. (NYSE:BOAS) announced this morning that its shareholders have approved its combination with hospitality brand Selina at a special meeting held on Friday.

Holders of approximately 89.7% of BOA’s issued and outstanding shares were present at the special meeting and more than 83% of the votes were cast in favor of the business combination.

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agreement

HNR Acquisition Corp. (HNRA) Inks Common Stock Purchase Agreement

HNR Acquisition Corp. (NYSE:HNRA) announced this afternoon that it has entered into a common stock purchase agreement and a related registration rights agreement with White Lion Capital.

Pursuant to the agreement, HNR has the right, but not the obligation, to require White Lion to purchase up to $150 million in newly issued shares of the company’s Class A common stock.

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latest liquidations

BCLS Acquisition Corp. (BLSA) to Liquidate Trust

BCLS Acquisition Corp. (NASDAQ: BLSA) announced this afternoon that due to its inability to complete a business combination, it intends to dissolve and liquidate its trust.

As of the close of business on October 26, BCLS’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive the per-share redemption price of $10.03 within ten business days.

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latest-news

The Latest SPAC News and Rumors: October 21, 2022

 


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

Latest SPAC News: Boost Mobile founder wants to buy back service, Lavoro partners with Pattern Ag to predict crop risks, and Starry Group lays off half of staff


Boost Mobile Founder Wants to Buy Back Service, Prevent Deal by Dish

The founder of Boost Mobile wants to buy the wireless service back and keep current owner Dish Network Corp.

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Executive Network Partnering Corp. (ENPC) Shareholders Approve Granite Ridge Deal

Executive Network Partnering (NYSE:ENPC) disclosed this afternoon that its shareholders have approved its combination with Texas oil and gas company Granite Ridge at a special meeting held earlier today.

Holders of 30,908,389 shares of ENPC’s Class A common stock, 300,000 shares of ENPC’s Class B common stock, and 828,000 shares of ENPC’s Class F common stock were present at today’s meeting, collectively representing 78.9% of the voting power of ENPC’s outstanding voting capital stock.

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Rose Hill Acquisition Corporation (ROSE) to Combine with Prize in $425m Deal

Rose Hill Acquisition Corporation. (NASDAQ:ROSE) has entered into a definitive agreement to combine with superfruits company Inversiones e Inmobilaria GHC (“Prize”) at an enterprise value of approximately $425 million, or 10.1x 2023E EBITDA. Requinoa, Chile-based Prize is a Latin American producer and distributor of berries and cherries in the Southern Hemisphere with plans to expand internationally for
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