Author: Marlena Haddad

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The Latest SPAC News and Rumors: September 26, 2022

 


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

Latest SPAC News: Law professor takes deal sponsor to court, and CEO of Wisk Aero predicts electric air taxi shakeout


Enemy of the SPAC: Law Professor Takes Deal Sponsors to Court

Stanford Law Professor Michael Klausner toiled in academic obscurity for decades until 2020, when he wrote a paper slamming special purpose acquisition companies as a rip-off of everyday investors.

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GX Acquisition Corp. II (GXII) to Combine with NioCorp in $313.5M Deal

GX Acquisition Corp. II (NASDAQ:GXII) has entered into a definitive agreement to combine with critical minerals firm NioCorp Developments Ltd. (TSX: NB) ( OTCQX: NIOBF) at an enterprise value of $313.5 million. Centennial, Colorado-based NioCorp is a mineral development company focused on developing several critical minerals from the proposed Elk Creek, Nebraska Critical Minerals Mine. The combined company is
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Silver Crest (SLCR) Revises Redemption Numbers for Tim Hortons China Deal

Silver Crest (NASDAQ:SLCR) disclosed in an 8-K this afternoon that it has revised its shares presented for redemption in connection with its combination with Tim Horton International (“THIL”)

Although Silver Crest held its special meeting to vote on its proposed merger on August 19, shareholders had until August 29 to reverse their redemption decisions.

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The Latest SPAC News and Rumors: September 23, 2022

 


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

Latest SPAC News: SPAC deal makes CEO of Rumble a billionaire, Cano Health explores sale after receiving buyout interest, and Givaudan and LanzaTech announce collaboration 


SPAC Deal Makes CEO of Conservative Video Platform a Billionaire 

A SPAC deal has made the founder of a conservative social media platform a billionaire — and it’s not Donald Trump.

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The Latest SPAC News and Rumors: September 21, 2022

 


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

Latest SPAC News:  Cano Health buys Doctor’s Medical Center for $300M, Ouster lays off 10% of staff, and Coeptis enters license agreement with University of Pittsburgh 


Cano Health buys Doctor’s Medical Center for $300M to cement its primary care business in Florida

Miami-based Cano Health announced today the acquisition of fellow primary care provider Doctor’s Medical Center in a bid to grow its Medicare, Medicaid and Affordable Care Act (ACA) exchange memberships in South Florida.

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North Mountain Merger Corp. (NMMC) to Liquidate Trust

North Mountain Merger Corp. (NASDAQ:NMMC) announced in a press release this afternoon that it will not be able to complete a business combination and will instead liquidate its trust.

The SPAC, which had 24 months on its clock to complete a deal, will cease trading on September 30 and shareholders are expected to receive their pro rata share of the trust estimated at $10.00 per share.

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The Latest SPAC News and Rumors: September 19, 2022

 


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

Latest SPAC News:  DWAC fails to pay proxy solicitors, and Ocean Biomedical discovers new therapy that can potentially kill cancerous cells


Trump SPAC fails to pay proxy firm despite tough hunt for votes, Financial Times reports

Executives behind a SPAC Digital World Acquisition Corp (NASDAQ:DWAC) that plans to take Donald Trump’s media business public have failed to pay their proxy solicitors, The Financial Times reported on Saturday.

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AEA-Bridges Impact Corp. (IMPX) Shareholders Approve LiveWire Deal

AEA-Bridges Impact Corp. (NYSE:IMPX) announced in an 8-K this afternoon that its shareholders approved its combination with Harley-Davidson’s (NYSE:HOG) electric motorcycle division LiveWire at a special meeting held earlier today.

Holders of 35,761,579 ordinary shares were present in person or by proxy at today’s meeting, representing approximately 71.52% of IMPX’s voting power.

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New SPAC: Four Leaf Acquisition Corp. Files for $65M IPO

Four Leaf Acquisition Corp. (NASDAQ:FORL) filed its S-1 on Tuesday for a $65 million IPO as the second SPAC to file for an IPO in September thus far. The SPAC intends to pursue an acquisition of a company focused on the Internet of Things (“IoT”) and adjacent technologies that target the IoT market such as devices,
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The Latest SPAC News and Rumors: September 16, 2022

 


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

Latest SPAC News:  Byju’s delayed audit shows widening losses and ProSomnus announces availability of insurance reimbursement 


Byju’s reports widening losses after prolonged audit delayed

Indian education provider Byju’s finally released audited financial statements after months of delay, but the disclosures are unlikely to resolve the swirl of controversy around the country’s most valuable startup.

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Recharge Acquisition Corp. (RCHG) to Liquidate Trust

Recharge Acquisition Corp. (NASDAQ:RCHG) announced this afternoon that it intends to dissolve and liquidate its trust after being unable to complete a business combination.

The SPAC had a transaction deadline set for October 5, but will now redeem all of its outstanding shares of Class A common stock issued as part of the units sold in its IPO at a per-share redemption price of approximately $10.12. As

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CF Acquisition Corp. VI (CFVI) Shareholders Approve Rumble Deal

CF Acquisition Corp. VI (NASDAQ:CFVI) announced in a press release this afternoon that its shareholders approved its combination with social video platform Rumble at a special meeting held earlier today.

The SPAC disclosed that only 0.1% of the 30 million CFVI public shares were redeemed in connection with the meeting, marking the best redemption result of the year to-date.

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The Latest SPAC News and Rumors: September 15, 2022

 


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

Latest SPAC News: Saxo Bank explores Amsterdam listing with SPAC, FaZe Clan enters Metaverse in partnership with The Sandbox, and Graphjet-Energem SPAC collaborates with MIT 


Saxo Bank Explores Amsterdam Listing with SPAC Deal

Denmark-headquartered broker, Saxo Bank announced its intentions on Thursday to become a public company by merging with the blank-check company, Disruptive Capital Acquisition Company Limited (DCAC).

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New SPAC: dMY Squared Technology Group, Inc. Files for $75M IPO

dMY Squared Technology Group, Inc. (NYSE:DMYY) filed its S-1 on Monday for a $75 million IPO as the first SPAC to file for an IPO in September. The SPAC intends to focus its search for an initial business combination on companies within the professional service industry that provide accounting, legal, financial, advisory or other services to
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