Alpha Star Acquisition Corp. (NASDAQ:ALSA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with global payments and SaaS provider Cyclebit Group.
Founded in 2012, Cyclebit builds technology across the payments sector including card acquiring, point-of-sale services and marketplace solutions.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Grindr LLC, the dating app that specializes in connections for the LGBTQ+ community, has named George Arison its new chief executive officer, fulfilling a pledge to appoint someone who identifies with that group to lead the company as it prepares to go public.
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Adit EdTech (NYSE:ADEX) announced this afternoon that it has inked a share purchase agreement with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited that will provide up to $200 million to its combination with bitcoin self-mining company Griid Infrastructure.
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Delwinds Insurance (NYSE:DWIN) announced in a press release this afternoon that it will be entering into a forward purchase agreement with an institutional investor and its affiliates in connection to its proposed merger with FOXO Technologies.
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Kensington Capital Acquisition Corp. IV (NYSE:KCAC) announced that it has once again secured an additional PIPE for its business combination with Amprius Technologies, Inc, just days after entering into agreements worth $15.525 million.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Trevor Milton sold investors on the idea his company was building the truck of the future.
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Kensington Capital Acquisition Corp. IV (NYSE:KCAC) announced that it has tacked on an additional PIPE for its business combination with Amprius Technologies, Inc, just days after securing $13.375 million through a number of investors.
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Golden Path (NASDAQ:GPCO) announced this afternoon that its shareholders have approved its combination with holographic technology services firm MC Hologram at a special meeting held yesterday.
At the meeting, a total of 6,059,142 shares of GPCO, representing approximately 81.24% of the issued and outstanding shares of the company’s common stock, were present, constituting a quorum.
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First Light (NYSE:FLAG) has adjourned its special meeting held today to September 13, at 10:00 a.m. EST, without finalizing its shareholder vote.
Today’s special meeting was being held to consider the proposal of amending and extending FLAG’s transaction deadline by which it must complete its initial business combination.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Africa is about to get its first listing of a medical cannabis-focused SPAC when Cilo Cybin Holdings Ltd.
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Artemis Strategic Investment Corp. (NASDAQ:ARTE) announced this morning that it has made several changes to its business combination agreement in connection to its proposed merger with global gaming company Logflex MT Holding Limited, doing business as Novibet.
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EF Hutton Acquisition Corp. I priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EFHTU” Friday, September 9, 2022.
The new SPAC intends to identify targets within the consumer and retail industry that have an enterprise value in the range of $400 million to $1 billion.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Cohn Robbins (NYSE:CRHC) announced this afternoon that its shareholders have approved its combination with Swiss lottery operator Allwyn at a special meeting held earlier today.
Approximately 66.7% of the total outstanding shares of CRHC participated in the vote and the business combination received support from over 99.2% of the shares voted at today’s meeting.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The US Securities and Exchange Commission sued an investment firm on Tuesday for failing to properly disclose conflicts of interest tied to SPACs– the latest example of Wall Street’s main regulator clamping down on the once white-hot market.
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CleanTech (NASDAQ:CLAQ) disclosed this afternoon that its shareholders approved its combination with subsea robot company Nauticus at a special meeting held earlier today.
But, the 8-K filing also disclosed that stockholders holding 361,986 shares of common stock exercised their right to redeem for a portion of the funds in CLAQ’s trust account.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Investors dumped shares of Digital World Acquisition Corp.
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Lux Health Tech Acquisition Corp. (NASDAQ:LUXA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a leading life sciences company.
The SPAC kept the details pertaining to the unnamed target to a minimum, but disclosed that the company has an experienced executive and scientific leadership team that has built an extensive technology platform with multiple programs in development.
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