Riverview Acquisition Corp. (NASDAQ:RVAC) announced in an 8-K filing this afternoon that about 73.5% of its shares were redeemed ahead of its vote to complete its combination with coffee and tea supplier Westrock Coffee.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
E.Merge Technology Acquisition Corp. (NASDAQ: ETAC) announced this afternoon that it intends to dissolve and liquidate its trust due to its inability to complete a business combination.
The SPAC anticipates that the public shares will cease trading as of the close of business on September 4, 2022, and will redeem all of its outstanding shares from its IPO for approximately $10.06 per share.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Today, the video-sharing platform Rumble announced the launch of the beta version of Rumble Ads, which will be open to all verified businesses.
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Social Capital Suvretta I (NASDAQ:DNAA) announced in an 8-K this afternoon that its shareholders have approved its combination with digital medicine company Akili Interactive at a special meeting held yesterday.
Approximately 99.09% of DNAA shareholders opted to redeem their shares, leaving just 227,252 shares left in the SPAC’s trust.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Hyzon Motors (NASDAQ:HYZN) has ousted CEO Craig Knight because of a financial quagmire over how the trucking fuel cell maker reported revenue in China and managed internal financial controls.
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Silver Crest (NASDAQ:SLCR) announced in an 8-K this morning that its shareholders have approved its combination with TH International at a special meeting yesterday.
About 99% of shareholders opted to redeem shares, however, which is the highest amount since CC Neuberger II closed its combination with Getty Images (NYSE:GETY) last month.
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Bright Lights (NASDAQ:BLTS) announced this afternoon that it has mutually terminated its combination with MANSCAPED, effective immediately.
On August 15, 2022, BLTS received a letter from Manscaped purporting to terminate the BCA and the parties entered into the termination agreement today.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The US audit regulator, the Public Company Accounting Oversight Board, released on Wednesday a list of questions and topics that corporate boards should consider reviewing with their auditor.
Software Acquisition Group Inc. III (NASDAQ:SWAG) announced this morning that it intends to enter into a purchase agreement with a financial institution in connection with its combination with Commerce-as-a-Service technology provider Nogin.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The International Finance Corporation, Cultivo, Aspiration, and Chia Network, today announced the launch of the Carbon Opportunities Fund (the Fund), a global investment platform that will raise private capital for an innovative model to source, tokenize and sell high-quality, verified carbon credits.
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Crown PropTech (NYSE:CPTK) filed an 8-K this afternoon revealing that its target Brivo intends to terminate their combination agreement.
Last week, Crown received a notice of election from Brivo, that the building solutions provider had elected to terminate the deal since it had not been completed by August 9, the “Outside Date”.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Venture capital giant Andreessen Horowitz said on Monday it would be investing in Adam Neumann’s residential real estate company Flow, backing the WeWork Inc (NYSE:WE) co-founder who has often drawn criticism for his allegedly erratic management style.
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
10X Capital II (NASDAQ:VCXA) announced this morning that it has mutually terminated its combination with crypto mining hardware firm PrimeBlock.
While the parties did not give a reason for terminating the deal just months after announcement, it is likely due to unfavorable market conditions as this marks the 6th termination in August thus far.
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Edoc Acquisition Corp. (NASDAQ:ADOC) announced this afternoon that it has mutually terminated its combination with biotechnology firm Calidi Biotherapeutics, Inc.
This morning, Edoc filed an 8-K notifying shareholders that it had postponed its scheduled extension vote from 10AM to 8PM this evening.
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East Stone Acquisition Corp. (NASDAQ:ESCC) has tacked on yet another $200 million to its PIPE for its combination with EV-maker ICONIQ, bringing the total PIPE now to $600 million.
As background, East Stone brought an estimated $33.5 million into the deal from its current trust and originally supplemented this with a $200 million PIPE at $10.26 per share from an unnamed investor.
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Broadscale Acquisition Corp. (NASDAQ:SCLE) announced this afternoon that it has mutually terminated its combination with software engineering platform Voltus.
On Monday, August 8, Voltus informed Broadscale that it would be unable to complete all actions necessary in order for its registration statements to be effective prior to its agreement end date.
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