Waldencast Acquisition Corp. (NASDAQ:WALD) announced in an 8-K that its shareholders approved its combination with beauty brands OBAGI and Milk at a special meeting July 25.
In connection with the vote, 30,021,946 shares (87%) were redeemed, removing about $301 million from its trust.
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Abri SPAC I, Inc. (NASDAQ: ASPA) announced this afternoon that it has mutually terminated its combination with blockchain technology company Apifiny Group.
Abri I intends to seek an alternative business combination. And while Abri I currently has a transaction deadline of August 12, it is able to extend its original 12 months timeline two times (2x) for three months each by contributing $0.10 per share to its trust each time.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Gobi Acquisition Corp. (Nasdaq:GOBI) announced this afternoon that its shareholders have approved its move to shrink its timeline and the SPAC now intends to liquidate its trust.
The Trust Amendment Proposal was overwhelmingly approved with 30,526,358 shares in favor of changing the date of the liquidation with just 783 shares against it.
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Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has extended its outside date and increased its equity value in connection to its business combination with metaverse infrastructure platform, InfiniteWorld.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital entertainment and esports brand FaZe Clan (NASDAQ:FAZE) began trading on the Nasdaq Wednesday after completing a SPAC merger with B.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
NewAmsterdam Pharma BV, a biotechnology company that aims to treat metabolic diseases, is in talks to go public through a merger with blank-check firm Frazier Lifesciences Acquisition Corp.(NASDAQ:FLAC),
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CC Neuberger Principal Holdings II (NYSE:PRPB) announced this morning that its shareholders approved its combination with visual content marketplace Getty, at a special meeting July 19.
The parties did not disclose redemption figures in either their press release or initial 8-K on the vote.
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East Resources Acquisition Company (NASDAQ:ERES) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a vertically integrated alternative asset manager.
The SPAC did not provide a name of the asset manager, but noted that the target specializes in insurance products, with a focus on origination, asset management, valuation and servicing.
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Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) announced this afternoon that it has mutually terminated its combination agreement with automotive component manufacturer United Gear & Assembly.
The termination comes just two weeks after AEHA secured a common stock purchase agreement and not even two months after deal announcement.
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Alpine Acquisition Corporation (NASDAQ:REVE) announced this afternoon that it will issue a dividend to holders of Alpine’s common stock who do not seek redemption at its business combination with experiential entertainment company Two Bit Circus (“TBC”).
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A federal probe of Donald Trump’s social media deal is putting a spotlight on Rocket One Capital, an obscure private equity firm with no obvious connection to the transaction beyond a board member.
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ArcLight Clean Transition Corp. II (NASDAQ:ACTD) announced that at a special meeting Friday its shareholders have approved its combination with renewable gas producer OPAL Fuels.
The parties’ press release included scant details and made no mention of redemption figures.
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Waldencast Acquisition Corp. (NASDAQ:WALD) announced this afternoon that it has tacked on an additional $5 million PIPE for its combination with beauty brands OBAGI and Milk.
The PIPE investors will be subject to the same terms as the Initial PIPE Investors and have collectively subscribed for 500,000 shares of Waldencast Common Stock for an aggregate purchase price equal to $5 million.
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ITHAX Acquisition Corp. (NASDAQ:ITHX) announced that at a special meeting today its shareholders have approved its combination with technology-first travel marketplace company Mondee.
Approximately 75.13% of total outstanding shares voted at today’s meeting and the approval was supported by 69.63% of the shares.
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Crown PropTech (NYSE:CPTK) announced this afternoon that a PIPE investor, which was contributing $68 million, will terminate its funding in connection to its proposed merger with smart building solutions provider Brivo.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
British electric vehicle company Arrival SA said on Tuesday it planned to reorganise its business, which could result in up to 30% reduction in its workforce.
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