G Squared Ascend I Inc. (GSQD) Amends Transfix Deal

G Squared Ascend I Inc. (NYSE:GSQD) announced this afternoon that it has amended its business combination agreement and FPA in connection to its proposed merger with digital freight platform Transfix.

Under the amended business combination agreement, the parties have extended the outside date to November 3, 2022, increased the minimum cash closing condition from $150 million to $200 million, and permitted Transfix to enter into preliminary discussions to issue equity securities to third parties as consideration in an acquisition.

The Latest SPAC News and Rumors: June 13, 2022

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

Latest SPAC News: Electric Last Mile plans to liquidate, Mondee partners with EBG, and federal regulators deepen probe into Trump’s social media deal

EV-Truck Startup Electric Last Mile Says It Plans to Liquidate

Electric Last Mile Solutions Inc.

Biotech Acquisition Company (BIOT) Terminates Blade Deal

Biotech Acquisition Company (NASDAQ:BIOT) announced this morning that it has mutually terminated its combination agreement with biopharmaceutical firm Blade Therapeutics.

Although the parties did not disclose the reason for the deal termination, it is likely due to unfavorable market conditions or difficulty satisfying closing conditions.

8i Acquisition 2 Corp. (LAX) Amends EUDA Health Deal

8i Acquisition 2 (NASDAQ:LAX) announced this afternoon that it has amended its Share Purchase Agreement in connection to its business combination with digital health firm EUDA to reduce its consideration payable, and limit the available earn-out payment.

The Latest SPAC News and Rumors: June 10, 2022

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

Latest SPAC News: Singapore’s Kacific in talks for $1B merger and Faraday Future catches attention from DoJ

Singapore’s Kacific in Talks for $1 Billion SPAC Merger, Sources Say

Kacific Broadband Satellites Ltd.

Tuatara Capital (TCAC) Shareholders Approve springbig Deal

Tuatara Capital Acquisition Corp. (NASDAQ:TCAC) announced that its shareholders have voted to approve its combination with cannabis software company springbig in a special meeting held earlier today.

The SPAC saw about 95.6% of its shares redeemed in connection with the vote however, leaving 876,194 public shares remaining, according to the 8-K it filed this morning.

Silver Spike Acquisition Corp. II (SPKB) Terminates Eleusis Deal

Silver Spike Acquisition Corp. II (NASDAQ:SPKB) announced this afternoon that it has mutually terminated its combination agreement with therapeutic psychedelic firm Eleusis.

Similar to a handful of other SPACs we’ve seen, Silver Spike II cited unfavorable market conditions as the key reason behind the termination.

The Latest SPAC News and Rumors: June 9, 2022

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

Latest SPAC News: D-Orbit signs contract with European Space Agency and Polestar begins delivering on EV partnership with Hertz

D-Orbit Signs Contract with the European Space Agency (ESA) for the Improvement of Production Capabilities Related to Space Transportation

D-Orbit, the space logistics and transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp.

Forge (FRGE) Announces Redemption of Warrants

Forge Global (NYSE:FRGE) announced this morning that it will be calling its outstanding warrants and forward purchase warrants for shares to streamline its capital structure.

The public warrants are currently exercisable for an aggregate of 18,466,604 shares of common stock at a price of $11.50 per share.

Globis (GLAQ) Delays Vote & Adds FPA to Forafric Deal

Globis Acquisition Corp. (NASDAQ:GLAQ) announced this morning in an 8-K that it has postponed its shareholder meeting and has added a new forward purchase agreement (“FPA”) to its combination with African agribusiness Forafric.

Altitude (ALTU) Arranges Non-Redemption Agreement

Altitude Acquisition Corp. (NASDAQ:ALTU) announced this afternoon that it has entered into a non-redemption agreement alongside certain shareholders who supported the recent proposal to extend the time ALTU has to complete its initial business combination.

Freedom I’s Sponsor Sells Entire Interest to NextG Tech Limited

Freedom Acquisition I Corp. (NYSE:FACT.U) announced this afternoon that a former member of its sponsor, LVS III SPE XLIII LP, has sold its entire interest to NextG Tech Limited.

Freedom I, which included PIMCO in the sponsor group, still has nearly nine months left to find an acquisition with a deadline date of March 2, 2023.

The Latest SPAC News and Rumors: June 8, 2022

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

Latest SPAC News: Getaround expands operations in Seattle, Better faces whistle-blower lawsuit, and Voltus to provide distributed energy resources to relieve grid shortages in U.S.

Dynamics Special Purpose Corp. (DYNS) Shareholders Approve Senti Biosciences Deal

Dynamics (NASDAQ:DYNS) announced in an 8-K filing this afternoon that its shareholders have voted to approve its combination with Gene Circuit company Senti Biosciences in a special meeting held earlier today.

Oaktree II (OACB) Shareholders Approve Alvotech Deal

Oaktree II (NYSE:OACB) announced that its shareholders have voted to approve its combination with biopharma company Alvotech in a special meeting held earlier today.

Today’s press release did not disclose redemption amounts, but OACB closed today at $9.86.

The Latest SPAC News and Rumors: June 7, 2022

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

Latest SPAC News: Westrock Coffee reports 1Q results and upsizing of new credit facility, Polestar to debut first electric performance SUV, and Safe Harbor Financial closes senior secured loan to Solar Cannabis Co.

SVF Investment Corp. 3 (SVFC) Shareholders Approve Symbotic Deal

SVF 3 (NASDAQ:SVFC) announced that its shareholders have voted to approve its combination with AI supply chain technology firm Symbotic in a special meeting held earlier today.

Today’s 8-K disclosed that holders of 27,459,854 Class A ordinary shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.00 per share.

Altitude Acquisition Corp. (ALTU) Postpones Shareholder Vote

Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has postponed its special meeting to extend its timeline for an initial business combination.

The SPAC has 18 months to complete a business combination with a deadline of June 11, 2022 quickly approaching.