The Latest SPAC News and Rumors: July 17, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The Latest Non-Redemption Agreements: July 14, 2023
Latest Non-Redemption Agreements: Portage Fintech
Portage Fintech Acquisition Corporation (PFTA) Adds Non-Redemption Agreement
On July 14, 2023, Portage Fintech Acquisition Corporation (NASDAQ:PFTA) and its sponsor entered into non-redemption agreements with certain unaffiliated third parties in exchange for the Holder or Holders agreeing either not to request redemption in connection with the Extension or to reverse any previously submitted redemption demand in connection with the Extension with respect to an aggregate of 200,000 Class A ordinary shares.
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The Latest Liquidations: July 14, 2023
Latest SPAC Liquidations: Sustainable Development Acquisition I Corp.
Sustainable Development Acquisition I Corp. (SDAC) to Liquidate on July 21
Sustainable Development Acquisition I Corp. (NASDAQ: SDAC) announced today that the directors of the company have determined to dissolve and liquidate the company.
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Digital Health Corp. (DHAC) Terminates PIPE
Digital Health Acquisition Corp (NASDAQ:DHAC) announced in an 8-K this afternoon that its PIPE investors will not close the financing in connection with its business combination with telehealth software firm VSee and digital healthcare provider iDoc.
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The Latest SPAC News and Rumors: July 14, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Intuitive Machines successfully conducts complete spacecraft test run of Nova-C lunar lander
Nova-C Lunar Lander Passes Complete Spacecraft Test Run
Intuitive Machines, Inc.
The Latest Liquidations: July 13, 2023
Latest SPAC Liquidations: Stratim Cloud Acquisition Corp. and Better World Acquisition Corp.
Stratim Cloud Acquisition Corp. (SCAQ) to Liquidate on July 13
As previously disclosed, Stratim Cloud Acquisition Corp. (NASDAQ:SCAQ) mutually terminated its deal with Force Pressure Control.
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Nabors Energy Transition Corp. II (NETD) Prices $300M IPO
Nabors Energy Transition Corp. II priced its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NETDU” Friday, July 14, 2023.
The company intends to seek companies that are actively driving the energy transition and have technology focused on providing clean, dispatchable and scalable power from multiple sources, to meet growing demand without compromise to decarbonization.
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The Latest SPAC News and Rumors: July 13, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: PlayUp embarks on restructuring, close to selling US unit to public company, and PublicSq.
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The Latest Non-Redemption Agreements: July 12, 2023
Latest Non-Redemption Agreements: Deep Medicine Acquisition Corp. and AP Acquisition Corp.
Deep Medicine Acquisition Corp. (DMAQ) Adds Non-Redemption Agreement
On July 11, 2023, Deep Medicine Acquisition Corp. (NASDAQ:DMAQ) and Bright Vision Sponsor LLC entered into certain non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem certain shares of Class A common stock in connection with the special meeting to consider and approve an extension from July 29, 2023 to January 29, 2024.
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Alpha Healthcare Acquisition Corp. III (ALPA) Shareholders Approve Carmell Deal
Alpha Healthcare Acquisition Corp. III (NASDAQ:ALPA) announced this afternoon that its shareholders approved its combination with drug developer Carmell at a special meeting held on July 11.
At yesterday’s meeting, a total of at least 15,511,079 shares, or 78.46%, of ALPA’s issued and outstanding common stock were present either in person or by proxy, which constituted a quorum.
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The Latest SPAC News and Rumors: July 12, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Matterport to reduce workforce by 30% and reduce office space
Proptech Company Matterport To Cut 170 Jobs, Reduce Office Space
Matterport (NASDAQ:MTTR), a spatial data company headquartered in Silicon Valley, announced plans to reduce its workforce by 30%, or about 170 jobs, in a Securities and Exchange Commission filing Tuesday.
Bowen Acquisition Corp. (BOWN) Prices $60M IPO
Bowen Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BOWNU” Wednesday, July 12, 2023.
The company intends to seek companies with strong and experienced management teams that will complement the operating and investment abilities of its own management team.
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The Latest Non-Redemption Agreements: July 11, 2023
Latest Non-Redemption Agreements: KnightSwan Acquisition Corp.
KnightSwan Acquisition Corp. (KNSW) Adds Non-Redemption Agreement
On July 10, KnightSwan Acquisition Corp. (NYSE:KNSW) and its sponsor entered into a non-redemption agreement with an unaffiliated third party.
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Bellevue Life Sciences Acquisition Corp. (BLAC) Signs Letter of Intent with OSR Holdings
Bellevue Life Sciences Acquisition Corp. (Nasdaq: BLAC) has signed a non-binding letter of intent (LOI) to combine with global healthcare holding company OSR Holdings, Ltd.
Seoul, South Korea-based OSR leverages its international network of partners in the US, Europe, and South Korea to develop and license its pipeline of innovative biomedical therapies based on proprietary platform technologies, with the ultimate goal of addressing unmet medical needs.
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The Latest SPAC News and Rumors: July 11, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Universal Entertainment execs blamed for failed SPAC merger, DWAC names Eric Swider as new CEO, and Ocean Biomedical’s vaccine candidate demonstrates broad potential to address malaria
Universal Entertainment Executives Blamed for Failed SPAC Merger
Executives at Japan’s Universal Entertainment Corp.
The Latest Non-Redemption Agreements: July 10, 2023
Latest Non-Redemption Agreements: Alpha Healthcare III
Alpha Healthcare Acquisition Corp. III (ALPA) Adds Non-Redemption Agreement
On July 9, Alpha Healthcare III (NASDAQ:ALPA) entered into a Non-Redemption Agreement with Meteora Select Trading Opportunities Master, LP pursuant to which the seller agreed not to exercise redemption rights under the charter with respect to an aggregate of 100,000 shares.
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Galata Acquisition Corp. (GLTA) Completes Marti Deal
Galata Acquisition Corp. (NASDAQ:GLTA) announced this afternoon that it has completed its business combination with e-mobility company Marti.
Shareholders gave their approval for the deal during a special meeting held on July 6, and the SPAC disclosed at that time that it anticipated on closing the deal today.
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New SPAC: Spark I Acquisition Corp. Files for $100M IPO
On Friday afternoon, Spark I Acquisition Corporation (NASDAQ: SPKL) submitted its S-1 filing for a $100 million IPO, marking the second SPAC to file in July, but is currently the 16th to file in 2023 thus far. SparkLabs Group Management, which is the sponsor of this SPAC, has a diverse investment portfolio encompassing over 450 companies.Read More
The Latest SPAC News and Rumors: July 10, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Starton Therapeutics to conduct Phase 1b trial in multiple Myeloma with a global Clinical Research Organization
Starton Therapeutics Contracts Global Clinical Research Organization to Conduct STAR-LLD Phase 1b Clinical Trial in Multiple Myeloma
Starton Therapeutics Inc.,
The Latest Liquidations: July 7, 2023
Latest SPAC Liquidations: Belong Acquisition Corp.
Belong Acquisition Corp. (BLNG) to Liquidate on July 27
Belong Acquisition Corp. (NASDAQ:BLNG) today announced that it intends to dissolve and liquidate, effective as of the close of business on July 27, and will redeem all of the outstanding shares of Class A common stock.
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