The Latest SPAC News and Rumors: July 7, 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 6, 2023
Latest Non-Redemption Agreements: Andretti
Andretti Acquisition Corp. (WNNR) Adds Non-Redemption Agreement
On July 6, Andretti Sponsor, L.P., and Andretti Acquisition Corp. (NYSE: WNNR) entered into a non-redemption agreement with an unaffiliated third party.
Pursuant to the Non-Redemption Agreement, the Investor agreed not to redeem an aggregate of 350,000 Class A ordinary shares of the company.
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The Latest Liquidations: July 6, 2023
Latest SPAC Liquidations: Viscogliosi Brothers Acquisition Corp.
Viscogliosi Brothers Acquisition Corp. (VBOC) to Liquidate on July 11
The board of directors of Viscogliosi Brothers Acquisition Corp. (NASDAQ:VBOC) announced today that it has canceled the special meeting of stockholders scheduled to be held on July 3, and that it will be unable to consummate an initial business combination by July 11.
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DUET Acquisition Corp. (DUET) Signs LOI with Fenix 360
DUET Acquisition Corp. (NASDAQ:DUET) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with global social media company Fenix 360.
Singapore-based FENIX360 states that it is an artist centric, multi genre social media platform that has been created to help independent artists and creatives monetize their art much more lucratively.
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The Latest SPAC News and Rumors: July 6, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: ACG Acquisition receives Brazil antitrust approval for mine acquisition, and GEM to fund European Lithium’s development of Austrian mine
ACG Acquisition notes Brazil antitrust approval for mines acquisition
ACG Acquisition Co Ltd (LON: ACG) on Thursday said the Brazilian antitrust authority unconditionally approved its acquisition of mines in Brazil.
Tastemaker Acquisition Corp. (TMKR) Postpones Extension Vote
Tastemaker Acquisition Corp. (NASDAQ:TMKR) announced in an 8-K this afternoon that it has postponed its extension vote from July 7 to July 10.
As a result of the announcement, the SPAC will also extend its redemption deadline from July 5 until July 6.
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The Latest SPAC News and Rumors: July 5, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC reaches agreement with SEC, Joby set for record week after FAA approval, and Freightos launches new Airline Dashboard
Trump-tied SPAC reaches agreement with SEC staff over merger
A blank-check firm, which was set to merge with former U.S.
New SPAC: Haymaker Acquisition Corp. 4 Files for $200M IPO
On Monday afternoon, Haymaker Acquisition Corp. 4 (NYSE: HYAC) submitted its S-1 filing for a $200 million IPO, marking the first SPAC to file in July, but is currently the 15th to file in 2023 thus far. The new company aims to concentrate its search for an initial business combination on companies within the consumerRead More
The Latest Liquidations: July 3, 2023
Latest SPAC Liquidations: Minority Equality Opportunities Acquisition Inc., and ARYA Sciences V
Minority Equality Opportunities Acquisition Inc. (MEOA) to Liquidate on July 3
Minority Equality Opportunities Acquisition Inc. (Nasdaq: MEOA) intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at an estimated per-share redemption price of approximately $10.91.
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Kensington Capital Acquisition Corp. V (KCGI) Terminates Arrival Deal
Kensington Capital Acquisition Corp. V (NYSE:KCGI) announced this afternoon that it has mutually terminated its business combination with EV-maker Arrival (NASDAQ:ARVL).
The SPAC’s combination with Arrival was 2023’s second repeat de-SPACing as it followed in the footsteps of Wejo (NASDAQ:WEJO), which also completed a 2021 SPAC deal and then announced a new one in January with TKB Critical Technologies 1 (NASDAQ:USCT).
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Adit EdTech Acquisition Corp. (ADEX) Adjourns Extension Vote
Adit EdTech Acquisition Corp. (NYSE:ADEX) announced that it has adjourned today’s extension vote and will reconvene it at 9 am ET on July 11.
ADEX intends to use this additional time to seek additional proxies for two proposals: one to extend the time for the company to complete its initial business combination, and another to remove a prohibition on certain actions if the company’s net tangible assets fall below $5 million.
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HH&L Acquisition Co. (HHLA) Terminates DiaCarta Deal
HH&L (NYSE:HHLA) announced this afternoon that it has terminated its business combination with biotech firm DiaCarta.
On June 26, the SPAC sent a termination notice to DiaCarta due to breaches of representations and covenants by DiaCarta and fraudulent misrepresentation.
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The Latest SPAC News and Rumors: June 30, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Quantum Fintech ends $50M lawsuit against Monex Group
Quantum SPAC Ends Busted-Deal Case Against Japan’s Monex Group
Quantum Fintech Acquisition Corp.
Sagaliam Acquisition Corp. (SAGA) Amends LOI with Enzolytics
Sagaliam (NASDAQ:SAGA) announced this morning that it has amended a non-binding letter of intent (LOI) for the purchase of Biogenysis, Inc. and Virogentics Inc., operating subsidiaries of Enzolytics Inc. (Pink: ENZC).
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Galata Acquisition Corporation (GLTA) to Adjourn Completion Vote
Galata Acquisition Corp. (NASDAQ:GLTA) announced this morning that its special meeting, intended to approve its combination with Turkish mobility app Marti, will be adjourned due to a change in its proxy.
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GSR II Meteora Acquisition Corp. (GSRM) Shareholders Approve Bitcoin Depot Deal
GSR II Meteora (NASDAQ:GSRM) announced in an 8-K this morning that it secured shareholder approval for its combination with Bitcoin Depot at a special meeting June 28.
A further 3,686,863 shares were redeemed in connection with the vote, bringing GSR II’s final redemption rate to about 89% and leaving it with about $35 million in trust at close.
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The Latest Liquidations: June 29, 2023
Latest SPAC Liquidations: Stratim Cloud
Stratim Cloud Acquisition Corp. (SCAQ) Terminates Force Pressure Control Deal, Intends to Liquidate
On June 27, Stratim Cloud (NASDAQ:SCAQ) received a letter from Force purporting to terminate the Purchase Agreement and each of the transaction agreements entered into in connection with the Purchase Agreement.
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The Latest SPAC News and Rumors: June 29, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Trump SPAC investors charged in $22M scheme, Lordstown says it has had confidential settlement talks with SEC, and Virgin Galactic enters space tourism era with commercial debut
Trump SPAC Investors Charged in $22 Million Scheme
Three investors in the special purpose acquisition company that has agreed to take Trump Media & Technology Group Corp.
The Latest Liquidations: June 28, 2023
Latest SPAC Liquidations: Hawks Acquisition Corp.
Hawks Acquisition Corp. (HWKZ) to Liquidate on July 11
Hawks Acquisition Corp. (NYSE: HWKZ) announced overnight that it will redeem all of its outstanding shares of Class A common stock other than shares of Class A Common Stock that have been converted from shares of Class B Common Stock.
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Priveterra Acquisition Corporation (PMGM) Adjourns Completion Vote for Seventh Time
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced this afternoon that its special meeting, intended to approve its combination with AEON Biopharma, has been adjourned for the seventh consecutive time.
Given the SPAC’s completion deadline of August 11, it is unlikely that this will be the last adjournment we will see for this completion vote.
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