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Author: Marlena Haddad

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The Latest SPAC News and Rumors: June 29, 2021


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

Latest SPAC News: Inventor of the ‘Super Soaker’ joins quadruple play in SPAC market, Canoo gets hit with shareholder derivative suit, Perella Weinberg shares saw a sharp rise following SPAC deal, and SoftBank SPAC drops deal with Mapbox

 


‘Super Soaker’ Inventor Joins Rare Quadruple Play in SPAC Market

The serial dealmakers at Navigation Capital Partners unveiled plans for a quartet of new blank-check companies, in the latest sign that repeat issuers’ enthusiasm for the SPAC market remains unabated, according to Bloomberg.

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Leisure Acquisition Corp. (LACQ) Shareholders Approve Ensysce Biosciences Deal

Leisure Acquisition Corp.  (NASDAQ:LACQ) announced in an 8-K filing this morning that its shareholders approved its combination with clinical-stage biopharmaceutical company Ensysce Biosciences, Inc. at a special meeting yesterday.

Importantly, investors redeemed just 5,000 shares in connection with the vote and did so at a significant loss as Leisure’s shares traded above $13 throughout June 24, the SPAC’s redemption deadline. 

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ION Acquisition Corp. 1 (IACA) Shareholders Approve Taboola Deal

ION Acquisition Corp. 1 Ltd.  (NYSE:IACA) announced in a press release that its shareholders approved its combination with digital ad firm Taboola at a special meeting earlier today.

The press release mentioned holders of ION Class A ordinary shares reflecting approximately 7% of outstanding shares exercised their right to redeem their shares, but did not give the exact number of shares.

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The Latest SPAC News and Rumors: June 25, 2021


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

Latest SPAC News: Churchill Capital IV is set to vote on merger with Lucid Motors, dozens of SPAC deals to enter Russell 3000 index, Jim Chanos warns of SPAC market, and Credit Suisse’s deals dry up 

 


Churchill Capital IV Announces Shareholder Vote Date For Lucid Motors Merger

Churchill Capital IV is set to vote on its merger with Lucid Motors on July 22, and a redemption deadline of July 20.

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