Author: Nicholas Alan Clayton

CONX Corp. (CONX) to Acquire DISH Wireless HQ, Lease It Back in $26.7M Deal

CONX (NASDAQ:CONX) has entered into a definitive agreement to acquire the corporate headquarters building of DISH Wireless for $26.75 million. The Littleton, Colorado facility serves as the offices for DISH Network’s (NASDAQ:DISH) wireless TV and phone services. Transaction Overview Both CONX and EchoStar, which is selling the property, have waived any claim to the SPAC’s
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SPAC-morning-roundup
SPAC round-up
SPAC-morning-roundup

Morning SPAC News Roundup: March 8, 2024

At the SPAC of Dawn March’s first full week comes to a close with a busy day of votes as Power & Digital II (NASDAQ:XPDB), Kingswood (OTC:KWAC) and Redwoods (NASDAQ:RWOD) all work to close their combinations and three more SPACs seek extensions today. More meeting postponements could be in order, however, as Kingswood has pushed
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SPAC round-up

Afternoon SPAC News Roundup: March 7, 2024

News and Rumors Bloomberg: London-listed SPAC TMT Acquisition Plc (LSE:TMTA) has agreed to itself be acquired and hand about $6 million in trust cash over to medical device maker Belluscura. PR: Bitcoin miner Core Scientific (NASDAQ:CORZ) has signed a contract worth up to $100 million to provide up to 16 MW of data center infrastructure
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sagaliam

Sagaliam Acquisition Corp. (SAGA) Delisted After Spree of Nasdaq Violations

Being a public company is hard and the major US exchanges tend to show patience with companies working to stay in compliance with their many listing requirements when mistakes are made. But, everything has it’s limits. Nasdaq hit its limits this week with Sagaliam Acquisition Corp. (NASDAQ:SAGA). The SPAC, which raised $100 million in a
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SPAC-morning-roundup
SPAC round-up

Afternoon SPAC News Roundup: March 6, 2024

News and Rumors PR: eVTOL maker Joby (NYSE:JOBY) has acquired a facility at Dayton International Airport in Ohio to support its initial aircraft manufacturing. It expects the site to eventually have the capacity to build 500 eVTOL aircraft annually. Joby combined with Reinvent Technology Partners in August 2021. PR: Space venture Momentus (NASDAQ:MNTS) was awarded
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SPAC-morning-roundup
SPAC round-up
SPAC-morning-roundup
SPAC round-up

Afternoon SPAC News Roundup: March 4, 2024

Deals and Funding Power & Digital II (NASDAQ:XPDB) has expanded the PIPE for its combination with Montana Technologies to about $50 million in commitments led by Carrier (NYSE:CARR) and Rice Investment Group. Blue World (NASDAQ:BWAQ) has amended its combination with TOYO Solar to reflect that it has been restructured under new ownership. Entities called WAG,
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SPAC-morning-roundup
SPAC round-up

Afternoon SPAC News Roundup: March 1, 2024

News and Rumors Bloomberg: Digital World (NASDAQ:DWAC) and its target Trump Media and Technology Group (TMTG) were hit by a new wave of legal headaches this week as both the founders of its Truth Social platform and Digital World CEO Patrick Orlando filed lawsuits over the deal’s closing share allocations. One of the suits has
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Altitude Acquisition Corp. (ALTU) to Combine with Vesicor Therapeutics in $70M Deal

Altitude (NASDAQ:ALTU) has entered into a definitive agreement to combine with Vesicor Therapeutics for $70 million in equity consideration. San Gabriel, California-based Vesicor is developing treatments utilizing extracellular vesicles as both a therapy themselves and as a delivery system for other medicines. Transaction Overview Altitude has about $10.3 million in its current trust after seeing
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SPAC-morning-roundup
lock-ups
SPAC round-up

Afternoon SPAC News Roundup: February 29, 2024

News and Rumors Bloomberg: Online brokerage Webull made a point to divest its crypto business ahead of announcing its SPAC deal with SK Growth (NASDAQ:SKGR), its CEO Anthony Denier said, noting that previous attempts to list via a traditional IPO stalled. “The SEC has not been friendly [to crypto], which is widely known,” he added.
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SPAC-morning-roundup

SK Growth Opportunities Corporation (SKGR) to Combine with Webull in $7.3Bn Deal

SK Growth (NASDAQ:SKGR) has entered into a definitive agreement to combine with digital investment platform Webull at an enterprise value of $7.3 billion. New York-based Webull provides an equities trading and education platform to about 20 million cumulative users. The combined company is expected to trade on the Nasdaq once the deal is completed in
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