Accretion Acquisition Corp. (NASDAQ:ENER) has signed a non-binding letter of intent (LOI) to combine with natural resources company New Era Helium.
The parties have not yet released any financial parameters on the deal, but they expect to execute a definitive agreement together before the end of the year.
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Twin Ridge Capital Acquisition Corp. (NYSE:TRCA) announced in an 8-K that it has amended the share exchange ratio in its combination with automotive wheel-maker Carbon Revolution (ASX:CBR) to a 1-for-10 basis for all merger parties by order of an Australian court.
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FAST Acquisition Corp. II (NYSE:FZT) has closed its combination with hospitality company Falcon’s Beyond and the combined company’s shares, preferred stock and warrants are expected to begin trading on the Nasdaq later today under the symbols “FBYD”, “FBYDP” and “FBYDW”.
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Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
After the first full month without a SPAC IPO in nearly a year and a half, Thursday night saw two new vehicles begin floating, Quetta and Spark I.
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Quetta Acquisition Corporation (Nasdaq: QETAU) announced the pricing of its $60 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “QETAU” on Friday, October 6, 2023.
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Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Much of the conversation around SPACs tends to come in isolation, but Rivian’s (NASDAQ:RIVN) after-hours announcements yesterday show that launching a public EV brand is tough no matter how the company made it to the market.
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BioPlus (NASDAQ:BIOS) announced this morning that it has mutually terminated its combination with medical device company Avertix.
Unlike with many terminations seen recently, this parting of ways does not appear to have come directly as a result of discouraging redemption results ahead of a major vote and the two sides are still well away from their December 31 outside date.
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Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets you to nibble on beside your morning coffee.
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Project Energy (NASDAQ:PEGR) has entered into a definitive agreement to combine with Heramba Electric at a pro forma enterprise value of $450 million or 3.75x its 2022 revenue.
Berlin-based Heramba Electric is to provide charging and electrification equipment to commercial and civil transit vehicles.
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Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets you to nibble on beside your morning coffee.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Singapore’s Vertex Technology Acquisition Corp (VTAC) (VERT.SI)
Graf Acquisition Corp. IV (NYSE:GFOR) has closed its combination with NKGen Biotech and its shares and warrants will begin trading on the Nasdaq under the symbols “NKGN” and “NKGNW” today.
The SPAC secured shareholder approval for the deal last week with 84.3% redemptions.
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Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that its shareholders approved its combination with NKGen Biotech at a special meeting September 25.
A total of 3,386,528 shares were redeemed in connection with the vote, leaving Graf IV with about $27.6 million in the tank and a final redemption rate of 84.3%.
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Anzu Special Acquisition Corp I (NASDAQ:ANZU) has closed its combination with Envoy Medical and its shares and warrants are to begin trading on the Nasdaq under the symbols “COCH” and “COCHW” on October 2.
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Mercato Partners (NASDAQ:MPRA) closed its combination with Brazilian software firm Nuvini this afternoon and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “NVNI” and “NVNIW” on October 2.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A $1 billion metals deal by blank-cheque fund ACG Acquisition Co has been terminated following delays when the different sides, which included a leading global miner and top automakers as anchor investors, tried to revise it, ACG said on Thursday.
TradeUP (NASDAQ:UPTD) announced this morning that it has closed its combination with Estrella Biopharma and its shares and warrants will begin trading on the Nasdaq under the symbols “ESLA” and “ESLAQ” on October 2.
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Mobiv Acquisition Corp. (NASDAQ:MOBV) announced this morning that its shareholders approved its combination with EV motorcycle-maker SRIVARU at a special meeting September 28.
Redemptions whittled Mobiv’s IPO share pool of 10,005,000 down to 195,992 through the vote.
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