Global Partner Acquisition Corp. II (GPAC) Transfers Sponsor Control

Jan 18, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Global Partner Acquisition Corp. II (NASDAQ:GPAC) announced in an 8-K this morning that it has transferred control of its sponsor to affiliates of New York-based private equity firm Antarctica Capital Partners.

Perception Capital Corp. II (PCCT) to Combine with Spectaire in $203M Deal

Jan 17, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Perception Capital Corp. II (NASDAQ:PCCT) has entered into a definitive agreement to combine with equipment manufacturer Spectaire at an enterprise value of $203 million. Watertown, Massachusetts-based provides a precision micro mass spectrometer designed to help companies demonstrate carbon emission reductions. The combined company is expected to trade on the Nasdaq once the deal is completed
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Leo Holdings Corp. II (LHC) to Combine with World View in $350M Deal

Jan 13, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Leo II (NYSE:LHC) has entered into a definitive agreement to combine with aerial imaging company World View at an enterprise value of $350 million. The Tuscon, Arizona-based company provides monitoring services via high-altitude balloons. The combined company is expected to trade on the NYSE once the deal is closed in the second quarter of 2023.
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Where Are They Now? – Utz Brands

Jan 13, 2023 Headline Post, INTEL by Nicholas Alan Clayton

In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi.

Fat Projects (FATP) and Jack Creek Investment Corp. (JCIC) Postpone Extension Votes

Jan 12, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Fat Projects (NASDAQ:FATP) and Jack Creek (NASDAQ:JCIC) each announced this morning that they were postponing their upcoming extension votes.

Jack Creek is moving its vote originally scheduled for today, January 12, at 10 am ET to the same time January 24.

RMG Acquisition Corporation III (RMGC) Adjourns Extension Vote

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

RMG Acquisition Corporation III (NASDAQ:RMGC) announced this morning that it adjourned its special meeting to extend its transaction deadline to 10 am ET January 11.

The SPAC’s record date remains November 22 and the ballot is to be the same, but the move may give investors more time to consider the the LOI that RMG III announced with hydrogen technology company H2B2 four days ago.

Newcourt Acquisition Corp (NCAC) to Combine with Psyence Biomed

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Newcourt (NASDAQ:NCAC) has entered into a definitive agreement to combine with psychedelic medicine company Psyence (CSE:PSYG). The Canada-listed company is developing psychedelic drug candidates to potentially treat patients in palliative care and those with severe psychological conditions. The combined company is expected to continue to trade on both the Nasdaq and the Canadian Securities Exchange
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First Light Acquisition Group (FLAG) to Combine with Calidi Biotherapeutics, Inc. in $335M Deal

Jan 9, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

First Light (FLAG) has entered into a definitive agreement to combine with Calidi Biotherapeutics at an enterprise value of $335 million. La Jolla, California-based Calidi Biotherapeutics is a clinical-stage immuno-oncology company with proprietary technology that delivers oncolytic viruses for targeted therapy against difficult-to-treat cancers. The combined company is expected to trade on the NYSE American
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Paya (PAYA) to Be Acquired by Nuvei for $9.75 Per Share

Jan 9, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Paya (NASDAQ:PAYA), which completed a combination with FinTech III in October 2020, announced this morning that it has agreed to be acquired by its Canadian peer Nuvei (TSX:NVEI) in an all-cash transaction at $9.75 per share.

StoneBridge Acquisition Corp (APAC) to Combine with DigiAsia in $500M Deal

Jan 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

StoneBridge Acquisition Corporation (APAC) has entered into a definitive agreement to combine with fintech firm DigiAsia at a pre-money equity valuation of $500 million. Jakarta-based DigiAsia provides fintech services including credit cards in Southeast Asia and is currently branching into lending and other channels. The combined company is expected to trade on the Nasdaq under
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Broad Capital Acquisition Corp (BRAC) Postpones Extension Vote to Jan. 13

Jan 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Broad Capital Acquisition Corp. (NASDAQ:BRAC) announced this morning that it is bumping its shareholder vote from January 9 to 10:30 am ET, January 10.

The special meeting will seek approval for the SPAC to extend its transaction deadline from January 13 to October 13 in exchange for a $0.0625 per share monthly contribution to the trust over this period.

SPAC Lock-Up Expirations to Watch in January 2023

Jan 5, 2023 INTEL by Nicholas Alan Clayton

After one of the sparser months in lock-up expirations in December (that was nonetheless plenty dense in other SPAC activity), January brings 15 sponsors and 11 companies newly unlocked to trade their shares. Several of these de-SPACs could be considered to be running essentially even with the market in terms of their price performance through
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Alpha Healthcare III (ALPA) to Combine with Carmell Therapeutics in $188M Deal

Jan 5, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Alpha Healthcare Acquisition Corp. III (NASDAQ:ALPA) has entered into a definitive agreement to combine with drug developer Carmell at an enterprise value of $188.4 million. Pittsburgh-based Carmell is developing a treatment platform to accelerate healing in bone fractures and soft tissue wounds. The combined company is expected to trade on the Nasdaq under the symbol
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HNR Acquisition Corp (HNRA) to Combine with Pogo Resources

Jan 4, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

HNR Acquisition Corp. (NYSE:HNRA) has entered into a membership purchase agreement with Pogo Resources and two affiliates. Dallas-based Pogo acquires, develops and exploits oil and gas assets in Texas’ Permian Basin Transaction Overview HNR has an estimated $89 million in its current trust and the transaction is expected to provide $100 million in cash proceeds
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Jack Creek (JCIC) Bumps Extension Vote to Jan. 12

Jan 4, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Jack Creek Investment Corp (NASDAQ:JCIC) announced this morning that it is pushing out its shareholder vote scheduled for January 10, to 10:30 am ET January 12.

This means that the SPAC’s new redemption deadline is to be 5 pm ET, January 10.

Kernel Group Holdings (KRNL) Sells Sponsor Economics

Jan 4, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Kernel Group Holdings (NASDAQ:BIOT) announced in an 8-K that it has agreed to sell most of its sponsor economics and undergo a management change.

VKSS Capital is coming in to purchase 7,187,500 of the sponsor’s promote shares (94.3%) at par value $0.0001 per share, leaving the original sponsor 431,250 remaining.

Monterey Capital Acquisition Corp (MCAC) to Combine with ConnectM in $145M Deal

Jan 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Monterey Capital Acquisition Corporation (NASDAQ:MCAC) has entered into a definitive agreement to combine with ConnectM at a pre-money equity value of $145 million. Boston-based ConnectM provides IoT devices that optimize energy usage and provider clients data analytics for further improvements. The combined company is expected to trade on the Nasdaq under the symbol “CNTM” once
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Prime Number Acquisition I Corp. (PNAC) to Combine with Noco-Noco in $1.3Bn Deal

Dec 30, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Prime Number I (NASDAQ:PNAC) has entered into a definitive agreement to combine with Noco-Noco at an equity valuation of $1.35 billion. Singapore-based Noco-Noco is developing carbon-zero EV batteries and lithium-ion separators. Transaction Overview Prime Number I has an estimated $66.5 million in its trust and has not yet supplemented this with additional committed financing. The
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Northern Star II (NSTB) and Pivotal Investment III (PICC) Ink Non-Redemption Agreements

Dec 30, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) both announced in morning filings that they have signed non-redemption agreements with shareholders in connection with their extension votes.

Mount Rainier Acquisition Corp. (RNER) Postpones HUB Security Completion Vote

Dec 29, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Mount Rainier Acquisition Corp (NASDAQ:RNER) announced in an 8-K this morning that it is pushing its vote to complete its combination with HUB Cyber Security that was originally scheduled for December 30.

Author: Nicholas Alan Clayton