Endurance Acquisition Corp. (NASDAQ:EDNC) announced in an 8-K filing this morning that it has made a pair of amendments to its combination with satellite hardware-maker Satixfy, lowering its valuation and introducing sponsor concessions.
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Software Acquisition Group III (NASDAQ:SWAG) announced that its shareholders approved its combination with software firm Nogin at a special meeting yesterday.
The SPAC tipped in an 8-K yesterday that about 82.7% of its shares were redeemed in connection with its vote.
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Software Acquisition Group III (NASDAQ:SWAG) announced in an 8-K filing this morning that about 82.7% of its shares were redeemed in connection with its vote to complete its combination with software firm Nogin earlier today.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies producing either drones or robots taking over jobs in the inflation-stricken economy. We look at why they are compelling and why each could be a fit for a blank-check merger.
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FAST Acquisition Corp (NYSE: FST) announced this morning that it has come to a partial agreement with regard to the suit brought by Special Opportunities Fund (NYSE:SPE) over the distribution of the SPAC’s funds in its upcoming liquidation.
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MarketWise (NASDAQ:MKTW), which combined with Ascendant Digital in July 2021, has launched an offer to exchange all outstanding warrants for 0.1925 shares each.
At the company’s current share price of $4.08, this amounts to a value of $0.79662 per warrant.
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DocGo (NASDAQ:DCGO), which combined with Motion in November 2021, announced that it will redeem all of its outstanding warrants at 5 pm ET September 16 at a redemption price of $0.10 per warrant.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies green energy beneficiaries of the Inflation Reduction Act. We look at why they are compelling and why each could be a fit for a blank-check merger.
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CHW Acquisition Corp. (NASDAQ:CHWA), which saw its combination with pet-services marketplace Wag approved on July 28, announced a new forward purchase agreement to add financing.
This will keep about $24.6 million with the post-combination company as holders of 2,393,378 shares have agreed to sell these to CHW for $10.30 on the three-month anniversary of the deal’s close rather than redeem them for the pro rata trust amount.
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Founder SPAC (NASDAQ:FOUN) announced this morning that it has entered into a forward purchase agreement (FPA) of up to $150 million to help secure its combination with Rubicon Technologies.
The parties gained approval of the deal at Founder SPAC’s special meeting August 2, but this move could reflect putting in protections in the event redemptions are higher than expected in conjunction with the completion vote.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies manufacturing chips and other components for the modern economy. We look at why they are compelling and why each could be a fit for a blank-check merger.
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FAST Acquisition Corp (NYSE: FST) noted in a 10-Q this morning that it intends to liquidate its trust shortly after its August 25 transaction deadline.
As a result, FAST will now receive $26 million in a settlement from Fertitta Entertainment, which sought to terminate their combination just before close in December.
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Founder SPAC (NASDAQ:FOUN) announced that its shareholders approved its combination with digital garbage-hauling marketplace Rubicon at a special meeting August 2.
The SPAC’s initial press release did not disclose redemption figures but noted that 97% of votes cast were in favor of the deal.
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Ribbit LEAP Ltd. (NYSE:LEAP) announced late last night that it will not complete a business combination by its initial deadline of September 10, and will instead redeem all shares.
The SPAC will cease all operations on August 15 and shareholders will shortly thereafter receive $10.02 per share.
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