VPC Impact II (NASDAQ:VPCB) announced this morning that it has mutually terminated its combination with Southeast Asian fintech platform Kredivo.
As with other recent terminations, the parties cited “market conditions” as the cause, but this isn’t a true break up of the two sides.
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Rosecliff Acquisition Corp I (NASDAQ:RCLF) announced this morning that it has mutually terminated its combination with ground transport management company Gett after a review of market conditions.
However, these “market conditions” also coincide with this deal possibly being the first SPAC casualty of the Russia-Ukraine war.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies set to see increased demand among elevated energy prices. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Pine Technology Acquisition Corp. (NASDAQ:PTOC) announced this morning that it has terminated its combination with weather-predicting software company Tomorrow.io.
The SPAC blamed “market conditions” for the breakup, but Tomorrow.io will be required to pay $1.5 million in termination fees, suggesting this may have been negotiated post the original business combination agreement.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the defense sector. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Supernova Partners Acquisition Company II (NYSE:SNII) announced this morning that it expects to gain approval of its combination with quantum computing firm Rigetti with sufficient cash to close the deal on March 2.
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ARYA IV (NASDAQ:ARYD) has agreed to mutually terminate its combination with the gene therapy division of biotech firm Amicus (NASDAQ:FOLD).
The news came not from ARYA IV’s end but as a part of Amicus’ quarterly updates and it primarily blamed “unfavorable market conditions affecting IPOs, follow-on financings and SPACs”.
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Brilliant (NASDAQ:BRLI) has entered into a definitive agreement to combine with payments platform Nukkleus at a pre-money enterprise value of $140 million, or about 7x its 2021 revenue.
Jersey City, New Jersey-based Nukkleus provides software to process exchanges of crypto and foreign currencies as well as contracts for differences (CFDs) for these assets.
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Healthcare Capital Corp. (NASDAQ:HCCC) announced this morning that its shareholders have voted to approve its combination with Alpha Tau Medical, but has not given any hints as to its redemption figures.
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HumanCo Acquisition Corp. (NASDAQ:HMCO) revealed in an 8-K that it signed a series of financing agreements on February 15 that will transfer much of its private placement shares and warrants to BlackRock (NYSE:BLK).
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in in the security sector. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Astrea (NASDAQ:ASAX) announced in an 8-K this morning that it mutually terminated its combination agreement with HotelPlanner and Reservations.com over the weekend.
The SPAC’s shareholders were set to vote to complete the transaction at a special meeting tomorrow, February 15, but the parties were likely dissuaded from proceeding after getting a look at the redemption figures.
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Astrea (NASDAQ:ASAX) sent out the sort of reminder today that it likely would not have thought necessary – that it is a different company from space venture Astra (NASDAQ:ASTR), which itself de-SPAC’d in July.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in India. We look at why they are compelling and why each could be a fit for a blank-check merger.
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