Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The Philippines’ largest casino, owned by an affiliate of Japan’s Universal Entertainment Corp does not have to complete a SPAC merger deal with 26 Capital Acquisition Corp.
DHC (NASDAQ:DHCA) has entered into a definitive agreement to combine with marketing firm BEN at a pro forma enterprise value of $358 million.
Jackson, Wyoming-based BEN has developed AI-enhanced customer engagement services for enterprise clients in the automotive, healthcare and financial services sectors.
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On September 7, FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) entered into one or more agreements with one or more unaffiliated third parties in exchange for them each agreeing not to redeem an aggregate of 1,000,000 shares of Class A common stock.
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Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its special meeting, scheduled for September 13, has been postponed to September 20 at 10:00 a.m., marking the SPAC’s second postponement.
As a result of this change, Murphy Canyon has also extended the redemption deadline for holders of its common stock to 5:00 p.m.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Falcon’s Beyond, a diversified global entertainment, consumer experience, and technology enterprise that accelerates intellectual property (IP) activations concurrently across physical and digital experiences, has announced its debut project as part of its joint venture with Raging Power Limited, an arm of K11 Group, the Hong Kong-based cultural commerce giant.
Energem Corp. (NASDAQ:ENCP) announced in an 8-K this morning that it has shortened the lock-up for the SPAC’s sponsor while extending it for other parties in the Graphjet combination.
Energem’s sponsor originally was to be locked for one year following close with an early release available only if the combined company traded at or above $12 for 20 of 30 trading days at least 150 days out from close, while company shareholders were all beholden to a six-month lock-up.
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Rosecliff Acquisition Corp. I (NASDAQ:RCLF) announced in an 8-K this morning that its shareholders approved its combination with medtech firm Spectral MD (AIM:SMD) at a special meeting yesterday.
Although all proposals on the ballot were approved by wide margins, an additional 211,136 shares were redeemed in connection with the vote, reducing Rosecliff I’s trust to about $2.6 million with 247,580 public shares outstanding.
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After announcing its intent to liquidate on August 30, Crixus BH3 Acquisition Company (NASDAQ:BHAC) disclosed this afternoon that it has reversed its decision to dissolve its trust.
Crixus BH3’s board determined that it is in the best interest of the company and its stockholders to continue its pursuit of a target to combine with.
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The Growth for Good Acquisition Corporation (NASDAQ: GFGD) disclosed in a press release today that it has once again adjourned its special meeting, marking the fifth postponement for shareholders to cast their votes on the SPAC’s combination with EV-maker ZeroNox.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
London-based multinational digital health firm Babylon has sold almost all of its U.K.
Andretti Acquisition Corp. (NYSE:WNNR) has entered into a definitive agreement to combine with generative AI company Zapata at an enterprise value of $283 million.
Boston-based Zapata has developed technology to use quantum computing and numerical data to generate text and data for industrial applications.
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Altimar Acquisition Corp. III (NYSE:ATAQ) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of September 22.
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Shares of Rumble Inc.
UTA Acquisition Corporation (NASDAQ:UTAA) will not consummate a business combination by September 6.
As a result, the company, as promptly as possible, but no later than September 20, will redeem 100% of the issued and outstanding Class A ordinary shares.
The Growth for Good Acquisition Corporation (NASDAQ: GFGD) disclosed in a press release today that it has once again adjourned its special meeting. This marks the fourth postponement for shareholders to cast their votes on the SPAC’s combination with EV-maker ZeroNox.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its special meeting, initially scheduled for September 7, has been postponed to September 13 at 10:00 a.m.
As a result of this change, Murphy Canyon has also extended the redemption deadline for holders of its common stock to 5:00 p.m.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Polestar Automotive Holding (NASDAQ:PSNY) posted another operating loss in the second quarter as the electric-vehicle maker struggled with software delays and intensifying competition.