Prime Number Acquisition I Corp. (Nasdaq: PNAC) has set in motion today another reason to rile up SPAC investors over extension votes. However, unfortunately, this time investors are hamstrung with being able to do anything about it and it’s unclear if this was by design or simply a mistake.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Serial dealmaker Martin E.
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RMG III (NASDAQ:RMGC) announced in an 8-K this morning that it has entered into a merger agreement with hydrogen energy company H2B2 Electrolysis, but left few other details in the filing.
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Biote (NASDAQ: BTMD), the hormone-optimization medical practice builder that combined with Haymaker III in May 2022, announced this afternoon that it has launched an offer to exchange all outstanding warrants for 0.23 Class A shares each.
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Semper Paratus Acquisition Corporation (Nasdaq: LGST) filed an 8-K today announcing that on May 3, 2023, it had entered into a subscription agreement with Polar Multi-Strategy Master Fund and Semper Paratus Sponsor LLC.
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On May 8, LAMF Global Ventures Corp. I (NASDAQ:LGVC) and the Sponsor entered into further non-redemption agreements with additional unaffiliated third-party investors pursuant to which the Additional Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior redemption election with respect to 1,588,000 Non-Redeemed Shares.
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Evergreen (NASDAQ:EVGR) announced that it adjourned its extension vote this morning without conducting any business, but it will make another run at it tomorrow.
Proceedings will recommence at 11 am ET, May 10 and shareholders will have more time to change their votes.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
On May 7, 2023, the board of directors of Progress Acquisition Corporation (NASDAQ:PGRW) determined that it intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the Company’s trust account divided by the number of then outstanding Public Shares.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Allrites Holdings Pte, a Singaporean film and television content rights marketplace, has agreed to go public through a merger with US-listed blank check firm Aura FAT Projects Acquisition Corp.
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On May 5, Maquia Capital Acquisition Corporation (NASDAQ:MAQC) and Maquia Investments North America, LLC entered into a non-redemption agreement with one or more unaffiliated third party or parties in exchange for such third party or third parties agreeing not to redeem an aggregate of 247,883 shares of Class A common stock.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
AlTi Global (NASDAQ:ALTI), the wealth and asset manager that combined with Cartesian Growth in January, announced this morning that it has launched an offer to exchange all outstanding warrants for 0.25 Class A shares each.
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Alchemy Investments Acquisition Corp 1 priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALCYU” Friday, May 5, 2023.
The SPAC intends to acquire a deep technology company with a focus on data analytics.
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VMG Consumer Acquisition Corp. (NASDAQ:VMGA) today announced that it has cancelled its special meeting of stockholders and intends to dissolve and liquidate, effective as of the close of business on May 15, 2023.
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On May 3, 2023, Pono Capital Two (NASDAQ:PTWO) entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, 773,682 shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the extension.
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Galata Acquisition Corp. (NYSE: GLTA) announced this afternoon that it has amended its business combination agreement and subscription agreements in connection to its proposed merger with Turkish mobility app Marti.
As part of the amendment, Galata will no longer be required to have a minimum of $50 million in cash on hand, which was previously waived by Marti.
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