The Latest SPAC News and Rumors: May 4, 2023

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Corner Growth Acquisition Corp. (COOL) to Combine with Noventiq in $800M Deal

Corner Growth Acquisition Corp. (NASDAQ:COOL) has entered into a definitive agreement to combine with software firm Noventiq (LSE:NVIQ) at an enterprise value of $800 million, or 0.4x its FY2021 revenue.

The London-based company helps companies lead internal digital transformations to drive efficiencies in their IT, cloud storage and cybersecurity systems.

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The Latest Non-Redemption Agreements: May 3, 2023

Latest Non-Redemption Agreements: 10X Capital Venture Acquisition Corp. II, New Providence Acquisition Corp. II, Roth CH Acquisition V Co., and Apollo Strategic Growth Capital II


10X Capital Venture Acquisition Corp. II (VCXA) Adds Non-Redemption Agreement

On May 2, 2023, certain investors of 10X II entered into non-redemption agreements with 10X II (NASDAQ:VCXA) and 10X Capital SPAC Sponsor II LLC.

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The Latest SPAC News and Rumors: May 3, 2023


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  Bridgetown Holdings nears merger with Hyphen, Bhutan’s investment arm and Bitdeer plan a $500M fund for crypto mining, and Ares’s $500M SPAC marks return of jumbo blank-check firms


Billionaire-Thiel Backed SPAC Is Said to Near Merger With Hyphen 

Bridgetown Holdings Ltd.

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BioPlus Acquisition Corp. (BIOS) to Combine with Avertix Medical in $195M Deal

BioPlus Acquisition Corp. (NASDAQ:BIOS) has entered into a definitive agreement to combine with medical device company Avertix Medical, Inc. at an enterprise value of $195 million, or 2.6x its CY2025E revenue. The Eatontown, New Jersey-based Avertix is a medical technology company commercializing an implantable device for cardiovascular disease management. The combined company is expected to trade
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OceanTech Acquisitions I Corp. (OTEC) to Combine with Regentis Biomaterials in $95M Deal

OceanTech I (NASDAQA:OTEC) has entered into a definitive agreement to combine with regenerative medicine company Regentis at a $95 million valuation.

Or-Akiva, Israel-based Regentis has been working to commercialize its GelrinC orthopedic therapy to repair cartilage damage in knees and has already received a CE mark in Europe as a medical device.

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Compute Health Acquisition Corp. (CPUH) Tweaks Allurion Deal

Compute Health (NYSE:CPUH) announced in an 8-K this morning that it has made a number of amendments to its business combination with Allurion, shifting its financing arrangements.

The bulk of the new financing changes affect the $16.75 million in convertible bridge notes that Allurion issued in February with Hunter Ventures Limited taking on $13 million of these.

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The Latest SPAC News and Rumors: May 1, 2023


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SRIVARU announces the launch of Prana 2.0 intelligent battery system


SRIVARU Announces Launch of Prana 2.0 Intelligent Battery System

SRIVARU, a commercial-stage provider of premium electric motorcycles, today announced the launch of SRIVARU’s Prana 2.0 intelligent battery system.

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Bite Acquisition Corp. (BITE) to Combine with Above Food in $319M Deal

Bite (NYSE:BITE) has entered into a definitive agreement to combine with plant-based food producer Above Food at an enterprise value of $319 million, or 13.6x its 2024E adj. EBITDA. The Regina, Canada-based Above Foods had developed a vertically-integrated agricultural platform to produce grains for sustainable consumer products from seed to table. The combined company is
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Parabellum Acquisition Corp. (PRBM) Terminates EnOcean Deal, Will Liquidate

Parabellum Acquisition Corp. (OTC:PRBM) announced this morning that its business combination with internet of things (IoT) device-maker EnOcean has been terminated and it will now liquidate its trust.

On April 28, EnOcean delivered a termination letter to the SPAC announcing that it was exercising its right to terminate the deal, but did not provide further information about the breakup.

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