The Latest SPAC News and Rumors: April 6, 2023

Apr 6, 2023 INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Chamath Palihapitiya says higher rates have created ‘wave of destruction’ and DigiAsia Bios looks to expand abroad post SPAC merger

SPAC king Chamath Palihapitiya says higher rates have created ‘wave of destruction’ across whole sectors

Higher interest rates are sowing chaos across businesses and whole sectors of the market, according to “SPAC king” Chamath Palihapitiya.

Viveon Health Acquisition Corp. (VHAQ) to Combine with Clearday in $370M Deal

Apr 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Viveon Health (NYSE:VHAQ) has entered into a definitive agreement to combine with healthcare company Clearday at an enterprise value of $370 million, or 2.5x its 2027E revenue. San Antonio, Texas-based Clearday provides a suite of digital and robotics solutions aimed at providing more efficient care for seniors in assisted living facilities. The combined company is
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The Latest Non-Redemption Agreements: April 5, 2023

Apr 5, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Atlantic Coastal Acquisition Corp. II

Atlantic Coastal Acquisition Corp. II (ACAB) Adds Non-Redemption Agreement

In connection with the special meeting of the stockholders of Atlantic Coastal Acquisition Corp.

The Latest Liquidations: April 5, 2023

Apr 5, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: dMY Technology Group VI

dMY Technology Group, Inc. VI (DMYS) to Liquidate

dMY Technology Group, Inc. VI (NYSE: DMYS) announced today that the independent and disinterested Directors made a reasonable determination, that it would not be in the best interests of those involved to proceed with the combination with Rain Enhancement Technologies.

New SPAC: Inflection Point Acquisition Corp. II Files for $200M IPO

Apr 5, 2023 Headline Post, INTEL, New S-1 Filings by Marlena Haddad

Inflection Point Acquisition Corp. II (NASDAQ:IPXXU) filed its S-1 this morning for a $200 million IPO, marking the first SPAC to file for an IPO in April and the second largest of the year following Ares II’s $400 million filing last week. The new company will seek fundamentally strong businesses in a broad range of disruptive
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The Latest SPAC News and Rumors: April 5, 2023

Apr 5, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: DWAC drops 8% amid Trump’s arraignment, and Avanseus announces version 6.0 of Augmented Operations platform

Trump SPAC Digital World drops amid former president’s arraignment, delayed 10-K filing

Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Donald Trump’s social media company and Truth Social app public, fell 8% as the former president was formally arraigned on charges related to alleged hush-money payments made during the 2016 presidential campaign.

CIIG Capital Partners II Inc. (CIIG) to Adjourn Completion Vote

Apr 5, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

CIIG Capital Partners II (NASDAQ:CIIG) announced this morning that it intends to adjourn its April 12 special meeting to approve its combination with EV motorcycle company Zapp to Friday, April 14 at 10 am ET.

Podcast: Sudhir Panikassery, Founder & CEO of Aeries Technology, and Daniel Webb of Worldwide Webb

Apr 5, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

SPACs have been searching hard for combination targets with lean balance sheets and strong cash flow. So, why not combine with a company that helps other companies develop lean balance sheets and strong cash flow?

The Latest SPAC News and Rumors: April 4, 2023

Apr 4, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Virgin Orbit files for bankruptcy

Branson’s Rocket-Launch Firm Virgin Orbit Files for Bankruptcy

Virgin Orbit Holdings Inc.

The Latest Non-Redemption Agreements: April 3, 2023

Apr 3, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Worldwide Webb

Worldwide Webb (WWAC) Adds Non-Redemption Agreement

On March 31, 2023, Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) entered into non-redemption agreements with certain unaffiliated third parties holding an aggregate of 4,935,000 Class A ordinary shares.

The Latest Liquidations: April 3, 2023

Apr 3, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: TPG Pace Beneficial II Corp.

TPG Pace Beneficial II Corp. (YTPG) to Liquidate on April 17

TPG Pace Beneficial II Corp. (NYSE:YTPG) will redeem all of its outstanding Class A ordinary shares, effective as of April 17, 2023.

Insight Acquisition Corp. (INAQ) to Combine with Avila Energy in $192M Deal

Apr 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Insight Acquisition Corp. (NYSE:INOQ) has entered into a definitive agreement to combine with oil and gas producer Avila (CSE:VIK) for an equity value of $192.6 million at $10.30 per share. Calgary-based Avila operates oil and gas fields in Western Alberta and is working to transition to selling clients renewable energy products. The combined company is
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The Latest SPAC News and Rumors: April 3, 2023

Apr 3, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Boxed files for Chapter 11 bankruptcy

Online Bulk Retailer Boxed Files for Chapter 11 Bankruptcy

Boxed Inc.

Deep Medicine Acquisition Corp. (DMAQ) to Combine with TruGolf in $125M Deal

Apr 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Deep Medicine (NASDAQ:DMAQ) has entered into a definitive agreement to combine with golf simulator company TruGolf at an enterprise value of $125 million. The Centerville, Utah-based company manufactures advanced golf simulators and launch monitors for both home entertainment and commercial uses. The combined company is expected to trade on the Nasdaq under the symbol “TRUG”
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dMY Technology Group, Inc. VI (DMYS) Adds FPA to Rainwater Tech Deal

Apr 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

dMY Technology Group, Inc. VI (NYSE:DMYS) announced in an 8-K this morning that it has entered into a forward purchase agreement with Meteora in connection to its business combination with rainfall generation technology Rainwater Tech.

First Quarter of 2023 SPAC Review

Apr 2, 2023 Headline Post, INTEL by Kristi Marvin

An In-Depth Look at SPAC Activity Throughout the First Quarter of 2023 Below is a summary of the year-to-date SPAC performance. Now that the first quarter of 2023 has come to a close, we can take a look back at year-to-date activity. The issues that were plaguing market conditions in 2022, such as inflation and
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SPAC IPO Terms Tracker: Closing Out the Month of March

Apr 1, 2023 Headline Post, INTEL by Kristi Marvin

Terms Tracker for the Week Ending March 31, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Filings continue to remain quiet, but SPACs did manage to price two more IPOs this week with TMT Acquisition Corp (Nasdaq: TMTCU) and Trailblazer Merger
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Hudson Acquisition I Corp. (HUDA) Announces LOI

Mar 31, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Hudson Acquisition I Corp. (NASDAQ:HUDA) announced that it has signed a non-binding letter of intent (LOI) to combine with a pre-clinical-stage biotechnology company.

The SPAC did not provide many details on the unnamed target, but disclosed that the biotech company is focused on developing intranasal preventives for major disease-causing respiratory viruses.

SPAC Lock-Up Expirations to Watch in April 2023

Mar 31, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Heading into April, SPACs are to see eight sponsors and 11 de-SPAC’d companies freed from lock-ups and ready to trade. Most of these lock-up expirations are loaded into the final week of the month, but those hitting this milestone already next week include some of the more interesting transactions of the crop. In particular, MoonLake
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The Latest SPAC News and Rumors: March 31, 2023

Mar 31, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Shares of Digital World jump after Trump’s indictment, and pair of Delaware Chancery court decisions deny motions to dismiss SPAC shareholder’s fiduciary breach claims

Trump-Tied SPAC’s Shares Jump After Historic New York Charge

The criminal case against Donald Trump is providing a lift to the blank-check firm taking his media company public, as well as other stocks tied to the former president, as traders bet the news will drive traffic to conservative outlets.