Ares Acquisition Corporation II (NYSE:AACT) filed its S-1 yesterday afternoon for a $400 million IPO, marking the second SPAC to file for an IPO in March and the largest since December 20, 2021, when Gores Holdings X Inc.
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TCV Acquisition Corp. (Nasdaq: TCVA) announced that it intends to dissolve and liquidate. It will redeem all of the outstanding Class A ordinary shares that were included in its initial public offering at a per-share redemption price of approximately $10.24.
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DiamondHead Holding Corps. (NASDAQ:DHHC) announced that it has closed its combination with Great Southern Homes and the combined company will be renamed United Homes Group.
The deal was approved by shareholders during a meeting last Thursday, and only 109,426 shares were redeemed in connection with the vote, but DiamondHead saw about 87% redemptions in total across all previous votes, leaving it with about $43.9 million in its trust.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
An investor sued Volta Inc.
Maxpro Capital (NASDAQ:JMAC) announced that it has closed its combination with clinical-stage biotech firm Apollomics and the combined company’s shares and warrants are to begin trading today on the Nasdaq under the symbols “APLM” and “APLMW”, respectively.
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Alpine (NYSE:REVE) announced this afternoon that it has decided to cancel its completion vote for its deal with Two Bit Circus and will instead liquidate its trust.
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Alpine Acquisition Corp. (NYSE:REVE) announced this afternoon that it has decided to cancel its completion vote tomorrow and will instead liquidate its trust.
Within the last month, the SPAC adjourned its special meeting a total of four times as it faced difficulties trying to finalize items necessary in order to complete its proposed merger with Two Bit Circus.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check firm that is to merge with former U.S.
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Trailblazer Merger Corporation I priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBMCU” Wednesday, March 29, 2023.
The SPAC intends to focus its search on companies operating in the technology industry in the following segments: cloud as a service, supply chain technologies, servicing the hybrid workforce and esports.
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Alpine (NYSE:REVE) announced this afternoon that it has again adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus.
The SPAC originally intended to hold its special meeting on February 24, but has adjourned it four times since then.
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Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned its extension vote today and will reconvene the special meeting at 10:30 am ET on March 30.
At the upcoming meeting, the SPAC hopes to gain shareholder approval to extend its completion deadline from April 4, 2023, to October 4, 2023.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Ares Management Corp.
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DiamondHead Holding Corps. (NASDAQ:DHHC) announced in an 8-K this morning that it has entered into subscription agreements with lock-up investors and PIPE investors in connection to its business combination with Great Southern Homes.
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TMT Acquisition Corporation priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TMTCU” Tuesday, March 28, 2023.
The SPAC intends to focus its search on businesses that are operating in Asia and have a strong management team.
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In connection with the previously announced shareholder meeting of two (NYSE:TWOA) to extend the company’s completion deadline from April 1, 2023 to January 1, 2024, the company and two sponsor, have entered into non-redemption agreements with several unaffiliated third parties.
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Khosla Ventures Acquisition Co. III (NASDAQ:KVSC) did not consummate, or execute a letter of intent before March 26, and therefore shall cease all operations except for the purpose of winding up.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Esports giant Faze Clan (NASDAQ:FAZE) is considering a restructure that would see it go private as it continues to struggle financially, according to Sports Business Journal (SBJ).
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Aquaron Acquisition Corp. (NASDAQ:AQU) has entered into a definitive agreement to combine with hydrogen energy company Bestpath at an initial equity value of $1.2 billion.
Shanghai-based Bestpath has developed technology for hydrogen fuel cell-powered heavy trucks and the refilling stations that would supply them.
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