Manufacturing technology company Berkshire Grey (NASDAQ:BGRY), which closed a combination with Revolution Acceleration in July 2021, announced over the weekend that it is being acquired by SoftBank in a take-private transaction priced at $1.40 per share.
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In connection with the special meeting of stockholders of ExcelFin Acquisition Corp. (NASDAQ:XFIN) to extend its completion deadline from April 25, 2023 to October 25, 2023, the company and its sponsor, ExcelFin SPAC LLC, entered into a non-redemption agreement with an unaffiliated third party.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A Momentus Inc.
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DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this morning that its shareholders approved its combination with Great Southern Homes at a special meeting March 23.
Only 109,426 shares were redeemed in the connection with the vote, but DiamondHead has seen about 87% redemptions in total across all previous votes, leaving it with about $43.9 million in its trust.
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Graf Acquisition Corp. IV (NYSE:GFOR) announced that it has signed a non-binding letter of intent to combine with clinical-stage biopharma company NKGen.
This announcement is not a pure teaser as Graf IV is not facing an imminent extension vote and currently has until May 25 on its clock.
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Oak Woods Acquisition Corporation priced its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OAKU” Friday, March 24, 2023.
The SPAC intends to focus on businesses that have their primary operations in the technology-enabled healthcare services industry located in the Asia-pacific region.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SMX PLC (NASDAQ: SMX), a company focused on digitizing physical objects on the blockchain to enable a circular and closed loop economy, today announced that alongside a global steel and mining leader, it has successfully marked steel at a manufacturing facility in Europe, for brand identification, ethical sourcing and for recycle and reuse (green steel) purposes for electric vehicles and renewable energy infrastructure.
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Between the various recent cases in the Delaware courts, such as Boxed, which involved the different SPAC voting classes, or the Multiplan case, or Arrival, all of which are in addition to the 1% excise tax on share buybacks, there has been a noticeable trend of SPACs moving to off-shore domiciles.
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two (NYSE:TWOA) announced in an 8-K this morning that it has transferred the majority of its sponsor interest to a new team led by SPAC veteran Thomas Hennessy.
The new sponsor entity HC Proptech Partners III is to purchase 4,854,375 promote shares (90.9%) for undisclosed cash consideration and all current SPAC officers are expected to resign.
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Metals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this afternoon that it has entered into a silver stream equity subscription agreement, redemption backstop, and copper stream equity subscription agreement to support its combination with Glencore’s (LON:GLEN) CSA Copper Mine.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Fighting for digital services market share in developed markets can be uphill sledding, but what if what you are offering has no legacy competitor to replace?
This week, we speak with Greg Moran, Co-Founder and CEO of Zoomcar. Zoomcar
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Digital World (NASDAQ:DWAC) announced this morning that it has replaced CEO Patrick Orlando with Eric Swider, who is stepping up from a director position.
The move is the just the latest installment in a long, winding road that Digital World has taken since announcing a business combination with Trump Media and Technology Group (TMTG) all the way back in October 2021.
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DiamondHead Holdings Corp. (NASDAQ:DHHC) announced this morning that it has added convertible note and PIPE financing that is expected to bring up to $155 million in new financing to its combination with Great Southern Homes.
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On March 21, Aries I Acquisition Corporation (NASDAQ:RAM) announced that it will not seek an extension of the time to complete an initial business combination and that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on March 21.
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KludeIn I (NASDAQ:INKA) announced this afternoon that its shareholders have approved its combination with data intelligence platform Near.
Holders of 4,543,306 shares of KludeIn’s common stock were present at yesterday’s special meeting.
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Maxpro Capital (NASDAQ:JMAC) announced this afternoon that its shareholders have approved its combination with biopharmaceutical firm Apollomics.
An aggregate of 10,804,097 shares of Maxpro’s common stock were present at yesterday’s special meeting.
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