BYTE Acquisition Corp. (NYSE:BYTS) has inked a non-binding letter of intent to combine with public safety technology firm Airship AI that would give the company an enterprise value of $290 million. The SPAC is heading into a vote to extend its transaction deadline on March 16. This would move its deadline from March 23 to
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Monterey Bio Acquisition Corp. (NASDAQ:MTRY) announced in an 8-K this morning that its co-sponsors, NorthStar Bio Ventures and Chardan Monterey Investments, entered into a share transfer agreement and will rebrand the company.
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JATT (NYSE:JATT) announced in an 8-K this morning that it will now issue 2,500,000 new shares to its FPA investors following the close of its business combination with Zura Bio.
FPA investors Athanor Master Fund and affiliates already agreed to expand their FPA purchases last month to 3,000,000 shares at $10 per share and provide a binding redemption backstop of $15 million covering any redemptions in excess of 90%.
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On March 9, 2023, the board of directors of Pine Technology Acquisition Corp.
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On March 8, Inception Growth (NASDAQ:IGTA) and its sponsor, Soul Venture Partners LLC, entered into non-redemption agreements with certain unaffiliated third parties holding 1,200,000 shares. In
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Silver Spike Acquisition Corp. II (NYSE:SPKB) announced in an 8-K this afternoon that it intends to adjourn its extension meeting indefinitely.
The SPAC originally scheduled its vote for March 6, but adjourned it to tomorrow, March 10, hoping that the extra days would give its sponsor more time to engage with its investors and possibly ink non-redemption agreements which have become increasingly common.
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Athena Consumer (NYSE:ACAQ) announced in an 8-K this afternoon that its forward purchase agreement (FPA) for up to 15,000,000 shares with Vellar Opportunity Fund has been terminated.
The filing provided no other detail on the cause or context to the termination.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Turkish mobility app Marti is in a legal battle over its new taxi-hailing service with Istanbul’s top yellow cab group, as the tech company prepares to list on the New York Stock Exchange through a merger with Galata (NYSE:GLTA).
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Frontier Acquisition Corp. (Nasdaq: FRON), a special purpose acquisition company, today announced that it will redeem all of its outstanding Class A ordinary shares, with such redemption anticipated to be effective as of the close of business on March 16, 2023.
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On March 6, Inception Growth (NASDAQ:IGTA) and its sponsor, Soul Venture Partners LLC, entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 2,100,000 shares of its common stock in connection with its extension vote on March 13.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Lordstown Motors Corp.
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Lionheart III (NASDAQ:LION) announced this morning that it has closed its deal with advanced materials company Security Matters (ASX:SMX).
The business combination was approved by shareholders at a special meeting held on January 30, but LION was unable to close the deal until now.
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KINS Technology Group Inc. (NASDAQ:KINZ) announced in an 8-K this afternoon that it has postponed its special meeting to complete its transaction with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application.
The completion vote was originally scheduled to be held tomorrow, March 8, but will now be pushed back until Friday, March 10 at 1:30 p.m.
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On March 3, 2023, Arbor Rapha Capital Bioholdings Corp.
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Banner Acquisition Corp. (NASDAQ: BNNR) this afternoon announced that it has entered into multiple non-binding letters of intent (LOI) with target companies in the property services sector.
The SPAC did not disclose exactly how many targets will be a part of this possible merger, but it intends to continue seeking additional acquisition targets that provide services in similar areas such as cleaning, HVAC, plumbing, landscaping, pest control, and residential solar.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Amprius Technologies has signed a letter of intent to build a 775,000 square foot battery manufacturing facility capable of producing 5 GWh of silicon anode-based lithium-ion batteries in the coming years.
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Churchill Capital Corp V (NYSE:CCV) this morning revealed that the letter of intent it has had pending for the past three months is with proptech firm Sustainable Living Innovations.
Sustainable Living produces panelized building systems for multifamily homes that are manufactured at its 91,000-square-foot Tacoma, Washington facility.
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First Reserve Sustainable Growth Corp. (NASDAQ: FRSG) today announced that it will redeem all outstanding shares of its Class A common stock, effective as of the close of business on March 10, 2023.
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