The Latest SPAC News and Rumors: January 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Top 3 SPAC Targets – Big Data
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among players in the Big Data space We look at why they are compelling and why each could be a fit for a blank-check merger.
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Viscogliosi Brothers Acquisition Corp. (VBOCU) Prices $75M IPO
Viscogliosi Brothers Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VBOCU” Friday, January 7.
The new SPAC intends to focus on businesses that have their primary operations located in North America and Europe in the neuro-musculoskeletal industry.
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C5 Acquisition Corp. (CXAC.U) Prices $250M IPO
C5 Acquisition Corp. announced the pricing of its $250 million IPO and its units are expected to begin trading on the NYSE under the symbol “CXAC.U” Friday, January 7.
The new SPAC intends to focus on businesses at the leading edge of national security innovation in three key sectors: Space, Cybersecurity, and Energy Transition.
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The Latest SPAC News and Rumors: January 6, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Vertex set to be first SPAC to list in Singapore; Delaware Chancery Court opens door to liability for SPACs
Temasek-Backed Vertex Set to Be First SPAC to List in Singapore
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Benessere Capital Acquisition Corp. (BENE) Adjourns Extension Vote Due to Low Voter Turnout
Benessere (NASDAQ:BENE) has adjourned its extension vote to 10 am ET January 7 as it works to round up votes having failed to achieve sufficient turnout at its original special meeting on January 5.
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Screaming Eagle Acquisition Corp. (SCRMU) Prices $750M IPO
Screaming Eagle Acquisition Corp. announced the pricing of its $750 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SCRMU” Thursday, January 6.
The new SPAC intends to combine with a media or entertainment business in international markets that have multiple, diverse potential drivers of revenue and/or earnings growth.
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The Latest SPAC News and Rumors: January 5, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Fertitta’s Golden Nugget taps loan market to refinance debt, ex-Citi exec and SPAC directors face trial over MultiPlan deal, and crypto YouTuber Matt Khors makes Rumble his preferred platform
Billionaire Fertitta’s Golden Nugget Taps Loan Market to Refinance Debt
Billionaire Tilman Fertitta’s casino business Golden Nugget Inc. is
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Cartica Acquisition Corp. (CITEU) Prices $200M IPO
Cartica Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CITEU” Wednesday, January 5.
The new SPAC intends to combine with an innovative, technology-focused business based in India with an equity value of approximately $1 billion or higher.
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Novus Capital Corp. II (NXU) Adds $50M to PIPE for Energy Vault Deal
Novus Capital Corp. II (NYSE:NXU) has added $50 million to its PIPE for its combination with kinetic energy storage company Energy Vault.
This new funding came from an accredited investor under the same $10 per share terms as the existing PIPE.
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VPC Impact III (VPCC) Shareholders Approve Dave Deal
VPC Impact Acquisition Holdings III, Inc. (NYSE:VPCC) announced today that its shareholders have approved its combination with fintech platform Dave.
The vote was overwhelmingly approved as it received 22,703,814 votes in favor of the business combination.
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The Latest SPAC News and Rumors: January 4, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Pico acquires Redline Trading Solutions, Anghami delivers new user experience through partnership with Amazon Alexa, and Novo Tellus gets nod for SPAC listing
Pico Acquires Redline Trading Solutions
Pico, a leading provider of mission critical technology, data and analytic services for the financial markets community, today announced that it has acquired Redline Trading Solutions, a multi award-winning provider of high performance trading and market data software solutions.
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Globis Acquisition Corp. (GLAQ) Adds Up to $29.5M to Forafric Deal
Globis (NASDAQ:GLAQ) announced this morning in an 8-K that it has agreed to funding mechanisms that would bring up to $29.5 million in new capital to its combination with African agribusiness Forafric. This new money comes in the form of a $9.5 million convertible note, which will automatically convert to shares in the post-combination atRead More
The Latest SPAC News and Rumors: January 3, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Securities Commission Malaysia revision could revive more SPACs; Alpha Tau completes enrollment of Japanese pivotal clinical trial
SC’s Revision Could Revive More SPACs in Malaysia
The revised equity guidelines for the enhanced SPAC framework from Jan 1, 2022 are expected to make the asset class a more attractive option for promoters and potential investors.
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Capstar Special Purpose (CPSR) Adds Backstop to Gelesis Deal
Capstar (NYSE:CPSR) announced in an 8-K this morning that it is has added a $15 million backstop to its combination with biotech firm Gelesis to secure the deal’s cash terms ahead of its shareholder vote. The backstop combines with the transaction’s existing $90 million PIPE to meet the deal’s $105 million minimum cash condition onRead More
SPACInsider Awards: 2021 SPAC Deal of the Year
2021 was a roller coaster of a year filled with some truly remarkable events. From the sheer volume and exuberance of the first quarter to the 55+ law firms banding together to reject a frivolous lawsuit, could anyone say they remember a wilder year than 2021?
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The Latest SPAC News and Rumors: December 31, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Former Sony PlayStation CEO launches $225 million gaming SPAC and EToro’s valuation dips over 15% to $8.8B after amended deal
Early Sony PlayStation Boss Launches $225 Million Gaming SPAC
The former CEO of Sony Computer Entertainment America, who helped make the PlayStation a popular gaming console, is leading a $225 million SPAC that’s pursuing a deal in the video game industry.
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The Latest SPAC News and Rumors: December 30, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Tikehau Capital receives eligibility to list its SPAC on Singapore Exchange
Tikehau Capital Said to Get Nod for SPAC Listing in Singapore
European asset manager Tikehau Capital SCA has received an eligibility-to-list letter from the Singapore exchange for its blank-check company, according to Bloomberg.
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CF Acquisition Corp. V (CFV) Adjourns Vote for Satellogic Deal for Third Time
CF Acquisition Corp. V (NASDAQ:CFV) announced in a press release this morning that it has adjourned its special meeting to vote on its combination with orbital imagery company Satellogic.
This marks the third time CFV has adjourned the shareholder meeting citing it still needs additional time to continue discussions regarding further financing for the post-combination company.
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TPG Pace Beneficial Finance and EVBox Mutually Terminate Deal
TPG Pace Beneficial Finance (NYSE:TPGY) and EVBox Group, a global provider of EV charging technologies, announced this evening they have opted to mutually terminate their business combination agreement.
TPGY and EVBox originally announced their intended combination over a year ago on December 10, 2020.
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