Distoken Acquisition Corporation. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DISTU” Wednesday, February 15, 2023.
The new SPAC intends to focus on opportunities in the technology industry that have their primary operations located in Asia.
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Legato Merger Corp II (NASDAQ:LGTO) announced it has now closed its combination with construction firm Southland Holdings and the combined company’s shares and warrants will soon trade under the symbols “SLND” and “SLNDW”, respectively.
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Aesther Healthcare (NASDAQ:AEHA) announced this morning that it has closed its combination with Ocean Biomedical after its shareholders approved the transaction at a special meeting on February 3.
The combined company’s shares and warrants are expected to begin trading today under the symbols “OCEA” and “OCEAW”, respectively.
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Khosla Ventures (NASDAQ:KVSA) and Stratim Cloud (NASDAQ:SCAQ) each announced non-binding letters of intent with potential combination targets and provided varying levels of information along with the news.
Stratim Cloud at least named its target as Force Pressure Control, an energy firm that provides tools and services for fracking natural gas wells.
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Cascadia Acquisition Corp. (Nasdaq: CCAI) announced this afternoon that it is postponing its special meeting to extend its completion deadline from February 15 to February 22.
As a result of the postponement, the redemption deadline has also been extended from February 13 to February 17.
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ABG Acquisition Corp. I (Nasdaq: ABGI) today announced that as of the close of business on February 21, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive from the trust the per-share redemption price for the shares to be announced at a later date.
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CENAQ Energy Corp. (NASDAQ:CNAQ) announced in an 8-K this afternoon that it has entered into a PIPE agreement with a number of new investors, adding $24 million to its combination with gasoline supplier Bluescape Clean Fuels.
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Forum Merger IV Corporation (Nasdaq: FMIV) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with a target in the online gaming industry.
Today’s press release stated that the unnamed target provides customers with an expansive portfolio of digital gaming products, bringing in $300 million in revenue for 2022.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Well-heeled NYC commuters looking to dodge traffic and reach their destination in style may soon have another option: taking to the sky in an electric air taxi.
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Mars Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MARXU” Tuesday, February 14, 2023.
The new SPAC intends to focus on opportunities in automobiles, healthcare, financial technology, cyber security, cleantech, software, Internet and AI, specialty manufacturing and any other related technology innovations market.
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Medicus Sciences Acquisition Corp. (Nasdaq: MSAC) announced today its board has elected to dissolve and liquidate the company and will redeem all of the outstanding Class A ordinary shares at a per-share redemption price of approximately $10.18.
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Last Friday, SilverBox Corp. III filed for a $100 million IPO to sell 10 million units for a prospective business combination with one or more businesses with an aggregate enterprise value over $750 million.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The investment firm of John Doerr, the billionaire chairman of Kleiner Perkins, will put $10 million into Complete Solaria, the solar company that’s merging with the blank-check vehicle started by Tidjane Thiam, a former CEO at Credit Suisse Group AG.
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Lidar-maker Ouster (NYSE: OUST) and autonomous vehicle technology company Velodyne Lidar (NASDAQ: VLDR) announced this morning that the two de-SPACs have successfully completed their merger.
The lidar duo initially announced their all-share merger transaction just a few months ago in November, taking a step up to further consolidation in the autonomous vehicle technology sector.
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Inflection Point Acquisition Corp. (NASDAQ:IPAX) announced this morning that it has landed its combination with Intuitive Machines to close following a shareholder vote at its special meeting on February 8.
The combined company’s shares and warrants are expected to trade on Nasdaq under the ticker symbols “LUNR” and “LUNRW,” respectively, on February 14.
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