As previously disclosed, Deep Medicine Acquisition Corp. (NASDAQ:DMAQ) and its sponsor, Bright Vision Sponsor LLC, have entered into certain non-redemption agreements with certain unaffiliated third parties in connection with the special meeting on July 13.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
As former President Donald Trump’s Truth Social experienced trouble in the past few months, the company’s head of engineering announced his resignation, which dealt a significant setback to the social media platform.
Freedom I (NYSE:FACT) announced this morning that it has closed its combination with residential solar developer Complete Solaria and the combined company’s shares and warrants are expected to trade on the Nasdaq under the symbols “CSLR” and “CSLRW” later today, July 18.
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Tristar Acquisition I Corp. (NYSE:TRIS) announced in a filing this afternoon that it has adjourned its special shareholder meeting until tomorrow, July 18, at 4 pm ET.
The SPAC conducted the meeting as scheduled today but could not confirm the presence of enough attendees to establish a quorum.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Pardes Biosciences (NASDAQ:PRDS), which combined with FS Development Corp. II in December 2021, announced that it has agreed to be acquired by MediPacific for $2.02 to $2.19 per share for a premium of 8%-17% over its last closing price.
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Portage Fintech Acquisition Corporation (NASDAQ:PFTA) announced in a filing this morning that it has postponed its special shareholder meeting two days to 10 am ET July 21 from July 19.
Shareholders are to consider giving Portage Fintech a one-year transaction deadline extension, pushing the SPAC’s out to July 31, 2024 in exchange for no new contribution to its trust.
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On July 14, 2023, Portage Fintech Acquisition Corporation (NASDAQ:PFTA) and its sponsor entered into non-redemption agreements with certain unaffiliated third parties in exchange for the Holder or Holders agreeing either not to request redemption in connection with the Extension or to reverse any previously submitted redemption demand in connection with the Extension with respect to an aggregate of 200,000 Class A ordinary shares.
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Sustainable Development Acquisition I Corp. (NASDAQ: SDAC) announced today that the directors of the company have determined to dissolve and liquidate the company.
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Digital Health Acquisition Corp (NASDAQ:DHAC) announced in an 8-K this afternoon that its PIPE investors will not close the financing in connection with its business combination with telehealth software firm VSee and digital healthcare provider iDoc.
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Alpha Healthcare Acquisition Corp. III (NASDAQ:ALPA) announced this afternoon that it has closed its combination with drug developer Carmell having secured shareholder approval at a special meeting on July 11.
The combined company’s shares and warrants are expected to begin trading on the Nasdaq under the symbols “CTCX” and “CTCXW” on July 17.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Intuitive Machines, Inc.
Freedom I (NYSE:FACT) announced in an 8-K this morning that it has added financing arrangements worth up to about $80 million to its combination with residential solar developer Complete Solaria.
The new money fills a significant funding gap after Freedom I revealed it had 99% of its shares redeemed at the end of its completion vote, leaving it with just 335,492 shares remaining and about $3.5 million in trust.
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The London Stock Exchange has seen several of its companies decamp for Wall Street and SPACs have become a new avenue for those companies to skip across the pond.
This week, we speak with Hervé Tessler, CEO of Noventiq (LSE:NVNQ) and Jerry Letter, CFO and COO of Corner Growth Acquisition Corp.
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As previously disclosed, Stratim Cloud Acquisition Corp. (NASDAQ:SCAQ) mutually terminated its deal with Force Pressure Control.
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Nabors Energy Transition Corp. II priced its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NETDU” Friday, July 14, 2023.
The company intends to seek companies that are actively driving the energy transition and have technology focused on providing clean, dispatchable and scalable power from multiple sources, to meet growing demand without compromise to decarbonization.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
On July 11, 2023, Deep Medicine Acquisition Corp. (NASDAQ:DMAQ) and Bright Vision Sponsor LLC entered into certain non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem certain shares of Class A common stock in connection with the special meeting to consider and approve an extension from July 29, 2023 to January 29, 2024.
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