Pathfinder Acquisition Corp. (NASDAQ:PFDR) announced in an 8-K filing that its shareholders approved its combination with motion-capture technology company Movella at a special meeting February 8.
A total of 28,961,090 shares were redeemed in connection with the vote however, removing 89.1% of the SPACs trust and leaving $36.2 million remaining.
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Inflection Point Acquisition Corp. (NASDAQ:IPAX) announced this afternoon that its shareholders approved its combination with space services company Intuitive Machines at a special meeting held earlier today.
At the meeting, a total of 33,753,152, or 81.89%, of Inflection Point’s issued and outstanding ordinary shares were present either in person or by proxy.
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AXIOS Sustainable Growth Acquisition Corp. (NYSE:AXAC) announced in an 8-K this afternoon that it has signed non-redemption agreements with one or more third parties.
The investors hold an aggregate of 400,000 shares of common stock and have agreed to not redeem their shares at AXAC’s upcoming extension meeting on February 14.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Austrian real estate investor and billionaire Rene Benko wrote off the expected benefits of a merger with cycling retailer Wiggle Group before injecting more capital into his troubled sports retail business.
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New Vista Acquisition Corp. (NASDAQ:NVSA) announced this morning that it is postponing its special meeting to extend its completion deadline from February 10 to 10 am ET February 15.
The SPAC’s sponsor will also now deposit $200,000 into the trust for each monthly extension up to $2.4 million if the full 12 months are required, bringing its new deadline to February 19, 2024.
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Seaport Global Acquisition II Corp. (NASDAQ:SGII) announced in an 8-K this morning that it has signed non-redemption agreements with investors representing 1,581,138 shares ahead of its February 13 special meeting to extend its transaction deadline.
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Mountain Crest Acquisition Corp. III (NASDAQ:MCAE) announced this afternoon that its shareholders approved its combination with healthcare group ETAO at a special meeting held earlier today.
The filing did not divulge redemption figures or a closing time, but the SPAC’s shares dropped to a low of $9.10 on the day of its redemption deadline, below its estimated trust value of $10.00 per share.
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Crown PropTech Acquisitions (NYSE: CPTK) announced that it convened and then adjourned today’s special meeting, without conducting any business, to recommence on Thursday, February 9.
At the meeting, the SPAC is looking to gain shareholder approval to extend its completion deadline by an entire year from February 11, 2023, to February 11, 2024.
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Moringa Acquisition Corp. (Nasdaq: MACA) announced that today’s special meeting was convened and then adjourned, without conducting any business, to recommence on Thursday, February 9.
The SPAC is currently facing a deadline of February 19, but is looking to extend its timeline by an additional six months to August 19.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The US-based SPAC that has been planning a merger with the operating entities of Philippines integrated resort Okada Manila has filed a lawsuit against those entities claiming they have breached their obligations under their original merger agreement.
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LF Capital Acquisition Corp. II (NASDAQ:LFAC) has changed the redemption deadline in connection with its upcoming extension vote from February 15 to February 17.
The SPAC has not yet announced a change to the February 15 special meeting date.
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AMCI Acquisition Corp. II (NASDAQ:AMCI) announced that it has added a $5 million PIPE at $10 per share to its combination with carbon capture firm LanzaTech and its shareholders approved the transaction at a special meeting February 6.
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FTAC Athena (NASDAQ:FTAA) has announced that it will cancel its special meeting scheduled for Wednesday, February 15 to extend its transaction deadline.
The SPAC currently faces a completion deadline of February 25, but was hoping to gain shareholder approval at the meeting to extend its timeline up to six times for an additional one month each time, to August 25.
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OceanTech I (Nasdaq: OTEC) announced this afternoon that it is mutually terminating its combination with Majic Wheels Corp.
The SPAC did not elaborate further on the termination but noted it will continue on and seek a new business combination.
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Just when you think the excise-tax issue might be getting close to being resolved… and then a new log gets thrown onto the fire.
In the ongoing discussion of the 1% excise tax issue, there seemed to be some consensus being built among investors and teams that it was verboten to ask investors to pay for it.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Mike Cagney, the former chief executive officer of lending giant SoFi, is searching for investors for his latest startup, Figure Technologies Inc.
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Anzu Special Acquisition Corp. I (NASDAQ: ANZU) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with Envoy Medical at an equity value of approximately $150 million.
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Aesther Healthcare Acquisition Corp. (NASDAQ:AEHA) announced this morning that its shareholders approved its combination with biotech firm Ocean Biomedical at a special meeting held on February 3.
The filing did not divulge redemption figures or a closing time, but the SPAC’s shares spiked to a high of $12.50 on the day of the vote before settling to a close at $11.00, above its estimated trust value of $10.20 per share.
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Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it has rescheduled its extension vote for a second time, now set for noon, February 10.
The SPAC is also now seeking pulling back the final length of the extension from September 11 to August 11.
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