Thrive Acquisition Corporation (NASDAQ: THAC) announced today that it intends to liquidate and dissolve, effective as of the close of business on January 25, 2023, and will redeem all of the outstanding Class A ordinary shares at an anticipated per-share redemption price of approximately $10.36.
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OCA Acquisition Corp. (NASDAQ:OCAX) announced this afternoon that it adjourned today’s special meeting until tomorrow, January 19, at 9:00 a.m. E.T.
Today’s meeting was being held to vote on an amendment to extend OCAX’s completion deadline.
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Onyx Acquisition Co. I (NASDAQ: ONYX) announced this afternoon that it is in discussions to combine with Helios Investment Partners at an enterprise value of $1 billion.
The proposed merger would result in the creation of a newly combined company focused on the development of natural gas and low-carbon energy in Africa and would be called Helios Energy Transition Infrastructure (HETI).
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Armada Acquisition Corp. I (Nasdaq: AACI) filed a supplement to its extension proxy yesterday with some language that was sure to raise a few eyebrows in the SPAC investor community. Namely, that it wants the ability to remove earned interest from the trust account to pay for any excise tax due to redemptions.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Singapore-based superapp developer Grab (NASDAQ:GRAB) is cementing its position as the dominant food delivery player in the Association of Southeast Asian Nations, even as growth in the once booming digital service dramatically slows, a report released on Tuesday showed.
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Volta Inc. (NYSE:VLTA), which completed a combination with Tortoise Acquisition Corp. II in August 2021, announced this morning that it has agreed to be acquired by Shell, a subsidiary of Shell plc (NYSE: SHEL), in an all-cash transaction at $0.86 per share.
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Ares Acquisition Corporation (NYSE:AAC) announced this morning that it has decided to reschedule its January 24 shareholder meeting to 9:30 am ET February 2.
Shareholders will now have until January 31 to make redemption decisions.
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Global Partner Acquisition Corp. II (NASDAQ:GPAC) announced in an 8-K this morning that it has transferred control of its sponsor to affiliates of New York-based private equity firm Antarctica Capital Partners.
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Crown PropTech Acquisitions (NYSE:CPTK) announced in an 8-K this afternoon that it has agreed to sell most of its sponsor shares and will undergo a change in management.
CIIG Management III LLC entered into a securities assignment agreement with CPTK to purchase 5,662,000 Class B ordinary shares and 250,667 private placement warrants.
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Blockchain Coinvestors I (NASDAQ:BCSA) announced this afternoon that it has postponed its shareholder meeting to extend its transaction deadline.
The meeting, which was originally scheduled for January 18, will now take place at 11:30 a.m.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
As FTX battles with its bankruptcy proceedings, one of the four assets it put on sale, FTX Japan, has caught the interest of Tokyo-based financial services company Monex Group.
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Energem Corp. (NASDAQ:ENCP) announced this morning that it has secured a Standby Equity Purchase Agreement with YA II, managed by Yorkville Advisors Global, in connection to its proposed merger with sustainable materials maker Graphjet Technology.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Stanford Law Professor Michael Klausner’s legal push aimed at showing SPACs are a rip-off for everyday investors is going as well as he could have hoped.
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In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi.
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Israel Acquisitions Corp. priced its $125 million IPO and its units began trading on the Nasdaq under the symbol “ISRLU” Friday, January 13, 2023.
The Company intends to focus on high-growth technology companies that are domiciled in Israel, and that either carry out all or a substantial portion of their activities in Israel or have some other significant Israeli connection.
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SVF Investment Corp. (Nasdaq: SVFA) today announced that as of the close of business on January 27, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive their pro-rata share in its trust account.
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