The Latest SPAC News and Rumors: January 12, 2023

Jan 12, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Lucid wins dismissal of lawsuit that claimed it defrauded investors, and DiaCarta receives FDA Emergency Use Authorization for monkeypox test kit

Lucid beats lawsuits claiming it defrauded SPAC investors about production outlook

Lucid Group Inc (NASDAQ:LCID) on Wednesday won the dismissal of a lawsuit accusing the luxury electric car maker of defrauding investors in the special-purpose acquisition company that helped take it public, by significantly overstating its production outlook.

Fat Projects (FATP) and Jack Creek Investment Corp. (JCIC) Postpone Extension Votes

Jan 12, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Fat Projects (NASDAQ:FATP) and Jack Creek (NASDAQ:JCIC) each announced this morning that they were postponing their upcoming extension votes.

Jack Creek is moving its vote originally scheduled for today, January 12, at 10 am ET to the same time January 24.

The Latest SPAC News and Rumors: January 11, 2023

Jan 11, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: IonQ acquires Entangled Networks, e2open enjoys strong Q3 but warns of softening ahead, and California cannabis firm The Parent Co.

Onyx Acquisition Co. I (ONYX) Postpones Extension Vote

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Onyx Acquisition Co. I (NASDAQ:ONYX) announced this afternoon that it has postponed its special meeting to extend its transaction deadline.

The meeting, which was originally scheduled for 9:30 a.m. ET on January 12, will now take place at 9:30 a.m.

Mercato Partners Acquisition Corp. (MPRA) Signs LOI with Nuvini

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Mercato Partners Acquisition Corp. (NASDAQ: MPRA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with Nuvini S.A.

São Paulo, Brazil-based Nuvini acquires and manages a portfolio of high growth software-as-a-service companies.

Berenson Acquisition Corp. I (BACA) Adjourns Extension Vote

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Berenson Acquisition Corporation I (NYSE:BACA) announced this afternoon that it adjourned today’s special meeting to extend its transaction deadline to 12 p.m. ET on February 7.

The SPAC currently has a completion deadline of March 30, but is seeking shareholder approval to extend it to September 30.

TKB Critical Technologies 1 (USCT) & Wejo Go Back to the 2010 SPAC Playbook

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

TKB Critical Technologies 1 (NASDAQ:USCT) has entered into a definitive agreement to combine with vehicle data tracker Wejo (NASDAQ:WEJO) at a pro-forma implied enterprise valuation of $121.7 million or 1.2x 2024E net revenue. Manchester, UK-based Wejo, which previously combined in November 2021 with Virtuouso Acquisition Corp. (a different SPAC), has developed a data analysis suite
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The Latest SPAC News and Rumors: January 10, 2023

Jan 10, 2023 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Ex-banker eyes M&A after SPAC deal forges $60B wealth firm, Virgin Orbit stock plunges as UK launch fails, and Palihapitiya says Musk will take SpaceX’s Starlink public in 2023

Ex-Banker Eyes M&A After SPAC Deal Forges $60 Billion Wealth Firm

Michael Tiedemann turned his back on a Wall Street banking career two decades ago to build a wealth-management firm targeting the world’s super-rich.

RMG Acquisition Corporation III (RMGC) Adjourns Extension Vote

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

RMG Acquisition Corporation III (NASDAQ:RMGC) announced this morning that it adjourned its special meeting to extend its transaction deadline to 10 am ET January 11.

The SPAC’s record date remains November 22 and the ballot is to be the same, but the move may give investors more time to consider the the LOI that RMG III announced with hydrogen technology company H2B2 four days ago.

Newcourt Acquisition Corp (NCAC) to Combine with Psyence Biomed

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Newcourt (NASDAQ:NCAC) has entered into a definitive agreement to combine with psychedelic medicine company Psyence (CSE:PSYG). The Canada-listed company is developing psychedelic drug candidates to potentially treat patients in palliative care and those with severe psychological conditions. The combined company is expected to continue to trade on both the Nasdaq and the Canadian Securities Exchange
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Priveterra Acquisition Corp. (PMGM) Secures $20M Commitment for AEON Biopharma Deal

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Priveterra Acquisition Corp. (NASDAQ:PMGM) and its biopharmaceutical target, AEON Biopharma, announced this morning that they have secured an additional $20 million in commitments from existing investors in connection to its business combination.

The SPAC brought about $276 million into the deal through its current trust but aside from today’s funding, it has not yet supplemented this with other committed sources of capital.

Roth CH IV’s (ROCG) Tigo Energy Secures $50M Convertible Note

Jan 9, 2023 Headline Post, INTEL by Marlena Haddad

Roth CH Acquisition IV Co.’s (NASDAQ:ROCG) target company, Tigo Energy, announced this afternoon that it has signed a definitive agreement with L1 Energy for $50 million of newly issued convertible notes.

The notes will bear a fixed annual interest rate of 5% with a maturity date of 36 months and may be converted at the option of the investor into shares of Tigo common stock or an equivalent equity created as a result of the company’s merger with ROCG.

First Light Acquisition Group (FLAG) to Combine with Calidi Biotherapeutics, Inc. in $335M Deal

Jan 9, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

First Light (FLAG) has entered into a definitive agreement to combine with Calidi Biotherapeutics at an enterprise value of $335 million. La Jolla, California-based Calidi Biotherapeutics is a clinical-stage immuno-oncology company with proprietary technology that delivers oncolytic viruses for targeted therapy against difficult-to-treat cancers. The combined company is expected to trade on the NYSE American
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The Latest SPAC News and Rumors: January 9, 2023

Jan 9, 2023 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Saxo Bank eyes Copenhagen listing after failed SPAC merger, and SPACs win small respite under IRS stock-buyback tax guidance

Saxo Bank eyes Copenhagen listing after failed SPAC merger

Saxo Bank could give its external investors a new chance to cash in, including via an initial public offering, as early as this year, CEO Kim Fournais told Reuters, after plans to merge with Disruptive Capital AC, a blank-check company, collapsed last month.

Paya (PAYA) to Be Acquired by Nuvei for $9.75 Per Share

Jan 9, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Paya (NASDAQ:PAYA), which completed a combination with FinTech III in October 2020, announced this morning that it has agreed to be acquired by its Canadian peer Nuvei (TSX:NVEI) in an all-cash transaction at $9.75 per share.

The Latest Liquidations: January 6, 2023

Jan 6, 2023 Headline Post, INTEL by Marlena Haddad

Latest SPAC Liquidations: TZP Strategies, Authentic Equity, and IG Acquisition Corp

TZP Strategies Acquisition Corp. (TZPS) to Liquidate on January 23

TZP Strategies Acquisition Corp. (NASDAQ:TZPS) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on January 23, 2023.

IG Acquisition Corp. (IGAC) Terminates PlayUp Deal, Will Liquidate

Jan 6, 2023 Headline Post, INTEL by Marlena Haddad

IG Acquisition Corp. (NASDAQ:IGAC) announced in an 8-K this afternoon that it has terminated its business combination with mobile gaming platform PlayUp and will instead liquidate its trust.

The SPAC today disclosed that it provided written notice to PlayUp that it was terminating the business combination, effective immediately.

The Latest SPAC News and Rumors: January 6, 2023

Jan 6, 2023 INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Boxed mulls potential sale, Thailand’s PTT relaunches discussions to buy ReNew Power’s solar assets, and ECARX and smart unveil immersive digital cockpit computing platform

E-tailer Boxed mulls potential sale

Strapped for financing, online bulk-products retailer Boxed Inc.

StoneBridge Acquisition Corp (APAC) to Combine with DigiAsia in $500M Deal

Jan 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

StoneBridge Acquisition Corporation (APAC) has entered into a definitive agreement to combine with fintech firm DigiAsia at a pre-money equity valuation of $500 million. Jakarta-based DigiAsia provides fintech services including credit cards in Southeast Asia and is currently branching into lending and other channels. The combined company is expected to trade on the Nasdaq under
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FG Merger Corp. (FGMC) to Combine with iCoreConnect in $98M Deal

Jan 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

FG Merger Corp. (Nasdaq: FGMC) has entered into a definitive agreement to combine with healthcare workflow platform iCoreConnect at an enterprise value of $98 million. Ocoee, Florida-based iCore Connect is a cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform of applications and services. The combined company
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