KludeIn I Acquisition Corp. (NASDAQ:INKA) announced in an 8-K this afternoon that it has lowered the valuation for its combination target Near while pushing out the deal’s outside date from January 11 to April 11.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Upon completion of the business combination, wealth management industry leader Larry Roth will become executive chairman of the newly created firm, named Binah.
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Tailwind (NYSE:TWND) announced this morning that its shareholders approved its combination with laser technology firm NUBURU at a special meeting earlier today.
The press release did not include redemption figures or a closing date, and Tailwind has a few days to wrap things up before its initial January 9 transaction deadline.
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SPK Acquisition Corp. (NASDAQ:SPK) announced in an 8-K this morning that it has terminated its combination agreement with Varian Bio and will instead liquidate on December 29.
The SPAC did not make a required $50,000 contribution to trust on December 10 to extend its transaction deadline and on December 21 gave notice that it would terminate the merger, citing breaches by Varian of one or more of the deal’s terms.
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Spindletop Health Acquisition Corp. (NASDAQ:SHCA) announced that in accordance with the announced December 20, 2022 termination date set by its Board of Directors, the company expects to redeem all outstanding public shares by December 27, 2022, following which it will be dissolved, liquidated and wound up.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) each announced this morning that they have signed non-redemption agreements a day after adjourning their extension votes.
The moves are functionally identical with each securing the agreement of third parties not to redeem a total of 200,000 shares in each SPAC that were previously purchased at the vehicles’ IPOs.
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Biotech Acquisition Company (NASDAQ:BIOT) announced in an 8-K that it has agreed to sell most of its sponsor economics and undergo a management change.
An investor registered as IREEM LLC is purchasing 5,455,000 of Biotech’s promote shares (94.8%) and all 6,000,000 of its private placement warrants for $470,000 in total.
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AF Acquisition Corp’s (NASDAQ:AFAQ) board of directors has determined to liquidate and dissolve the company as soon as practicable before December 31, 2022.
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Northern Star Investment Corp. II (NYSE:NSTB) and Pivotal Investment Corp. III (NYSE:PICC) both announced this afternoon that their extension votes, originally scheduled for today, have been adjourned to December 28.
Both SPACs expect to use this additional time to engage with their stockholders and solicit redemption reversals.
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Far Peak Acquisition Corporation (NYSE: FPAC) announced in a statement this afternoon that it has mutually terminated its combination agreement with cryptocurrency exchange Bullish.
The SPAC combination had an Outside Date of December 31, 2022, and it appears the transaction timeline did not unfold as originally anticipated and had yet to clear the SEC.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
E-scooter sharing firm Bird Canada Inc.
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Horizon Space Acquisition I Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HSPOU” Thursday, December 22, 2022.
The new SPAC intends to acquire emerging growth companies that either grow into a position to generate cash or are already cash-generative.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Concord Acquisition Corp.’s
COVA Acquisition Corp. (NASDAQ:COVA) announced this morning that its shareholders have approved and closed its business combination with global mobility tech company ECARX Holdings during a special meeting held on Wednesday, December 14.
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