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The Latest SPAC News and Rumors: October 29, 2021

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The Latest SPAC News and Rumors: October 29, 2021

Oct 29, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Trump media deal advisers were reprimanded by SEC, Marjorie Taylor Greene buys Trump-linked SPAC during height of trading frenzy, and DocGo secures multiple new contracts

Trump Media Deal Partner Advisers Were Reprimanded by the SEC

The financiers – Abraham Cinta, Sergio Camarero, Carlos Lopez and Jesus Emilio Hoyos Quintero – are managing partners of ARC Group Ltd, a Shanghai-based investment bank listed in a regulatory filing as a financial adviser to Digital World Acquisition Corp (NASDAQ:DWAC), the shell company merging with the former U.S.

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Tailwind Two (TWNT) Reveals Key Financing Details for Terran Orbital Deal

Oct 29, 2021 INTEL by Nicholas Alan Clayton
Tailwind Two (NYSE:TWNT), which announced a $1.57 billion business combination with satellite-maker Terran Orbital yesterday evening, filed an 8-K this morning showing financing details of the deal that are softer than face value and may have dilutive effects down the road. First, the $50.8 million PIPE agreement includes $30 million from an existing Terran Orbital
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SDCL EDGE Acquisition Corp. (SEDA.U) Prices $175M IPO

Oct 29, 2021 IPOs by Marlena Haddad

SDCL EDGE Acquisition Corp announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “SEDA.U” Friday, October 29.

The new SPAC intends to focus on opportunities created by the rapid shift towards energy efficient and decentralized energy solutions for a lower carbon economy and, in particular, for the built environment and transport sectors.

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Tailwind Two Acquisition Corp. (TWNT) to Combine with Terran Orbital in $1.57Bn Deal

Oct 28, 2021 INTEL by Marlena Haddad
Tailwind Two (NYSE:TWNT) has entered into a definitive agreement to combine with satellite-maker Terran Orbital at an enterprise value of $1.575 billion. The Boca Raton, Florida-based company provides small satellite solutions for military, intelligence community, civil and commercial customers. The combined company is expected to trade on NYSE under the symbol “LLAP” once the deal is completed in
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Spartacus Acquisition Corp. (TMTS) Shareholders Approve NextNav Deal

Oct 28, 2021 INTEL by Marlena Haddad
Spartacus Acquisition Corp. (NASDAQ:TMTS) announced in a press release today that it secured shareholder approval of its combination with GPS mapping company NextNav in a special meeting held yesterday. Although Spartacus did not disclose redemption numbers, TMTS traded above $10 throughout its redemption deadline October 25. The deal was closed today and the combined company
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The Latest SPAC News and Rumors: October 28, 2021

Oct 28, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Solid Power partners with SK Innovation, ex-Barclays banker Azar sees more SPAC scrutiny following crackdown, and Cantor plans hiring spree

Solid Power Partners with SK Innovation to Jointly Produce All-Solid-State-Batteries

Solid Power, Inc.,

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Gores Metropoulos II (GMII) Re-Strikes Deal with Sonder

Oct 28, 2021 INTEL by Nicholas Alan Clayton
Gores Metropoulos II (NASDAQ:GMII) announced this morning it has revised its deal with accommodation-booker Sonder and increased funding for the transaction. The revision drops Sonder’s envisaged enterprise value 12.5% from $2.2 billion to $1.925 billion, but for Sonder this is softened by $110 million in new funding into the PIPE from Gores II affiliates and
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Decarbonization Plus III (DCRC) Adds $30M to Solid Power PIPE

Oct 28, 2021 INTEL by Nicholas Alan Clayton
Decarbonization Plus III (NASDAQ:DCRC) has boosted the PIPE for its combination with battery-maker Solid Power, adding $30 million in new funding. The new funding comes from Korean petroleum refiner SK Innovation (KRX:096770) and brings the deals total PIPE proceeds to $195 million. This brings Decarbonization Plus III closer to securing its $300 million minimum cash
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Focus Impact Acquisition Corp. (FIACU) Prices $200M IPO

Oct 28, 2021 IPOs by Marlena Haddad

Focus Impact Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FIACU” Thursday, October 28.

The new SPAC intends to focus its search on businesses that are, or seek to be positioned as, a “Social-Forward Company”, which are companies that marry operating excellence with the desire to create Social good, with the benefit of increasing attention and capital flows to such companies while amplifying their social impact.

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Perception Capital Corp. II (PCCTU) Prices $200M IPO

Oct 27, 2021 IPOs by Marlena Haddad

Perception Capital Corp. II  announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PCCTU” Thursday, October 28.

The new SPAC intends to concentrate its efforts on identifying and acquiring a technology-enabled company with a proven business model operating within one of the multiple sectors benefitting from secular tailwinds in industrial technology, which includes businesses focused on: mobility and autonomous motion, automation components and systems, material handling solutions, robotics, additive manufacturing, Internet of Things and connectivity; as well as the sustainability sector with businesses focused on: energy storage, advance battery technologies, the hydrogen economy, waste-to-energy, renewable energy, recycling, building energy management and technologies for clean food, water and air.

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Trident (TDAC) Pre-Announces Light Redemptions with Lottery.com

Oct 27, 2021 INTEL by Marlena Haddad
Trident Acquisition Corp. (NASDAQ:TDAC) pre-announced its redemption amounts this afternoon in a press release ahead of its shareholder meeting tomorrow to vote on its combination with mobile app and data provider Lottery.com. TDAC reported that just 21,000 shares of its common stock were redeemed in connection with its proposed business combination. Stockholders holding 5,765,400 shares,
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Mountain Crest Acquisition Corp. II (MCAD) Shareholders Approve Better Therapeutics Deal

Oct 27, 2021 INTEL by Marlena Haddad
Mountain Crest Acquisition Corp. II (NASDAQ:MCAD) announced in a press release that it secured shareholder approval of its combination with biopharmaceutical firm Better Therapeutics in a special meeting held earlier today. Although the press release did not disclose redemption amounts, MCAD traded below $10 throughout its redemption deadline October 25.  However, the SPAC reached a
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Greenrose Acquisition Corp. (GNRS) Shareholders Approve Cannabis Deal

Oct 27, 2021 INTEL by Marlena Haddad
Greenrose Acquisition Corp. (NASDAQ:GNRS) secured shareholder approval of its combination with four cannabis companies, Shango, Futureworks LLC, Theraplant LLC, and True Harvest LLC, in a special meeting held earlier today. A total of 15,529,504 shares of common stock, representing approximately 70.93% of the voting power, were present at today’s meeting. GNRS, which raised $172.5 million
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