OmniLit Acquisition Corp. (NASDAQ:OLIT) announced this afternoon that its special meeting to extend its deadline, originally scheduled for Tuesday, December 13, 2022, has been postponed to Wednesday, December 21, 2022.
The SPAC hopes to use this additional time to continue soliciting proxies from stockholders.
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Aurora Technology Acquisition Corp. (NASDAQ:ATAK) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with robotics company DIH Technology Ltd.
Under the terms of the LOI, DIH’s shareholders will roll 100% of their equity into the combined public company.
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AMCI II (NASDAQ:AMCI) announced this afternoon that it has amended its merger agreement, sponsor support agreement, and subscription agreement in connection to its proposed merger with renewable materials-maker LanzaTech.
The parties amended the merger agreement to include the aggregate net proceeds from each of the AM SAFE and Brookfield SAFE in the acquiror closing cash amount.
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Satellite company Satixfy (NYSE:SATX), which combined with Endurance Acquisition Corp. in October, announced in a 6-K this morning that it has waived the lock-up on 1,000,000 private placement warrants held by Cantor Fitzgerald.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Infinite Reality Inc.,
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Americas Technology Acquisition Corp. (NYSE: ATA) announced on Friday evening that it has mutually agreed to terminate its combination with mass mobility firm Rally Communitas.
Although the management team did not disclose a reason for the deal termination, it is likely due to the result of unfavorable market conditions.
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Primavera (NYSE:PV) announced that its shareholders have approved its business combination with the luxury fashion Lanvin Group during a special meeting held Friday, December 9.
The parties’ press release did not include redemption figures, but, regardless, the parties expect to close the deal December 14, after which the combined company will trade on the NYSE under the symbol “LANV” beginning December 15.
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Belong Acquisition Corp. (NASDAQ:BLNG) disclosed in an 8-K this afternoon that its special meeting, originally scheduled for Wednesday, December 14, has been postponed to Wednesday, December 21. Additionally, the SPAC has entered into a non-redemption agreement, and signed a non-binding letter of intent (LOI).
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Southland Holdings, LLC (“Southland”) announced today that a subsidiary in its Civil segment, Southland Contracting, has been awarded a $70 million contract for Denver International Airport’s West Gates Pond Expansion.
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Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with a global medical device manufacturer.
The SPAC originally teased this deal on October 4, the same day as its redemption deadline, when it announced it was in negotiations to sign a LOI with the medical device manufacturer.
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InterPrivate II (NYSE:IPVA) disclosed this morning that its shareholders have approved its business combination with car-sharing marketplace Getaround during a special meeting held on Wednesday, December 7.
The combined company raised approximately $228 million in gross proceeds through the deal, including the amounts retained in InterPrivate II’s trust account, the conversion of approximately $37.5 million of bridge notes and the issuance of $175 million of convertible notes.
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10X Capital Venture Acquisition Corp. III (NYSE:VCXB) included in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with Sparks Energy.
Sparks is a leader in storm response and energy restoration management with qualified crews for overhead and underground distribution, transmission, substation and row operations.
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Figure Acquisition Corp. I (NYSE:FACA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with an unnamed warehouse lender and bank holding company.
The press release kept details to a minimum on the target, but disclosed that the bank is a $3-5 billion asset holding company that provides home loans to communities across the nation.
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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 contributors Anthony Sozzi and Sam Beattie.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Parsec Capital (NASDAQ:PCX) announced in an 8-K this morning that it has begun the process of liquidating its trust account, but the filing also curiously notes that the team is trying to carry on with its announced combination with Enteractive Media.
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