The Latest SPAC News and Rumors: December 8, 2022

Dec 8, 2022 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: Palihapitiya blames Fed for crushing the blank-check bubble, and Hong Kong is set to regain top-three IPO ranking in 2022

SPAC king Chamath Palihapitiya says the Fed crushed the bubble in blank-check firms

The Fed crushed the bubble in special purpose acquisition companies, Chamath Palihapitiya said, deflecting blame for the poor performance of companies he took public in recent years.

PHP Ventures Acquisition Corp. (PPHP) to Combine with Modulex in $600M Deal

Dec 8, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

PHP Ventures Acquisition Corp. (NASDAQ: PPHP) has entered into a definitive agreement to combine with ConstrucTech company Modulex Modular Buildings Plc (“Modulex”) at a valuation of $600 million. UK-based Modulex manufactures 3D volumetric steel modular buildings and harnesses emerging technologies to meet housing and infrastructure needs. The combined company is expected to trade on the
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7GC & Co. Holdings Inc. (VII) to Combine with Banzai in $380M Deal

Dec 8, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

7GC & Co. (NASDAQ:VII) has entered into a definitive agreement to combine with video engagement platform Banzai at an enterprise value of $380 million, or 17.3x its revenue in the 12 months ending in September 2022. Bainbridge Island, Washington-based Banzai provides a suite of virtual event management and analytical tools through a software-as-a-surface (SaaS) model.
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New SPAC: AlphaTime Acquisition Corp. Files for $60M IPO

Dec 8, 2022 Headline Post, INTEL, New S-1 Filings by Marlena Haddad

AlphaTime Acquisition Corp. (NASDAQ:ATMC) filed its S-1 yesterday morning for a $60 million IPO as the second SPAC to file for an IPO in December thus far. The new SPAC has set its sights on businesses in Asia that have the potential to generate strong, stable, and increasing free cash flow, particularly businesses with predictable revenue streams
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The Latest Liquidations: December 7, 2022

Dec 7, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

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

Latest SPAC Liquidations: Mission Advancement Acquisition Corp., and Clarim Acquisition Corp.

Mission Advancement Acquisition Corp.

BYTE Acquisition Corp. (BYTS) Postpones Extension Vote

Dec 7, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

BYTE Acquisition Corp. (NYSE:BYTS) announced this afternoon that its special meeting to extend its deadline, originally scheduled for Tuesday, December 20, 2022, has been postponed.

The SPAC has not yet disclosed the new date for the meeting, but it is expected to be announced at a later date.

D and Z Media Acquisition Corp. (DNZ) Adjourns Extension Vote

Dec 7, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

D and Z Media Acquisition Corp. (NYSE:DNZ) announced this afternoon that its special meeting, originally scheduled for 12:00 p.m. today, was convened and then adjourned, without conducting any business, to 1:30 p.m.

EDOC Acquisition Corp. (ADOC) to Combine with Australian Oilseeds in $190M Deal

Dec 7, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

EDOC Acquisition Corp. (NASDAQ:ADOC) has entered into a definitive agreement to combine with food oil processing company Australian Oilseeds at an enterprise value of $190 million. Australian Oilseeds manufactures food-grade, edible oils through several subsidiaries. Transaction Overview EDOC has an estimated $21.3 million in its current trust after seeing about 77.5% redemptions in extension votes.
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The Latest SPAC News and Rumors: December 7, 2022

Dec 7, 2022 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: Buzzfeed cuts 12% of staff, and ASIG plans to expand through acquisition upon completion of SPAC

BuzzFeed cuts 12% of staff citing worsening econ conditions

Digital media company BuzzFeed (NASDAQ:BZFD) is cutting 12% of its workforce, citing worsening economic conditions.

Podcast: Abacus Life President & CEO Jay Jackson

Dec 7, 2022 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

What is your life insurance policy worth while you’re still living? This week, we speak with Abacus Life President and CEO Jay Jackson who may just want to buy yours.

Abacus Life has made a business of buying consumer life insurance policies for upfront payments and holding them until maturity.

Golden Falcon Acquisition Corp. (GFX) to Combine with MNG Airlines in $676M Deal

Dec 7, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Golden Falcon (NYSE:GFX) has entered into a definitive agreement to combine with freight aviation company MNG Airlines at an enterprise value of $676 million, or 5.8x its LTM adjusted EBITDA. Istanbul-based MNG Airlines operates air freight services to four continents with a fleet of nine jets. The combined company is expected to trade on the
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Phoenix Biotech Acquisition Corp. (PBAX) Terminates Deal with Intrinsic Medicine

Dec 7, 2022 Headline Post, INTEL by Marlena Haddad

Phoenix Biotech Acquisition Corp. (NASDAQ:PBAX) announced this morning that it has mutually agreed to terminate its combination with therapeutics company Intrinsic Medicine.

Similar to other SPACs, Phoenix Biotech disclosed that the two parties have decided to nix the deal due to the result of weakened markets.

The Latest Liquidations: December 6, 2022

Dec 6, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

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

Latest SPAC Liquidations: Broadscale, Revolution Healthcare, Research Alliance II, and Kairos

Broadscale Acquisition Corp.

Roth CH Acquisition IV Co. (ROCG) to Combine with Tigo Energy

Dec 6, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Roth CH Acquisition IV Co. (NASDAQ:ROCG) has entered into a definitive agreement to combine with renewable energy equipment-maker Tigo for pre-money equity consideration of $600 million. Campbell, California-based Tigo manufacturers components that optimize and enhance safety for solar panel arrays, with installations on seven continents The combined company is expected to trade on the Nasdaq
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The Latest SPAC News and Rumors: December 6, 2022

Dec 6, 2022 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: Portugal real estate developer Vic Properties in merger talks with BurTech

Caner-Led Aggregate Is Said to Discuss Vic Properties SPAC Deal

Aggregate Holdings SA is in talks to take its Portuguese unit Vic Properties public in a merger with BurTech Acquisition Corp.(NASDAQ:BRKH),

SportsMap Tech (SMAP) to Combine with Infrared Cameras Holdings in $100M Deal

Dec 6, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

SportsMap Tech Acquisition Corp. (NASDAQ:SMAP) has entered into a definitive agreement to combine with intelligent thermal imaging provider Infrared Cameras Holdings (ICI) at a pre-money equity valuation of $100 million. Beaumont, Texas-based Infrared Cameras Holdings develops and manufactures infrared-sensor systems, offering handheld and fixed hardware. The combined company is expected to trade on the Nasdaq once the
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Ares Acquisition Corporation (AAC) to Combine with X-energy in $2.2Bn Deal

Dec 6, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Ares Acquisition Corporation (NYSE:AAC) has entered into a definitive agreement to combine with nuclear power company X-energy at an enterprise value of $2.2 billion.

Rockville, Maryland-based X-energy has developed small modular nuclear reactor technology designed to provide nuclear plants for projects ranging from individual industrial sites to regional utilities.

Senior Connect Acquisition Corp. I (SNRH) Signs LOI with Avellino Lab

Dec 5, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Senior Connect Acquisition Corp. I (NASDAQ:SNRH) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with precision medicine company Avellino Lab USA, Inc.

Under the terms of the LOI, the parties would become a combined entity, with Avellino’s existing equityholders exchanging their shares in Avellino for equity in the combined company.

New SPAC: Alchemy Investments Acquisition Corp. 1 Files for $100M IPO

Dec 5, 2022 Headline Post, INTEL, New S-1 Filings by Marlena Haddad

Alchemy Investments Acquisition Corp. 1 (NASDAQ:ALCY) filed its S-1 Friday afternoon for a $100 million IPO, marking the first SPAC to file for an IPO in December thus far. The new SPAC has set its sights on deep technology companies, with a focus on data analytics, that have a total enterprise value of at least $500 million.
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The Latest SPAC News and Rumors: December 5, 2022

Dec 5, 2022 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: Singapore’s Carousell Group cuts 10% of total headcount, and Graphjet Technology becomes first Malaysian company to join World Economic Forum

Singapore’s Carousell Group cuts 10% of total headcount, Co-Founder says ‘deeply sorry’

Singapore-headquartered recommerce group Carousell announced the group is cutting 110 roles or about 10 percent of the company’s total headcount.