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The Latest SPAC News and Rumors: November 18, 2022

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The Latest SPAC News and Rumors: November 18, 2022

Nov 18, 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: Tims China extends retail distribution partnership with Alibaba’s Freshippo, Anghami reduces headcount by 22%, and Grindr shares soar 400% after SPAC merger

Tims China extends RTD reach with Alibaba’s Freshippo 

Tims China (NASDAQ:THCH) has announced a two-year ready-to-drink (RTD) retail distribution partnership with Chinese grocery chain Freshippo.

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The Latest SPAC News and Rumors: November 17, 2022

Nov 17, 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: Getaround announces changes in executive team and Board of Directors, and Fisker’s new electric SUV starts rolling off the assembly line

Getaround Announces Executive Team and Board Finance Leadership

Getaround, the world’s first connected carsharing marketplace, announced changes in its senior executive team and proposed Board of Directors to be in place at the closing of the InterPrivate II Acquisition Corp.

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Goal Acquisitions Corp. (PUCK) to Combine with Digital Virgo in $513M Deal

Nov 17, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Goal Acquisitions Corp. (NASDAQ:PUCK) has entered into a definitive agreement to combine with payment platform Digital Virgo at an enterprise value of $513 million. Lyon, France-based Digital Virgo provides on-demand video, sports and gaming content to users that is payable via their phone bills. The combined company is expected to trade on the close in
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Sagaliam Acquisition Corp. (SAGA) to Combine with Arabian Entertainment Company in $227M Deal

Nov 17, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Sagaliam (NASDAQ:SAGA) has entered into a definitive agreement to combine with Arabian Entertainment at an enterprise value of $227.3 million, or 8.7x its 2024E EBITDA. The Jeddah, Saudi Arabia-based company is a regional franchisee of Applebee’s and Ocean’s Basket restaurants with plans for live entertainment projects in the works. The combined company is expected to
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Global Consumer Acquisition Corp. (GACQ) Shareholders Approve GP Global & Luminex Deal

Nov 16, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Global Consumer (NASDAQ:GACQ) disclosed this afternoon that its shareholders approved its combination with air care companies GP Global and Luminex at a special meeting held on November 10.

The business combination was overwhelmingly approved as 18,909,414 votes were cast in favor of the deal and 1,730,425 votes against it.

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Quantum FinTech Acquisition Corp (QFTA) to Combine with AtlasClear

Nov 16, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Quantum FinTech (NYSE:QFTA) has entered into a definitive agreement to acquire AtlasClear, which is itself combining with correspondent clearing broker-dealer Wilson Davis & Co. and acquiring Commercial Bancorp of Wyoming.

The combined company is expected to trade on the NYSE under the symbol “ATCL” once the deal is completed in the second or third quarter of 2023.

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The Latest SPAC News and Rumors: November 16, 2022

Nov 16, 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: Surf Air files for direct listing, Otonomo in talks to merge with UK auto-tech rival Wejo, and Forbes could sell for $800 million 

Surf Air confidentially files for direct listing after ending SPAC deal

Electric aviation and regional air travel company Surf Air Mobility said on Wednesday it had confidentially filed for a direct listing in the United States after terminating its $1.42 billion merger deal with a blank check firm.

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Chavant Capital Acquisition Corp. (CLAY) to Combine with Mobix Labs in $276M Deal

Nov 16, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
Chavant Capital (NASDAQ:CLAY) has entered into a definitive agreement to combine with semiconductor company Mobix Labs at a pro forma enterprise value of approximately $276 million. Irvine, California-based Mobix Labs is a fabless semiconductor company developing disruptive wireless and connectivity solutions. The combined company is expected to trade on the Nasdaq once the deal is completed in the first
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OceanTech Acquisitions I Corp. (OTEC) to Combine with Majic Wheels in $333M Deal

Nov 16, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
OceanTech I (NASDAQ:OTEC) has entered into a definitive agreement to combine with Majic Wheels at a combined business value of $333.3 million. Houston-based Majic (OTC:MJWL) operates a cryptocurrency exchange and fintech platform active in India. The combined company is expected to trade on the Nasdaq under the symbol “MJWL” once the deal is completed in
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Tuscan Holdings Corp. II (THCA) Terminates Deal with Surf Air Mobility

Nov 16, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Tuscan Holdings Corp. II (NASDAQ:THCA) announced this morning that it has mutually agreed to terminate its combination with regional air travel company Surf Air Mobility.

The press release included little other information, but an 8-K filing notes that should Surf later complete a direct listing, IPO, private sale or further SPAC transaction between now and November 14, 2025, it will issue 600,000 shares to Tuscan II and as well as either 35,000 shares or $700,000 as a termination fee.

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Liberty Media Acquisition Corp. (LMACA) Shareholders Approve Early Liquidation Date

Nov 15, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Liberty Media Acquisition Corp. (Nasdaq: LMACA) announced this afternoon that its shareholders have approved a proposal to allow LMAC to amend its deadline date so it can liquidate early.

The SPAC previously filed a proxy in September to unwind and redeem all of its outstanding public shares prior to December 30, 2022.

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Frazier Lifesciences Acquisition Corp. (FLAC) Shareholders Approve NewAmsterdam Pharma Deal

Nov 15, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Frazier Lifesciences (NASDAQ:FLAC) announced this morning that its shareholders have approved its business combination with biotech firm NewAmsterdam Pharma Holding during a special meeting today.

The SPAC disclosed that holders of approximately 32% of FLAC Class A ordinary shares exercised their right to redeem their shares for cash, significantly lower than the average redemption rate for completed deals this year at 83.99%.

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The Latest SPAC News and Rumors: November 15, 2022

Nov 15, 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: Elliott discloses new stake in Clarivate, Virusight and Technogenetics expand collaboration, and Apollomics receives FDA Orphan Drug Designation  

Elliott Takes Stake in Clarivate With Take-Private Wave Rising

Elliott Investment Management disclosed a new stake in Clarivate Plc (NYSE:CLVT) amid a wave of take-private transactions in the information services sector.

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