ACE Convergence (NASDAQ:ACEV) announced in an 8-K this morning that its PIPE investor Oaktree had terminated its subscription agreement funding $175 million of the $200 million in convertible notes the SPAC had arranged for its combination with Tempo Automation.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Nikola Corp.
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RedBall Acquisition Corp. (NYSE:RBAC) announced over the weekend that it will not complete a transaction before its August 17 deadline and it intends to liquidate its trust.
Its shares will cease trading on August 16 and the SPAC is set to return about $10.02 per share to investors shortly after this date.
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ACE Convergence (NASDAQ:ACEV) announced this afternoon that its target, electronics manufacturer Tempo Automation, has terminated its merger agreement with Compass Diversified Holdings (NYSE: CODI).
Concurrent with the business combination, Tempo had originally planned to acquire 100% of the issued and outstanding equity interests in Compass AC Holdings, Inc.
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Mountain Crest III (NASDAQ:MCAE) and a PIPE investor have mutually terminated a $250 million investment in connection to its proposed merger with healthcare group ETAO.
The investor, SME Investment Group Co.,
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
UK gambling software provider Playtech said on Friday it had stopped pursuing talks with Caliente Interactive for the Mexican sports betting firm’s unit Caliplay to list publicly in the United States via a SPAC deal, citing weak capital market conditions.
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We spoke with Jim Zukin, the CEO & Chairman of Zukin Certification Services, and former Co-Founder of Houlihan Lokey, about his new product – the Reasonable Basis Review, or “RBR”.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies on the supplying the world’s new and existing metals resources. We look at why they are compelling and why each could be a fit for a blank-check merger.
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CHW Acquisition Corp. (NASDAQ:CHWA) announced in a press release this afternoon that its shareholders have approved its combination with dog-care service platform Wag at a special meeting held earlier today.
A total of 13,050,501 ordinary shares, or 83.19% of CHW Acquisition Corporation’s issued and outstanding ordinary shares, were present at today’s meeting.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Semantix, Latin America’s first fully integrated data platform, announced today that the company has seen significant business momentum in the first half of 2022.
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Brookline Capital (NASDAQ:BCAC) announced in an 8-K this morning that its shareholders approved its combination with Apexigen at a special meeting July 27.
The filing did not include redemption figures, but the transaction also did not have a minimum cash condition beyond listing requirements.
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Duddell Street (NASDAQ:DSAC) announced this afternoon that its shareholders approved its combination with legal and regulatory data provider FiscalNote at a special meeting held earlier today.
The press release did not provide details on redemption amounts, but DSAC traded above its trust value of $10 throughout its redemption deadline, July 25.
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