SCVX Corp. (NYSE:SCVX) announced this afternoon that it will be redeeming all outstanding shares and liquidating its trust, effective as of August 11, 2022.
SCVX originally had 24 months on its transaction timeline to complete a business combination.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SomaLogic (NASDAQ: SLGC), a leader in AI data-driven proteomics technology, today announced it entered into an agreement to acquire Palamedrix, Inc.,
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This week, we speak with Kirk Taylor, President and CFO of American Acquisition Opportunity Inc. (Nasdaq: AMAO).
It announced a $97 million combination agreement with Royalty Management Corporation in June.
Royalty Management has pulled together a range of unique financing deals that give it royalties on business activities ranging from water treatment utilities to coal exploration and land renewal.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Today, Ginkgo Bioworks (NYSE: DNA) — the leading horizontal platform for cell programming — and the biotechnology company Zymergen (Nasdaq: ZY) announced they have entered into a definitive agreement under which Ginkgo will acquire Zymergen in an all-stock transaction that values Zymergen at an approximately $300 millionmarket capitalization.
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Waldencast Acquisition Corp. (NASDAQ:WALD) announced in an 8-K that its shareholders approved its combination with beauty brands OBAGI and Milk at a special meeting July 25.
In connection with the vote, 30,021,946 shares (87%) were redeemed, removing about $301 million from its trust.
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Abri SPAC I, Inc. (NASDAQ: ASPA) announced this afternoon that it has mutually terminated its combination with blockchain technology company Apifiny Group.
Abri I intends to seek an alternative business combination. And while Abri I currently has a transaction deadline of August 12, it is able to extend its original 12 months timeline two times (2x) for three months each by contributing $0.10 per share to its trust each time.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Ginkgo Bioworks Inc. (NYSE: DNA), the cell programming company which previously combined with Soaring Eagle Acquisition Corp. in September of 2021, announced this morning that it would be buying the biotech company Zymergen (Nasdaq: ZY), in an all-stock transaction.
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Gobi Acquisition Corp. (Nasdaq:GOBI) announced this afternoon that its shareholders have approved its move to shrink its timeline and the SPAC now intends to liquidate its trust.
The Trust Amendment Proposal was overwhelmingly approved with 30,526,358 shares in favor of changing the date of the liquidation with just 783 shares against it.
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Perella Weinberg Partners (NASDAQ:PWP) announced this morning that it is offering to exchange all outstanding warrants for 0.20 shares of company stock.
The move would issue 1,573,995 shares to warrantholders should all accept the offer.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies on the African continent. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has extended its outside date and increased its equity value in connection to its business combination with metaverse infrastructure platform, InfiniteWorld.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital entertainment and esports brand FaZe Clan (NASDAQ:FAZE) began trading on the Nasdaq Wednesday after completing a SPAC merger with B.
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