Global SPAC Partners (NASDAQ:GLSPT) announced that its shareholders approved its combination with cybersecurity firm Gorilla Technology.
In connection with the vote, however, about 88.4% of Global SPAC shares were tendered for redemption.
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Kingswood Acquisition Corp. (NYSE:KWAC) Class A common shares, units, and warrants were delisted from the New York Stock Exchange (“NYSE”) after market close this afternoon.
The regulatory team from the NYSE announced that it has immediately suspended the SPAC and has determined to begin the delisting process due to Section 802.01B of the NYSE’s Listed Company Manual.
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Viveon Health (NYSE:VHAQ) announced this afternoon that it has amended the outside closing date and reduced its minimum cash closing condition in connection to its proposed merger with aesthetic medical treatment company Suneva.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Deep Medicine (NASDAQ:DMAQ) has entered into a definitive agreement to combine with Chinese carmaker Chijet at an enterprise value of $2.55 billion.
Chijit currently sells a line of gasoline-fueled SUVs and trucks in China and Southeast Asia and is working to build a production facility for a new line of EVs.
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This week, we will be speaking with Voltus CEO Gregg Dixon. Voltus entered into a $822 million combination agreement with Broadscale Acquisition Corp. (Nasdaq: SCLE), in December of 2021.
Voltus runs software that allows customers to manage their distributed energy resources in a way that both monetizes the energy they have stored and reduces the strain on the wider grid.
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Global Synergy Acquisition Corp. (NASDAQ:GSAQ) announced this afternoon that it will be redeeming all outstanding shares and liquidating its trust.
Following the close of business on July 26, public shares will be cancelled and will represent only the right to receive the redemption amount of $10.01.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Canoo Inc.
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FAST II (NYSE:FZT) has entered into a definitive agreement to combine with entertainment company Falcon’s Beyond at an enterprise value of $1 billion, or 6.7x its 2024E EBITDA.
Orlando, Florida-based Falcon’s Beyond is an experiential entertainment developer focused on themed resorts and attractions using both proprietary and partnered intellectual property (IP).
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Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ) announced this morning that it has added $15 million to its business with energy storage firm Dragonfly Energy.
The new money comes in the form of a Stock Purchase Agreement with THOR Industries, Inc.
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Ace Global (NASDAQ:ACBA) announced this morning that it has mutually terminated its combination agreement with digital cooking content platform DDC, effective immediately.
Similar to most SPACs that have recently terminated their deals this year, Ace Global has also cited unfavorable market conditions.
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Social Capital Suvretta Holdings Corp. III (NASDAQ:DNAC) announced this morning that its shareholders approved its combination with drug developer ProKidney at a special meeting held yesterday afternoon.
An 8-K that was also filed this morning disclosed that 22,829,769 of DNAC ordinary shares were presented for redemption, representing 91.319% of DNAC’s trust.
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Pershing Square Tontine Holdings (NYSE:PSTH) announced this afternoon that it will be liquidating its trust and redeeming all outstanding shares of common stock effective as of July 26, 2022.
The SPAC was unable to complete a business combination within its timeline of 24 months from the closing of its record $4 billion IPO on July 24, 2020.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Investors piled back into stocks tied to former President Donald Trump after Elon Musk abandoned his planned purchase of Twitter Inc.
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Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) (“AHAC”) announced this afternoon that it has entered into a Common Stock Purchase Agreement with White Lion Capital, LLC in connection to its combination with automotive component manufacturer United Gear & Assembly.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The head of one of Tanzania’s biggest firms, Mohammed Dewji, said he plans to float an agriculture company worth up to $4 billion in New York or London next year, with money raised mainly from development banks.
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Global SPAC Partners (NASDAQ:GLSPT) has confirmed the $41.9 million PIPE for its combination with edge computing firm Gorilla, and waived the minimum cash condition of $50 million.
The funding comes from experienced AI institutional investors that have agreed to purchase 4.15 million PIPE subunits, at a price of $10.10 per subunit.
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ACE Convergence Acquisition Corp. (NASDAQ:ACEV) announced this morning that it will issue additional shares to PIPE investors as it works towards closing its combination with electronics manufacturer Tempo Automation.
PIPE investors are to receive up to 2,000,000 additional shares on a pro rata basis according to a formula based on the combined company’s VWAP in the 30 days following its resale shelf effectiveness date.
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