BurTech Acquisition Corp. (NASDAQ:BRKHU) and Chavant Capital (NASDAQ:CLAYU) both announced this afternoon that they have signed non-binding letters of intent ahead of the long weekend.
BurTech’s 8-K referenced a Bloomberg news article that was published earlier this week which disclosed its non-binding LOI with Indian digital entertainment and technology company JetSynthesys.
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Isleworth (NASDAQ:ISLE) announced this afternoon that it has mutually terminated its combination agreement with biopharmaceutical company Cytovia.
Although the press release was short on details, it is likely the parties decided to terminate for the same reason a number of other SPACs recently have, which pertains to the headwinds in the SPAC market as well as general market volatility.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Enjoy Technology Inc.
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Far Peak (NYSE:FPAC) announced this afternoon that it has extended its Outside Date to complete its business combination with cryptocurrency exchange Bullish to December 31, 2022. However, it was also noted in the press release that the PIPE investors, which were contributing $300 million, will terminate on the current Outside Date of July 8, 2022.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The 3 recently listed SPACs have generated “strong interest” and raised a total of IPO proceeds of about S$528 million, leading Singapore’s IPO market to its busiest half year in five years, according to a PwC Singapore report released on Tuesday (Jun 28).
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Northern Lights (NASDAQ:NLIT) announced in an 8-K this morning that its shareholders approved its combination with cannabis finance provider Safe Harbor at a special meeting held yesterday afternoon.
The filing did not include final redemption figures or a timeline for close, but as of yesterday the SPAC faced 66.2% redemptions.
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Agrico Acquisition Corp. (NASDAQ:RICO) announced that its shareholders have voted to approve its combination with indoor farming company Kalera (OL:KAL) in a special meeting held yesterday.
The approval comes as no surprise as the SPAC announced a preliminary shareholder approval on Friday afternoon.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
JetSynthesys, an Indian digital entertainment and technology company, is in talks to go public through a merger with blank-check firm BurTech Acquisition Corp.
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Northern Lights (NASDAQ:NLIT) announced in an 8-K this morning that it had received redemption requests for all but about 83,795 of its shares ahead of its completion, but its backstops have purchased 4,435,608 shares from would-be redeemers that will now stay with the company.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital World Acquisition Corp.
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Waldencast Acquisition Corp. (NASDAQ:WALD) announced this morning that it has added $225 million in debt to its combination with beauty brands OBAGI and Milk.
This new money comes in the form of a four-year secured first-lien made up of a $175 million term loan and a $50 million revolving loan facility with $7.5 million available to be drawn as letters of credit.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The merger between the special-purpose acquisition company Gores Guggenheim and the electric vehiclemaker Polestar (NASDAQ:PSNY) born from Volvo is done.
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Agrico (NASDAQ:RICO) announced this afternoon that it expects to receive shareholder approval at its special meeting set to vote on its combination with indoor farming company Kalera (OL:KAL) on Monday.
Approximately 71.68% of the total number of shares and votes in the company, have essentially voted 100% in favor of the approval of the proposed business combination transaction.
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SK Growth Opportunities Corp. priced its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SKGRU” Friday, June 24, 2022.
The new SPAC will focus its efforts on identifying a company involved in developing and deploying technologies and products that address and solve ESG-related issues or are operated in a fashion consistent with ESG principles.
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