Terms Tracker for the Week Ending June 3rd, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. To kick off the month of June, we saw one new S-1 registration statement, five less than what we saw last week, and no IPOs.
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SVF 3 (NASDAQ:SVFC) announced that its shareholders have voted to approve its combination with AI supply chain technology firm Symbotic in a special meeting held earlier today.
Today’s 8-K disclosed that holders of 27,459,854 Class A ordinary shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.00 per share.
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Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has postponed its special meeting to extend its timeline for an initial business combination.
The SPAC has 18 months to complete a business combination with a deadline of June 11, 2022 quickly approaching.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Traveloka, Southeast Asia’s biggest online travel startup, is close to raising more than $200 million from investors after ending talks to go public via a merger with a blank-check company last year, according to people familiar with the matter.
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Biotech Acquisition Company (NASDAQ:NAAC) announced this morning that it has for a second time postponed its special meeting to approve its combination with Blade Therapeutics.
This meeting was first pushed back from June 1 and the SPAC has not yet set a new date.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Grove Collaborative, Inc.,
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Eve Holding, Inc.
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RedBall Acquisition Corp. (NYSE:RBAC) announced this morning that it has mutually terminated its combination agreement with ticket marketplace SeatGeek.
Similar to a handful of other SPACs we’ve seen, RedBall cited unfavorable market conditions as the key reason behind the termination.
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Magnum Opus (NYSE:OPA) announced this morning that financial media outlet Forbes has terminated the pair’s business combination after reaching the deal’s May 31 outside date.
The parties’ filing and press release did not give a cause for the decision, but the deal had been pending for more than nine months since its announcement on August 26.
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North Atlantic Acquisition Corp. (NASDAQ:NAAC) announced this morning that it has once again postponed its vote to complete its combination with fraud-protection software firm Telesign.
The SPAC’s brief press release did not lay out a new date for a renewed attempt, but noted that one will be announced “in due course.”
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Group Nine Acquisition Corp. (NASDAQ:GNAC) announced this afternoon that it has entered into a Membership Interest Purchase Agreement with 890 5th Avenue Partners, LLC to sell certain Class A interests of the sponsor, Group Nine SPAC, LLC, which economically corresponds to 4,025,000 shares of Class B common stock, or Founder Shares.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Democratic U.S.
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