Biotech Acquisition Cormpany (NASDAQ:BIOT) has postponed its special meeting to complete its combination with pharmaceutical firm Blade Therapeutics from June 1 to 10 am ET, June 3.
The SPAC has obtained sufficient votes to approve the transaction but needs additional time to satisfy all closing conditions, according to Biotech’s press release.
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Digital World’s (NASDAQ:DWAC) filed a new S-1 today, providing highly anticipated information into the investors of its $1 billion PIPE.
A total of 48 investors have subscribed to this PIPE, with ownership post-conversion of the Preferred Stock between 11,350,000 shares and 50,000 shares.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Blank-check companies settled on deals to buy a members-only startup airline, a startup augmented reality firm and a company called Two Bit Circus this month as SPACs face pressing deadlines to strike deals or close shop.
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Trepont Acquisition Corp I (NYSE:TACA) announced that it will not complete a business combination before its transaction deadline of June 4 and will therefore liquidate its trust effective June 10.
The SPAC had originally planned to hold a vote to extend its transaction deadline today, but opted to liquidate instead.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among revenue-generating fintech companies that are nearing profitability. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A consortium, including LanzaTech and Danone, led to the discovery of a new route to monoethylene glycol, (MEG), which is a key building block for polyethylene terephthalate, (PET), resin, fibers and bottles.
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We don’t typically post Op Eds, but a buy-side individual who has been investing in SPACs since 2003 approached us wanting to offer their own perspective on the current SEC proposal.
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Apollo Strategic Growth Capital (NYSE:APSG) announced that its shareholders have voted to approve its combination with American Express Global Business Travel in a special meeting held earlier today.
A total of 52,956,302 Class A ordinary shares and 20,420,250 Class B ordinary shares, representing approximately 71.87% of the outstanding ordinary shares entitled to vote, 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.
MSP Recovery (NASDAQ:MSPR) was valued at $32.6 billion in its merger with special purpose acquisition company Lionheart Acquisition Corp.
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Haymaker Acquisition Corp. III (NASDAQ:HYAC) announced that its shareholders have voted to approve its combination with hormone-optimization medical practice builder Biote in a special meeting held earlier today.
Redemption numbers have not yet been disclosed.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The SPAC set up by Wilbur Ross, who was President Trump’s commerce secretary between 2017 and 2021, is in detailed talks about a merger with Durham-based Atom Bank.
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