Metals Acquisition Corp. (NYSE:MTAL) announced this morning that it has completed its acquisition of the parent company for Glencore’s (LON:GLEN) CSA Copper Mine in Australia.
The combined company’s shares and warrants will begin trading today on the NYSE under the continued ticker symbols “MTAL” and “MTAL.W”,
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On June 14, Plum (NASDAQ:PLMI) received a termination notice from its target Sakuu. In light of the termination of the Business Combination Agreement, Plum’s Board of Directors determined that it will not extend the deadline for Plum to consummate a business combination beyond June 18.
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Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this afternoon that it will adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time on June 21, marking the fourth adjournment for the meeting.
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7GC & Co. Holdings Inc. (NASDAQ: VII) announced this afternoon that its special meeting, which was originally scheduled for June 20, will be postponed to 12:00 p.m. ET on June 26.
The company is currently facing a completion deadline of June 28 as it works to close a deal, but intends to extend this until December 28, or such earlier date as determined by the board of directors.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Freedom I (NYSE:FACT) announced this morning that it has lowered the pre-money equity valuation by half for its target Complete Solaria while bringing in $10 million more in commitments to its bridge financing.
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Tristar Acquisition I Corp. (NYSE:TRIS) announced in an 8-K this afternoon that it has terminated its non-binding letter of intent (LOI) with its unnamed target.
The LOI was announced just a few months ago in March, but by having this signed agreement in hand, it allowed the SPAC to automatically extend its transaction deadline by three months from April 18 to July 18.
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Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) announced in an 8-K that it has received a termination notice from biotech firm AUM Biosciences.
The SPAC did not disclose a reason for the breakup, but saw redemptions wipe out 92.33% of its trust during a May extension meeting, leaving it with $5.49 million post-vote.
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Coliseum Acquisition Corp. (NASDAQ: MITA) announced this afternoon that it intends to adjourn its special meeting, originally scheduled to be held on June 20, until June 22 due to a change in its extension proposal.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
ESH Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ESHAU” Wednesday, June 14, 2023.
The company intends to focus its search on businesses that are focused on the global entertainment, sports, and hospitality sectors.
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Malacca Straights (NASDAQ:MLAC) announced today that it has mutually terminated its merger agreement with Indiev, effective as of June 8.
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Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this afternoon that it will adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time on June 15, marking the third adjournment for the meeting.
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Frontier Investment Corp. (NASDAQ: FICV) announced this afternoon that its chairman has decided to adjourn its special meeting, originally scheduled to be held on June 16, until June 22.
As a result of the postponement, the redemption deadline will also be extended until June 20.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Supermoney and Dutch special purpose acquisition company VAM SPAC have signed a binding accord aimed at taking the online price comparison provider public, the companies said on Monday.
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Prospector Capital (NASDAQ:PRSR) has entered into a definitive agreement to combine with autonomous driving technology firm LeddarTech at an equity value of $348 million.
Québec City-based LeddarTech is developing a software suite to help vehicles process information from sensors for autonomous and assisted driving platforms.
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LF Capital Acquisition Corp. II (NASDAQ: LFAC) announced this morning that it is postponing its extension meeting from 11 a.m. on June 13 until 5 p.m. on June 26.
In connection with the postponement, LF II also revised its proxy statement which would allow the company to extend its completion date from August 19 to November 19 by increasing the number of one-month extensions from six to nine extensions by depositing the lesser of $200,000 or $0.03 per share of Class A common stock per extension.
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On June 9 and June 12, 2023, Acropolis Infrastructure Acquisition Sponsor, L.P., the sponsor of Acropolis Infrastructure Acquisition Corp.
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