Healthcare Capital Corp. (NASDAQ:HCCC) has adjourned its special meeting held this morning without finalizing its shareholder vote to approve its combination with cancer drug developer Alpha Tau.
Healthcare Capital stated that the adjournment is intended to allow more time to satisfy the closing conditions.
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Medicus Sciences Acquisition Corp. (NASDAQ:MSAC) filed an 8-K this afternoon disclosing that its letter of intent (LOI) with medical technology company Anteris Technologies Ltd (“Anteris”) that was announced just last week, is now cancelled and the two parties are no longer discussing a possible transaction.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Flying from Japan’s Osaka station to Kansai International Airport could take just 15 minutes based on plans laid out by flying-taxi startup Joby Aviation Inc.
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A SPAC I Acquisition Corp. announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ASCAU” Tuesday, February 15.
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Genesis Unicorn Capital Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GENQU” Tuesday, February 15.
The new SPAC intends to focus its search on the intersection of the healthcare and technology industries, specifically within the biotechnology and pharmaceutical sectors.
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Bloomberg ran a very interesting story earlier this morning about a rumored 3-way SPAC merger involving the two Warburg Pincus SPACs (I-A and I-B) as well as one of Barry Sternlicht’s backed by his family office, JAWS Estates Capital LLC.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Astrea (NASDAQ:ASAX) announced in an 8-K this morning that it mutually terminated its combination agreement with HotelPlanner and Reservations.com over the weekend.
The SPAC’s shareholders were set to vote to complete the transaction at a special meeting tomorrow, February 15, but the parties were likely dissuaded from proceeding after getting a look at the redemption figures.
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Thayer Ventures Acquisition Corp. (NASDAQ:TVAC) announced this afternoon that its shareholders have approved its combination with luxury travel service Inspirato in a special meeting held on Tuesday.
Thayer Ventures did not provide further details on the transaction, but the SPAC traded below its pro rata trust value of $10.20 throughout its redemption deadline February 4.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Maritime Launch Services Ltd.,
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Astrea (NASDAQ:ASAX) sent out the sort of reminder today that it likely would not have thought necessary – that it is a different company from space venture Astra (NASDAQ:ASTR), which itself de-SPAC’d in July.
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Atlantic Coastal (NASDAQ:ACAH) announced this morning that it and additive manufacturing firm Essentium have mutually agreed to terminate their business combination.
The press release did not provide much detail on the termination, but cited market conditions were unfavorable.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in India. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Global SPAC (NASDAQ:GLSPT) announced this morning it has added a $50.5 million PIPE to its transaction with edge AI firm Gorilla.
Importantly, this amount is enough to satisfy the transaction’s minimum cash condition securing the deal’s close.
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