Aurora Technology Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ATAKU” Monday, February 7.
The new SPAC intends to focus its search on high-growth technology companies based in North America and Asia (excluding China).
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Longview Acquisition Corp. II (NYSE:LGV) and medtech firm HeartFlow announced this afternoon that they have opted to mutually terminate their business combination agreement.
On November 15, 2021, Longview requested that HeartFlow management undertake a thorough financial analysis of its projections.
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Burgundy Technology (NASDAQ:BTAQ) announced this afternoon that it would be opting to liquidate its trust effective as of the close of business on March 1.
BTAQ cited that it would be liquidating “due to its inability to complete an initial business combination within the time period required“.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Middle Eastern Spotify Technology SA rival Anghami (NASDAQ:ANGH) surged as much as 82% on its Nasdaq debut following its merger with a blank-check firm, even after all but a handful of investors opted to return their shares in exchange for cash.
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ECP Environmental Growth Opportunities (NASDAQ:ENNV) announced this morning that its shareholders have approved its combination with digital supply chain firm Fast Radius in a special meeting held on Wednesday.
The parties disclosed that holders of 31,512,573 shares, par value $0.0001 per share, of ENNV exercised their right to redeem for cash at a redemption price of approximately $10.01 per share for an aggregate redemption amount of approximately $315.4 million.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies producing consumer staples. We look at why they are compelling and why each could be a fit for a blank-check merger.
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SilverBox I (NASDAQ:SBEA) announced this afternoon that its shareholders have approved its combination with Black Rifle Coffee in a shareholder meeting held earlier this morning.
This announcement comes as no surprise as the SPAC announced a preliminary approval of the deal in a press release yesterday.
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Kimbell Tiger Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “TGR.U” Friday, February 4.
The new SPAC intends to focus its search in the energy and natural resources industry in North America.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The co-founders of Electric Last Mile Solutions Inc.
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Murphy Canyon Acquisition Corp. announced the pricing of its $115 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MURFU” Thursday, February 3.
The new SPAC intends to focus its search on businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space.
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Queen’s Gambit (NASDAQ:GMBT) has added $21.5 million to the PIPE for its combination with Dubai-based ride-hailer Swvl one day after terminating a previous forward-purchase agreement (FPA).
These additions bring the total PIPE proceeds to $121.5 million and include commitments from the European Bank for Reconstruction and Development (EBRD), Agility, Luxor Capital Group, Chimera, and Zain.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Voltus Inc.,
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SilverBox I (NYSE:IVAN) announced this morning that it expects to receive shareholder approval for its business combination with Black Rifle Coffee, but indicated that the company faced not insignificant redemptions.
The SPAC now expects the deal to deliver $373 million in gross proceeds.
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Environmental Impact Acquisition Corp. (NASDAQ:ENVI) announced this afternoon that its shareholders have approved its combination with biotech firm GreenLight in a special meeting held yesterday.
The 8-K filing did not disclose redemption amounts, but ENVI closed yesterday at $8.57.
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Spring Valley (NASDAQ:SV) has added $30 million more to the PIPE for its combination with nuclear power developer NuScale, bringing total PIPE proceeds to $211 million.
This additional financing ensures that the SPAC will meet the transaction’s $200 million minimum cash condition regardless of redemptions as the parties work towards a close in the second quarter of 2022.
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This week we speak with Robert Piconi, Co-Founder and CEO of Energy Vault. Energy Vault entered into a $1.1 billion combination agreement with Novus Capital II (NYSE: NXU) in September of 2021.
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