G Squared Ascend II Inc. (NYSE: GSQB) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on June 16, 2023.
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Metals Acquisition Corp. (NYSE:MTAL) has executed further funding for its PIPE in connection to its business combination with Glencore’s (LON:GLEN) CSA Copper Mine, announcing this afternoon that it has secured $52 million in committed financing.
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Swiftmerge Acquisition Corp. (NASDAQ: IVCP) announced this afternoon that it has adjourned today’s meeting until Thursday, June 15, at 3:00 p.m.
The SPAC’s Chairman determined to postpone the meeting in order to allow for additional voting on the extension proposal which would extend Swiftmerge’s timeline from June 17, 2023 to March 15, 2024.
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CF Acquisition Corp. VII (NASDAQ: CFFS) announced this afternoon that it is postponing its extension meeting, originally scheduled for June 14, until 10 a.m. ET on June 16.
In connection with the postponed meeting, CFFS has also extended the redemption deadline to 5 p.m.
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Inception Growth Acquisition Limited (NASDAQ: IGTA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with AI company AgileAlgo.
Singapore-based AgileAlgo is a maker of enterprise-grade natural language code generator for machine-learning and data management platforms.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Russian metal industry veteran Artem Volynets’ blank check firm agreed to acquire two Brazilian mines for $1 billion including debt in a bid to tap demand from electric-vehicle makers.
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Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it postponing its special meeting to complete its combination with cloud services firm Digerati (OTC:DTGI) for a fifth time, now to June 30.
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Pearl Holdings (NASDAQ:PRLH) announced in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with a target, but included no other details on the company.
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Ares Acquisition Corporation (NYSE:AAC) has dropped its pre-money valuation of its target company X-energy about -14.2% as a part of a deal revision announced this morning.
The parties noted they believe that bringing down X-energy’s price tag from $2.1 billion to $1.8 billion will provide a more attractive entry point for investors and provide a better opportunity for long-term value creation.
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Artemis Strategic Investment Corp. (NASDAQ:ARTE) announced in an 8-K that it has terminated its combination with British online gambling platform Novibet.
The SPAC did not disclose reasons for the breakup, but the deal was well past its December 30, 2022 outside date.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Shares of Digital World Acquisition Corp.
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Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to once again adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 13.
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JAWS Juggernaut Acquisition Corporation (Nasdaq: JUGG) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence.
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Rice II (NYSE: RONI) announced today that it has completed its combination with energy technology company NET Power.
The deal was originally approved by shareholders at a special meeting yesterday with relatively low redemptions. A
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Momentus (NASDAQ:MNTS) has won a contract with Apogeo Space to provide in-space transportation for the Italian company’s batch of nine Internet of Things (IoT) picosatellites.
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MedTech Acquisition Corp. (NASDAQ:MTAC) announced in an 8-K this morning that it has added a $17.8 million convertible share investment and $2 million backstop to its pending combination with TriSalus Life Sciences.
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Avalon Acquisition Inc. (NASDAQ:AVAC) has secured shareholder approval for its combination with financial services firm Beneficient with about 87% of shares redeemed at the final vote.
The redemptions removed all but $27.9 million from Avalon’s trust, but the transaction did not include a minimum cash condition beyond the $5 million required for listing purposes.
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On June 7, EVe Mobility Acquisition Corp. (NYSE:EVE) and the sponsor entered into further non-redemption agreements with additional unaffiliated third party investors pursuant to which the investors have, in connection with the Extension Meeting, agreed not to redeem their Class A Ordinary Shares. The
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Ahren Acquisition Corp. (Nasdaq: AHRN) today announced its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of June 19.
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