The Latest SPAC News and Rumors: January 5, 2022

Jan 5, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Fertitta’s Golden Nugget taps loan market to refinance debt, ex-Citi exec and SPAC directors face trial over MultiPlan deal, and crypto YouTuber Matt Khors makes Rumble his preferred platform

Billionaire Fertitta’s Golden Nugget Taps Loan Market to Refinance Debt

Billionaire Tilman Fertitta’s casino business Golden Nugget Inc. is

Cartica Acquisition Corp. (CITEU) Prices $200M IPO

Jan 4, 2022 IPOs by Marlena Haddad

Cartica Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CITEU” Wednesday, January 5.

The new SPAC intends to combine with an innovative, technology-focused business based in India with an equity value of approximately $1 billion or higher.

Novus Capital Corp. II (NXU) Adds $50M to PIPE for Energy Vault Deal

Jan 4, 2022 INTEL by Marlena Haddad

Novus Capital Corp. II (NYSE:NXU) has added $50 million to its PIPE for its combination with kinetic energy storage company Energy Vault.

This new funding came from an accredited investor under the same $10 per share terms as the existing PIPE.

VPC Impact III (VPCC) Shareholders Approve Dave Deal

Jan 4, 2022 INTEL by Marlena Haddad

VPC Impact Acquisition Holdings III, Inc. (NYSE:VPCC) announced today that its shareholders have approved its combination with fintech platform Dave.

The vote was overwhelmingly approved as it received 22,703,814 votes in favor of the business combination.

The Latest SPAC News and Rumors: January 4, 2022

Jan 4, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Pico acquires Redline Trading Solutions, Anghami delivers new user experience through partnership with Amazon Alexa, and Novo Tellus gets nod for SPAC listing

Pico Acquires Redline Trading Solutions

Pico, a leading provider of mission critical technology, data and analytic services for the financial markets community, today announced that it has acquired Redline Trading Solutions, a multi award-winning provider of high performance trading and market data software solutions.

Globis Acquisition Corp. (GLAQ) Adds Up to $29.5M to Forafric Deal

Jan 4, 2022 INTEL by Nicholas Alan Clayton

Globis (NASDAQ:GLAQ) announced this morning in an 8-K that it has agreed to funding mechanisms that would bring up to $29.5 million in new capital to its combination with African agribusiness Forafric. This new money comes in the form of a $9.5 million convertible note, which will automatically convert to shares in the post-combination at
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The Latest SPAC News and Rumors: January 3, 2022

Jan 3, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Securities Commission Malaysia revision could revive more SPACs; Alpha Tau completes enrollment of Japanese pivotal clinical trial

SC’s Revision Could Revive More SPACs in Malaysia

The revised equity guidelines for the enhanced SPAC framework from Jan 1, 2022 are expected to make the asset class a more attractive option for promoters and potential investors.

Capstar Special Purpose (CPSR) Adds Backstop to Gelesis Deal

Jan 3, 2022 INTEL by Nicholas Alan Clayton

Capstar (NYSE:CPSR) announced in an 8-K this morning that it is has added a $15 million backstop to its combination with biotech firm Gelesis to secure the deal’s cash terms ahead of its shareholder vote. The backstop combines with the transaction’s existing $90 million PIPE to meet the deal’s $105 million minimum cash condition on
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SPACInsider Awards: 2021 SPAC Deal of the Year

Jan 2, 2022 INTEL by Kristi Marvin

2021 was a roller coaster of a year filled with some truly remarkable events. From the sheer volume and exuberance of the first quarter to the 55+ law firms banding together to reject a frivolous lawsuit, could anyone say they remember a wilder year than 2021?

The Latest SPAC News and Rumors: December 31, 2021

Dec 31, 2021 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Former Sony PlayStation CEO launches $225 million gaming SPAC and EToro’s valuation dips over 15% to $8.8B after amended deal

Early Sony PlayStation Boss Launches $225 Million Gaming SPAC

The former CEO of Sony Computer Entertainment America, who helped make the PlayStation a popular gaming console, is leading a $225 million SPAC that’s pursuing a deal in the video game industry.

The Latest SPAC News and Rumors: December 30, 2021

Dec 30, 2021 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Tikehau Capital receives eligibility to list its SPAC on Singapore Exchange

Tikehau Capital Said to Get Nod for SPAC Listing in Singapore

European asset manager Tikehau Capital SCA has received an eligibility-to-list letter from the Singapore exchange for its blank-check company, according to Bloomberg.

CF Acquisition Corp. V (CFV) Adjourns Vote for Satellogic Deal for Third Time

Dec 30, 2021 INTEL by Marlena Haddad

CF Acquisition Corp. V (NASDAQ:CFV) announced in a press release this morning that it has adjourned its special meeting to vote on its combination with orbital imagery company Satellogic.

This marks the third time CFV has adjourned the shareholder meeting citing it still needs additional time to continue discussions regarding further financing for the post-combination company.

TPG Pace Beneficial Finance and EVBox Mutually Terminate Deal

Dec 29, 2021 INTEL by Kristi Marvin

TPG Pace Beneficial Finance (NYSE:TPGY) and EVBox Group, a global provider of EV charging technologies, announced this evening they have opted to mutually terminate their business combination agreement.

TPGY and EVBox originally announced their intended combination over a year ago on December 10, 2020.

Aetherium Acquisition Corp. (GMFIU) Prices $100M IPO

Dec 29, 2021 IPOs by sam.beattie

Aetherium Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GMFIU” Thursday, December 30.

The new SPAC intends to focus on businesses in the education, training, and education technology industries, specifically in Asia (excluding China).

The Latest SPAC News and Rumors: December 29, 2021

Dec 29, 2021 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: FiscalNote acquires South Korea-based alt data solutions provider Aicel Technologies, Securities and Exchange Board of India waits for further regulatory clarity

FiscalNote Announces Agreement to Acquire South Korea-Based Alternative Data Solutions and Software Leader Aicel Technologies

FiscalNote, a leading AI-driven enterprise SaaS company that delivers legal and regulatory data and insights, announces it has entered into a definitive agreement to acquire Aicel Technologies, a rapidly-expanding, Seoul, Korea-based alternative data company that provides unique alpha-capturing dataset solutions and extracts value and actionable insights to drive business solutions for emerging fintech markets around the world.

Athena Technology Acquisition Corp. (ATHN) Shareholders Approve Heliogen Deal

Dec 28, 2021 INTEL by Marlena Haddad

Athena Technology Acquisition Corp. (NYSE:ATHN) announced in a press release today that its shareholders have approved its combination with solar energy provider Heliogen.

Over 91% of the votes cast at today’s special meeting were in favor of the approval of the business combination.

NextGen Acquisition Corp. II (NGCA) Shareholders Approve Virgin Orbit Deal

Dec 28, 2021 INTEL by Marlena Haddad

NextGen Acquisition Corp. II (NASDAQ:NGCA) announced that its shareholders have approved its combination with space venture Virgin Orbit. Although NGCA did not disclose exact redemption amounts, today’s press release stated that the transaction is expected to raise approximately $228 million in gross proceeds with $68 million of that amount coming from trust proceeds, implying a
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The Latest SPAC News and Rumors: December 28, 2021

Dec 28, 2021 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: New listing rules could bring more SPACs to Hong Kong Exchange; Virgin Orbit invests in startups as it wraps up SPAC merger

Surprise New Rules Could Bring More SPACs to Hong Kong Exchange

The city’s exchange on Dec.

CC Neuberger Principal Holdings II (PRPB) Adds $75M to PIPE for Getty Deal

Dec 28, 2021 INTEL by Nicholas Alan Clayton

CC Neuberger Principal Holdings II (NYSE:PRPB) has added $75 million to its PIPE for its combination with visual content marketplace Getty.

This new funding came at from CC Neuberger II affiliate Multiply Group under the same $10 per share terms as the existing PIPE.

Welsbach Technology Metals Acquisition Corp. (WTMAU) Prices $75M IPO

Dec 27, 2021 IPOs by Marlena Haddad

Welsbach Technology Metals Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “WTMAU” Tuesday, December 28.