Merida Merger Corp I (NASDAQ:MCMJ) announced in an 8-K that it has agreed to a backstop with investors ahead of its completion vote next month. On December 22, Merida and its sponsor, Merida Holdings LLC, entered into a share transfer, non-redemption and forward purchase agreement (FPA) with public stockholders of shares of common stock issued
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Temasek Holdings Pte-backed Vertex Venture Holdings Ltd. has
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Li-Cycle (NYSE:LICY) announced this morning that it will redeem all outstanding warrants on January 26, 2022 at a price of $0.10 per warrant.
Warrantholders have until this date to choose to either exercise these 1/2 warrants to purchase shares at $11.50 per share or surrender them on a cashless basis.
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Zanite (NASDAQ:ZNTE) announced this morning in an 8-K that it has added $10 million to the PIPE for its combination with electric vertical take-off and landing vehicle (eVTOL) manufacturer Eve.
The parties agreed to this addition on Christmas Eve, topping off the PIPE to a total of $315 million.
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For subscribers that have a Database Subscription, a new table has been added and you can now find it under the main SPACs tab: Serial Sponsors Table.
On the new page you will find a detailed table showing each Serial SPAC Team’s results with a default ranking based on the average return on the share prices of all of their completed combinations within the time period of 2009 to current-date.
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Arogo Capital Acquisition Corp. announced the pricing of its $90 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AOGOU” Monday, December 27, 2021
The new SPAC intends to focus its search for a target business with operations or prospective operations in electric vehicles (EV) technology, smart mobility or sustainable transportation and related business ecosystems in the Asia Pacific, primarily Southeast Asia, where the management team has extensive experience in the information technology, transportation operations, and manufacturing industries.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Investors in Bill Ackman’s Pershing Square Tontine Holdings Ltd.
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FS Development Corp. II (NASDAQ:FSII) filed an 8-K this morning revealing that its shareholders have approved its combination with antiviral drug developer firm Pardes Biosciences.
Just 243,989 shares, or 1.2%, were redeemed in connection with the vote, removing roughly $2.4 million from its estimated trust of $201 million.
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Rocket Lab (NASDAQ:RKLB) announced this afternoon that it will be calling its warrant for shares as of January 21, 2022, based on the share trading above the $10.00 trigger price.
Warrantholders have until 5 pm EST on the 21st to exercise their warrants for shares at an exercise price of $11.50 or exercise them on a cashless basis.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Investment firm GSV is working on a bid to buy Forbes Media at a $620 million valuation as an alternative to Forbes’ announced SPAC merger with Magnum Opus (NYSE:OPA), Axios has learned.
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HealthCor Catalio Acquisition Corp. (NASDAQ:HCAQ) announced in an 8-K filing that its shareholders approved its combination with medical technology firms Hyperfine and Liminal Sciences, albeit with high redemptions, at a special meeting yesterday.
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