Aurora Acquisition Corp. (AURC) Revises Better Deal

Aurora Acquisition Corp. (AURC) Revises Better Deal

Aurora (NASDAQ:AURC) has announced revisions to its combination with proptech firm Better that would replace equity financing with convertible notes. Instead of a $1.5 billion PIPE and a $278 million backstop, the transaction will now be funded by a $750 million bridge note that will convert to equity at close on terms that have not
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Thimble Point Acquisition Corp. (THMA) Shareholders Approve Pear Therapeutics Deal

Thimble Point Acquisition Corp. (NASDAQ:THMA) announced in an 8-K filing today that it secured shareholder approval of its combination with digital treatment provider Pear Therapeutics in a special meeting today. Although Thimble Point did not disclose redemption amounts, THMA traded below $10 throughout its redemption deadline November 26. However, it hit a 52-week high of
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Altimeter Growth Corp. (AGC) Shareholders Approve Grab Deal

Altimeter Growth Corp. (NASDAQ:AGC) secured shareholder approval of its combination with Asian ride-hailing service Grab in a special meeting today. Altimeter disclosed that holders of just 8,565 shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.00 per share, representing an aggregate redemption amount of $85,654.47, or just 0.017%
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The Latest SPAC News and Rumors: November 30, 2021


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

Latest SPAC News: Bullish obtains regulatory license in Gibraltar, and Ackman will need new law to beat lawsuit, investor says


Bullish Goes Live With Institutional Customers After Obtaining Regulatory License in Gibraltar

Bullish, a blockchain-based cryptocurrency exchange, today announced the initial launch of its platform to select institutional customers, following the receipt of a distributed ledger technology license from the Gibraltar Financial Services Commission (GFSC).

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Adit EdTech Acquisition Corp. (ADEX) to Combine with Griid in $3.3Bn Deal

Adit EdTech (NYSE:ADEX) has entered into a definitive agreement to combine with bitcoin self-mining company Griid Infrastructure at an enterprise value of $3.3 billion, or about 2x its 2023E revenue. The New York-based company operates three bitcoin mining operations in the US powered by an electricity mix that is 70% carbon-free. The combined company is
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GigCapital4 (GIG) Arranges Another Backstop

GigCapital4 (NASDAQ:GIG) announced in an 8-K yesterday that it has agreed to a backstop with AE BBAI Aggregator, LP and reduced its pro forma enterprise valuation ahead of its combination with BigBear.ai. The AE Subscriber has committed to purchase an aggregate number of shares of GIG of up to $75 million. This means that AE
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Canna-Global Acquisition Corp. (CNGLU) Prices $200M IPO

Nov 29, 2021 IPOs by Marlena Haddad

Canna-Global Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CNGLU” Tuesday, November 30.

The new SPAC intends to focus its search on target business addressing a large market opportunity with a company that is driving its growth in the medicinal cannabis or cannabinoid industry, which is compliant with all applicable laws and regulations within the jurisdictions in which it is located or operates.

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The Latest SPAC News and Rumors: November 29, 2021


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

Latest SPAC News: Boxed acquires MaxDelivery and Revelation Biosciences announces creation and appointments to scientific advisory board


Boxed Expands into Fast, Fresh Grocery Delivery with Acquisition of MaxDelivery

Boxed, an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers, today announced the signing of a definitive agreement to acquire MaxDelivery, one of New York’s first on-demand grocery delivery services.

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Seven Oaks (SVOK) Adds FPA to Boxed Deal

Seven Oaks (NASDAQ:SVOK) announced this morning that it has supplemented the financing for its business combination with e-commerce grocery platform Boxed by adding a forward purchase agreement.

An affiliate of Atalaya Capital Management, a privately-held alternative investment advisory firm that focuses primarily on private credit and special opportunities investments, has agreed to an FPA of up to $100 million with Seven Oaks.

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TPG Pace Solutions Corp. (TPGS) Announces Preliminary Shareholder Approval

TPG Pace Solutions (NYSE:TPGS) announced this morning that a quorum of shareholders has approved all measures on the ballot of its special meeting set to approve its combination with Vacasa tomorrow. This vote will not be final until after the meeting concludes at 4:30 pm, November 30, but TPG Pace likely hopes that this early
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AerSale (ASLE) Calls All Warrants on Cashless Basis

AerSale (NASDAQ:ASLE) announced this morning that it is calling all outstanding warrants on a cashless basis on 5 pm EST, December 29. The company completed its combination with Monocle in December 2020 and Monocle included one full warrant in each of its IPO units. But, because AerSale has elected to redeem warrants on a cashless
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Pathfinder Acquisition Corporation (PFDR) Lowers Minimum Cash for ServiceMax Deal

Pathfinder (NASDAQ:PFDR) announced in an 8-K this morning that it has lowered the minimum cash condition on its combination with enterprise software firm ServiceMax. The new threshold will be $125 million, down $100 million from $225 million. While such a move typically signals concern about redemptions to come, ServiceMax has matched the $100 million lowering
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TOMORROW: SPACs Go Global: Legal Insights and Market Trends

Nov 29, 2021 INTEL by Kristi Marvin

Don’t forget to register for tomorrow’s SPAC Webinar


SPACs Go Global: Legal Insights and Market Trends

Join us for a virtual panel on November 30, 2021

Participants will gain insight into the use of Special Purpose Acquisition Companies (SPACs) within Europe, Asia, and Latin America and the comparative opportunities and challenges of different regulatory frameworks in key jurisdictions.

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Growth Capital Acquisition Corp. (GCAC) Adds Financing to Cepton Deal

Growth Capital (NASDAQ:GCAC) has signed a committed investment agreement with Lincoln Park Capital Fund that would bring up to $100 million in additional cash to its combination with lidar-maker Cepton. Cepton will have the right, but not obligation to direct Lincoln Park to purchase up to $100 million in stock over the three-year period immediately
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latest-news

The Latest SPAC News and Rumors: November 26, 2021


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

Latest SPAC News: Griid in talks to merge with Adit EdTech and Essentium in talks to go public through Atlantic Coast SPAC


Bitcoin Miner Griid Is In Talks To Go Public Via Merger With Adit EdTech SPAC

Bitcoin miner Griid Infrastructure is in talks to go public through a merger with a SPAC, according to Bloomberg.

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