The Latest SPAC News and Rumors: September 8, 2021

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Banner Acquisition Corp. (BNNRU) Prices $150M IPO

Banner Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “BNNRU” Wednesday, September 8.

The Company intends to seek partnership with family-owned or founder-led businesses and industry-leading, tenured management teams looking to continue their significant ownership in the business that they have built for the long-term.

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Malacca Straits Acquisition Company Limited (MLAC) Terminates Asia Vision Deal

Malacca Straits (NASDAQ:MLAC) announced this morning that it and Asia Vision Network have mutually terminated their business combination citing “unforeseen circumstances beyond the control of either party”. These unforeseen circumstances are likely the general down market for SPACs, which has made for a challenging environment to close combinations. Already two other SPACs – ACE Convergence
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The Latest SPAC News and Rumors: September 7, 2021


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

Latest SPAC News: Traveloka to halt talks with Thiel’s Bridgetown SPAC, Tikehau Capital plans to list SPAC in Singapore, and BlackSky awarded $30 million contract


Traveloka Is Said to Halt Talks With Thiel’s Bridgetown SPAC

Indonesia’s Traveloka has halted talks to go public through a deal with Bridgetown Holdings Ltd.

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Sustainable Opportunities Acquisition Corp. (SOAC) Shareholders Approve DeepGreen Metals Deal

Sustainable Opportunities Acquisition Corp. (NYSE:SOAC) announced in a press release and 8-K filing today that its shareholders approved its combination with rare earth materials miner DeepGreen Metals, but redemptions removed approximately 90.9% of the SPAC’s trust. The press release disclosed that the combined company, known as The Metals Company (“TMC”), expects to receive approximately $137.3
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SPAC IPO Terms Tracker: Closing Out Summer

Sep 5, 2021 INTEL by sam.beattie
Terms Tracker for the Week Ending Sept. 3, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Ahead of Labor Day Weekend, the pace of SPAC IPOs has remained relatively consistent for the past month with August’s 30 IPOs priced matching July’s
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Insight Acquisition Corp. (INAQ.U) Prices $240M IPO

Insight Acquisition Corp. announced the pricing of its $240 million IPO and its units are expected to begin trading on the NYSE under the symbol “INAQ.U” Thursday, September 2.

The new SPAC intends to focus its search on businesses in the FinTech or financial services industry with an enterprise value of approximately $750 million to $1.5 billion, with particular emphasis on businesses that are providing or changing technology for traditional financial services (“FinTech”), those in the wealth, investment, asset management and insurance sectors, or certain types of technology companies that provide services to the FinTech or financial services companies.

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Genesis Park Acquisition Corp. (GNPK) Shareholders Approve RedWire Deal

Genesis Park Acquisition Corp. (NYSE:GNPK) announced in an 8-K filing today that its shareholders have approved its combination with aerospace part manufacturer RedWire in a meeting held earlier this morning. The filing did not disclose redemption figures, but GNPK traded above $10 throughout its redemption deadline August 30.  GNPK fell by 1.28% and closed at
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Chardan Healthcare Acquisition 2 Corp. (CHAQ) Shareholders Approve Renovacor Deal

Chardan Healthcare Acquisition 2 Corp. (NYSE:CHAQ) announced in a press release today that its shareholders have approved its combination with biotech firm Renovacor in a meeting held earlier this morning. CHAQ did not report exact redemption amounts, but mentioned the transaction will provide gross proceeds of approximately $95.1 million, including $30.0 million from the concurrent closing
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The Latest SPAC News and Rumors: September 1, 2021


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

Latest SPAC News: Moelis SPAC holders advised by ISS to vote down Archer deal, Compass Digital is said to plan $200 million IPO, and Singapore Exchange to roll out new rules for SPACs


Moelis SPAC Holders Advised by ISS to Vote Down Archer Deal

Investors in Ken Moelis’s Atlas Crest Investment Corp.

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Centricus Acquisition Corp. (CENH) Shareholders Approve Arqit Deal

Centricus Acquisition Corp. (NASDAQ:CENH) announced in an 8-K filing today that its shareholders have approved its combination with quantum encryption technology firm Arqit, albeit with heavy redemptions. The SPAC pre-announced its redemption amounts two days ago in an 8-K where it disclosed shareholders redeemed an aggregate of 32,351,570 shares. It has since gotten 2,200,000 shares to
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CM Life Sciences II Inc. (CMII) Shareholders Approve SomaLogic Deal

CM Life Sciences II Inc. (NASDAQ:CMIIU) announced in an 8-K filing today that its shareholders approved its combination with proteomics firm SomaLogic at a meeting yesterday. The filing did not include redemption details, but CM II may have been safer than other SPACs heading to close this month as it opened at $9.99 on its
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Supernova Partners (SPNV) Shareholders Approve Offerpad Deal

Supernova Partners Acquisition Corp. (NYSE:SPNV) announced in an 8-K filing today that its shareholders approved its combination with proptech firm Offerpad earlier this morning. Holders of 36,886,002 shares of SPNV were present at today’s meeting, and the business combination received 34,342,933 votes in favor of the transaction. The filing did not release redemption numbers, but
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