Rice Acquisition Corp. II (NYSE: RONI) today announced that it has secured $15 million for its PIPE in connection to its business combination with clean natural gas producer NET Power, bringing the total committed capital to approximately $575 million.
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On May 26, Social Capital Suvretta Holdings Corp.
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On May 25, 2023, Southport Acquisition Corporation (NYSE:PORT) and its sponsor, Southport Acquisition Sponsor LLC, entered into voting and non-redemption agreements with unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 4,000,000 shares of Class A common stock and to vote in favor of the Extension Proposal and the Extension at the Special Meeting.
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ST Energy Transition I Ltd. (NYSE: STET) announced this afternoon that it has cancelled its meeting to vote on an extension proposal.
The SPAC initially announced the pricing of its $250 million IPO in December 2021 and had 18 months on its timeline to combine with a target.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Vietnamese electric vehicle (EV) maker VinFast said it is recalling all of the first batch of vehicles it shipped to the United States last year following a safety warning issued by U.S.
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Embark Technology (NASDAQ:EMBK), which combined with Northern Genesis II in November 2021, announced this morning that it has agreed to merge with software firm Applied Intuition.
The all-cash deal would give the company a total equity value of $71 million – a far drop from the roughly $5 billion valuation it had upon its Nasdaq debut.
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Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is once again postponing its vote to complete its combination with cloud services firm Digerati (OTC:DTGI) from 10 am on Friday, May 26 until 2 pm on Wednesday, May 31.
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OceanTech I (NASDAQ:OTEC) announced this morning that it will postpone its special meeting originally scheduled for today for 11:30 ET May 30.
Shareholders are to meet virtually to consider extending OceanTech I’s transaction deadline from by up to one year from June 2 to June 2, 2024 in one-month increments.
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Concurrently with the execution of Bridgetown’s (NASDAQ:BTWN) business combination, the sponsor entered into a non-redemption agreement with FWD Life Insurance Company, Limited and FWD Life Insurance Public Company Limited in exchange for them agreeing not to redeem an unspecified number of shares.
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Motive Capital Corp II (NYSE: MTVC) announced today that it intends to liquidate and dissolve and will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on June 9, 2023.
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Grove Collaborative (NYSE: GROV), which completed a merger transaction with Virgin Group II in June 2022, announced this afternoon that it will implement a 1-for-5 reverse split of its common stock.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital World Acquisition Corp.
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Apexigen (NASDAQ: APGN), which recently combined with Brookline Capital in July 2022, announced that it will be acquired by Pyxis Oncology (NASDAQ:PYXS) in an all-stock transaction that would value it at $0.64 per share.
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Desktop Metal (NYSE:DM), which combined with Trine Acquisition Corporation in December 2020, announced it was headed into a new combination this morning as it has agreed to be absorbed an all-stock merger with peer Stratasys that would value it at about $1.88 per share.
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Inflection Point Acquisition Corp II priced its upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPXXU” Thursday, May 25, 2023.
The Company intends to pursue a business combination with a North American or European business in disruptive growth sectors, which complements the expertise of its management team.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Carbon Revolution Limited, a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced the establishment of a $60 million debt financing arranged and insured by PIUS Limited LLC, a Gallagher company, and its affiliates.
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Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is postponing a vote to complete its combination with cloud services firm Digerati (OTC:DTGI) from 10 am ET today to the same time Friday, May 26.
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SPAC transactions have taken a variety of Electric Vehicle (EV) business models to the public markets.
ZeroNox brings another new approach to the EV story with its focus on retrofitting fleets of off-highway vehicles for sustainability.
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