Good Works Acquisition Corp. (GWAC) Shareholders Approve Cipher Mining Deal

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Good Works Acquisition Corp. (GWAC) Shareholders Approve Cipher Mining Deal

Good Works Acquisition Corp. (NASDAQ:GWAC) announced in a press release today that its shareholders approved its combination with bitcoin miner Cipher Mining earlier this morning. Although the press release did not include redemptions, GWAC traded above $10 throughout its redemption deadline August 23 and is currently up 7.68% today at $10.51. Approximately 87.9% of the
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Ace Global Business Acquisition Limited (ACBA) to Combine with DDC Enterprise Limited in $300M Deal

Ace Global (NASDAQ:ACBA) has entered into a definitive share exchange agreement with DDC at an enterprise value of $300 million. Hong Kong-based DDC runs digital cooking content platform DayDayCook and recently launched its own line of prepared meals. The combined company is expected to trade on the Nasdaq once the deal is completed but the
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Law Firm White & Case Fires Shots Across the Bow

Aug 25, 2021 INTEL by Kristi Marvin

Posts a takedown of the recent lawsuits brought by former SEC Commissioner and Law Professor

In the ongoing saga surrounding the recent lawsuits brought by former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, against Pershing Square Tontine Holdings, and more recently, GO Acquisition Corp.

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The Latest SPAC News and Rumors: August 25, 2021


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

Latest SPAC News: Apollo is raising $500 million for SPACs, Cathie Wood amasses 11% stake in $17.5 billion Harry Sloan SPAC, and four SPACs backed by ShiftPixy slash IPO sizes


Apollo Seeks $500 Million Fund to Invest in SPACs

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Locust Walk Acquisition Corp. (LWAC) Shareholders Approve eFFECTOR Therapeutics Deal With Heavy Redemptions

Locust Walk Acquisition Corp. (NASDAQ:LWAC) announced in a press release today that its shareholders approved its combination with biopharmaceutical firm eFFECTOR, but roughly 97% of shareholders also opted to redeem in connection with the vote. LWAC shareholders redeemed 16,978,642 of its outstanding shares, which leaves just $5.2 million in its trust account. Combined with the
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Alpha Healthcare Acquisition Corp. (AHAC) Shareholders Approve Humacyte Deal

Alpha Healthcare Acquisition Corp. (NASDAQ:AHAC) announced in a press release today that its shareholders approved its combination with biotech company Humacyte, Inc. (“Humacyte”) at a special meeting earlier this morning. The press release did not include redemption details, but AHAC was able to trade above $10 throughout its redemption deadline August 20, and opened today
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The Latest SPAC News and Rumors: August 24, 2021


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

Latest SPAC News: Tim Hortons China to Create Data Unit Amid Xi’s Crackdown


Xi’s Data Clampdown Spurs Novel Solution From Tim Hortons China

The company running the Chinese business of Canadian coffee shop chain Tim Hortons is proposing a novel solution to address Beijing’s data security concerns as it seeks to go public in the U.S.

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The Latest SPAC News and Rumors: August 23, 2021


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

Latest SPAC News: Rocket Lab’s spacecraft confirmed for mission to Mars and CompoSecure partners with Gemini to manufacture new crypto credit card


Rocket Lab Spacecraft Confirmed for Mars as NASA Greenlights ESCAPADE Small Satellite Interplanetary Mission

Rocket Lab, a global leader in dedicated launch and space systems, today announced it will begin final mission design and manufacture to supply two interplanetary Photon spacecraft for a science mission to Mars, delivering Decadal-class science at a fraction of the cost of typical planetary missions.

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NextGen Acquisition Corp. II (NGCA) to Combine with Virgin Orbit in $3.2Bn Deal

NextGen II (NASDAQ:NGCA) has entered into a definitive agreement to combine with space venture Virgin Orbit at an enterprise value of $3.2 billion, or 2.1x its 2025E revenue Virgin Orbit delivers satellites to orbit from an airplane-based system with launch sites selected in the UK and Brazil with additional locations slated for Japan and the
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Vector Acquisition Corp. (VACQ) Shareholders Approve Rocket Lab Deal

Vector Acquisition Corp. (NASDAQ:VACQ) announced in a press release today that its shareholders approved its combination with space service provider Rocket Lab in a meeting held earlier this morning. Vector also announced that holders of less than 3% of its shares were redeemed in connection with the proposed merger, making it the best vote of
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The Latest SPAC News and Rumors: August 20, 2021


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

Latest SPAC News: Ackman Proposes to return SPAC funds; Ouster in talks to acquire lidar rival Sense Photonics


Bill Ackman Proposes to Return $4 Billion to SPAC Investors If New Vehicle Is Approved

Bill Ackman proposed to return $4 billion he raised from investors through his SPAC if he gets regulatory approval to launch a new vehicle, saying a lawsuit filed earlier this week has had an impact on his ability to strike a deal.

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Spring Valley (SV) Postpones Shareholder Vote

Spring Valley Acquisition Corp. (NASDAQ:SV) has postponed its special meeting to vote to approve its combination with vertical farming venture AeroFarms. The meeting, which was originally supposed to be held today, August 20th, is now scheduled to take place on Monday August 30th at 10:00 am. The release did not disclose much information aside from
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CA Healthcare (CAHC) Revises LumiraDx Deal

CA Healthcare Acquisition Corp. (NASDAQ:CAHC) announced this morning that it is revising its merger with medical device-maker LumiraDx downwards from an enterprise valuation of $5 billion to $3 billion. CA Healthcare said in its press release that this 40% slash in value came due to “the recent market environment for publicly traded diagnostic companies, general
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