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The Latest Non-Redemption Agreements: May 23, 2023

May 23, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Capitalworks Emerging Markets

Capitalworks Emerging Markets Acquisition Corp. (CMCA) Adds Non-Redemption Agreement

On May 22, Capitalworks Emerging Markets Acquisition Corp (NASDAQ:CMCA) and its sponsor, CEMAC Sponsor LP, entered into an additional non-redemption agreement with certain unaffiliated third party in exchange for the Holder agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to 399,737 Class A ordinary shares.

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The Latest SPAC News and Rumors: May 23, 2023

May 23, 2023 INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Makara to proceed with IPO, flyExclusive faces hurdles on pandemic demand drop, and OriginClear’s Water on Demand signs MOU

Makara Announces Updating Form S-1 Registration Statement with Current Financial Statements for Planned IPO

Makara Strategic Acquisition Corp.

Genesis Growth Tech Acquisition Corp. (GGAA) to Combine with NextTrip Holdings

May 23, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Genesis Growth (NASDAQ:GGAA) has entered into a definitive agreement to combine with travel technology firm NextTrip. Sunrise, Florida-based NextTrip provides an ecommerce booking platform for air travel, accommodations and other leisure experiences. The combined company is expected to trade on the Nasdaq once the deal is completed in the second half of 2023. Transaction Overview
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SPACs SEC paperwork

New Data Added Detailing Warrant Redemptions and Exchanges

May 22, 2023 Headline Post, INTEL by Kristi Marvin

Warrant Redemptions/Exchanges

As many of you have noticed, de-SPACs (and SPACs) have been busy lately addressing their warrants. In fact, there are currently four De-SPACs with pending warrant exchange offers and two Announced SPACs that would like to amend their warrants to do an exchange.

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The Latest Non-Redemption Agreements: May 22, 2023

May 22, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: GSR II Meteora

GSR II Meteora Acquisition Corp. (GSRM) Adds Non-Redemption Agreement

On May 22, GSR II Meteora Acquisition Corp. (NASDAQ:GSRM) entered into additional voting and non-redemption agreements with unaffiliated third parties in exchange for such Non-Redeeming Stockholders agreeing to either not redeem or to reverse any previously submitted redemption request with respect to an aggregate of 1,200,000 shares of the Company’s Class A common stock.

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The Latest Liquidations: May 22, 2023

May 22, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Signal Hill

Signal Hill (SGHL) to Liquidate on May 26

Signal Hill Acquisition Corp. (NASDAQ: SGHL) announced today that it will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $10.43.

Roth CH Acquisition IV (ROCG) Shareholders Approve Tigo Deal

May 22, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Roth CH Acquisition IV (NASDAQ:ROCG) announced in an 8-K this afternoon that its shareholders approved its combination with renewable energy equipment-maker Tigo at a special meeting held on May 18.

At the meeting, holders of an aggregate of 4,814,516 shares of common stock were present, constituting a quorum for the transaction.

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The Latest SPAC News and Rumors: May 22, 2023

May 22, 2023 INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: Backers of Super Group deal hit with lawsuit and Freightos partners with Electrolux Group

Super Group’s Blank-Check Backers Hit With SPAC Deal Challenge

An investor sued architects of the blank-check merger between online gambling company Super Group (NYSE:SGHC) Ltd.

Everest Consolidator (MNTN) to Combine with Unifund Financial Technologies in $238M Deal

May 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Everest Consolidator Acquisition Corp. (NYSE:MNTN) has entered into a definitive agreement to combine with consumer debt servicer Unifund at an enterprise value of $238 million, or 4.5x its 2022 revenue.

Cincinnati-based Unifund acquires consumer debts from lenders and provides users means of paying them off over time.

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Minority Equality Opportunities Acquisition Inc. (MEOA) Pushes Extension Vote to May 23

May 22, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is postponing its special shareholder meeting from 10 am ET this morning to 2 pm ET tomorrow, May 23.

Shareholders at the meeting are to consider a proposal allowing the SPAC to extend its deadline three months from May 30 to August 30 in exchange for a $250,000 contribution to its trust.

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SPAC IPO Terms Tracker: May 19, 2023

May 20, 2023 Headline Post, INTEL by Kristi Marvin

Terms Tracker for the Week Ending May 19, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week was slightly more active on the filing front with two new S-1 registration statements filed and two amended S-1’s. The new S-1’s are
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The Latest Non-Redemption Agreements: May 19, 2023

May 19, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Capitalworks Emerging Markets, and GSR II Meteora

Capitalworks Emerging Markets (CMCA) Adds Non-Redemption Agreement

On May 18, 2023, Capitalworks Emerging Markets Acquisition Corp. (NASDAQ:CMCA) and the Company’s sponsor, CEMAC Sponsor LP, entered into additional non-redemption agreements with certain unaffiliated third parties in exchange for the Holder or Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to certain Class A ordinary shares.

new-spac

New SPAC: Bowen Acquisition Corp. Files for $60M IPO

May 19, 2023 Headline Post, INTEL, New S-1 Filings by Marlena Haddad

Bowen Acquisition Corp. (NASDAQ:BOWN) filed its S-1 this afternoon for a $60 million IPO and has set out to focus its search on businesses throughout Asia, marking the third SPAC to file for an IPO in May. However, similar to most SPACs focusing on targets in Asia, Bowen will not acquire a business with China
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Beard Energy Transition (BRD) to Combine with Suntuity Renewables in $249M Deal

May 19, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Beard Energy Transition (NYSE:BRD) has entered into a definitive agreement to combine with solar developer Suntuity at an enterprise value of $249 million.

Holmdel, New Jersey-based Suntuity installs residential solar projects in 25 states through both internal sales staff and channel partners.

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The Latest SPAC News and Rumors: May 19, 2023

May 19, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: WeWork CEO to step down to join private equity firm and AppHarvest discloses that it could run out of money by October

WeWork CEO Sandeep Mathrani to Step Down to Join Private Equity Firm Sycamore Partners as Director

WeWork (NYSE:WE) CEO Sandeep Mathrani is stepping down effective May 26, the co-working space firm announced this week.

Rice Acquisition Corp. II (RONI) Adds Additional $50M PIPE to NET Power Deal

May 19, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Rice Acquisition Corp. II (NYSE: RONI) today announced an additional $50 million to its PIPE in connection to its business combination with clean natural gas producer NET Power, bringing the total committed capital to approximately $560 million.

Granite Ridge Resources (GRNT) Calls All Outstanding Warrants

May 19, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Granite Ridge Resources (NYSE:GRNT), which combined with Executive Network Partnering in October 2022, announced this morning that it has launched an offer to exchange all outstanding warrants into 0.25 shares each.

Better World Acquisition Corp. (BWAC) Terminates Combination with Heritage Distilling

May 18, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Better World Acquisition Corp. (NASDAQ:BWAC) announced in an 8-K this afternoon that it has terminated its business combination with Heritage Distilling.

The SPAC notified Heritage that it was electing to terminate the agreement today, but did not provide further details as to why it was nixing the deal.

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The Latest SPAC News and Rumors: May 18, 2023

May 18, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

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

Latest SPAC News: GoLogiq in discussions to combine with Nasdaq listed company and cybersecurity software developer Arqit to sell satellite business

GoLogiq in Late-Stage Discussions for Business Combination with Nasdaq Listed Company

GoLogiq, Inc.

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The Latest Non-Redemption Agreements: May 17, 2023

May 17, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Bleuacacia ltd.

Bleuacacia (BLEU) Adds Non-Redemption Agreement

On May 16, Bleuacacia (NASDAQ:BLEU) and the sponsor entered into further non-redemption agreements with five additional unaffiliated third parties, pursuant to which such third parties agreed not to redeem an aggregate of 750,000 Class A ordinary shares.

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