Evo Acquisition Corp. (NASDAQ:EVOJ) announced that it has mutually terminated its business combination with Singaporean logistics software firm 20Cube.
The parties did not provide the causes of the breakup, but noted that the sides had signed agreements to terminate on mutually acceptable terms.
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On April 25, 2023, Juniper II (NYSE:JUN.U) entered into additional Non-Redemption Agreements with 4 unaffiliated third parties. The additional holders agreed to either not request redemption in connection with the extension or to reverse any previously submitted redemption demand with respect to an aggregate of 1,600,000 shares of Class A Common Stock.
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Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) today announced that because the company does not believe it will be able to consummate an initial business combination, it intends to dissolve and liquidate and will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $11.22 based on the amount in trust as of April 24, 2023.
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AltEnergy Acquisition Corp. (Nasdaq: AEAE) announced this afternoon that it has postponed its April 27 special meeting to 12 pm ET on April 28.
At the special meeting, stockholders will be asked to vote on a proposal to extend the SPAC’s completion date from May 2, 2023, to May 2, 2024.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
GSR II Meteora Acquisition Corp.
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Investcorp Europe I (NASDAQ:IVCB) has entered into a definitive agreement to combine with brand protection firm OpSec at an enterprise value of $426 million, or 1.9x its 2023E revenue.
London-based OpSec provides a wide range of services to companies to monitor and protect their brands and intellectual property both physically and digitally.
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CIIG Capital Partners II (NASDAQ:CIIG) announced in an 8-K this morning that it has secured a forward-purchase agreement for up to 10,000,000 shares as it works to close its combination with EV motorcycle-maker Zapp.
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Apollo Strategic II (NYSE:APGB) today announced that it entered into a non-redemption agreement with an unaffiliated third party.
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NewHold Investment Corp. II (NASDAQ: NHIC) today announced that it will dissolve and liquidate promptly after April 25, 2023.
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Progress Acquisition Corp. (Nasdaq: PGRW) announced this afternoon that it has cancelled its April 26 special meeting.
The SPAC originally intended to hold the meeting on April 17, but adjourned it until tomorrow to permit further solicitation of proxies for its extension proposal.
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Apollo Strategic Growth Capital II (NYSE:APGB) announced this morning that it has postponed its April 28 special meeting to 9 am ET on May 5.
Shareholders will be voting on a proposal to allow Apollo Strategic to extend its transaction deadline up to nine months from May 12, 2023 to February 12, 2024.
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Blue World Acquisition Corp. (NASDAQ:BWAQ) announced this morning that it has postponed its April 26 special meeting to 9 am ET May 2.
Shareholders will be voting on a proposal to allow Blue World to extend its transaction deadline up to nine times in one-month increments in exchange for contributions of $0.0295 per share to the trust each time.
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7 Acquisition Corporation (Nasdaq: SVNA) today announced that it will redeem all of its outstanding Class A ordinary shares, with such redemption anticipated to be effective as of the close of business on May 10.
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TG Venture Acquisition Corp. (NASDAQ: TGVC) announced that it has postponed its special meeting, originally scheduled to be held on April 27, until May 4.
In connection with the postponement of the meeting, the SPAC has further extended the redemption deadline until 5:00 p.m.
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Rice Acquisition Corp. II (NYSE: RONI) today announced an additional $275 million of PIPE commitments to its deal with clean natural gas producer NET Power, bringing the total committed capital to $510 million.
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Vision Sensing Acquisition Corp. (NASDAQ: VSAC) announced that it has postponed its special meeting, originally scheduled to be held on Thursday, April 27, until 9:00 a.m. EST on Monday, May 1.
In connection with the postponement, VSAC has extended its redemption deadline to 5:00 p.m.
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Swiftmerge Acquisition Corp. (NASDAQ:IVCP) announced this afternoon that it has signed a non-binding letter of intent to combine with commercial-stage biotech company HDL.
The parties’ press release did not include a proposed valuation for the deal, but Swiftmerge currently has about $228 million in trust and about two months left before its June 17 transaction deadline.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia.
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Focus Impact Acquisition Corp. (NASDAQ:FIAC) announced that it adjourned today’s special meeting, without conducting any other business, and will reconvene tomorrow, April 25, at 4:00 p.m.