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The Latest SPAC News and Rumors: April 3, 2023

latest-news

Deep Medicine Acquisition Corp. (DMAQ) to Combine with TruGolf in $125M Deal

Deep Medicine (NASDAQ:DMAQ) has entered into a definitive agreement to combine with golf simulator company TruGolf at an enterprise value of $125 million. The Centerville, Utah-based company manufactures advanced golf simulators and launch monitors for both home entertainment and commercial uses. The combined company is expected to trade on the Nasdaq under the symbol “TRUG”
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SPAC IPO Terms Tracker: Closing Out the Month of March

Terms Tracker for the Week Ending March 31, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Filings continue to remain quiet, but SPACs did manage to price two more IPOs this week with TMT Acquisition Corp (Nasdaq: TMTCU) and Trailblazer Merger
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Hudson Acquisition I Corp. (HUDA) Announces LOI

Hudson Acquisition I Corp. (NASDAQ:HUDA) announced that it has signed a non-binding letter of intent (LOI) to combine with a pre-clinical-stage biotechnology company.

The SPAC did not provide many details on the unnamed target, but disclosed that the biotech company is focused on developing intranasal preventives for major disease-causing respiratory viruses.

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lock-ups

SPAC Lock-Up Expirations to Watch in April 2023

Heading into April, SPACs are to see eight sponsors and 11 de-SPAC’d companies freed from lock-ups and ready to trade. Most of these lock-up expirations are loaded into the final week of the month, but those hitting this milestone already next week include some of the more interesting transactions of the crop. In particular, MoonLake
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latest-news

The Latest SPAC News and Rumors: March 31, 2023


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

Latest SPAC News:  Shares of Digital World jump after Trump’s indictment, and pair of Delaware Chancery court decisions deny motions to dismiss SPAC shareholder’s fiduciary breach claims


Trump-Tied SPAC’s Shares Jump After Historic New York Charge

The criminal case against Donald Trump is providing a lift to the blank-check firm taking his media company public, as well as other stocks tied to the former president, as traders bet the news will drive traffic to conservative outlets.

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latest liquidations

Diamond Head Holdings Corp. (DHHC) Closes Great Southern Homes Deal

DiamondHead Holding Corps. (NASDAQ:DHHC) announced that it has closed its combination with Great Southern Homes and the combined company will be renamed United Homes Group.

The deal was approved by shareholders during a meeting last Thursday, and only 109,426 shares were redeemed in connection with the vote, but DiamondHead saw about 87% redemptions in total across all previous votes, leaving it with about $43.9 million in its trust.

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latest liquidations

Alpine Acquisition Corp. (REVE) Cancels Completion Vote, Announces Liquidation

Alpine Acquisition Corp. (NYSE:REVE) announced this afternoon that it has decided to cancel its completion vote tomorrow and will instead liquidate its trust.

Within the last month, the SPAC adjourned its special meeting a total of four times as it faced difficulties trying to finalize items necessary in order to complete its proposed merger with Two Bit Circus.

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latest-news

The Latest SPAC News and Rumors: March 29, 2023


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

Latest SPAC News:  DWAC regains compliance with Nasdaq, White & Case amicably resolves dispute with Colonnade II, and Nikola’s CFO steps down


Trump-backed SPAC Digital World regains compliance with Nasdaq listing

Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check firm that is to merge with former U.S.

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IPO-Pricing

Trailblazer Merger Corporation I (TBMCU) Prices $60M IPO


Trailblazer Merger Corporation I priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBMCU” Wednesday, March 29, 2023.

The SPAC intends to focus its search on companies operating in the technology industry in the following segments: cloud as a service, supply chain technologies, servicing the hybrid workforce and esports.

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