After announcing its intent to liquidate yesterday, Blockchain Moon Acquisition Corp.(NASDAQ:BMAQ) disclosed this afternoon that it no longer plans to dissolve its trust and will instead continue its search for an alternative target to combine with.
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Four Leaf Acquisition Corp. priced its downsized $52 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FORL” Friday, March 17, 2023.
The SPAC intends to pursue an acquisition of a company focused on the Internet of Things (“IoT”) and adjacent technologies that target the IoT market such as devices, components, software, and communication protocols. Four
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JATT Acquisition Corp. (NYSE: JATT) announced this afternoon that its shareholders have approved its combination with clinical-stage biotechnology company Zura Bio.
A total of 4,907,863 ordinary shares, or 95.5% of JATT’s issued and outstanding ordinary shares, were present at today’s special meeting.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Stockholders for an energy storage company sued their firm’s board of directors alleging they misled investors when bringing their corporation public through a SPAC merger.
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GX Acquisition Corp. II (OTC:GXII) announced this morning that its shareholders have approved its combination with rare earth mineral miner NioCorp (TSX:NB) and the parties expect to close the transaction on March 17.
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Blockchain Moon Acquisition Corp. (NASDAQ:BMAQ) announced this afternoon that it has terminated its deal with Web 3.0 infrastructure builder DLTx ASA (OSX:DLTX) and will liquidate its trust.
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Blockchain Moon Acquisition Corp.(NASDAQ:BMAQ) announced this afternoon that it has unilaterally terminated its deal with Web 3.0 infrastructure builder DLTx ASA (OSX:DLTX).
As a result of the termination, the SPAC’s sponsor, Jupiter Sponsor LLC, disclosed that it will not contribute any additional funds to its trust account.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The company behind former President Donald Trump’s Truth Social has trimmed staff while awaiting regulatory approval for a merger that offers a financial lifeline, according to two people with knowledge of the matter.
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Metals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this morning that it has secured a $135 million mezzanine facility and $15 million PIPE investment to support its combination with Glencore’s (LON:GLEN) CSA Copper Mine.
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For better or worse, fighting fires is big business. This week, we speak with Tim Sheehy, Founder and CEO of Bridger Aerospace (NASDAQ:BAER).
Bridger operates a fleet of firefighting airplanes and support vehicles in the Western United States and it closed a combination with Jack Creek Investment Corporation on January 25th.
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KINS Technology Group Inc. (NASDAQ:KINZ) announced it has closed its combination with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application.
The merger was originally approved by shareholders at a meeting held on March 10, but at that time, the SPAC did not provide a timeline for the closing of the deal. The
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Rocket Internet Growth Opportunities Corp. (NYSE:RKTA) a special purpose acquisition company, announced today that it intends to redeem all of the outstanding Class A ordinary shares at a per-share redemption price of approximately $10.22, and thereafter will dissolve and liquidate.
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Globalink (NASDAQ:GLLI) announced this afternoon that it has terminated its deal with Tomorrow Crypto Group Inc.
The SPAC did not provide further details on the termination and it remains unclear if the breakup was mutual, but Globalink confirmed that it intends to continue its search for an alternative target to combine with.
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Alpine (NYSE:REVE) announced this afternoon that it has further adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus.
The SPAC originally intended to hold its special meeting on February 24, but has adjourned it three times since then.
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Summit Healthcare (NASDAQ:SMIH) announced that its shareholders have approved its combination with drug-maker YS Biopharma at a special meeting held earlier today.
The SPAC did not disclose redemption figures, but noted that the transaction is expected to deliver approximately $36 million in gross proceeds, which are expected to be used for the clinical development and future commercialization of the company’s vaccines.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A special purpose acquisition company’s investor says in Delaware Chancery Court that the SPAC’s managers misled shareholders about a $16 billion merger with United Wholesale Mortgage (NYSE:UWMC) so that they could reap a return from what turned out to be an ‘abysmal’ deal.
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LDH Growth Corp I (NASDAQ: LDHA) announced today that it intends to liquidate and dissolve, effective as of the close of business on March 23, 2023, and will redeem all of the outstanding Class A ordinary shares.
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OceanTech Acquisition I Corp. (NASDAQ:OTEC) announced this afternoon that it has entered into a purchase agreement with its sponsor, OceanTech Acquisitions I Sponsors, and a new sponsor, Aspire Acquisition. As a result, OceanTech will undergo a change in management.
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In light of the recent failure of Silicon Valley Bank and Signature Bank, there have been some inquiries as to where SPAC trusts are held. Continental Stock Transfer & Trust had already confirmed that Silicon Valley Bank was not one of their approved asset managers and therefore none of the SPACs that used Continental as a Trustee would be in danger of having their funds held there.
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