STOP THE WAR! Let’s support Ukraine Together

Shopping Cart

The Latest SPAC News and Rumors: March 13, 2023

latest-news

The Latest SPAC News and Rumors: March 13, 2023

Mar 13, 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:  TRISO-X completes fuel test to power nuclear thermal propulsion in space and Arrival expects annual losses as high as $1B

TRISO-X Successfully Completes Fuel Test to Power Nuclear Thermal Propulsion in Space

TRISO-X LLC a wholly owned subsidiary of X-Energy Reactor Company, LLC that primarily develops and designs tri-structural isotropic particle fuel, today announced the successful test of its coated particle fuel for nuclear thermal propulsion applications, marking a major step toward a one-of-a-kind, nuclear-powered rocket.

...READ MORE

Mobiv Acquisition Corp. (MOBV) to Combine with SRIVARU in $195M Deal

Mar 13, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
Mobiv Acquisition Corp. (NASDAQ:MOBV) has entered into a definitive agreement to combine with electric motorcycle provider SRIVARU Holding Ltd. at a pro forma implied enterprise value of $195 million. The Coimbatore, India-based company provides affordable electric two-wheelers with automated braking, a low center of gravity to improve stability, enhanced safety features, and easy charging compatible with
Read More
To access this post, you must purchase 1 - User: Monthly Plan.

Worldwide Webb Acquisition Corp. (WWAC) to Combine with Aeries Technology in $656M Deal

Mar 13, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Worldwide Webb (NASDAQ:WWAC)  has entered into a definitive agreement to combine with consultancy firm Aeries Technology in a deal expected to result in it achieving $656 million in equity value at close. Mumbai-based Aeries provides outsourcing and offshoring business services for companies, frequently in tandem with private equity partners. Transaction Overview Worldwide Webb has about
Read More
To access this post, you must purchase 1 - User: Monthly Plan.
SPACinsider-podcast-logo-300-x-200
SPAC-Terms-Tracker

SPAC IPO Terms Tracker: First Full Week of March

Mar 11, 2023 Headline Post, INTEL by Kristi Marvin
Terms Tracker for the Week Ending March 10, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The first full week of March was relatively quiet with no new S-1 registration statements filed and no IPOs priced. However, there were three amendments
Read More
To access this post, you must purchase 1 - User: Monthly Plan.
latest liquidations

KINS Technology Group (KINZ) Shareholders Approve Inpixon Deal

Mar 10, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

KINS Technology Group Inc. (NASDAQ:KINZ) announced its shareholders have approved its combination with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application at a special meeting held earlier today.

Holders of 7,097,290 shares of KINS common stock were present at today’s meeting, representing 97.39% of KINS’ common stock outstanding.

...READ MORE

DiamondHead Holdings Corp. (DHHC) Postpones Completion Vote for Great Southern Homes

Mar 10, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this afternoon that it has rescheduled its special meeting to complete its transaction with homebuilding company Great Southern Homes, Inc.

The company originally planned to hold the completion vote on March 14, but will now be pushing it back until March 23 at 10:00 a.m.

...READ MORE
Teaser

BYTE Acquisition Corp. (BYTS) Signs $290M LOI with Airship AI

Mar 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
BYTE Acquisition Corp. (NYSE:BYTS) has inked a non-binding letter of intent to combine with public safety technology firm Airship AI that would give the company an enterprise value of $290 million. The SPAC is heading into a vote to extend its transaction deadline on March 16. This would move its deadline from March 23 to
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
changes-ahead

JATT Acquisition Corp. (JATT) Expands FPA for Zura Bio Deal

Mar 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

JATT (NYSE:JATT) announced in an 8-K this morning that it will now issue 2,500,000 new shares to its FPA investors following the close of its business combination with Zura Bio.

FPA investors Athanor Master Fund and affiliates already agreed to expand their FPA purchases last month to 3,000,000 shares at $10 per share and provide a binding redemption backstop of $15 million covering any redemptions in excess of 90%.

...READ MORE
latest liquidations
agreement
proxy vote

Silver Spike Acquisition Corp. II (SPKB) Intends to Adjourn Extension Vote Indefinitely

Mar 9, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Silver Spike Acquisition Corp. II (NYSE:SPKB) announced in an 8-K this afternoon that it intends to adjourn its extension meeting indefinitely.

The SPAC originally scheduled its vote for March 6, but adjourned it to tomorrow, March 10, hoping that the extra days would give its sponsor more time to engage with its investors and possibly ink non-redemption agreements which have become increasingly common.

...READ MORE
latest-news

The Latest SPAC News and Rumors: March 9, 2023

Mar 9, 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: Marti takes on Istanbul’s top cab group in legal battle, Faraday Future on track to start production of electric SUV, and Presto to use ChatGPT AI

Turkish Ride App Marti Takes on Taxi Boss in Fight for Istanbul’s Megacity Market

Turkish mobility app Marti is in a legal battle over its new taxi-hailing service with Istanbul’s top yellow cab group, as the tech company prepares to list on the New York Stock Exchange through a merger with Galata (NYSE:GLTA).

...READ MORE

Apeiron Capital Investment Corp. (APNC) to Combine with GIO World Health in $250M Deal

Mar 9, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Apeiron (OTC:APNC) has entered into a definitive agreement to combine with biotech firm GIO World Health at a pre-money enterprise value of $250 million. The San Diego-based company is developing stem cell-based therapies in the US and Europe with an eye to applying these to anti-aging products. The deal is expected to be completed in
Read More
To access this post, you must purchase 1 - User: Monthly Plan.
latest liquidations
agreement

The Latest Non-Redemption Agreements: March 8, 2023

Mar 8, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Inception Growth and Byte

Inception Growth Acquisition Limited (IGTA) Adds Non-Redemption Agreement

On March 6, Inception Growth (NASDAQ:IGTA) and its sponsor, Soul Venture Partners LLC, entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 2,100,000 shares of its common stock in connection with its extension vote on March 13.

...READ MORE
latest-news

The Latest SPAC News and Rumors: March 8, 2023

Mar 8, 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: Lordstown Motors says it’s looking for a partner to fund EV output, House Subcommittee on Capital Markets to hold hearing on decline in public firms, and Drew Barrymore collaborates with Grove

Lordstown Motors warns startup needs a partner to fund EV output

Lordstown Motors Corp.

...READ MORE