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The Growth for Good Acquisition Corporation (GFGD) to Combine with ZeroNox in $306M Deal

zeronox

The Growth for Good Acquisition Corporation (GFGD) to Combine with ZeroNox in $306M Deal

Mar 8, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
The Growth for Good Acquisition Corporation (NASDAQ:GFGD) has entered into a definitive agreement to combine with off-highway EV-maker ZeroNox at an enterprise value of $306 million, or 28.8x its 2022 revenue. Porterville, California-based ZeroNox manufactures electric drivetrains for a wide range of off-highway vehicles like golf carts, forklifts and all-terrain vehicles. The combined company is expected
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KINS Technology Group Inc. (KINZ) Postpones Completion Vote for Inpixon

Mar 7, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

KINS Technology Group Inc. (NASDAQ:KINZ) announced in an 8-K this afternoon that it has postponed its special meeting to complete its transaction with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application.

The completion vote was originally scheduled to be held tomorrow, March 8, but will now be pushed back until Friday, March 10 at 1:30 p.m.

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Teaser

Banner Acquisition Corp. (BNNR) Signs LOI With Multiple Targets

Mar 7, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Banner Acquisition Corp. (NASDAQ: BNNR) this afternoon announced that it has entered into multiple non-binding letters of intent (LOI) with target companies in the property services sector.

The SPAC did not disclose exactly how many targets will be a part of this possible merger, but it intends to continue seeking additional acquisition targets that provide services in similar areas such as cleaning, HVAC, plumbing, landscaping, pest control, and residential solar.

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The Latest SPAC News and Rumors: March 7, 2023

Mar 7, 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: Amprius Technologies files for 5 GWh production facility, and Drilling Tools International announces distribution agreement with CT Energy for RotoSteer

Silicon anode battery producer files for 5 GWh production facility in Colorado

Amprius Technologies has signed a letter of intent to build a 775,000 square foot battery manufacturing facility capable of producing 5 GWh of silicon anode-based lithium-ion batteries in the coming years.

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Teaser

Churchill Capital Corp V (CCV) Reveals LOI Target as Sustainable Living Innovations

Mar 7, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Churchill Capital Corp V (NYSE:CCV) this morning revealed that the letter of intent it has had pending for the past three months is with proptech firm Sustainable Living Innovations.

Sustainable Living produces panelized building systems for multifamily homes that are manufactured at its 91,000-square-foot Tacoma, Washington facility.

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Genesis Growth Tech Acquisition Corp. (GGAA) Terminates Biolog-id Deal

Mar 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Genesis Growth Tech Acquisition Corp. (NASDAQ:GGAA) announced this afternoon that it has mutually terminated its deal with French medical software firm Biolog-id.

The SPAC originally signed a $312 million memorandum of understanding with the medical software company in August 2022 and intended on financing the combination with about $257.1 million from its trust but never supplemented this with a PIPE.

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latest-news

The Latest SPAC News and Rumors: March 6, 2023

Mar 6, 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: Lucid Air Grand Touring fails to meet EPA mileage range, Embark Trucks to cut 70% of workforce, and Sonder to reduce employees by 14%

2022 Lucid Air Grand Touring Fails to Meet EPA Mileage Range

The highly anticipated 2022 Lucid Air Grand Touring (NASDAQ:LCID) needs to catch up to its EPA mileage range.

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agreement

The Latest Non-Redemption Agreements: March 6, 2023

Mar 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Latest Non-Redemption Agreements: Inception Growth, Vector II

Inception Growth Acquisition (IGTA) Inks Non-Redemption Agreement

Inception Growth (NASDAQ:NSTC) entered into a non-redemption agreement with investors securing 400,000 shares that will not be redeemed in connection with the special meeting to extend its transaction deadline by six months from March 13 to September 13.

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EF Hutton Acquisition Corporation I (EFHT) to Combine with E.C.D. Auto Design

Mar 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
EF Hutton Acquisition Corporation I (NASDAQ:EFHT) has entered into a definitive agreement to combine with E.C.D. Auto Design at an initial value of $225 million. Kissimmee, Florida-based E.C.D. Auto Design is the industry leader in delivering restored and modified Land Rover Defenders. The combined company is expected to trade on the Nasdaq once the deal is
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Kernel Group Holdings (KRNL) to Combine with AIRO in $847M Deal

Mar 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Kernel Group (NASDAQ:KRNL) has entered into a definitive agreement to combine with air mobility company AIRO Group at an equity value of $847 million, or about 19.7x its 2023E revenue. AIRO operates a series of aviation brands and aims to be a broad-based aerospace and defense player once its divisions reach full commercialization with a
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SPAC-Terms-Tracker

SPAC IPO Terms Tracker: Closing Out February, Starting a New Month

Mar 4, 2023 Headline Post, INTEL by Kristi Marvin
Terms Tracker for the Week Ending March 3, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Thanks to SilverBox Corp. III’s Monday night pricing, SPAC’s closed February notching an IPO count of six. This number hasn’t been matched since May of
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proxy vote

Altimar III (ATAQ) Adjourns Extension Vote Again

Mar 3, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Altimar Acquisition Corp. III (NYSE:ATAQ) announced in an 8-K this afternoon that it has again adjourned its extension vote and will reconvene on March 6 at 4:00 p.m.

A total of 15,801,410 ordinary shares, representing approximately 81.42% of Altimar’s outstanding shares, participated in the meeting, so turnout was not an issue, but it is likely that redemption levels are not yet where the SPAC wants them to be.

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agreement

The Latest Non-Redemption Agreements: March 3, 2023

Mar 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Northern Star Investment Corp. III, Northern Star Investment Corp. IV, M3-Brigade II

Northern Star Investment Corp. III (NSTC) Enters Non-Redemption Agreement

Northern Star Investment Corp. III  (NYSE:NSTC) entered into its fourth non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 1,400,000 shares in connection with the special meeting to extend its timeline from March 4 to September 4.

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Plum Acquisition Corp. I (PLMI) to Combine with Sakuu in $705M Deal

Mar 3, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Plum I (NASDAQ:PLMI) has entered into a definitive agreement to combine with additive manufacturing battery company Sakuu at an enterprise value of $705 million. Silicon Valley-based Sakuu makes solid-state and lithium metal batteries for complex active devices using proprietary additive manufacturing processes. The combined company is expected to be listed under the symbol “SAKU” once
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