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Prime Impact Acquisition I (PIAI) Postpones Extension Vote

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latest liquidations

The Latest Liquidations: March 2, 2023

Latest SPAC Liquidations: Build Acquisition, McLaren Technology, and Live Oak Mobility


Build Acquisition Corp. (BGSX) to Liquidate on March 17

Build Acquisition Corp. (NYSE:BGSX) today announced that it will redeem all of its outstanding common stock that was included in the units issued in its initial public offering, effective as of the close of business on March 17, 2023, as the company will not consummate an initial business combination on or prior to March 19, 2023.

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Jaguar Global Growth Corporation I (JGGC) to Combine with GLAAM in $309M Deal

Jaguar Global (NASDAQ:JGGC) has entered into a definitive agreement to combine with smart glass manufacturer GLAAM at an enterprise value of $309 million, or 14.7x its 2022 revenue.

Seoul-based GLAAM manufactures glass that doubles as a display for building exteriors to be used as space for marketing or other media.

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latest-news

The Latest SPAC News and Rumors: March 2, 2023


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

Latest SPAC News: Delaware court finds broad D&O coverage for directors and officers in SPAC claim, UpHealth SPAC lawsuit advances against GigCapital’s Avi Katz, and SoFi named World’s Most Innovative Company 


Delaware Court Finds Broad D&O Coverage for Directors and Officers in SPAC Claim

A Delaware court recently issued a significant opinion in a directors and officers liability claim involving a special purpose acquisition company.

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agreements

BurTech Acquisition Corp. (BRKH) Adds Non-Redemption Agreements

BurTech Acquisition Corp. (NASDAQ:BRKH) announced in an 8-K this morning that it has entered into non-redemption agreements with one or more investors covering up to 4,000,000 shares.

Its shareholders are heading to a vote at 11:30 am March 10 where they will consider extending the SPAC’s transaction deadline from March 15 to December 15.

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Tristar Acquisition I Corp. (TRIS) Announces LOI, Extends Deadline

Tristar Acquisition I Corp. (NYSE:TRIS) announced in an 8-K this morning that it has entered into a non-binding letter of intent (LOI) to combine with an unnamed target company.

As per the terms of its prospectus, Tristar I may now automatically extend its transaction deadline by three months from April 18 to July 18 by dint of having the LOI in hand.

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lock-ups

Sagaliam Acquisition Corp. (SAGA) Terminates Arabian Entertainment Deal

Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends to terminate their proposed merger, just a few months after their deal announcement.

On February 23, 2023, the company notified Sagaliam that since the SPAC did not receive subscription agreement commitments before December 15, 2022, it has chosen to terminate the merger.

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latest-news

The Latest SPAC News and Rumors: March 1, 2023


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

Latest SPAC News: Westrock Coffee announces acquisition of Bixby Roasting, Fisker shares soar on production, and Digital World to appeal Nasdaq delisting


Westrock Coffee Announces Strategic Acquisition of Bixby Roasting

Westrock Coffee Company (Nasdaq: WEST), a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider to the retail, foodservice and restaurant, convenience store and travel center, non-commercial, CPG, and hospitality industries, announced today the Company has acquired Bixby Roasting Co.,

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Capitalworks Emerging Markets (CMCA) to Combine with Lexasure in $250M Deal

Capitalworks Emerging Markets (NASDAQ:CMCA) has entered into a definitive agreement to combine with digital insurance firm Lexasure at a pre-money equity value of $250 million. Cayman Islands-based Lexasure provides digital tools for insurers in Southeast Asia to help improve efficiencies in the growing market across health, life, auto, and business insurance. Transaction Overview Capitalworks has
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agreement

DHC Acquisition Corp. (DHCA) Adds Non-Redemption Agreement

DHC Acquisition Corp (NASDAQ:DHCA) announced in an 8-K this morning that it has come to agreements with one or more investors to not redeem 400,000 shares.

If these investors still hold these shares through the SPAC’s March 3 extension vote, they will receive 150,000 promote shares (1.9%) once DHC has consummated a business combination.

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