Live Oak Mobility (NYSE:LOKM) announced that it has signed a letter of intent (LOI) to combine with an auto parts manufacturer about a week out from its extension vote.
For a transaction that is still non-binding, the parties have sketched out a fair amount of proposed details.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Lux Vending, LLC dba Bitcoin Depot, a U.S.-based
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Tailwind International (NYSE:TWNI) announced in an 8-K filing this morning that it has signed a non-redemption agreement with several unaffiliated third parties in connection to its extension meeting.
Under the non-redemption agreement, the third parties agreed to not redeem an aggregate of 1,900,000 Class A ordinary shares of TWNI.
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Marblegate Acquisition Corp. (NASDAQ:GATE) has entered into a definitive agreement to combine with a number of affiliated LLCs sharing the DePalma name.
The Delaware-registered DePalma companies are holders of New York City, Philadelphia and Chicago taxi medallion assets.
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The chip shortage has been a serious headwind to many tech companies, but what has it been like for the chip makers themselves?
This week we speak with Eli Assoolin, Co-founder CEO and Chairman of Newsight Imaging.
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Anzu Special Acquisition Corp I (Nasdaq: ANZU) announced this afternoon that it has once again adjourned its special meeting, scheduled for today, until February 28.
The SPAC was holding today’s meeting to extend its completion deadline by six months from March 4 up to September 30.
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AXIOS Sustainable Growth (NYSE:AXAC) announced that it has signed a non-binding letter of intent with a European farming target, as it secured an extension vote.
The target company in question is supposedly one of Europe’s largest and most sustainable farming companies with about 18,000 hectares (45,000 acres) of agricultural land.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
EO Charging, a British electric vehicle charging company that works with companies such as Amazon, has agreed funding from investors including from the Middle East at a lower valuation than targeted under a failed Spac listing in New York.
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TPB Acquisition Corp I (NASDAQ:TPBA) announced in an 8-K this morning that it has entered into forward purchase agreements with investors to backstop their shares through close.
The SPAC did not specify how many shares are currently covered by these agreements and noted that similar arrangements with other parties may still be made.
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Internet service provider Starry Group Holdings (NYSE:STRY) and its affiliates today announced that the company has started voluntary chapter 11 bankruptcy proceedings and has entered into a Restructuring Support Agreement (“RSA”) with lenders holding its debt, almost a year after completing its merger with FirstMark Horizon Acquisition Corp.
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Summit (NASDAQ:SMIH) announced in an 8-K this morning that it will reschedule its vote to complete its combination with YS Biopharma from March 1 to 9 am, ET March 14.
This will also push forward the redemption deadline to 5 pm, March 10.
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In the ongoing 1% excise tax battle, Anzu Special Acquisition Corp I (Nasdaq: ANZU) dropped a supplement to its extension vote proxy this morning. Anzu is holding its previously adjourned extension vote at 9:30AM (ET) today to extend its completion deadline six months from March 4, 2023 up to September 4, 2023.
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Churchill Capital Corp VI (NYSE:CCVI) and Churchill Capital Corp VII (NYSE:CVII) announced this afternoon that both companies have signed non-binding letters of intent (LOI) with unnamed targets.
Both SPACs did not disclose any information on the targets but noted that the private companies meet their investment criteria.
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FTAC Athena Acquisition Corp. (NASDAQ:FTAA) a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced that it intends to dissolve and liquidate, effective as of the close of business on February 24, 2023, and will redeem all of the outstanding Class A ordinary shares, at a per-share redemption price of approximately $10.17.
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Mountain Crest Acquisition Corp. III (NASDAQ:MCAE) announced this afternoon that it has closed its combination with healthcare firm ETAO International Group.
MCAE shareholders approved the combination during a special meeting held last week on February 7, but at the time, the SPAC did not divulge a timeline for the closing of the deal.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A SPAC I (NASDAQ:ASCA) has entered into a definitive agreement to combine with fertility services provider NewGenIvf at an enterprise value of $50 million.
Hong Kong-based NewGenIvf provides a full range of fertility services through clinics in four Southeast Asian countries.
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Forest Road II (NYSE:FRXB) announced in an 8-K filing this morning that it has signed a non-redemption agreement with one more investors, securing 1,000,000 shares through an upcoming extension vote.
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