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Financial Strategies Acquisition Corp. (FXCO) to Combine with Austin Biosciences in $166M Deal

Financial Strategies Acquisition Corp. (FXCO) to Combine with Austin Biosciences in $166M Deal

Feb 14, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Financial Strategies (NASDAQ:FXCO) has entered into a definitive agreement to combine with pharmaceutical company Austin Biosciences Corp with a post-deal market capitalization of $166.3 million. The Austin, Minnesota-based company is developing preclinical drug candidates that could potentially improve upon existing cancer treatments. The combined company is expected to trade on the Nasdaq under the symbol
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IPO-Pricing

Mars Acquisition Corp. (MARXU) Prices $60M IPO

Feb 14, 2023 Headline Post, IPOs by Marlena Haddad

Mars Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MARXU” Tuesday, February 14, 2023.

The new SPAC intends to focus on opportunities in automobiles, healthcare, financial technology, cyber security, cleantech, software, Internet and AI, specialty manufacturing and any other related technology innovations market.

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Relativity Acquisition Corp. (RACY) to Combine with SVES in $707M Deal

Feb 13, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Relativity (NASDAQ:RACY) has entered into a definitive agreement to combine with off-price apparel distributor SVES at an enterprise value of $707.25 million. New York City-based SVES operates an apparel re-selling networking distributing overstocked inventory from major brands to discount retailers. The combined company is expected to trade under the symbol “SVES” once the deal is
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latest-news

The Latest SPAC News and Rumors: February 13, 2023

Feb 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: Foris Ventures backs Complete Solaria and Rigetti Computing to lay off 28% of staff

John Doerr to Back Solar Company Ahead of Merger With Thiam’s SPAC

The investment firm of John Doerr, the billionaire chairman of Kleiner Perkins, will put $10 million into Complete Solaria, the solar company that’s merging with the blank-check vehicle started by Tidjane Thiam, a former CEO at Credit Suisse Group AG.

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Inflection Point Acquisition Corp. (IPAX) Closes Intuitive Machines Deal

Feb 13, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Inflection Point Acquisition Corp. (NASDAQ:IPAX) announced this morning that it has landed its combination with Intuitive Machines to close following a shareholder vote at its special meeting on February 8.

The combined company’s shares and warrants are expected to trade on Nasdaq under the ticker symbols “LUNR” and “LUNRW,” respectively, on February 14.

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FinServ II (FSRX) Inks Non-Redemption Agreement

Feb 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

FinServ Acquisition Corp. II (NASDAQ:FSRX) announced in an 8-K this afternoon that it has signed a non-redemption agreement with one or more unaffiliated third parties.

As part of the agreement, the parties have agreed to not redeem an aggregate of 400,000 shares of FSRX in connection with the SPAC’s upcoming meeting on February 20 to consider an extension.

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Aesther Healthcare (AEHA) Secures $60M Backstop for Ocean Biomedical Deal

Feb 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Aesther Healthcare Acquisition Corp. (NASDAQ:AEHA) announced this afternoon that it has entered into an amended $60 million OTC equity prepaid forward transaction with Vellar Opportunity Fund.

The backstop agreement comes a week after Aesther shareholders approved its combination with biotech firm Ocean Biomedical at a special meeting held on February 3, but the parties have not yet closed the deal. As

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Adara Acquisition Corp. (ADRA) Closes Alliance Entertainment Deal

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

Adara Acquisition Corp. (NYSE American: ADRA) announced this afternoon that it has closed its combination with physical media distributor Alliance.

Adara shareholders approved the combination on January 18, but submitted redemption requests to redeem approximately 99.043% of the SPAC’s trust, or 11.39 million shares of Class A common stock, out of the 11.5 million outstanding shares.

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New SPAC: Keen Vision Acquisition Corp. Files for $130M IPO

Feb 10, 2023 INTEL, New S-1 Filings by Marlena Haddad
Following a quiet couple of months, Keen Vision Acquisition Corp. filed its S-1 yesterday afternoon for a $130 million IPO as the first SPAC to file for an IPO in 2023 thus far. Although the new SPAC’s efforts to identify a prospective target business are not limited to a particular industry, it intends to focus
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latest-news

The Latest SPAC News and Rumors: February 10, 2023

Feb 10, 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: Southland awarded $102M from Louisiana Dept. of Transportation, REE lays off 11% of team

Southland Awarded $102 Million Louisiana Department of Transportation and Development Nelson Road Extension and Bridge Project

Southland Holdings, LLC announced today that a subsidiary in its Transportation segment, Johnson Bros.,

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Integrated Wellness Acquisition Corp (WEL) to Combine with Refreshing USA in $198M Deal

Feb 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Integrated Wellness (NYSE:WEL) has entered into a definitive agreement to combine with vending machine operator Refreshing USA at an enterprise value of $197.9 million, or 14x its 2022E EBITDA. The Everett, Washington-based company provides vending machines and micro markets to a variety of office and event spaces in the US. The combined company is expected
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Pathfinder Acquisition Corp. (PFDR) Closes Movella Deal

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

Pathfinder Acquisition Corp. (NASDAQ:PFDR) announced this morning that it has closed its combination with motion-capture technology company Movella.

The combined company will operate as “Movella Holdings Inc.”, and its common stock and warrants are expected to begin trading on the Nasdaq under the ticker symbol “MVLA” and “MVLAW”, respectively, on February 13.

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