AMCI Acquisition Corp. II (NASDAQ:AMCI) announced this afternoon that it has adjourned its special meeting to complete its transaction with sustainable materials-maker LanzaTech.
The meeting, which was scheduled to occur today at 11:00 a.m.,
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The 1% excise tax on share buybacks is still causing ripple effects throughout the SPAC ecosystem. It’s a game of whack-a-mole where the issue never goes away, or like a SPAC virus that keeps spawning variants.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Veteran Hollywood producer Peter Chernin and the owner of French TV production group Banijay have expressed an interest in buying a stake in UK broadcaster ITV’s Studios, the maker of hit show “Love Island”, sources familiar with the matter told Reuters.
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New Vista Acquisition Corp. (NASDAQ: NVSA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with private aviation firm Verijet Holding Company LLC.
Although details on the proposed merger remain limited for the time being, the SPAC expects to announce further information once a definitive agreement has been finalized. New
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Electronics manufacturing is a huge sector, but it’s also fragmented, particularly at the early stages of a new product’s lifecycle.
With its SPAC deal, Tempo Automation (NASDAQ:TMPO) is hoping to change that.
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Crown PropTech Acquisitions (NYSE:CPTK) announced in an 8-K this morning that it is offering certain investors a share of promote shares in exchange for not redeeming their Class A shares at an upcoming February 7 extension vote.
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Ascendant Digital Acquisition Corp. III (NYSE: ACDI) today announced that its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of February 16, 2023.
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Armada I (NASDAQ:AACI) announced this afternoon that it has further postponed its extension vote, marking the third postponement for its special meeting.
The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, then January 31, and is now scheduling it for February 2.
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Cetus Capital Acquisition Corp. priced its $50 million IPO and its units began trading on the Nasdaq under the symbol “CETUU” Wednesday, February 1, 2023.
The new company intends to focus its search for a target business in the industrials, information technology and Internet-of-Things industries with an intention to initially prioritize Taiwan.
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Tailwind Acquisition Corp. (NYSE:TWND) announced this afternoon that it has closed its combination with laser technology firm NUBURU.
The SPAC’s shareholders approved the deal at a special meeting held in December 2022, but did not provide a closing date at that time.
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Revelation Biosciences (NASDAQ: REVB), which completed a merger transaction with Petra Acquisition, announced this afternoon that it will implement a 1-for-35 reverse split of its common stock.
The company gained shareholder approval for the reverse stock split at a special meeting held yesterday and will be effective as of tomorrow morning, February 1.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
UK-based electric vehicle startup Arrival has announced plans to lay off half of its workforce as part of its efforts to cut costs.
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Beard Energy Transition (NYSE:BRD) and Berenson I (NYSE:BACA) announced this morning that they will be canceling their special meetings to extend transaction deadlines.
Beard Energy disclosed that it intends to withdraw from consideration by its stockholders the proposals set forth in the proxy.
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Lionheart III (NASDAQ:LION) announced in an 8-K this morning that its shareholders approved its combination with advanced materials company Security Matters (ASX:SMX) at a special meeting January 30.
The filing did not divulge redemption figures, but the SPAC’s shares spiked to a high of $14.00 on the day of the vote before settling to a close at $10.50, above its estimated trust value of $10.35 per share.
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Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA) announced in an 8-K that it has inked new non-redemption agreements after postponing its initial extension vote.
The SPAC has agreed to allocate up to 37,500 promote shares (1.1%) to investors holding in exchange for them agreeing not to redeem an aggregate of 150,000 shares at the vote now rescheduled to January 31.
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Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote.
The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31.
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