The Latest SPAC News and Rumors: January 30, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Pono Capital Corp. (PONO) Shareholders Approve AERWINS Deal
Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27.
Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction.
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European Biotech Acquisition Corp (EBAC) Adds $14M in Financing to Oculis Deal
European Biotech (NASDAQ:EBAC) announced in an 8-K this morning that it has increased its PIPE by $7.8 million and added $7 million to the convertible loans attached to the combination with biotech firm Oculis.
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DHC Acquisition Corp. (DHCA) Terminates GloriFi Deal
DHC Acquisition Corp (NASDAQ:DHCA) announced that it is formally terminating its combination with conservative banking venture GloriFi.
This was essentially a formality because the SPAC already announced in November that GloriFi had begun the process of winding down.
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SPAC IPO Terms Tracker: Closing in on the End of the First Month of 2023
Terms Tracker for the Week Ending January 27, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re coming up on the end of January, the first month of the year, and to-date no new S-1s have been filed. Additionally, the numberRead More
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The Latest SPAC News and Rumors: January 27, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Circle spokesperson denies blaming SEC for failed deal, BuzzFeed CEO says AI-powered content will be part of core business, and FaZe Clan faces possible delisting
Circle Spokesperson Denies Blaming SEC for Failed $9 Billion Deal
USD Coin (USDC) issuer Circle has rejected claims that it blames the United States Securities and Exchange Commission (SEC) for the failure of its $9 billion plan to go public in December, according to a spokeswoman for the company.
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Health Sciences Acquisitions Corporation 2 (HSAQ) Closes Orchestra BioMed Deal
Health Sciences 2 (NASDAQ:HSAQ) announced that it closed its combination with Orchestra BioMed on January 26.
HSAQ ahead of its vote pre-announced redemption figures of 1,597,888 shares equating to 67.7% redemptions, however, that’s still subject to change.
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Podcast: LanzaTech CEO Dr. Jennifer Holmgren
Carbon capture technology has long been talked about, and it is finally in operation with LanzaTech among the pioneers. Its plants are turning potential emissions into clothing, household goods and sustainable fuels.
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Where Are They Now? – MP Materials
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi.
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Seaport Calibre Materials Acquisition Corp. (SCMA) Adjourns Extension Vote
Seaport Calibre Materials Acquisition Corp. (Nasdaq: SCMA) announced this afternoon that it is pushing today’s special meeting back until January 31.
The SPAC is currently facing a completion deadline of February 1, but is looking to extend its timeline by an additional six months to August 1.
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Blockchain Coinvestors Acquisition Corp. I (BCSA) Postpones Extension Vote
Blockchain Coinvestors I (NASDAQ:BCSA) announced this afternoon that it is once again postponing its special meeting to extend its timeline to complete its business combination.
The meeting was originally scheduled to be held on January 18, but was subsequently postponed to January 27, and now February 3.
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Insight Acquisition Corp. (INAQ) Signs LOI with Avila Energy
Insight Acquisition Corp. (NYSE: INAQ) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with oil and gas developer Avila Energy Corporation (CSE:VIK).
The parties have agreed to negotiate the terms of the transaction on an exclusive basis through February 24, at which point Insight may extend the term for an additional 15 calendar days.
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The Latest SPAC News and Rumors: January 26, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Disruptive Capital sets out to buy back 95% of shares and Buzzfeed rallies after report of Meta deal
SPAC To Buy Back 95% Of Shares After Merger Talks End
Denali Capital Acquisition Corp. (DECA) to Combine with Longevity Biomedical in $236M Deal
Denali Capital (NASDAQ:DECA) has entered into a definitive agreement to combine with biopharmaceutical firm Longevity at an equity value of $236.2 million. Bothell, Washington-based Longevity is building a platform to consolidate a number of clinical-stage therapies, beginning with treatment candidates aiming to improve outcomes of certain vascular conditions as well as replace lost tissue. TheRead More
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International Media Acquisition Corp. (IMAQ) Postpones Extension Vote
International Media Acquisition Corp. (NASDAQ:IMAQ) announced this morning that its special meeting, originally scheduled for today, has been pushed back to tomorrow, January 27.
The postponement was due to a change in the terms of the funds being deposited into the company’s trust in connection with each extension to $385,541.10 being deposited for the initial 3 month extension and $128,513.70 being deposited for each additional monthly extension.
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dMY VI Launches Tender Offer for Rain Enhancement Deal
dMY Technology Group, Inc. VI (NYSE: DMYS) announced this morning that it has launched a tender offer to purchase up to 24,150,000 of its shares of Class A common stock in connection to its business combination with Rain Enhancement Technologies.
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Constellation I (CSTA) Adjourns Extension Vote Again
Constellation Acquisition Corp. I (NYSE:CSTA) announced in an 8-K this morning that it intends to adjourn today’s 8 am ET extension vote until 5 pm ET tomorrow, January 27, as it continues to engage with investors.
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Podcast: Brandon Mintz, CEO of Bitcoin Depot & Gus Garcia, from GSR II Meteora
It has been a bumpy year for crypto, but what if there was a way to invest in the space while dodging the volatility?
Bitcoin Depot hopes to be that stock and announced a $755 million dollar combination with GSR II Meteora Acquisition Corp.
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Gesher I (GIAC) Shareholders Approve Freightos Deal
Gesher I (NASDAQ:GIAC) announced in an 8-K this afternoon that its shareholders approved its combination with global freight booking and payment platform Freightos at a special meeting held earlier today.
The deal was overwhelmingly approved with holders of 11,819,340 shares voting in favor of the deal and just 718,099 shares against it.
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The Latest Liquidations: January 25, 2023
Latest SPAC Liquidations: North Atlantic Acquisition Corporation, G Squared Ascend I
North Atlantic to Liquidate on January 26
North Atlantic Acquisition Corporation (Nasdaq: NAAC), announced today that it has canceled its annual general meeting of shareholders that was previously scheduled for 4:00 PM Eastern time on January 25, 2023, and its Board of Directors has elected to dissolve and liquidate the company.
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