Morning SPAC News Roundup: April 1, 2024

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SPAC Lock-Up Expirations to Watch in April 2024

Lock-up expirations are to slow down in the month of April, because although there will surely still be more chatter about the state of a certain politically active social media chairman’s lock-up, only five de-SPACs and five SPAC sponsors are to see their agreements come to an end at the originally scheduled time. In four
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IX Acquisition Corp. (IXAQ) to Combine with AERKOMM in $200M Deal

IX Acquisition Corp. (NASDAQ:IXAQ) has entered into a definitive agreement to combine with satellite technology firm AERKOMM (PA:AKOM) at an enterprise value of $200 million. Fremont, California-based AERKOMM has developed hardware for broadband and mobile connectivity satellites. The combined company is expected to trade on the Nasdaq under the ticker “AKOM” and maintain a secondary
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Welsbach Technology Metals Acquisition Corp (WTMA) to Combine with Evolution

Welsbach Technology (NASDAQ:WTMA) has signed a business combination agreement with Evolution Metals, which is developing technology to produce the critical materials and alloys in battery production. Transaction Overview Welsbach has about $23.4 million in its current trust after seeing 71.8% of shares redeemed in earlier extension votes that have pushed its deadline to June 30,
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SPAC round-up

Afternoon SPAC News Roundup: March 28, 2024

News and Rumors PR: Bannix (NASDAQ:BNIX) has provided more information on the combination with VisionWave that it announced yesterday, specifying that the imaging technology that VisionWave will acquire from GBT Technologies will primarily seek out applications in military combat scenarios and geological surveys. PR: Grove Collaborative (NYSE:GROV), which combined with Virgin Group II in June
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SPAC round-up

Afternoon SPAC News Roundup: March 27, 2024

News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two
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Bannix Acquisition Corp (BNIX) to Combine with VisionWave in $30M Deal

Bannix (NASDAQ:BNIX) has entered into a definitive agreement to combine with VisionWave Technologies for $30 million. The combined company is expected to trade on the Nasdaq once the deal is completed with an initial outside date of September 14. Transaction Overview Bannix has about $17 million in its trust after seeing 77.4% of its shares
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SPAC round-up

APx Acquisition Corp. I (APXI) to Combine with OmnigenicsAI, MultiplAI Health in $340M Deal

APx (NASDAQ:APXI) has entered into a definitive agreement to combine with precision medicine firms OmnigenicsAI and MultiplAI at an enterprise value $340 million. Once combined, these companies will offer DNA tests to consumers linked to predictive insights on their nutritional and genomic health. The combined company is expected to trade on the Nasdaq under the
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New SPAC: Churchill Capital Corp IX (CCIX) Files for $250M IPO

They say timing is everything and at the end of a week punctuated by two successful traditional IPOs from Astera and Reddit, the sponsor team that announced the CCIV/Lucid deal at the absolute peak of the capital markets insanity that was Q1-2021 dropped their latest new SPAC – Churchill Capital Corp. IX. Is this a
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SPAC round-up

Afternoon SPAC News Roundup: March 25, 2024

Deals and Funding Keen Vision (NASDAQ:KVAC) has entered into a non-binding letter of intent with an unnamed biopharmaceutical company based in Boston with ongoing clinical trials. This allows Keen Vision to activate an automatic six-month extension, which will push its transaction deadline to October 27. Andretti (NYSE:WNNR) has signed a non-redemption agreement with Sandia Investment
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ShoulderUp Technology Acquisitions Corp (SUAC) to Combine with SEE ID in $130M Deal

ShoulderUp (NASDAQ:SUAC) has entered into a definitive agreement to combine with SEE ID at an enterprise value of $130 million. Las Vegas-based SEE ID provides warehouse management tools including IoT devices used for sorting and vehicle safety. The combined company is expected to trade on the Nasdaq under the symbol “DAIC” once the deal is
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