Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
FoxWayne Acquisition Corporation (NASDAQ: FOXW) announced in an 8-K this afternoon that it has mutually terminated its combination agreement with dating app developer Clover.
Although the SPAC did not disclose why the parties nixed the deal, the termination comes just a day after the company held its extension vote.
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Digital Health (NASDAQ:DHAC) announced this afternoon that it has entered into a backstop agreement in connection to its proposed merger with telehealth software firm VSee and digital healthcare provider iDoc.
Under the agreement, the sponsor is committed to purchase any and all additional PIPE shares and accompanying warrants that remain unpurchased by the PIPE investors in the additional PIPE offering at the same purchase price and on the same terms and conditions of the backstop commitment.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Ashley Johnson, chief financial officer for Planet Labs PBC (NYSE: PL), said the satellite-imaging company made the right call to go public by combining with a special-purpose acquisition company—better known as a SPAC.
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Armada I (NASDAQ:AACI) announced this morning that it has postponed its extension vote from 1 pm ET January 20 to the same time January 30, while noting that a recent proposed accounting change would not affect its redemption rate.
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North Atlantic (NASDAQ:NAAC) announced that it has pushed its extension vote one day from 9:30 am ET January 24 to 4 pm ET January 25 and would tweak its contribution to the trust.
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Thrive Acquisition Corporation (NASDAQ: THAC) announced today that it intends to liquidate and dissolve, effective as of the close of business on January 25, 2023, and will redeem all of the outstanding Class A ordinary shares at an anticipated per-share redemption price of approximately $10.36.
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OCA Acquisition Corp. (NASDAQ:OCAX) announced this afternoon that it adjourned today’s special meeting until tomorrow, January 19, at 9:00 a.m. E.T.
Today’s meeting was being held to vote on an amendment to extend OCAX’s completion deadline.
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Onyx Acquisition Co. I (NASDAQ: ONYX) announced this afternoon that it is in discussions to combine with Helios Investment Partners at an enterprise value of $1 billion.
The proposed merger would result in the creation of a newly combined company focused on the development of natural gas and low-carbon energy in Africa and would be called Helios Energy Transition Infrastructure (HETI).
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Armada Acquisition Corp. I (Nasdaq: AACI) filed a supplement to its extension proxy yesterday with some language that was sure to raise a few eyebrows in the SPAC investor community. Namely, that it wants the ability to remove earned interest from the trust account to pay for any excise tax due to redemptions.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Singapore-based superapp developer Grab (NASDAQ:GRAB) is cementing its position as the dominant food delivery player in the Association of Southeast Asian Nations, even as growth in the once booming digital service dramatically slows, a report released on Tuesday showed.
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Volta Inc. (NYSE:VLTA), which completed a combination with Tortoise Acquisition Corp. II in August 2021, announced this morning that it has agreed to be acquired by Shell, a subsidiary of Shell plc (NYSE: SHEL), in an all-cash transaction at $0.86 per share.
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Ares Acquisition Corporation (NYSE:AAC) announced this morning that it has decided to reschedule its January 24 shareholder meeting to 9:30 am ET February 2.
Shareholders will now have until January 31 to make redemption decisions.
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Global Partner Acquisition Corp. II (NASDAQ:GPAC) announced in an 8-K this morning that it has transferred control of its sponsor to affiliates of New York-based private equity firm Antarctica Capital Partners.
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Crown PropTech Acquisitions (NYSE:CPTK) announced in an 8-K this afternoon that it has agreed to sell most of its sponsor shares and will undergo a change in management.
CIIG Management III LLC entered into a securities assignment agreement with CPTK to purchase 5,662,000 Class B ordinary shares and 250,667 private placement warrants.
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Blockchain Coinvestors I (NASDAQ:BCSA) announced this afternoon that it has postponed its shareholder meeting to extend its transaction deadline.
The meeting, which was originally scheduled for January 18, will now take place at 11:30 a.m.
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