The Latest SPAC News and Rumors: January 17, 2023

Jan 17, 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: FTX Japan draws interest from Monex, Caravelle announces preliminary record-breaking financials for 2022, and Melia Hotels and Falcon Beyond open new resort

Monex Indicates Interest in FTX Japan

As FTX battles with its bankruptcy proceedings, one of the four assets it put on sale, FTX Japan, has caught the interest of Tokyo-based financial services company Monex Group.

Energem Corp. (ENCP) Secures $200M Standby Equity Purchase Agreement

Jan 17, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Energem Corp. (NASDAQ:ENCP) announced this morning that it has secured a Standby Equity Purchase Agreement with YA II, managed by Yorkville Advisors Global, in connection to its proposed merger with sustainable materials maker Graphjet Technology.

SPAC IPO Terms Tracker: Midway through January

Jan 14, 2023 Headline Post, INTEL by Kristi Marvin

Terms Tracker for the Week Ending January 13, 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 two weeks into 2023 and we have yet to see any new S-1s file to IPO. However, there was one IPO pricing with BTIG’s
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Leo Holdings Corp. II (LHC) to Combine with World View in $350M Deal

Jan 13, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Leo II (NYSE:LHC) has entered into a definitive agreement to combine with aerial imaging company World View at an enterprise value of $350 million. The Tuscon, Arizona-based company provides monitoring services via high-altitude balloons. The combined company is expected to trade on the NYSE once the deal is closed in the second quarter of 2023.
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The Latest SPAC News and Rumors: January 13, 2023

Jan 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: Klausner and Grant & Eisenhofer lawyers win ruling against GigCapital3 and SEC plans to finalize two dozen rules in 2023

SPAC Defenders Fear Professor’s Victory Means Lawsuit Gold Rush

Stanford Law Professor Michael Klausner’s legal push aimed at showing SPACs are a rip-off for everyday investors is going as well as he could have hoped.

Where Are They Now? – Utz Brands

Jan 13, 2023 Headline Post, INTEL by Nicholas Alan Clayton

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.

Israel Acquisitions Corp. (ISRLU) Prices $125 Million IPO

Jan 13, 2023 Headline Post, INTEL, IPOs by Marlena Haddad

Israel Acquisitions Corp. priced its $125 million IPO and its units began trading on the Nasdaq under the symbol “ISRLU” Friday, January 13, 2023.

The Company intends to focus on high-growth technology companies that are domiciled in Israel, and that either carry out all or a substantial portion of their activities in Israel or have some other significant Israeli connection.

The Latest Liquidations: January 12, 2023

Jan 12, 2023 Headline Post, INTEL by Marlena Haddad

Latest SPAC Liquidations: SVF Investment Corp.

SVF Investment Corp. (SVFA) to Liquidate on January 12

SVF Investment Corp. (Nasdaq: SVFA) today announced that as of the close of business on January 27, 2023, the Company’s publicly held Class A ordinary shares will be deemed cancelled and will represent only the right to receive their pro-rata share in its trust account.

The Latest SPAC News and Rumors: January 12, 2023

Jan 12, 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: Lucid wins dismissal of lawsuit that claimed it defrauded investors, and DiaCarta receives FDA Emergency Use Authorization for monkeypox test kit

Lucid beats lawsuits claiming it defrauded SPAC investors about production outlook

Lucid Group Inc (NASDAQ:LCID) on Wednesday won the dismissal of a lawsuit accusing the luxury electric car maker of defrauding investors in the special-purpose acquisition company that helped take it public, by significantly overstating its production outlook.

Fat Projects (FATP) and Jack Creek Investment Corp. (JCIC) Postpone Extension Votes

Jan 12, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Fat Projects (NASDAQ:FATP) and Jack Creek (NASDAQ:JCIC) each announced this morning that they were postponing their upcoming extension votes.

Jack Creek is moving its vote originally scheduled for today, January 12, at 10 am ET to the same time January 24.

The Latest SPAC News and Rumors: January 11, 2023

Jan 11, 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: IonQ acquires Entangled Networks, e2open enjoys strong Q3 but warns of softening ahead, and California cannabis firm The Parent Co.

Onyx Acquisition Co. I (ONYX) Postpones Extension Vote

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

Onyx Acquisition Co. I (NASDAQ:ONYX) announced this afternoon that it has postponed its special meeting to extend its transaction deadline.

The meeting, which was originally scheduled for 9:30 a.m. ET on January 12, will now take place at 9:30 a.m.

Mercato Partners Acquisition Corp. (MPRA) Signs LOI with Nuvini

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

Mercato Partners Acquisition Corp. (NASDAQ: MPRA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with Nuvini S.A.

São Paulo, Brazil-based Nuvini acquires and manages a portfolio of high growth software-as-a-service companies.

Berenson Acquisition Corp. I (BACA) Adjourns Extension Vote

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

Berenson Acquisition Corporation I (NYSE:BACA) announced this afternoon that it adjourned today’s special meeting to extend its transaction deadline to 12 p.m. ET on February 7.

The SPAC currently has a completion deadline of March 30, but is seeking shareholder approval to extend it to September 30.

TKB Critical Technologies 1 (USCT) & Wejo Go Back to the 2010 SPAC Playbook

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

TKB Critical Technologies 1 (NASDAQ:USCT) has entered into a definitive agreement to combine with vehicle data tracker Wejo (NASDAQ:WEJO) at a pro-forma implied enterprise valuation of $121.7 million or 1.2x 2024E net revenue. Manchester, UK-based Wejo, which previously combined in November 2021 with Virtuouso Acquisition Corp. (a different SPAC), has developed a data analysis suite
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The Latest SPAC News and Rumors: January 10, 2023

Jan 10, 2023 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: Ex-banker eyes M&A after SPAC deal forges $60B wealth firm, Virgin Orbit stock plunges as UK launch fails, and Palihapitiya says Musk will take SpaceX’s Starlink public in 2023

Ex-Banker Eyes M&A After SPAC Deal Forges $60 Billion Wealth Firm

Michael Tiedemann turned his back on a Wall Street banking career two decades ago to build a wealth-management firm targeting the world’s super-rich.

RMG Acquisition Corporation III (RMGC) Adjourns Extension Vote

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

RMG Acquisition Corporation III (NASDAQ:RMGC) announced this morning that it adjourned its special meeting to extend its transaction deadline to 10 am ET January 11.

The SPAC’s record date remains November 22 and the ballot is to be the same, but the move may give investors more time to consider the the LOI that RMG III announced with hydrogen technology company H2B2 four days ago.

Newcourt Acquisition Corp (NCAC) to Combine with Psyence Biomed

Jan 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Newcourt (NASDAQ:NCAC) has entered into a definitive agreement to combine with psychedelic medicine company Psyence (CSE:PSYG). The Canada-listed company is developing psychedelic drug candidates to potentially treat patients in palliative care and those with severe psychological conditions. The combined company is expected to continue to trade on both the Nasdaq and the Canadian Securities Exchange
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Priveterra Acquisition Corp. (PMGM) Secures $20M Commitment for AEON Biopharma Deal

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

Priveterra Acquisition Corp. (NASDAQ:PMGM) and its biopharmaceutical target, AEON Biopharma, announced this morning that they have secured an additional $20 million in commitments from existing investors in connection to its business combination.

The SPAC brought about $276 million into the deal through its current trust but aside from today’s funding, it has not yet supplemented this with other committed sources of capital.

Roth CH IV’s (ROCG) Tigo Energy Secures $50M Convertible Note

Jan 9, 2023 Headline Post, INTEL by Marlena Haddad

Roth CH Acquisition IV Co.’s (NASDAQ:ROCG) target company, Tigo Energy, announced this afternoon that it has signed a definitive agreement with L1 Energy for $50 million of newly issued convertible notes.

The notes will bear a fixed annual interest rate of 5% with a maturity date of 36 months and may be converted at the option of the investor into shares of Tigo common stock or an equivalent equity created as a result of the company’s merger with ROCG.