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First Light Acquisition Group (FLAG) to Combine with Calidi Biotherapeutics, Inc. in $335M Deal

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First Light Acquisition Group (FLAG) to Combine with Calidi Biotherapeutics, Inc. in $335M Deal

Jan 9, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
First Light (FLAG) has entered into a definitive agreement to combine with Calidi Biotherapeutics at an enterprise value of $335 million. La Jolla, California-based Calidi Biotherapeutics is a clinical-stage immuno-oncology company with proprietary technology that delivers oncolytic viruses for targeted therapy against difficult-to-treat cancers. The combined company is expected to trade on the NYSE American
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The Latest SPAC News and Rumors: January 9, 2023

Jan 9, 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: Saxo Bank eyes Copenhagen listing after failed SPAC merger, and SPACs win small respite under IRS stock-buyback tax guidance

Saxo Bank eyes Copenhagen listing after failed SPAC merger

Saxo Bank could give its external investors a new chance to cash in, including via an initial public offering, as early as this year, CEO Kim Fournais told Reuters, after plans to merge with Disruptive Capital AC, a blank-check company, collapsed last month.

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The Latest SPAC News and Rumors: January 6, 2023

Jan 6, 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: Boxed mulls potential sale, Thailand’s PTT relaunches discussions to buy ReNew Power’s solar assets, and ECARX and smart unveil immersive digital cockpit computing platform

E-tailer Boxed mulls potential sale

Strapped for financing, online bulk-products retailer Boxed Inc.

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StoneBridge Acquisition Corp (APAC) to Combine with DigiAsia in $500M Deal

Jan 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
StoneBridge Acquisition Corporation (APAC) has entered into a definitive agreement to combine with fintech firm DigiAsia at a pre-money equity valuation of $500 million. Jakarta-based DigiAsia provides fintech services including credit cards in Southeast Asia and is currently branching into lending and other channels. The combined company is expected to trade on the Nasdaq under
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FG Merger Corp. (FGMC) to Combine with iCoreConnect in $98M Deal

Jan 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad
FG Merger Corp. (Nasdaq: FGMC) has entered into a definitive agreement to combine with healthcare workflow platform iCoreConnect at an enterprise value of $98 million. Ocoee, Florida-based iCore Connect is a cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform of applications and services. The combined company
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Broad Capital Acquisition Corp (BRAC) Postpones Extension Vote to Jan. 13

Jan 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Broad Capital Acquisition Corp. (NASDAQ:BRAC) announced this morning that it is bumping its shareholder vote from January 9 to 10:30 am ET, January 10.

The special meeting will seek approval for the SPAC to extend its transaction deadline from January 13 to October 13 in exchange for a $0.0625 per share monthly contribution to the trust over this period.

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Fortune Rise Acquisition Corp. (FRLA) Signs LOI with Water On Demand

Jan 5, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Fortune Rise Acquisition Corp. (NASDAQ: FRLA) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with water fintech startup, Water On Demand (WODI).

Today’s LOI comes just a week after Fortune Rise announced that its sponsor had entered into and closed a membership interest purchase and transfer agreement with the water fintech company pursuant to which WODI purchased 100% of the membership interest of the sponsor.

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SPAC Lock-Up Expirations to Watch in January 2023

Jan 5, 2023 INTEL by Nicholas Alan Clayton
After one of the sparser months in lock-up expirations in December (that was nonetheless plenty dense in other SPAC activity), January brings 15 sponsors and 11 companies newly unlocked to trade their shares. Several of these de-SPACs could be considered to be running essentially even with the market in terms of their price performance through
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The Latest SPAC News and Rumors: January 5, 2023

Jan 5, 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: Newsight Imaging partners with First International Computer, D-Wave and Davidson Technologies enter multi-year reseller agreement, and Alliance Entertainment automates warehouse 

Newsight Imaging and First International Computer Announce Partnership for LiDAR solution for Automotive Safety

Newsight Imaging Ltd.

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Alpha Healthcare III (ALPA) to Combine with Carmell Therapeutics in $188M Deal

Jan 5, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Alpha Healthcare Acquisition Corp. III (NASDAQ:ALPA) has entered into a definitive agreement to combine with drug developer Carmell at an enterprise value of $188.4 million. Pittsburgh-based Carmell is developing a treatment platform to accelerate healing in bone fractures and soft tissue wounds. The combined company is expected to trade on the Nasdaq under the symbol
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Mount Rainier Acquisition Corp. (RNER) Shareholders Approve HUB Cyber Security Deal

Jan 4, 2023 Headline Post, INTEL by Marlena Haddad

Mount Rainier Acquisition Corp. (NASDAQ:RNER) announced this afternoon that its shareholders approved its combination with confidential computing developer HUB Cyber Security Israel at a special meeting held earlier today.

The meeting was originally scheduled for December 30 before getting pushed to today to give shareholders additional time to consider reversing redemption requests. RNER’s

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Model Performance Acquisition Corp. (MPAC) Completes MultiMetaVerse Deal

Jan 4, 2023 Headline Post, INTEL by Marlena Haddad

Model Performance Acquisition Corp.  (NASDAQ:MPAC) announced this afternoon that it has completed its business combination with MultiMetaVerse.

MultiMetaVerse Inc., an animation and entertainment company devoted to establishing an open community for its global users and to providing high-quality and immersive entertainment experiences is expected to begin trading tomorrow, January 5, on the Nasdaq Global Market under the ticker symbol “MMV”. 

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