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Afternoon SPAC News Roundup: March 6, 2024

SPAC round-up

Afternoon SPAC News Roundup: March 6, 2024

Mar 6, 2024 SPACs in the News by Nicholas Alan Clayton

News and Rumors PR: eVTOL maker Joby (NYSE:JOBY) has acquired a facility at Dayton International Airport in Ohio to support its initial aircraft manufacturing. It expects the site to eventually have the capacity to build 500 eVTOL aircraft annually. Joby combined with Reinvent Technology Partners in August 2021. PR: Space venture Momentus (NASDAQ:MNTS) was awarded
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SPAC round-up

Afternoon SPAC News Roundup: March 4, 2024

Mar 4, 2024 SPACs in the News by Nicholas Alan Clayton
Deals and Funding Power & Digital II (NASDAQ:XPDB) has expanded the PIPE for its combination with Montana Technologies to about $50 million in commitments led by Carrier (NYSE:CARR) and Rice Investment Group. Blue World (NASDAQ:BWAQ) has amended its combination with TOYO Solar to reflect that it has been restructured under new ownership. Entities called WAG,
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February Corporate Actions Analysis

Mar 2, 2024 Headline Post, INTEL by Anthony Sozzi
Contributions to trust are typically expected from sponsors looking to retain as much of the trust account as possible that need additional time to complete business combinations. With “time to complete” steadily increasing over the past months, redemptions from the trust account do not look to be slowing down, regardless of what SPAC teams do
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Afternoon SPAC News Roundup: March 1, 2024

Mar 1, 2024 SPACs in the News by Nicholas Alan Clayton
News and Rumors Bloomberg: Digital World (NASDAQ:DWAC) and its target Trump Media and Technology Group (TMTG) were hit by a new wave of legal headaches this week as both the founders of its Truth Social platform and Digital World CEO Patrick Orlando filed lawsuits over the deal’s closing share allocations. One of the suits has
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Altitude Acquisition Corp. (ALTU) to Combine with Vesicor Therapeutics in $70M Deal

Mar 1, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Altitude (NASDAQ:ALTU) has entered into a definitive agreement to combine with Vesicor Therapeutics for $70 million in equity consideration. San Gabriel, California-based Vesicor is developing treatments utilizing extracellular vesicles as both a therapy themselves and as a delivery system for other medicines. Transaction Overview Altitude has about $10.3 million in its current trust after seeing
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Afternoon SPAC News Roundup: February 29, 2024

Feb 29, 2024 SPACs in the News by Nicholas Alan Clayton
News and Rumors Bloomberg: Online brokerage Webull made a point to divest its crypto business ahead of announcing its SPAC deal with SK Growth (NASDAQ:SKGR), its CEO Anthony Denier said, noting that previous attempts to list via a traditional IPO stalled. “The SEC has not been friendly [to crypto], which is widely known,” he added.
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SK Growth Opportunities Corporation (SKGR) to Combine with Webull in $7.3Bn Deal

Feb 28, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
SK Growth (NASDAQ:SKGR) has entered into a definitive agreement to combine with digital investment platform Webull at an enterprise value of $7.3 billion. New York-based Webull provides an equities trading and education platform to about 20 million cumulative users. The combined company is expected to trade on the Nasdaq once the deal is completed in
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SPAC round-up

Afternoon SPAC News Roundup: February 28, 2024

Feb 28, 2024 SPACs in the News by Nicholas Alan Clayton
News and Rumors PR: Hillsinai Learning, which serves about 500,000 students across 40 schools and 5,000 partner schools, has hired iLearningEngines to build its AI learning automation platform. iLearningEngines has a pending combination with Arrowroot (NASDAQ:ARRW). SpaceNews: Virgin Galactic (NYSE:SPCE) does not expect any delays on its Galactic 07 mission to take passengers into space
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Aetherium Acquisition Corp. (GMFI) to Combine with Capital A in $1.1Bn Deal

Feb 28, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Aetherium Acquisition Corp. (NASDAQ:GMFI) has entered into a definitive agreement to combine with Capital A (KL:5099), the parent company of the AirAsia airline at an estimated transaction value of $1.15 billion. Kuala Lumpur-based Capital A owns the AirAsia regional airline as well as subsidiaries in logistics, payments and loyalty. Transaction Overview Aetherium has an estimated
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Afternoon SPAC News Roundup: February 27, 2024

Feb 27, 2024 SPACs in the News by Nicholas Alan Clayton
News and Rumors MarketWatch: Benchmark analyst Josh Sullivan said he believes the Moon landing by Inflection Point‘s Intuitive Machines (NASDAQ:LUNR) will be a catalyst for more investment in the commercial space industry, which has been cash-strapped in recent years. PR: Securities and crypto trading platform Coincheck, which has a pending combination with Thunder Bridge IV,
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