FG Merger Corp. (NASDAQ:FGMC) announced in an 8-K this afternoon that it has signed a prepaid forward purchase agreement (FPA) with RiverNorth SPAC Arbitrage Fund in connection to its combination with iCoreConnect.
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Black Spade (NYSE:BSAQ) announced that it has closed its combination with Vietnamese EV-maker VinFast and the combined company’s shares and warrants will begin trading under the symbols “VFS” and “VFSWW” tomorrow, August 15.
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AlphaVest Acquisition Corp (NASDAQ: ATMV) has entered into a definitive agreement to combine with peer-to-peer ride-hailing marketplace Wanshun Technology Industrial Group Limited.
Shenzhen, China-based Wanshun engages primarily in a peer-to-peer marketplace for on-demand ride hailing services with around 5.8 million registered drivers.
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Landcadia IV (NASDAQ:LGA) noted in a preliminary 14A filing today that it would be putting forward a proposal at an upcoming shareholder vote to buy back all outstanding warrants for undisclosed cash compensation.
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Prime Number I (NASDAQ:PNAC) announced in an 8-K this morning that it has signed a forward purchase agreement (FPA) with Meteora Capital Partners affiliates covering up to 2,000,000 shares.
Meteora is to buy up to this amount of shares and will be issued 2,000,000 shares less any amounts it purchases.
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Oak Woods (NASDAQ:OAKU) announced in an 8-K this morning that it has entered into a definitive agreement to combine with Huajin at a valuation of $250 million.
Oak Woods has about $58.5 million in its trust with a transaction deadline coming up on September 28.
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Apeiron Capital Investment Corp. (OTCMKTS:APNC) announced today that it has notified GIO World Health, Ltd.
Insight Acquisition Corp. (NASDAQ:INAQ) announced this afternoon that it has mutually terminated its combination with oil and gas producer Avila (CSE:VIK), effective immediately.
The parties noted that they have nixed the deal as a result of challenging conditions in the SPAC market.
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Aurora Acquisition Corp. (NASDAQ: AURC) announced this afternoon that its shareholders approved its combination with proptech firm Better at a special meeting earlier today.
Aurora’s sponsor, directors and executive officers own 97.7% of the issued and outstanding ordinary shares, including 100% of the issued and outstanding Class B ordinary shares, and committed to vote in favor of the deal.
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Swiftmerge (NASDAQ:IVCP) has entered into a definitive agreement to combine with commercial-stage biotech firm HDL Therapeutics at a $480 million valuation.
Vero Beach, Florida-based HDL has developed a medical device designed to remove plaques from patients’ coronary arteries and has been approved for some high-risk patients.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Cano Health (NYSE:CANO) said on Thursday there is substantial doubt about the company’s ability to continue as a going concern this year, sending its shares down about 48% after the bell.
Mountain & Co. I (NASDAQ:MCAA) has entered into a definitive agreement to combine with sports media platform Barça Media at a pro forma enterprise value of $973 million.
Barcelona-based Barça Media is the media wing of the FC Barcelona soccer club, which aims to have a presence in subscription programming, esports and other digital content.
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Oxbridge Acquisition Corp. (NASDAQ: OXAC) announced this afternoon that it has completed its combination with private aviation booking and membership platform Jet.AI, formerly known as Jet Token.
The deal was originally approved by shareholders at a special meeting held on August 7, but post-closing, Jet.AI,
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MedTech Acquisition Corporation (NASDAQ:MTAC) announced this afternoon that it has completed its business combination with drug developer TriSalus Life Sciences.
The deal was initially approved by shareholders at a special meeting held on August 8. A
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Fifth Wall Acquisition Corp. III (NASDAQ:FWAC) announced in an 8-K this afternoon that its shareholders approved its combination with parking asset owner Mobile Infrastructure at a special meeting today.
The deal was overwhelmingly approved as holders of 8,132,369 shares voted in favor of the transaction, while holders of just 55,221 shares voted against it.
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AxonPrime Infrastructure Acquisition Corporation (NASDAQ:APMI) today announced that it will not be able to consummate an initial business combination by August 17.
Broad Capital Acquisition Corp. (NASDAQ:BRAC) announced this afternoon that it has entered into an amendment to its merger agreement to combine with fintech target Openmarkets.
On August 4, the parties amended the business combination agreement to decrease the number of purchase shares to be issued to the seller, BMYG OMG Pty Ltd, as consideration at closing from 9,000,000 to 7,000,000 due to an updated valuation of Openmarkets.
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Moringa Acquisition Corp. (NASDAQ:MACA) announced this afternoon that travel booking platform Holisto has terminated its business combination with the SPAC.
On August 7, Moringa received a notice from the Israeli travel company stating it will be terminating the deal pursuant to Section 7.1 of the business combination agreement, which allows the target or the SPAC to nix the deal if it is not completed by January 1, 2023. However,
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Virgin Galactic Holdings Inc.