Nabors Energy Transition Corp. (NYSE:NETC) announced this afternoon that its shareholders approved its business combination with solar power producer Vast during a special meeting held on December 13.
At the meeting, there were 13,637,434 shares present, representing approximately 81.41% of the total outstanding shares of the company’s common stock.
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One of the low-flying themes of 2023 became the prevalence of the adjournment and postponement. With redemptions high and risk appetites low, every vote has been a bit of a struggle for SPAC teams this year.
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7GC & Co. Holdings Inc. (NASDAQ:VII) announced this morning that it has completed its business combination with video engagement platform Banzai. Shareholders already approved the deal at a meeting held on December 13.
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Bayview Acquisition Corp (NASDAQ: BAYAU) announced the pricing of its $60 million IPO this evening. Its units are expected to begin trading on the Nasdaq under the symbol “BAYAU” on Friday, December 15, 2023.
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Chain Bridge I (NASDAQ:CBRG) announced in an 8-K filing that it agreed to transfer control of its sponsor to Fulton AC I LLC, which will now appoint a new team.
The agreement involves the buyer acquiring 3,035,000 Class B ordinary shares and warrants to buy 7,385,000 Class A ordinary shares from the sponsor.
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Nubia Brand International Corp. (NASDAQ:NUBI) announced this afternoon that its shareholders approved its business combination with battery technology developer Honeycomb during a special meeting held earlier today.
At the meeting, there were 6,360,235 Nubia shares present, with 70.4% voting to approve the deal.
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Athena Technology II (NYSE:ATEK) has terminated its combination with Air Water Ventures, but plans to continue to seek an alternative business combination.
The transaction was well past its extended outside date of August 21, after which Air Water Ventures had the right to terminate if it appeared there was not a reasonable likelihood of Athena Technology II gathering a PIPE of at least $30 million.
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A broad range of de-SPACs benefited from the sudden swing to green yesterday as Fed Chairman Jerome Powell gave the first hint of rate cuts on the horizon.
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When Flame Acquisition Corp. (NYSE:FLME) initially announced its combination with energy company Sable Offshore in November 2022, there was quite a bit of uncertainty in the business it was putting forward.
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EF Hutton Acquisition Corp. I (NASDAQ:EFHT) announced this afternoon that it has completed its business combination with E.C.D. Auto Design. Shareholders already approved the deal at a meeting held on December 7.
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Tuesday is set to bring the last major US inflation readings before Christmas day with core CPI and other related indices being announced at 8:30 at ET.
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Vision Sensing Acquisition Corp. (NASDAQ: VSAC) announced this afternoon that it has mutually terminated its business combination with chip-maker Newsight.
The parties cited “challenging global economic conditions” as the reason for nixing the deal, without providing additional details.
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This week is set to see SPACs rush to tie up business combinations nicely in a bow before the final two weeks of the year. Eight SPACs currently have completion votes on the docket this week, while there are currently just four more booked for the rest of 2023.
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SportsMap Tech Acquisition Corp. (NASDAQ:SMAP) announced this morning that its shareholders approved its business combination with intelligent thermal imaging provider Infrared Cameras Holdings (ICI) during a special meeting on December 8.
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Mobiv Acquisition Corp. (NASDAQ:MOBV) announced this afternoon that it has closed its combination with EV motorcycle-maker SRIVARU.
Shareholders originally approved the deal at a special meeting held back on September 28, but at that time, the parties expected the transaction to take just a week to close.
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EF Hutton Acquisition Corp. I (NASDAQ:EFHT) announced this morning that its shareholders have approved its business combination with E.C.D. Auto Design.
At the meeting, there were 5,089,203 shares of common stock, representing approximately 76.82% of the issued and outstanding shares of common stock, present.
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