Morning Roundup: November 8, 2023

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Data Knights Acquisition Corp. (DKDCA) Completes OneMedNet Deal

Data Knights Acquisition Corp. (NASDAQ:DKDCA) announced this afternoon that it has completed its business combination with medical image archiver OneMedNet.

The business combination was previously approved by Data Knights’ stockholders at a special meeting held on October 17, but at that time, the SPAC did not provide a timeline regarding the closing of the deal.

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Worldwide Webb Acquisition Corp. (WWAC) Completes Aeries Technology Deal

Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) announced this morning that as anticipated, it completed its business combination with Aeries Technology on November 6.

Shareholders already approved the deal at a meeting held on November 2, and saw 92.47% of its trust redeemed, leaving the SPAC with an estimated $18.5 million post-vote.

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Morning Roundup: November 7, 2023

At the SPAC of Dawn

Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.

AST SpaceMobile (NASDAQ:ASTS) is set to provide a business update and preliminary third quarter financials a week from today on November 14, and it may be a call worth tuning into as the space business continues to shake out for better and worse.

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Starton Therapeutics Terminates Healthwell Acquisition Corp. I (HWEL) Deal

Healthwell Acquisition Corp. I (Nasdaq: HWEL) announced on Friday evening that its former target Starton has terminated its business combination.

Although the parties did not provide extensive detail regarding the termination, they clarified that the deal fell through due to certain closing conditions not being satisfied by the outside date of November 3.

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After WeWork, Could Office-to-Residential Conversions Revive PropTech SPACs?

With what appears to be the impending bankruptcy of WeWork (NYSE:WE), it is beginning to feel like the end of an era, if not several eras.

Much of the focus has been the transition from WeWork’s eye-watering zenith at a $46 billion valuation and ambitions of irreversibly changing the world the way titans like Microsoft (NASDAQ:MSFT) or Google (NASDAQ:GOOG) did.

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Worldwide Webb Acquisition Corp. (WWAC) Shareholders Approve Aeries Technology Deal

Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) announced this afternoon that its shareholders approved its combination with consultancy firm Aeries Technology at a special meeting held earlier today.

Approximately 99.87% of the votes cast at the meeting on the business combination proposal, representing approximately 81.71% of WWAC’s outstanding shares, voted to approve the deal.

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October Corporate Actions Analysis

In this monthly analysis, we’ll be exploring SPAC extension votes in October 2023 and parsing the results to identify any trends.  We’ll look at the choices made by 19 SPACs regarding trust contributions, highlighting varying strategies, from fixed per-share amounts to fixed-dollar contributions per month. We’ll also dig into the relationship between extension lengths proposed
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