Morning Roundup: November 2, 2023

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Forbion European Acquisition Corp. (FRBN) Closes enGene Deal

Forbion European Acquisition Corp. (NASDAQ:FRBN) has closed its combination with biotech firm enGene and the combined company is expected to begin trading on the Nasdaq today under the symbol “ENGN”.

Shareholders had already approved this deal at a special meeting held on October 24 and at that time, the SPAC announced that it expected to close the combination on October 31.

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Risee Entertainment and Reliance Studios Terminate International Media (IMAQ) Deal

International Media Acquisition Corp. (NASDAQ:IMAQ) announced that its former target, Risee Entertainment and Reliance Studios, has terminated its stock purchase agreement (SPA).

Pursuant to the agreement, either party had the right to terminate the deal if the closing had not occurred by the outside date, which was just six months following the announcement of the SPA.

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American Acquisition Opportunity (AMAO) Shareholders Approve Royalty Management Deal

American Acquisition Opportunity (NASDAQ:AMAO) announced this afternoon that its shareholders approved its combination with investment company Royalty Management at a special meeting held earlier today.

Of the 3,074,568 shares of common stock issued and outstanding entitled to vote at the meeting, 2,758,495 shares, or 89.72%, were present, constituting a quorum.

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SPAC IPO Terms Tracker: October 27, 2023

Terms Tracker for the Week Ending October 27, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. While IPO activity remains muted, last week’s filing activity certainly picked up.  There were three new S-1 registration statements with the most notable being the
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Feutune Light Acquisition Corporation (FLFV) to Combine with Thunder Power in $400M Deal

Feutune Light (NASDAQ:FLFV) has entered into a definitive agreement to combine with EV maker Thunder Power at a pro forma enterprise value of $400 million. Hong Kong-based Thunder Power is developing a line of four electric vehicles it hopes to debut in the US, Europe and Asia. The combined company is expected to trade on
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