Black Spade (NYSE:BSAQ) announced this morning that its shareholders approved its $27 billion combination with EV-maker VinFast at a special meeting earlier today.
The deal is expected to close on August 14, after which its shares and warrants are expected to begin trading on the Nasdaq under the symbols “VFS” and “VFSWW” on August 15.
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Blue World Acquisition Corporation (NASDAQ: BWAQ) has entered into a definitive agreement to combine with solar solution company Vietnam Sunergy Cell (“TOYO Solar”).
Tokyo, Japan-based TOYO is a solar module solutions provider focusing on solar photovoltaic products in Southeast Asia.
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10X Capital III (NASDAQ:VCXB) has entered into a definitive agreement to combine with clinical-stage biotech firm Addimmune at a pre-money enterprise value of $500 million.
Rockville, Maryland-based Addimmune is a division of American Gene Technologies International that is focused on developing a functional cure for HIV.
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Mobiv Acquisition Corp. (NASDAQ:MOBV) announced that it has added a pool of 2,500,000 bonus shares that would be distributed to its non-redeeming shareholders at the close of its combination with SRIVARU.
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Digital World Acquisition Corp. (NASDAQ:DWAC) filed an update containing several amendments to its deal with Trump Media & Technology Group that set up a roadmap of obligations for both sides to complete this long-running saga.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
WeWork (NYSE:WE) warned of a possible bankruptcy in a stunning reversal of fortune for the shared workspace provider that four years ago was one of the world’s most prized startups with a valuation of $47 billion.
Maquia (NASDAQ:MAQC) has entered into a definitive agreement to combine with technology firm Immersed, valued at $150 million.
Austin, Texas-based Immersed provides enterprise AR/VR tools via a headset aiming to improve individual worker productivity and group collaboration.
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Tigo Energy, Inc. (Nasdaq: TYGO), which completed its combination with Roth CH Acquisition IV in May, announced this morning that it will be redeeming its outstanding public and private warrants for a redemption price of $0.01 per warrant.
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MedTech Acquisition Corporation (NASDAQ:MTAC) announced in an 8-K this morning that its shareholders approved its combination with drug developer TriSalus Life Sciences at a special meeting yesterday.
A further 890,499 shares were redeemed in the vote, which would reduce the SPAC’s trust by $9.4 million, leaving about $2.6 million remaining.
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Renewable energy sources have long been pressed on the fact that most can only supply power for certain portions of the day. But, what if you could combine multiple renewable technologies into a refinery that had round-the-clock output?
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On August 7, Healthcare AI Acquisition Corp. (NASDAQ:HAIA) and its sponsor, Atticus Ale, entered into a non-redemption agreement with one or more unaffiliated third parties in exchange for such third parties agreeing not to redeem their ordinary shares.
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On August 8, Golden Falcon (NYSE:GFX) mutually terminated its business combination with freight aviation company MNG Airlines.
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FG Merger Corp. (Nasdaq: FGMC) announced this afternoon that it plans to adjourn its August 11 special meeting to vote on its business combination with healthcare workflow platform iCoreConnect.
The meeting will reconvene on August 18, at 10:00 a.m.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Oxbridge (NASDAQ: OXAC) announced this morning that its shareholders approved its combination with Jet Token at a special meeting yesterday.
Jet Token, which is to do business as Jet.AI, is expected to see its shares and warrants trade on the Nasdaq under the symbols “JTAI” and “JTAIW” once the transaction is closed.
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Artemis Strategic Investment Corporation (NASDAQ:ARTE) has entered into a definitive agreement to combine with Danam Health at a pro forma enterprise value of $200 million.
Lutz, Florida-based Danam operates a technology division with a proprietary digital health and medication adherence platform along with a pharmaceutical wholesale division that serves all 50 states.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Nikola (NASDAQ: NKLA) said Michael Lohscheller had stepped down as president and CEO effective immediately and would leave the board on August 31.
7GC & Co. Holdings Inc. (NASDAQ: VII) announced this afternoon that it has made multiple amendments to its business combination agreement with video engagement platform Banzai.
As part of the changes, the requirement to close Banzai’s acquisition of ad-tracking firm Hyros is no longer a prerequisite for finalizing the merger.
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Oxbridge (NASDAQ: OXAC) announced in an 8-K this morning that it has signed a forward purchase agreement with Meteora Capital Partners and affiliates, who will purchase up to 1,186,952 shares.
These are to be newly issued shares as redemptions have reduced Oxbridge’s trust to $526,866 across 42,737 shares as of August 7.
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