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The Latest SPAC News and Rumors: September 25, 2023

Sep 26, 2023 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Terran Orbital Closes 432.5 Million Public Offering

Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), which combined with Tailwind Two in March 2022, today announced the closing of its previously announced public offering of 23,214,290 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 23,214,290 shares of common stock, at a combined public offering price of $1.40 per share (or common stock equivalent in lieu thereof) and accompanying warrant.

agreements

The Latest Non-Redemption Agreements: September 25, 2023

Sep 25, 2023 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Welsbach Technology Metals Acquisition Corp. (WTMA) to Discuss Non-Redemption Agreements

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) announced in an 8-K today that it intends to discuss signing non-redemption agreements of unspecified size with investors ahead of its September 28 extension vote.

latest liquidations

The Latest Liquidations: September 25, 2023

Sep 25, 2023 INTEL by Kristi Marvin

Latest SPAC Liquidations: Iconic Sports Acquisition Corp.

Iconic Sports Acquisition Corp. (ICNC) to Liquidate on October 11, 2023

Iconic Sports Acquisition Corp. (NYSE: ICNC), today announced that its board of directors has determined to redeem all of its issued and outstanding Class A ordinary shares, effective as of October 11, 2023.

latest-news

The Latest SPAC News and Rumors: September 25, 2023

Sep 25, 2023 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Conduit’s $1.2bn Nasdaq listing deals another blow to London

A British biopharmaceuticals business has completed a deal to list on Nasdaq, delivering a further blow to the London Stock Exchange which has struggled to persuade fast-growing companies to float in the UK.

Mercato Partners Acquisition Corporation (MPRA) Adds $11M PIPE to Nuvini Deal

Sep 25, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Mercato Partners (NASDAQ:MPRA) announced in an 8-K this morning that it has added an $11.1 million PIPE at $10 per share to its combination with Brazilian software firm Nuvini.

The PIPE investors remain unnamed for now, but this move would cover the combination’s $10 million minimum cash condition.

SPAC-Terms-Tracker

SPAC IPO Terms Tracker: September 22, 2023

Sep 23, 2023 Headline Post, INTEL by Kristi Marvin

Terms Tracker for the Week Ending September 22, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs finally saw two new S-1 filings this week, the first to file since August 24th. Hainan Sirius Acquisition Corp. filed first on Thursday and
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latest liquidations

The Latest Liquidations: September 22, 2023

Sep 22, 2023 INTEL by Kristi Marvin

Latest SPAC Liquidations: LF Capital Acquisition Corp. II

LF Capital Acquisition Corp. II (LFAC) to Liquidate on October 3, 2023

LF Capital Acquisition Corp. II (Nasdaq: LFAC), today announced that the directors of the Company have determined to dissolve and liquidate the Company.

agreements

The Latest Non-Redemption Agreements: September 22, 2023

Sep 22, 2023 Deal Announcements & Amendments, INTEL by Kristi Marvin

Latest Non-Redemption Agreements: Yotta Acquisition Corp.,Live Oak Crestview Climate Acquisition Corp.

Yotta Acquisition Corp. (YOTA) Adds Non-Redemption Agreements

Yotta Acquisition Corp. (NASDAQ:YOTA) entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 598,680 shares of the Company’s common stock.

Twin Ridge Capital Acquisition Corp. (TRCA) Intends to Adjourn Vote to October 3rd

Sep 22, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Kristi Marvin

Twin Ridge (NYSE:TRCA) announced this afternoon that it plans to convene and then adjourn its extraordinary general meeting of its shareholders originally to be held on September 26 at 11:30 a.m.,

terminated

Social Leverage Acquisition Corp I (SLAC) and W3BCLOUD Mutually Terminate Deal

Sep 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Kristi Marvin

Social Leverage Acquisition Corp I (Nasdaq: SLAC) and W3BCLOUD Holdings Inc. announced this afternoon that they have mutually agreed to terminate their business combination agreement.

The reasons cited were once again “due to existing market conditions”, which most likely implies the current capital market conditions as well as the fact that W3BCLOUD works within the blockchain sector.

new-spac

New SPAC: Hainan Sirius Acquisition Corp. Files for $60M IPO

Sep 22, 2023 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

Hainan Sirius Acquisition Corp. (NASDAQ:HSAC) filed an S-1 this week to become September’s first new SPAC and the 20th overall to file in 2023. The SPAC aims to combine with a company operating in a sizable market with cutting edge disruptive technology that is scalable with near-term cashflow in sight. That is fairly broad and
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Graf Acquisition Corp. IV (GFOR) Adds FPA to NKGen Biotech Deal

Sep 22, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that it has come to a forward purchase agreement (FPA) with Meteora Capital Partners involving up to 2,500,000 shares for its combination with NKGen Biotech.

latest-news

The Latest SPAC News and Rumors: September 22, 2023

Sep 22, 2023 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Heard on the Street: VinFast’s SPAC Backers Are Backing Out

Even by the standards of electric-vehicle startups, the $40 billion market value of Vietnamese electric-vehicle startup VinFast is wild, following its combination with Black Spade last month.

Murphy Canyon Acquisition Corp. (MURF) Closes Conduit Deal

Sep 22, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Murphy Canyon (NASDAQ:MURF) announced this morning that it has closed its combination with Conduit Pharmaceuticals and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “CDT” and “CDTTW” on September 25.

Thunder bridge ii

Indie Semiconductor (INDI) Commences Warrant Exchange Offer

Sep 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Indie Semiconductor (NASDAQ:INDI), which merged with Thunder Bridge II in June 2021, announced this morning that it has launched an exchange offer to convert each outstanding warrant to 0.285 Class A shares in the company.

Atlantic Coastal Acquisition Corp. II (ACAB) to Combine with Abpro in $725M Deal

Sep 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Atlantic Coastal II (NASDAQ:ACAB) signed a term sheet to enter into a definitive business combination with drug developer Abpro at a valuation of $725 million.

Woburn, Massachusetts-based Abpro is advancing a series of drug candidates to potentially treat COVID, cancer and diabetic blindness.

Graf Acquisition Corp. IV (GFOR) Adjourns NKGen Completion Vote for Fourth Time

Sep 22, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Kristi Marvin

Graf Acquisition Corp. IV (NYSE:GFOR) announced that it adjourned Wednesday’s completion vote for its combination with NKGen Biotech without conducting any business and will reopen proceedings at 4:00 p.m., Eastern time, on September 25, 2023

Once again, the adjournment is being done to provide additional time to continue its efforts to obtain additional financing.

GigCapital5 (GIA) Drops Lawsuit against QT Imaging

Sep 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

GigCapital5 (NYSE:GIA) announced in an 8-K that it will drop its lawsuit against its merger target QT Imaging and the two sides will continue working toward close under a slightly amended business combination agreement.

Twin Ridge Capital Acquisition Corp. (TRCA) Adds $110M to Carbon Revolution Deal

Sep 22, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Twin Ridge (NYSE:TRCA) announced this morning that it has added a $110 million structured equity facility to its combination with automotive wheel manufacturer Carbon Revolution (ASX:CBR) among other deal tweaks.

Orion Infrastructure Capital (OIC) has agreed to provide the funds in tranches in exchange for Class A shares and a single warrant that would entitle OIC to be issued shares equal to between 17.5% and 19.99% of the combined company’s outstanding equity.

latest liquidations

The Latest Liquidations: September 21, 2023

Sep 21, 2023 INTEL by Kristi Marvin

Latest SPAC Liquidations: 26 Capital Acquisition Corp.

26 Capital Acquisition Corp.(ADER) to Liquidate on September 21, 2023

26 Capital Acquisition Corp. (Nasdaq: ADER), today announced that it will be unable to complete an initial business combination within the time period required due to the Delaware Court of Chancery’s decision denying 26 Capital’s request for an order of specific performance in an action commenced in February 2022 against certain of the parties (the “UEC Parties”) to the Merger and Share Acquisition Agreement.

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