On August 23, the NYSE notified African Gold Acquisition Corporation (NYSE:AGAC) that it had determined to commence proceedings to delist from the exchange due to the company’s inability to file its quarterly and annual reports.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
After going public in 2021, Irving-based IT services company AgileThought Inc. (NASDAQ:
Viveon Health (NYSE:VHAQ) announced this morning that it has amended its combination with Clearday to double the equity consideration the target will receive to $500 million from $250 million.
This does not include options, warrants and the 5,000,000 shares Clearday shareholders may receive through an earnout if it achieves profitability over a 12-month period within five years of close.
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First Light Acquisition Group, Inc. (NYSE:FLAG) announced in an 8-K this morning that it has both secured shareholder approval for its combination with Calidi Therapeutics and entered into a forward purchase agreement (FPA) covering up to 340,000 shares to support it.
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On August 25, Northern Star III Sponsor LLC, the sponsor of Northern Star Investment Corp.
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Athena Consumer Acquisition Corp. (NYSE: ACAQ) announced this afternoon that it has amended its business combination with EV-maker e.GO, marking the fourth amendment to the deal.
The modifications, implemented on August 25, involve revising both the warrant exchange and the earn-out agreement.
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The Growth for Good Acquisition Corporation (NASDAQ: GFGD) announced in a press release today that it convened and then adjourned, without conducting any other business, its special meeting to August 30 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.
Hostess Brands Inc (NASDAQ:TWNK), the maker of Twinkies snack cakes, is exploring a sale after fielding takeover interest from major snack food makers, people familiar with the matter said on Friday.
Fifth Wall III (NASDAQ:FWAC) announced today that it has closed its combination with parking asset owner Mobile Infrastructure, and the combined company’s stock began trading on the NYSE American under the symbol “BEEP” today.
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CF VIII (NASDAQ:CFFE) announced in an 8-K this morning that its shareholders voted to approve its combination with B2B software firm Exela at a special meeting August 24.
The SPAC has not yet shared its redemption figures from the vote, but had already dispersed about 94.2% of its trust through earlier extension votes.
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Denali Capital (NASDAQ:DECA) announced in an 8-K that it has added $18 million in equity funding to its combination with biotech firm Longevity through the sale of newly issued series A preferred shares.
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On August 25, Fusion Acquisition Corp. II (NYSE:FSNB) and Fusion Sponsor II LLC entered into a non-redemption agreement with an unaffiliated third-party investor, pursuant to which the investor has agreed not to redeem, or to reverse and revoke any prior redemption election with respect to 220,000 shares of Class A common stock.
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Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNA) announced this afternoon that shareholders have approved its combination with insuretech firm Roadzen at a special meeting held earlier today.
The deal was overwhelmingly approved as holders of 13,803,373 shares voted in favor of the transaction while holders of 2,821,787 shares voted against it.
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FG Merger Corp. (NASDAQ:FGMC) announced this afternoon that it has completed its combination with healthcare workflow platform iCoreConnect after shareholders approved the deal on August 18.
In connection with the vote last week, 6,292,008 shares were redeemed, leaving FG Merger Corp.
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Mission Control Acquisition Corp. (NYSE: MISN) submitted its S-1 filing for a $100 million IPO yesterday afternoon, becoming the second SPAC to file in August and the 19th overall to file in 2023, thus far.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Shares in Better Home & Finance Holding (NASDAQ:BETR) clawed back some lost ground in early trading on Friday, after the online mortgage lender plunged in a dismal debut a day earlier following a merger with a blank-check company.
Allego N.V. (NYSE: ALLG), which merged with Spartan Acquisition Corp. III in March 2022, announced this morning that it has commenced a warrant exchange offer (NYSE:ALLG.WS) and consent solicitation to purchase ordinary shares.
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Vahanna Tech I (NASDAQ:VHNA) announced in an 8-K this morning that it has signed a forward purchase agreement with Meteora Capital Partners and affiliates covering up to 5,000,000 shares or 9.9% of Vahanna’s total public float at close.
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Prime Number I (NASDAQ:PNAC) announced this morning that it expects to close its combination with EV battery-maker Noco-Noco later today.
The combined company’s shares and warrants are expected to begin trading on the Nasdaq under the symbols “NCNC” and “NCNCW” beginning August 28.
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