Breeze Holdings Acquisition Corp. (NASDAQ:BREZ) announced late this afternoon that it has mutually terminated its combination with space logistics firm D-Orbit.
Tellingly, Breeze and D-Orbit cited market conditions as the reason for termination, which has become a common refrain for the SPAC market.
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Edoc Acquisition Corp. (NASDAQ:ADOC) announced this afternoon that it has mutually terminated its combination with biotechnology firm Calidi Biotherapeutics, Inc.
This morning, Edoc filed an 8-K notifying shareholders that it had postponed its scheduled extension vote from 10AM to 8PM this evening.
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East Stone Acquisition Corp. (NASDAQ:ESCC) has tacked on yet another $200 million to its PIPE for its combination with EV-maker ICONIQ, bringing the total PIPE now to $600 million.
As background, East Stone brought an estimated $33.5 million into the deal from its current trust and originally supplemented this with a $200 million PIPE at $10.26 per share from an unnamed investor.
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Broadscale Acquisition Corp. (NASDAQ:SCLE) announced this afternoon that it has mutually terminated its combination with software engineering platform Voltus.
On Monday, August 8, Voltus informed Broadscale that it would be unable to complete all actions necessary in order for its registration statements to be effective prior to its agreement end date.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The small-satellite launcher has already proven its business model and will benefit from a post-Ukraine increase in military spending.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies green energy beneficiaries of the Inflation Reduction Act. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Digital Health (NASDAQ:DHAC) announced this afternoon that it has entered into a PIPE Securities Purchase Agreement, a registration rights agreement, and a lock-up agreement in connection to its proposed merger with telehealth software firm VSee and digital healthcare provider iDoc.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The days of a Jetsons-like society zipping around in flying cars are still a long, long way away, but United Airlines is making a $10 million bet on flying cars.
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Pono Capital (NASDAQ:PONO) announced this afternoon that it has mutually terminated its combination with cannabinoid drug developer Benuvia.
While today’s press release did not provide much detail, Pono Capital intends to continue its search for a target for its business combination and extended its transaction timeline today by three months.
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Hainan Manaslu Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HMACU” Thursday, August 11, 2022.
The new SPAC aims to focus on targets with high growth potential in the post COVID-19 market including companies targeting vast consumer segments, platform based businesses, and products targeting the younger generation of consumers.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
This week, we speak with Dr. Denis Phares, CEO of Dragonfly Energy and Jonas Grossman, CEO and President of Chardan NexTech Acquisition 2 Corp. (Nasdaq: CNTQ). The two announced a $501 million combination agreement in May.
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Equity Distribution Acquisition Corp. (NYSE:EQD.U) announced this afternoon that it will not complete a business combination and will instead redeem all shares.
The SPAC anticipates that the public shares will cease trading as of the close of business on September 16, 2022, and will redeem all of its outstanding shares effective as of the close of business on September 19.
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Embrace Change Acquisition Corp. priced its $65 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EMCGU” Wednesday, August 10, 2022.
The new SPAC intends to identify companies in the technology, internet, and consumer sectors that have a mature and adaptable management team.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
D-Orbit, a space logistics company, announced today the signing of a multiple launch and deployment contract with Astrocast, a leading Swiss IoT-focused nanosatellite company.
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Mudrick II (NASDAQ:MUDS) announced this morning that it has terminated its combination with online jewelry retailer Blue Nile.
The termination comes just weeks after the $683 million deal announcement, which was originally announced on June 13, and Blue Nile will now be subject to pay a hefty termination fee of up to $10 million, equal to Mudrick II’s expenses.
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