On August 18, Cascadia Acquisition Corp.(NASDAQ:CCAI), received a written notice from the Nasdaq notifying the company that it was not in compliance with its listing rules as it had failed to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.
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Fusion Acquisition Corp. II (NYSE: FSNB) announced in a press release today that it intends to adjourn its special meeting, scheduled for August 30, and will reconvene at 11:00 a.m., ET, on September 1.
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Enphys Acquisition Corp. (NYSE:NFYS) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a leading and well-established advanced biofuels company in Latin America for undisclosed terms.
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First Light Acquisition Group, Inc. (NYSE: FLAG) announced in a press release today that it will once again be adjourning its completion vote with clinical-stage drug developer Calidi Biotherapeutics.
The SPAC originally intended to hold the special meeting on August 22 before pushing it back to August 24.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Arena Investors has entered into an agreement with Australian Oilseeds, a holding company whose subsidiaries have engaged for more than 20 years in the business of processing, manufacturing and selling of non-GMO oilseeds, and EDOC Acquisition Corp.
SEP (NASDAQ:SEPA) has entered into a definitive agreement to combine with wound care firm SANUWAVE (OTC:SNWV) at an enterprise value of $127.5 million, or 7.6x its 2022 revenue.
Eden Prairie, Minnesota-based SANUWAVE has commercialized its FDA-approved UltraMist medical device, which accelerates healing and reduces inflammation by delivering a pain-free mist of medicines to the effected area.
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Clean Energy Special Situations Corp. (NASDAQ:SWSS) announced in an 8-K this morning that it will postpone its extension vote from today to 11 am ET August 28.
It also provided an update on its trust value in the filing, noting that after accounting for taxes it has about $10.18 per share in trust, rather than the $10.36 cited in its last proxy.
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FG Merger Corp. (NASDAQ:FGMC) announced in an 8-K that its shareholders approved its combination with healthcare workflow platform iCoreConnect at a shareholder meeting held on August 18.
There were 8,591,337 shares of FGMC’s common stock present at last week’s special meeting, representing 84.58% of the total outstanding shares, constituting a quorum.
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On August 22, and August 23, Northern Star IV’s (NYSE:NSTD) sponsor, entered into agreements with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 1,400,000 shares.
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Waverley Capital Acquisition Corp. 1 (NYSE:WAVC) today announced that it will redeem all of its outstanding Class A ordinary shares, effective as of September 8, because the company will not consummate an initial business combination within the time period required.
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Spree Acquisition Corp. 1 Limited (NYSE:SHAP) announced this afternoon that it has mutually terminated its combination with taxi fleet operator zTrip, effective immediately.
The parties expressed that they decided to part ways due to challenging market conditions, concluding that pursuing the deal would not be the most effective route to fulfill zTrip’s long-term strategic goals.
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Dune Acquisition Corporation (NASDAQ:DUNE) announced in an 8-K this afternoon that it has re-worked its combination with sustainable energy firm Global Hydrogen.
The parties amended the purchase agreement yesterday, pursuant to which the aggregate share consideration to be paid to the sellers was reduced from $57.5 million to $48 million.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
InterPrivate III Financial Partners Inc. (NYSE:IPVF) announced this afternoon that it has terminated its combination with ESG-focused financial services firm Aspiration, effective August 29.
The SPAC did not disclose further information as to why the parties nixed the deal.
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First Light Acquisition Group, Inc. (NYSE: FLAG) announced that it convened and then adjourned, without conducting any other business, its completion vote to August 24, at 10:30 a.m. ET.
Shareholders are to vote on a proposal to approve the SPAC’s $335 million business combination with clinical-stage drug developer Calidi Biotherapeutics.
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FTAC Zeus Acquisition Corp. (NASDAQ:ZING) today announced its decision to cancel its special meeting scheduled for Monday, August 21.
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Ross Acquisition Corp II (NYSE:ROSS) announced this afternoon that it has mutually terminated its combination with drug developer APRINOIA, effective immediately.
The parties did not disclose why they decided to nix the deal and did not provide further details.
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Finnovate (NASDAQ:FNVT) has entered into a definitive agreement to combine with sustainable heavy truck manufacturer Scage at post-money valuation of $1 billion.
Nanjing, China-based Scage is developing a line of hybrid heavy trucks for use in the mining and road freight sectors.
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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), the office-sharing company once valued at $47 billion, said Friday it will undergo a 1-for-40 reverse stock split to try and keep its stock from being delisted.