Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) announced in an 8-K this afternoon that it has entered into a forward purchase agreement (FPA) with Meteora Special Opportunity Fund I, Meteora Capital Partners, Meteora Select Trading Opportunities Master, and Meteora Strategic Capital for an OTC equity prepaid forward transaction.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A press release yesterday announced that ROTH MKM managed to scoop up Gil Ottensoser and Anthony Mazzurco, both of which are SPAC veterans and both having previously worked at BTIG.
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byNordic Acquisition Corporation (NASDAQ:BYNO) announced this morning that it plans to adjourn its August 8 extension vote without conducting any business.
Shareholders will reconvene at 10 am ET August 10 and the change also pushes the SPAC’s deadline for redemption decisions to 5 pm ET August 8.
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On August 3, HH&L Investment Co., the sponsor of HH&L Acquisition Co. (NYSE:HHLA), and the company, entered into an agreement with unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 500,000 shares of Class A ordinary shares at the general meeting.
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Hainan Manaslu Acquisition Corp. (NASDAQ:HMAC) announced in an 8-K this afternoon that its shareholders approved its combination with brand management company Able View at a special meeting held on August 2.
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Flame (NYSE:FLME) disclosed in an 8-K this afternoon that it has secured additional funding for its PIPE in connection to its merger with energy company Sable Offshore, bringing the total commitments to $74.5 million from $71.5 million.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed.
HHG Capital (NASDAQ:HHGC) has entered into a definitive agreement to combine with commodities trader Perfect Hexagon.
Malaysia-based Perfect Hexagon provides commodity trading and financing services with a focus on base and precious metals.
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Oxbridge Acquisition Corp. (NASDAQ: OXAC) announced this afternoon that its special meeting, originally scheduled for August 4, has been postponed to 4:00 p.m. ET on August 7.
As a result of this change, the SPAC has extended the redemption deadline to 5:00 p.m.
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On August 1, Quantum FinTech Acquisition Corporation (NYSE:QFTA) and its sponsored entered into a non-redemption agreement with Funicular Funds, LP in exchange for the holder agreeing either not to request redemption in connection with the extension with respect to an aggregate of 2,351,800 shares of common stock.
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Latest SPAC Liquidations: AfterNext HealthTech
On August 2, AfterNext HealthTech Acquisition Corp. (NYSE:AFTR) announced that it intends to cease all operations except for the purpose of winding up, effective as of the close of business on August 16, and will redeem all of the outstanding Class A ordinary shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds and not previously released to the company to pay its taxes, divided by the number of the shares in issue.
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Pivotal Investment Corp. III (OTC: PICC) announced this afternoon that it has postponed its extension vote.
The meeting, originally scheduled for today, has been adjourned to August 11 at 11:00 a.m.
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MedTech Acquisition Corporation (Nasdaq: MTAC) announced this afternoon that it convened and then adjourned its completion vote for its business combination with drug developer TriSalus Life Sciences.
The special meeting, initially planned for today, has been rescheduled to 11:00 a.m.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A Spanish electric vehicle maker specializing in racing cars is to list in Amsterdam through a merger with SPEAR Investments I (AMS:SPR1), testing investor appetite into a market that has all but collapsed.
PROOF (NYSE:PACI) has entered into a definitive agreement to combine with private aviation company Volato at an enterprise value of $261.1 million, or 2.7x its 2022 revenue.
Atlanta-based Volato has developed a fleet of private aircraft and operates a fractional ownership and charter jet network based out of regional airports.
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As companies find new ways of automating business processes with AI, a new AI-driven approach to auto insurance is heading West from India with the help of a SPAC deal.
This week, we speak Rohan Malhotra, CEO and co-founder of Roadzen and Steven Carlson from the sponsor of Vahanna Tech Edge Acquisition I Corp.
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Alset Capital Acquisition Corp. (NASDAQ:ACAX) announced in an 8-K this morning that its shareholders approved its combination with lifestyle company HWH International at an August 1 special meeting.
It has not yet released its final redemption figures, but went into the vote having already seen 77% redemptions reduce its trust to $20.3 million.
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Compute Health (NYSE:CPUH) announced this afternoon that it has completed its combination with weight-loss medtech firm Allurion.
The deal, approved by stockholders on July 28, provides Allurion with access to capital that will fuel its growth initiatives.
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