Compass Digital (NASDAQ:CDAQ) announced in an 8-K this morning that has sold the majority of its sponsor economics to HCG Opportunity.
The SPAC is parting with 3,093,036 promote shares (58.2%) and 3,000,000 private warrants (64.4%) and HCG will pay up to $300,000 to entities that are owed fees from Compass Digital.
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The Growth for Good (NASDAQ:GFGD) announced this morning that it has added a $5 million PIPE to its combination with EV-maker ZeroNox with the participation of several strategic investors.
The PIPE is set at $10 per share, but The Growth for Good has not yet filed other terms.
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SDCL EDGE (NYSE:SEDA) announced this morning that it has signed a non-binding letter of intent (LOI) to combine with several entities comprising KME’s specialty aerospace business for undisclosed terms.
The LOI would see KME retain a majority stake in the business post-close and the parties expect to announce more details if they come to a definitive agreement.
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The Growth for Good Acquisition Corp. (NASDAQ: GFGD) has decided to push back its completion vote, originally scheduled for August 23, until 10:00 a.m. ET on August 28.
The SPAC stated that it is working through certain agreements for the subscription of shares in a PIPE financing upon the completion of its contemplated business combination with off-highway EV-maker ZeroNox.
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On August 18, Northern Star IV Sponsor LLC, the sponsor of Northern Star Investment Corp.
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Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) today announced that it will redeem all of its outstanding shares of Class A common stock, effective as of August 18, because the company will not be able to consummate an initial business combination.
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Genesis Growth Tech Acquisition Corp. (NASDAQ:GGAA) announced this afternoon that it has mutually terminated its combination with travel technology firm NextTrip just months after their deal announcement.
The parties did not disclose why they decided to nix the deal and did not provide further details.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
WeWork Inc.
LAMF Global Ventures Corp. I (NASDAQ:LGVC) has entered into a definitive agreement to combine with women’s health innovator Nuvo Group at a pre-money equity valuation of $269 million.
Tel Aviv-based Nuvo is committed to reinventing pregnancy care for the 21st century through new technology, tools, and practices for providers and expectant mothers.
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Global Blockchain (NASDAQ:GBBK) has entered into a definitive agreement to combine with wealth management firm Cardea at an enterprise value of $175 million.
Atlanta-based Cardea provides wealth and asset management services to high-net-worth individuals, institutions and families with a specialization in cross-border advisory services.
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99 Acquisition Group Inc. announced the pricing of its downsized $75 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “NNAGU” on Friday, August 18, 2023.
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Roivant (Nasdaq: ROIV), which completed its combination with Montes Archimedes in September 2021, announced this afternoon the fair market value in connection to redeeming its outstanding public and private warrants for $0.10 per warrant.
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Hainan Manaslu Acquisition Corp. (NASDAQ:HMAC) announced that it has closed its combination with Able View and the beauty brand company’s shares and warrants are to begin trading on the Nasdaq under the symbols “ABLV” and “ABLVW”, tomorrow August 18.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Loss-making private jet firm Wheels Up Experience (NYSE:UP) nabbed a key $500 million lifeline but still faces turnaround challenges, as demand for private travel softens in the wake of the COVID-19 pandemic and rival operators lure some of their customers.
Nova Vision (NASDAQ:NOVV) announced in an 8-K this morning that it has re-worked its combination with social real estate platform Real Messenger, lowering the equity value to be issued to the company by -40% to $45 million from $75 million.
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Prime Number I (NASDAQ:PNAC) announced in an 8-K that its shareholders approved its combination with EV battery-maker Noco-Noco at a shareholder meeting yesterday.
In connection with the vote, 2,695,029 shares were redeemed, leaving Prime Number I with a relatively modest 65.6% of its shares redeemed in total.
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Digital World Acquisition Corp. (NASDAQ:DWAC) has decided to push back its extension vote originally scheduled for today to 10 am ET September 5 as it works through several changes to the initial deal.
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As previously disclosed, on June 21, EdtechX Holdings Acquisition Corp. II (NASDAQ:EDTX) notified zSpace that it was terminating its business combination.
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Yotta Acquisition Corp. (NASDAQ:YOTA) announced this afternoon in an 8-K filing that NaturalShrimp (OTCQB:SHMP) has not fulfilled its obligation to pay the termination fee following the cancellation of their proposed business combination.
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