Insight Acquisition Corp. (NASDAQ:INAQ) announced this afternoon that it has mutually terminated its combination with oil and gas producer Avila (CSE:VIK), effective immediately.
The parties noted that they have nixed the deal as a result of challenging conditions in the SPAC market.
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Aurora Acquisition Corp. (NASDAQ: AURC) announced this afternoon that its shareholders approved its combination with proptech firm Better at a special meeting earlier today.
Aurora’s sponsor, directors and executive officers own 97.7% of the issued and outstanding ordinary shares, including 100% of the issued and outstanding Class B ordinary shares, and committed to vote in favor of the deal.
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Swiftmerge (NASDAQ:IVCP) has entered into a definitive agreement to combine with commercial-stage biotech firm HDL Therapeutics at a $480 million valuation.
Vero Beach, Florida-based HDL has developed a medical device designed to remove plaques from patients’ coronary arteries and has been approved for some high-risk patients.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Cano Health (NYSE:CANO) said on Thursday there is substantial doubt about the company’s ability to continue as a going concern this year, sending its shares down about 48% after the bell.
Mountain & Co. I (NASDAQ:MCAA) has entered into a definitive agreement to combine with sports media platform Barça Media at a pro forma enterprise value of $973 million.
Barcelona-based Barça Media is the media wing of the FC Barcelona soccer club, which aims to have a presence in subscription programming, esports and other digital content.
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Oxbridge Acquisition Corp. (NASDAQ: OXAC) announced this afternoon that it has completed its combination with private aviation booking and membership platform Jet.AI, formerly known as Jet Token.
The deal was originally approved by shareholders at a special meeting held on August 7, but post-closing, Jet.AI,
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MedTech Acquisition Corporation (NASDAQ:MTAC) announced this afternoon that it has completed its business combination with drug developer TriSalus Life Sciences.
The deal was initially approved by shareholders at a special meeting held on August 8. A
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Fifth Wall Acquisition Corp. III (NASDAQ:FWAC) announced in an 8-K this afternoon that its shareholders approved its combination with parking asset owner Mobile Infrastructure at a special meeting today.
The deal was overwhelmingly approved as holders of 8,132,369 shares voted in favor of the transaction, while holders of just 55,221 shares voted against it.
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AxonPrime Infrastructure Acquisition Corporation (NASDAQ:APMI) today announced that it will not be able to consummate an initial business combination by August 17.
Broad Capital Acquisition Corp. (NASDAQ:BRAC) announced this afternoon that it has entered into an amendment to its merger agreement to combine with fintech target Openmarkets.
On August 4, the parties amended the business combination agreement to decrease the number of purchase shares to be issued to the seller, BMYG OMG Pty Ltd, as consideration at closing from 9,000,000 to 7,000,000 due to an updated valuation of Openmarkets.
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Moringa Acquisition Corp. (NASDAQ:MACA) announced this afternoon that travel booking platform Holisto has terminated its business combination with the SPAC.
On August 7, Moringa received a notice from the Israeli travel company stating it will be terminating the deal pursuant to Section 7.1 of the business combination agreement, which allows the target or the SPAC to nix the deal if it is not completed by January 1, 2023. However,
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Virgin Galactic Holdings Inc.
Black Spade (NYSE:BSAQ) announced this morning that its shareholders approved its $27 billion combination with EV-maker VinFast at a special meeting earlier today.
The deal is expected to close on August 14, after which its shares and warrants are expected to begin trading on the Nasdaq under the symbols “VFS” and “VFSWW” on August 15.
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Blue World Acquisition Corporation (NASDAQ: BWAQ) has entered into a definitive agreement to combine with solar solution company Vietnam Sunergy Cell (“TOYO Solar”).
Tokyo, Japan-based TOYO is a solar module solutions provider focusing on solar photovoltaic products in Southeast Asia.
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10X Capital III (NASDAQ:VCXB) has entered into a definitive agreement to combine with clinical-stage biotech firm Addimmune at a pre-money enterprise value of $500 million.
Rockville, Maryland-based Addimmune is a division of American Gene Technologies International that is focused on developing a functional cure for HIV.
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Mobiv Acquisition Corp. (NASDAQ:MOBV) announced that it has added a pool of 2,500,000 bonus shares that would be distributed to its non-redeeming shareholders at the close of its combination with SRIVARU.
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Digital World Acquisition Corp. (NASDAQ:DWAC) filed an update containing several amendments to its deal with Trump Media & Technology Group that set up a roadmap of obligations for both sides to complete this long-running saga.
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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) warned of a possible bankruptcy in a stunning reversal of fortune for the shared workspace provider that four years ago was one of the world’s most prized startups with a valuation of $47 billion.
Maquia (NASDAQ:MAQC) has entered into a definitive agreement to combine with technology firm Immersed, valued at $150 million.
Austin, Texas-based Immersed provides enterprise AR/VR tools via a headset aiming to improve individual worker productivity and group collaboration.
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Tigo Energy, Inc. (Nasdaq: TYGO), which completed its combination with Roth CH Acquisition IV in May, announced this morning that it will be redeeming its outstanding public and private warrants for a redemption price of $0.01 per warrant.
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