Gobi Acquisition Corp. (Nasdaq:GOBI) announced this afternoon that its shareholders have approved its move to shrink its timeline and the SPAC now intends to liquidate its trust.
The Trust Amendment Proposal was overwhelmingly approved with 30,526,358 shares in favor of changing the date of the liquidation with just 783 shares against it.
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Perella Weinberg Partners (NASDAQ:PWP) announced this morning that it is offering to exchange all outstanding warrants for 0.20 shares of company stock.
The move would issue 1,573,995 shares to warrantholders should all accept the offer.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies on the African continent. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has extended its outside date and increased its equity value in connection to its business combination with metaverse infrastructure platform, InfiniteWorld.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital entertainment and esports brand FaZe Clan (NASDAQ:FAZE) began trading on the Nasdaq Wednesday after completing a SPAC merger with B.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
NewAmsterdam Pharma BV, a biotechnology company that aims to treat metabolic diseases, is in talks to go public through a merger with blank-check firm Frazier Lifesciences Acquisition Corp.(NASDAQ:FLAC),
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CC Neuberger Principal Holdings II (NYSE:PRPB) announced this morning that its shareholders approved its combination with visual content marketplace Getty, at a special meeting July 19.
The parties did not disclose redemption figures in either their press release or initial 8-K on the vote.
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Fortune Rise Acquisition Corp. (NASDAQ:FRLA) announced in an 8-K this morning that it has mutually terminated its combination with crypto mining business VCV Power Sigma.
As with yesterday’s termination of Aesther Healthcare’s combination with United Gear, the merger was just weeks old, having been announced on May 3 with an outside date in November.
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This week, we speak with Zvi Schreiber, CEO of Freightos, and Ezra Gardner, CEO of Gesher I Acquisition Corp.
The two companies entered into a $436 million business combination last month.
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East Resources Acquisition Company (NASDAQ:ERES) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a vertically integrated alternative asset manager.
The SPAC did not provide a name of the asset manager, but noted that the target specializes in insurance products, with a focus on origination, asset management, valuation and servicing.
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Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) announced this afternoon that it has mutually terminated its combination agreement with automotive component manufacturer United Gear & Assembly.
The termination comes just two weeks after AEHA secured a common stock purchase agreement and not even two months after deal announcement.
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Alpine Acquisition Corporation (NASDAQ:REVE) announced this afternoon that it will issue a dividend to holders of Alpine’s common stock who do not seek redemption at its business combination with experiential entertainment company Two Bit Circus (“TBC”).
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A federal probe of Donald Trump’s social media deal is putting a spotlight on Rocket One Capital, an obscure private equity firm with no obvious connection to the transaction beyond a board member.
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ArcLight Clean Transition Corp. II (NASDAQ:ACTD) announced in an 8-K filing this morning it has signed a forward purchase agreement to prevent 1,900,000 shares from being redeemed.
This is the second piece of news announced by ArcLight II this morning as it also disclosed this morning that its shareholders voted to approve its combination with OPAL Fuels at a shareholder vote on Friday.
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ArcLight Clean Transition Corp. II (NASDAQ:ACTD) announced that at a special meeting Friday its shareholders have approved its combination with renewable gas producer OPAL Fuels.
The parties’ press release included scant details and made no mention of redemption figures.
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Dune Acquisition Corp. (NASDAQ:DUNE), which previously launched a lawsuit against its combination partner TradeZero, while Dune’s Board also recommended shareholders vote against this deal, is nonetheless rejecting TradeZero’s termination of their merger agreement.
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