Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital World Acquisition Corp.
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Waldencast Acquisition Corp. (NASDAQ:WALD) announced this morning that it has added $225 million in debt to its combination with beauty brands OBAGI and Milk.
This new money comes in the form of a four-year secured first-lien made up of a $175 million term loan and a $50 million revolving loan facility with $7.5 million available to be drawn as letters of credit.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The merger between the special-purpose acquisition company Gores Guggenheim and the electric vehiclemaker Polestar (NASDAQ:PSNY) born from Volvo is done.
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Agrico (NASDAQ:RICO) announced this afternoon that it expects to receive shareholder approval at its special meeting set to vote on its combination with indoor farming company Kalera (OL:KAL) on Monday.
Approximately 71.68% of the total number of shares and votes in the company, have essentially voted 100% in favor of the approval of the proposed business combination transaction.
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SK Growth Opportunities Corp. priced its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SKGRU” Friday, June 24, 2022.
The new SPAC will focus its efforts on identifying a company involved in developing and deploying technologies and products that address and solve ESG-related issues or are operated in a fashion consistent with ESG principles.
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DPCM Capital (NYSE:XPOA) announced this afternoon that it has secured a purchase agreement, reduced its transaction expenses and waived the closing cash condition in connection to its proposed merger with quantum computing firm D-Wave.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
U.S.
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Gores Guggenheim (NASDAQ:GGPI) announced that its shareholders have voted to approve its combination with Swedish electric vehicle-maker Polestar in a special meeting held earlier today.
Holders of 61,968,987 shares of GGPI common stock were present in person or by proxy, representing 61.97% of the voting power, constituting a quorum for the transaction.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
D-Orbit, the space logistics and orbital transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp.
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This week, we speak with Andre Frederico, general manager for Latin American data firm Semantix and Rafael Steinhauser, co-founder and CEO of Alpha Capital Acquisition Company (Nasdaq: ASPC).
Semantix entered into an $693 million dollar combination agreement with Alpha Capital Acquisition Company in November 2021.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Paya Holdings Inc.
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Gores Guggenheim (NASDAQ:GGPI) announced this morning that it expects to provide $850 million in proceeds to its target company Polestar ahead of its vote to complete the deal scheduled for tomorrow, June 22.
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Freedom Acquisition 1 (NYSE:FACT) announced over the long weekend that it has signed a non-binding letter of intent (LOI) to combine with genome sequencing firm Human Longevity, Inc. valued at $1 billion.
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