Shopping Cart

agreements

The Latest Non-Redemption Agreements: July 20, 2023

Jul 20, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Portage Fintech

Portage Fintech Acquisition Corporation (PFTA) Adds Non-Redemption Agreement

On July 14, 2023, July 17, 2023, July 18, 2023 and July 19, 2023, Portage Fintech Acquisition Corporation (NASDAQ:PFTA) and its sponsor, PFTA I LP entered into non-redemption agreements with certain unaffiliated third parties in exchange for the Holder or Holders agreeing either not to request redemption in connection with the extension with respect to an aggregate of approximately 2 million Class A ordinary shares.

TortoiseEcofin Acquisition Corp. III (TRTL) Signs LOI

Jul 20, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

TortoiseEcofin Acquisition Corp. III (NYSE:TRTL) announced this afternoon that it has executed a non-binding letter of intent (LOI) to combine with an industrial renewable power solutions company.

As of now, the SPAC has not disclosed any additional information about the unnamed target.

latest-news

The Latest SPAC News and Rumors: July 20, 2023

Jul 20, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: SPEAR Investments I in advanced discussions to acquire QEV Technologies

Dutch SPAC in advanced talks to acquire electric vehicle group

SPEAR Investments I, a special purpose acquisition company, is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 million euros ($234 million), the companies said on Thursday.

Podcast: AtlasClear’s Craig Ridenhour and Quantum Fintech’s (QFTA) John Schaible

Jul 20, 2023 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

SPAC structures can provide unique opportunities to bring together many pieces to a new puzzle, which is very much the case with this week’s deal.

This week, we speak with John Schaible, Chairman and CEO of Quantum Fintech Acquisition Corporation (NYSE: QFTA), and Craig Ridenhour, Chief Business Development Officer at AtlasClear.

proxy vote

BlueRiver Acquisition Corp. (BLUA) Postpones Extension Vote

Jul 19, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

BlueRiver Acquisition Corp. (NYSE:BLUA) announced in an 8-K this afternoon that it has postponed its extension vote from July 21 to July 28 at 10 a.m. ET.

As a result, the SPAC will also extend the redemption deadline to July 26.

agreements

The Latest Non-Redemption Agreements: July 19, 2023

Jul 19, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: KnightSwan

KnightSwan Acquisition Corporation (KNSW) Adds Non-Redemption Agreement

In connection with the special meeting called by the KnightSwan Acquisition Corp. (NYSE:KNSW) to approve an extension from July 25, 2023 to July 25, 2024, shareholders holding an aggregate of 18,355,353 of Class A ordinary shares exercised their right to redeem their shares.

latest liquidations

The Latest Liquidations: July 19, 2023

Jul 19, 2023 INTEL by Marlena Haddad

Latest SPAC Liquidations: Enterprise 4.0 Technology and Bilander

Enterprise 4.0 Technology Acquisition Corp. (ENTF) to Liquidate on July 21

Enterprise 4.0 Technology Acquisition Corp. (NASDAQ:ENTF) announced today that it will be unable to consummate an initial business combination and intends to dissolve and liquidate.

Colombier Acquisition Corp. (CLBR) Shareholders Approve PublicSq Deal

Jul 19, 2023 De-SPAC Votes and Redemptions, Headline Post, INTEL by Marlena Haddad

Colombier Acquisition Corp. (NYSE: CLBR) announced this afternoon that its shareholders approved its combination with values-based marketplace PublicSq at a special meeting held earlier today.

After accounting for stockholder redemptions, PublicSq.

latest-news

The Latest SPAC News and Rumors: July 19, 2023

Jul 19, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: VinFast to start construction of US factory next week, LanzaTech partners with GAIL, and X-energy and Energy Northwest sign joint development agreement for modular reactor project

Vietnam EV maker VinFast to start construction of US factory next week

Vietnamese automaker VinFast said on Wednesday it would start construction of a $4 billion electric vehicle factory in North Carolina next week as part of its push to expand in the United States market.

Jupiter Acquisition Corporation (JAQC) to Combine with Filament Health in $210M Deal

Jul 19, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Jupiter (NASDAQ:JAQC) has entered into a definitive agreement to combine with psychedelic drug developer Filament Health (OTCQB:FLHLF) at an enterprise value of $210 million. Vancouver-based Filament is developing a line of psilocybin-based drug candidates and licensing its patents to a number of other biotech firms. The combined company is expected to trade on the Nasdaq
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Teaser

Alpha Partners Technology Merger Corp. (APTM) Signs LOI with Glowforge

Jul 19, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Alpha Partners Technology Merger Corp. (NASDAQ:APTM) announced in an 8-K this morning that it has signed a non-binding letter of intent (LOI) to combine with 3D printing firm Glowforge.

The SPAC has thus far released no other details on the proposed merger beyond that Glowforge’s existing shareholders would be expected to roll 100% of their equity into the combined entity.

changes-ahead

PowerUp Acquisition Corp. (PWUP) Sells Sponsor Economics

Jul 19, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

PowerUp (NASDAQ:PWUP) announced in an 8-K this morning that it has sold a large portion of its sponsor stake to SRIRAMA Associates in exchange for the investor taking on management responsibilities for the SPAC.

agreements

The Latest Non-Redemption Agreements: July 18, 2023

Jul 18, 2023 Deal Announcements & Amendments, INTEL by Marlena Haddad

Latest Non-Redemption Agreements: Deep Medicine

Deep Medicine Acquisition Corporation (DMAQ) Adds Non-Redemption Agreement

As previously disclosed, Deep Medicine Acquisition Corp. (NASDAQ:DMAQ) and its sponsor, Bright Vision Sponsor LLC, have entered into certain non-redemption agreements with certain unaffiliated third parties in connection with the special meeting on July 13.

Revelstone Capital Acquisition Corp. (RCAC) to Combine with Set Jet in $80M Deal

Jul 18, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Revelstone (NASDAQ:RCAC) has signed a definitive agreement to combine with aviation firm Set Jet at an enterprise vale of $80 million. Scottsdale, Arizona-based Set Jet operates a private jet booking membership platform serving destinations in the US and Mexico. The combined company is expected to trade on the Nasdaq under the symbol “SJET” once the
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

latest-news

The Latest SPAC News and Rumors: July 18, 2023

Jul 18, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Truth Social’s head of engineering suddenly resigns, ZeroNox announces partnerships to bring Tuatara EVs to Europe, and WebCargo by Freightos enables digital interlining

Donald Trump’s Truth Social App in Turmoil as Chief Engineer Suddenly Resigns

As former President Donald Trump’s Truth Social experienced trouble in the past few months, the company’s head of engineering announced his resignation, which dealt a significant setback to the social media platform.

Freedom Acquisition 1 Corp. (FACT) Closes Complete Solaria Deal

Jul 18, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Freedom I (NYSE:FACT) announced this morning that it has closed its combination with residential solar developer Complete Solaria and the combined company’s shares and warrants are expected to trade on the Nasdaq under the symbols “CSLR” and “CSLRW” later today, July 18.

proxy vote

Tristar Acquisition I Corp. (TRIS) Adjourns Extension Vote

Jul 17, 2023 De-SPAC Votes and Redemptions, Deal Announcements & Amendments, Headline Post, INTEL by Marlena Haddad

Tristar Acquisition I Corp. (NYSE:TRIS) announced in a filing this afternoon that it has adjourned its special shareholder meeting until tomorrow, July 18, at 4 pm ET.

The SPAC conducted the meeting as scheduled today but could not confirm the presence of enough attendees to establish a quorum.

latest-news

The Latest SPAC News and Rumors: July 17, 2023

Jul 17, 2023 Headline Post, INTEL, SPACs in the News by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: VinFast encounters difficulties penetrating U.S. market, telecoms contractor QualTek emerges from bankruptcy and Aerwins unveils blueprint for new hovercraft

In Five Months, VinFast Delivered Only 128 Vehicles in the U.S.

Pardes Biosciences (PRDS) to Be Acquired by MediPacific for $2.02-$2.19 Per Share

Jul 17, 2023 Headline Post, INTEL by Nicholas Alan Clayton

Pardes Biosciences (NASDAQ:PRDS), which combined with FS Development Corp. II in December 2021, announced that it has agreed to be acquired by MediPacific for $2.02 to $2.19 per share for a premium of 8%-17% over its last closing price.

proxy vote

Portage Fintech Acquisition Corporation (PFTA) Postpones Extension Vote Following Sponsor Change

Jul 17, 2023 De-SPAC Votes and Redemptions, Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Portage Fintech Acquisition Corporation (NASDAQ:PFTA) announced in a filing this morning that it has postponed its special shareholder meeting two days to 10 am ET July 21 from July 19.

Shareholders are to consider giving Portage Fintech a one-year transaction deadline extension, pushing the SPAC’s out to July 31, 2024 in exchange for no new contribution to its trust.

Archives