The Latest SPAC News and Rumors: June 8, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Dynamics Special Purpose Corp. (DYNS) Shareholders Approve Senti Biosciences Deal
Dynamics (NASDAQ:DYNS) announced in an 8-K filing this afternoon that its shareholders have voted to approve its combination with Gene Circuit company Senti Biosciences in a special meeting held earlier today.
...READ MORE
Oaktree II (OACB) Shareholders Approve Alvotech Deal
Oaktree II (NYSE:OACB) announced that its shareholders have voted to approve its combination with biopharma company Alvotech in a special meeting held earlier today.
Today’s press release did not disclose redemption amounts, but OACB closed today at $9.86.
...READ MORE
The Latest SPAC News and Rumors: June 7, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Westrock Coffee reports 1Q results and upsizing of new credit facility, Polestar to debut first electric performance SUV, and Safe Harbor Financial closes senior secured loan to Solar Cannabis Co.
...READ MORE
Tribe Capital Markets Resigns from Tribe Capital Growth Corp I (ATVC) Sponsor
Tribe Capital I (NASDAQ:ATVC) announced in an 8-K this morning that Tribe Capital Markets has resigned from its sponsor and will effectively transfer management of it to Arrow Multi Asset Fund.
...READ MORE
Podcast: Rubicon Founder & CEO Nate Morris
This week we are speaking with Nate Morris, Founder and CEO of Rubicon, the “Uber” of trash collection. Rubicon entered into an $1.7 billion deal with Founder SPAC in December.
Rubicon is bringing digitization to a sector that has long resisted change in waste management. We
...READ MORE
The Latest SPAC News and Rumors: June 6, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Solid Power aims to ship first solid-state battery cells by year-end to BMW, Ford
Solid Power aims to ship first solid-state battery cells by year-end to BMW, Ford
Solid Power, a developer of solid-state batteries for electric vehicles that combined with Decarbonization Plus III in December 2021, aims to begin shipping pre-production battery cells by year-end for validation testing by partners BMW and Ford Motor, the company said on Monday.
...READ MORE
SPAC IPO Terms Tracker: A Slow Start to Summer
Terms Tracker for the Week Ending June 3rd, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. To kick off the month of June, we saw one new S-1 registration statement, five less than what we saw last week, and no IPOs.Read More
To access this post, you must purchase 1 - User: Monthly Plan.
SVF Investment Corp. 3 (SVFC) Shareholders Approve Symbotic Deal
SVF 3 (NASDAQ:SVFC) announced that its shareholders have voted to approve its combination with AI supply chain technology firm Symbotic in a special meeting held earlier today.
Today’s 8-K disclosed that holders of 27,459,854 Class A ordinary shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.00 per share.
...READ MORE
New SPAC: Inkstone Feibo Acquisition Corp. Files for $60M IPO
Inkstone Feibo Acquisition Corp. filed its S-1 last Friday for $60M, representing the ninth and final SPAC to file for an IPO in May. Inkstone Feibo intends to focus on acquisition opportunities in biotechnology and green technology industries with an emphasis on ESG practices in the United States and Taiwan. The SPAC believes businesses that promoteRead More
Altitude Acquisition Corp. (ALTU) Postpones Shareholder Vote
Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has postponed its special meeting to extend its timeline for an initial business combination.
The SPAC has 18 months to complete a business combination with a deadline of June 11, 2022 quickly approaching.
...READ MORE
The Latest SPAC News and Rumors: June 3, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Traveloka nears $200 million funding after SPAC talks
Traveloka is Said Near $200 Million Funding After SPAC Talks
Traveloka, Southeast Asia’s biggest online travel startup, is close to raising more than $200 million from investors after ending talks to go public via a merger with a blank-check company last year, according to people familiar with the matter.
...READ MORE
Biotech Acquisition Company (BIOT) Postpones Shareholder Vote Again
Biotech Acquisition Company (NASDAQ:NAAC) announced this morning that it has for a second time postponed its special meeting to approve its combination with Blade Therapeutics.
This meeting was first pushed back from June 1 and the SPAC has not yet set a new date.
...READ MORE
New SPAC: ESH Acquisition Corp. Files for $300M IPO
ESH Acquisition Corp. (NASDAQ:ESH) filed its S-1 last Thursday for $300M, and intends to acquire a business in the sports industry, including professional franchises, online gaming, media and E-sports. And with Hall of Famer Earvin “Magic” Johnson as its Vice Chairman, ESH has a unique opportunity to source and identify potential target businesses in theRead More
SPAC Lock-Up Expirations to Watch in June
The month of June is set to be a busy one for lock-up expirations with 26 company lock-ups and 31 sponsor lockups coming to an end. The most generous of these is the 36-month lock-up agreed to by One Madison Corporation in connection with its combination with sustainable packaging-maker Ranpak. This deal was completed wayRead More
The Latest SPAC News and Rumors: June 2, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Grove Collaborative announces first quarter 2022 results
Grove Collaborative Announces Fiscal First Quarter 2022 Financial Results and Provides Updated Guidance
Grove Collaborative, Inc.,
...READ MORE
New SPAC: Aquaron Acquisition Corp. Files for $50M IPO
Aquaron Acquisition Corp. (NASDAQ:AQU) filed its S-1 last Thursday for a $50 million SPAC IPO. The new SPAC intends to combine with an acquisition target in the new energy sector that is based in the U.S. or Asia and has a total enterprise value between $150 million and $300 million. More specifically, Aquaron will focusRead More
The Latest SPAC News and Rumors: June 1, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Eve partners with Porsche Consulting, Footprint reports strong start to 2022 with record revenue, and Selina opens flagship hotel
Eve Partners with Porsche Consulting to Define eVTOL Global Manufacturing, Logistics and Supply Chain Strategy
Eve Holding, Inc.
...READ MORE
Americas Technology (ATA) to Combine with Rally in $208M Deal
Americas Technology (NYSE:ATA) has entered into a definitive agreement to combine with mass mobility firm Rally Communitas at an enterprise value of $208 million. New York City-based Rally operates a ride-hailing platform targeted at charter buses for intercity trips and events. The combined company is expected to trade on the NYSE under the symbol “RLLY”Read More
RedBall Acquisition Corp. (RBAC) Terminates SeatGeek Deal
RedBall Acquisition Corp. (NYSE:RBAC) announced this morning that it has mutually terminated its combination agreement with ticket marketplace SeatGeek.
Similar to a handful of other SPACs we’ve seen, RedBall cited unfavorable market conditions as the key reason behind the termination.
...READ MORE