Apollo Strategic Growth Capital (APSG) Shareholders Approve American Express GBT Deal

May 25, 2022 INTEL by Marlena Haddad

Apollo Strategic Growth Capital (NYSE:APSG) announced that its shareholders have voted to approve its combination with American Express Global Business Travel in a special meeting held earlier today.

A total of 52,956,302 Class A ordinary shares and 20,420,250 Class B ordinary shares, representing approximately 71.87% of the outstanding ordinary shares entitled to vote, were present at today’s meeting.

The Latest SPAC News and Rumors: May 25, 2022

May 25, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: MSP Recovery plunges over 60% following merger, and Polestar invests in Israeli fast-charging battery startup

Mega-SPAC Mints a $21 Billion Fortune That Collapses in Minutes

MSP Recovery (NASDAQ:MSPR) was valued at $32.6 billion in its merger with special purpose acquisition company Lionheart Acquisition Corp.

Haymaker III (HYAC) Shareholders Approve Biote Deal

May 24, 2022 INTEL by Marlena Haddad

Haymaker Acquisition Corp. III (NASDAQ:HYAC) announced that its shareholders have voted to approve its combination with hormone-optimization medical practice builder Biote in a special meeting held earlier today.

Redemption numbers have not yet been disclosed.

The Latest SPAC News and Rumors: May 24, 2022

May 24, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Asia Innovations in talks to merge with E.Merge Technology and Alvotech announces positive results from clinical study for AVT04

Parent of Social Platform Uplive is Discussing Deal With E.Merge

New SPAC: SK Growth Opportunities Corp. Files for $200M IPO

May 23, 2022 INTEL, New S-1 Filings by Marlena Haddad

Following a slow week with no S-1 registrations, SK Growth Opportunities Corp. (NASDAQ:SKGR) filed its S-1 this morning, representing the fourth SPAC to file in May thus far and the first from a bulge bracket underwriter since the Morgan Stanley underwritten Chenghe Acquisition Co., which initially filed on April 1, 2022. The new SPAC, which
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The Latest SPAC News and Rumors: May 23, 2022

May 23, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Wilbur Ross SPAC in talks to merge with UK’s Atom Bank, eToro targets $1B funding round, and Symbotic expands Walmart partnership to implement automation system

Trump’s Commerce Secretary Ross Plots £700M Merger With UK’s Atom Bank

The SPAC set up by Wilbur Ross, who was President Trump’s commerce secretary between 2017 and 2021, is in detailed talks about a merger with Durham-based Atom Bank.

SPAC IPO Terms Tracker: A Flat Week of IPOs & New S-1s

May 21, 2022 INTEL by sam.beattie

Terms Tracker for the Week Ending May 20th, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week was very uneventful in terms of new S-1 registration statements and IPOs, in fact, there was not a one from either. This was
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The Latest SPAC News and Rumors: May 20, 2022

May 20, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Mondee announces 1Q financials results, returns to positive EBITDA while Prenetics tumbles following Nasdaq debut

Mondee Announces 1Q 2022 Financial Results; Returns to Positive EBITDA, Almost Tripling Net Revenue

Mondee Inc.,

Babylon (BBLN) Announces Warrant Exchange Offer

May 20, 2022 INTEL by Nicholas Alan Clayton

Babylon (NYSE:BBLN) announced this morning that it has launched an offer to exchange its outstanding public warrants for 0.295 Class A shares each.

However, Babylon would like to amend the existing warrant agreement so that any warrants not exchanged in the tender offer at this ratio will be automatically exchanged at a ratio that is 10% less at 0.2655.

Top 3 SPAC Targets – Oil & Gas

May 20, 2022 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the North American oil and gas sector. We look at why they are compelling and why each could be a fit for a blank-check merger.

The Latest SPAC News and Rumors: May 19, 2022

May 19, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Ex-Gucci backer Investcorp weighs UAE SPAC, Lionheart in talks with Security Matters, and Polestar cuts 2022 delivery forecast amid China lockdown

Ex-Gucci Backer Investcorp Weighs Setting Up UAE SPAC

Investcorp is considering listing a special purpose acquisition company in the UAE, according to people with knowledge of the matter, boosting momentum for the Middle East’s nascent blank-check market.

KludeIn I (INKA) to Combine with Near in $754M Deal

May 19, 2022 INTEL by Marlena Haddad

KludeIn I Acquisition Corp. (NASDAQ:INKA) has entered into a definitive agreement to combine with data intelligence platform Near, at an enterprise value of $754 million, or 8.3x 2023E revenue. Pasadena, CA-based Near helps businesses better understand consumer behavior to unlock growth strategies through data intelligence solutions. The combined company will trade on the Nasdaq under
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Podcast: Blackstone Products Founder & CEO Roger Dahle

May 19, 2022 INTEL, Podcasts & Webinars by Kristi Marvin

This week we will be speaking with Roger Dahle, Founder and CEO of Blackstone Products, which signed a $900 million combination agreement with Ackrell SPAC Partners I in December.

Blackstone has channeled the power of TikTok to popularize its line of outdoor griddles and found ways to capture efficiencies by vertically integrating its supply chain in China. We

Alpine Acquisition Corp. (REVE) to Combine with Two Bit Entertainment in $153M Deal

May 19, 2022 INTEL by Nicholas Alan Clayton

Alpine (NASDAQ:REVE) has entered into a definitive agreement to combine with experiential entertainment company Two Bit Circus at an enterprise value of $153 million. Two Bit Circus runs a micro amusement park in Los Angeles and this deal would see it acquire two conference hotels to expand to Denver and Stamford, CT. The combined company
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Omnichannel Acquisition Corp. (OCA.U) Announces Liquidation

May 18, 2022 INTEL by Marlena Haddad

Omnichannel Acquisition Corp. (NYSE:OCA.U) announced this afternoon that it will be redeeming all of its outstanding shares of Class A common stock, effective as of the close of business on June 1, 2022, due to its inability to complete a business combination.

Cascade Acquisition Corp. (CAS) Announces Liquidation

May 18, 2022 INTEL by Marlena Haddad

Cascade Acquisition Corp. (NYSE:CAS) announced this afternoon that it intends to dissolve and liquidate due to its inability to complete an initial business combination within the required time period.

As a result, the SPAC will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its IPO at a per-share redemption price of approximately $10.10.

Lionheart II (LCAP) Shareholders Approve MSP Recovery Deal

May 18, 2022 INTEL by Marlena Haddad

Lionheart Acquisition Corp. II (NASDAQ:LCAP) announced that its shareholders have voted to approve its combination with Medicare billing firm MSP Recovery in a special meeting held earlier today.

Although today’s press release did not disclose redemption numbers, Lionheart II traded above its trust value of $10 throughout its redemption deadline Monday, May 16, and opened today at $10.49.

Global SPAC (GLSPT) Amends Gorilla Technology Deal

May 18, 2022 INTEL by Marlena Haddad

Global SPAC (NASDAQ:GLSPT) announced this morning it has made several changes to its transaction with edge computing firm Gorilla. The amendments covered a range of topics within the business combination including contingent value rights, the earnout, covenants regarding additional financing, the termination as well as other related agreements including subscription agreements and the letter agreement.
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Tuscan Holdings Corp. II (THCA) to Combine with Surf Air Mobility in $1.4Bn Deal

May 18, 2022 INTEL by Nicholas Alan Clayton

Tuscan II (NASDAQ:THCA) has entered into a definitive agreement to combine with Surf Air Mobility at an enterprise value of $1.42 billion. Los Angeles-based Surf Air is developing technology to electrify small passenger aircraft and has agreed to merge with commuter airline Southern Airways concurrently with the close of the business combination. The combined company
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North Atlantic (NAAC) Postpones Shareholder Vote

May 17, 2022 INTEL by Marlena Haddad

North Atlantic Acquisition Corp. (NASDAQ:NAAC) announced this afternoon that it has postponed its special meeting to vote to approve its combination with communications platform Telesign.

Although NAAC noted that a sufficient number of NAAC’s shareholders have already voted to approve the business combination, it also stated that all of the conditions to effect the closing of the deal have not yet been satisfied.