Ares Acquisition Corporation (NYSE:AAC) has dropped its pre-money valuation of its target company X-energy about -14.2% as a part of a deal revision announced this morning.
The parties noted they believe that bringing down X-energy’s price tag from $2.1 billion to $1.8 billion will provide a more attractive entry point for investors and provide a better opportunity for long-term value creation.
...READ MORE
Artemis Strategic Investment Corp. (NASDAQ:ARTE) announced in an 8-K that it has terminated its combination with British online gambling platform Novibet.
The SPAC did not disclose reasons for the breakup, but the deal was well past its December 30, 2022 outside date.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Shares of Digital World Acquisition Corp.
...READ MORE
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to once again adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 13.
...READ MORE
JAWS Juggernaut Acquisition Corporation (Nasdaq: JUGG) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence.
...READ MORE
Rice II (NYSE: RONI) announced today that it has completed its combination with energy technology company NET Power.
The deal was originally approved by shareholders at a special meeting yesterday with relatively low redemptions. A
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Momentus (NASDAQ:MNTS) has won a contract with Apogeo Space to provide in-space transportation for the Italian company’s batch of nine Internet of Things (IoT) picosatellites.
...READ MORE
MedTech Acquisition Corp. (NASDAQ:MTAC) announced in an 8-K this morning that it has added a $17.8 million convertible share investment and $2 million backstop to its pending combination with TriSalus Life Sciences.
...READ MORE
Avalon Acquisition Inc. (NASDAQ:AVAC) has secured shareholder approval for its combination with financial services firm Beneficient with about 87% of shares redeemed at the final vote.
The redemptions removed all but $27.9 million from Avalon’s trust, but the transaction did not include a minimum cash condition beyond the $5 million required for listing purposes.
...READ MORE
On June 7, EVe Mobility Acquisition Corp. (NYSE:EVE) and the sponsor entered into further non-redemption agreements with additional unaffiliated third party investors pursuant to which the investors have, in connection with the Extension Meeting, agreed not to redeem their Class A Ordinary Shares. The
...READ MORE
Ahren Acquisition Corp. (Nasdaq: AHRN) today announced its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of June 19.
...READ MORE
ROC Energy Acquisition Corp. (NASDAQ:ROC) announced in an 8-K today that its shareholders have approved its combination with oilfield services company Drilling Tools International (“DTI”) during a special meeting held on June 1.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SMX (NASDAQ:SMX) is pleased to announce that it is in the process of creating a new subsidiary, trueSilver, and has entered into a 120 day exclusive agreement with Sunshine Minting Inc.,
...READ MORE
Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions.
In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust.
...READ MORE
Trajectory Alpha (NYSE:TCOA) announced in an 8-K this morning that it has opted to postpone its June 8 extension vote to June 12 at 10 am ET.
The SPAC will use this extra time to engage with shareholders at work to reverse redemption decisions.
...READ MORE
Tracking SPACs and all of their various types of “corporate actions” can be challenging. After all, a SPAC can postpone, adjourn, extend, complete, liquidate early, do a tender offer, and in some cases, one SPAC do all of those actions within its lifespan.
...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
One of India’s best-known startups has skipped payment on a dollar loan, escalating a conflict with lenders that underscores the company’s mounting distress.
...READ MORE
Avalon Acquisition Inc. (NASDAQ:AVAC) announced in an 8-K this morning that it has entered into a prepaid forward purchase agreement with RiverNorth SPAC Arbitrage Fund, the purchaser, as it works to close its combination with financial services firm The Beneficient Company, or Ben.
...READ MORE
Blue Ocean (NASDAQ:BOCN) has entered into a definitive agreement to combine with digital media company TNL Mediagene at a pre-money enterprise value of $275 million.
TNL Mediagene holds the Japanese licenses for a number digital media properties as well as Taipei-based The News Lens.
...READ MORE