The Latest SPAC News and Rumors: April 28, 2022

Apr 28, 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: Dubai’s Averda plans IPO after ditching SPAC talks, Truth Social back on top of Apple’s App Store, and springbig partners with Tymber

Dubai’s Averda Explores IPO After Ditching SPAC Merger Talks

Averda is exploring an initial public offering in Saudi Arabia or the United Arab Emirates, according to people familiar with the matter, the latest firm seeking to join a wave of listings in the Persian Gulf.

Mallard Acquisition Corp. (MACU) Chooses Liquidation over Extension

Apr 28, 2022 INTEL by Nicholas Alan Clayton

Mallard (NASDAQ:MACU) announced this morning that it plans to begin liquidating its trust on April 29, after facing high redemptions connected with its April 25 vote to extend its transaction deadline to October 29.

New SPAC: Monterey Capital Files for $100M IPO

Apr 28, 2022 INTEL, New S-1 Filings by Marlena Haddad

Monterey Capital Acquisition Corp. (NASDAQ:MCAC) was the third SPAC to file its S-1 last week and has set its sights on combining with a company in the clean transition economy. With an offering size of just $100 million, MCAC comes in well below the average offering size of $176.3 million for all of 2022.
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Chenghe Acquisition Co. (CHEAU) Prices $100M IPO

Apr 27, 2022 IPOs by Marlena Haddad

Chenghe Acquisition Co. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CHEAU” Thursday, April 28, 2022.

The new SPAC intends to focus on financial technology or technology-enabled financial service companies, including artificial intelligence, big data, cloud and blockchain-related initiatives in Asian markets.

ClimateRock (CLRCU) Prices $75M IPO

Apr 27, 2022 IPOs by Marlena Haddad

ClimateRock priced its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CLRCU” Thursday, April 28, 2022.

The new SPAC intends to acquire a target within the sustainable energy industry in the Organization for Economic Co-operation and Development (“OECD”) countries, including climate change, environment, renewable energy and emerging, clean technologies.

The Latest SPAC News and Rumors: April 27, 2022

Apr 27, 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: Hong Kong’s second SPAC deal on hold, and Harley-Davidson delivers first quarter results

Hong Kong’s Second SPAC Deal Put on Hold, Source Says, Clouding Prospects

A blank-check firm backed by VMS Asset Management has paused plans to go public in Hong Kong due to highly volatile markets, clouding Hong Kong prospects for SPACs.

Isleworth Healthcare (ISLE) to Combine with Cytovia Therapeutics in $367M Deal

Apr 27, 2022 INTEL by Nicholas Alan Clayton

Isleworth (NASDAQ:ISLE) has entered into a definitive agreement to combine with biopharmaceutical company Cytovia at an enterprise value of $367 million. The Aventura, Florida-based company is working to develop a range of therapies to treat liver cancer with modified natural killer cells. The combined company is expected to trade on the Nasdaq under the symbol
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Archimedes Tech SPAC (ATSPT) Shareholders Approve SoundHound Deal

Apr 27, 2022 INTEL by Marlena Haddad

Archimedes Tech (NASDAQ:ATSPT) announced this morning that its shareholders have voted to approve its combination with voice AI firm SoundHound in a special meeting held yesterday.

The press release gave limited details on the transaction, including redemptions, but ATSPT traded below its trust value throughout its redemption deadline on Friday, April 22.

Spring Valley (SV) Announces Preliminary Redemption Results

Apr 27, 2022 INTEL by Marlena Haddad

Spring Valley Acquisition Corporation (NASDAQ:SV) announced its redemption results in connection with its business combination with nuclear power provider NuScale Power ahead of its shareholder vote tomorrow.

Spring Valley shareholders elected to redeem an aggregate of 8,619,631 shares, or approximately 37.477% of the outstanding ordinary shares.

The Latest SPAC News and Rumors: April 26, 2022

Apr 26, 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: SPACs draw Kenya’s interest, Trump’s Truth Social falls 9% following Twitter’s deal with Musk, and Ripplewood launches Amsterdam SPAC listing

SPACs Draw Kenya’s Interest Just as Industry Goes Cold in U.S.

Arogo Capital Acquisition Corp. (AOGO) to Combine with EON Reality in $655M Deal

Apr 26, 2022 INTEL by Nicholas Alan Clayton

Arogo Capital (NASDAQ:AOGO) has entered into a definitive agreement to combine with metaverse training company EON Reality at an enterprise value of $655 million. Irvine, California-based EON Reality provides augmented and virtual reality tools to academic institutions and corporations for training purposes. The combined company is expected to trade on the Nasdaq under the symbol “EOXR”
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Aimfinity Investment Corp. I (AIMAU) Prices $70M IPO

Apr 25, 2022 IPOs by Marlena Haddad

Aimfinity Investment Corp. I priced its $70 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AIMAU” Tuesday, April 26, 2022.

The new SPAC intends to focus on identifying unique business concepts with high-performing organizations that have both aspirations to accelerate growth and create enduring value within the technology sector.

Data Knights Acquisition Corp. (DKDCA) to Combine with OneMedNet Corporation in $317M Deal

Apr 25, 2022 INTEL by Marlena Haddad

Data Knights (NASDAQ:DKDCA) has entered into a definitive agreement to combine with medical image archiver OneMedNet at an enterprise value of $317 million. Minneapolis-based OneMedNet provides researchers with an archive of regulatory-grade medical images from scans and other hospital records. The combined company is expected to trade on the Nasdaq once the deal is completed
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The Latest SPAC News and Rumors: April 25, 2022

Apr 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: Bed Bath & Beyond draws interest from Tailwind SPAC, Swvl buys Turkish transit firm, and crypto platform investors sue SPAC execs over accounting

Bed Bath & Beyond Stock Jumps on Report Company Received Bids for BuyBuy Baby Unit

Bed Bath & Beyond’s (NASDAQ:BBY) shares jumped Friday on news that the company is considering offers to buy its BuyBuy Baby business.

XPAC Acquisition Corp. (XPAX) to Combine with SuperBac in $380M Deal

Apr 25, 2022 INTEL by Nicholas Alan Clayton

XPAC Acquisition Corp. (NASDAQ:XPAX) has entered into a definitive combination agreement with biotechnology firm SuperBac at a firm value of $380 million, or 1.5x its 2022E net revenue. Sao Paulo, Brazil-based SuperBac manufactures biological products from natural bacteria that aid in the agriculture, sanitation and oil and gas sectors. The combined company is expected to
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Crescent Term Kicks in and Starry (STRY) Adjusts Warrant Exercise Price

Apr 25, 2022 INTEL by Marlena Haddad

Starry Group Holdings (NYSE:STRY) announced this morning that it will be reducing the warrant exercise price and adjusting the redemption trigger price as a result of the Crescent Term being triggered.

BOA (BOAS) Secures $147.5M for Selina Deal

Apr 25, 2022 INTEL by Marlena Haddad

BOA Acquisition Corp. (NYSE:BOAS) has added $147.5 million in convertible note financing to its combination with hospitality brand Selina.

Although the press release does not disclose who the additional financing is from, Sam Khazary, Selina Senior Vice President and Global Head of Corporate Development, thanked Oppenheimer & Co.

ITHAX (ITHX) Upsizes PIPE for Mondee Deal

Apr 25, 2022 INTEL by Marlena Haddad

ITHAX Acquisition Corp. (NASDAQ:ITHX) announced this morning it has secured an additional $20 million in funding for a total PIPE size of approximately $70 million to finance its combination with technology-first travel marketplace company Mondee.

SPAC IPO Terms Tracker: Week of Withdrawals

Apr 23, 2022 INTEL by sam.beattie

Terms Tracker for the Week Ending April 22th, 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, we saw three new S-1 registration statements, just one less than the week prior, and one IPO, synonymous with last week. Throughout the
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TradeUP Global Corp. (TUGC) Shareholders Approve SAITECH Limited Deal

Apr 22, 2022 INTEL by Marlena Haddad

TradeUP Global Corp. (NASDAQ:TUGC) announced this afternoon that its shareholders have voted to approve its combination with crypto-mining equipment maker SAITECH.

Holders of 4,311,707 of TUGC’s ordinary shares, representing approximately 73.9% of the shares outstanding, were present at today’s meeting.