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SPAC IPO Terms Tracker: Shortened Week Heading into the Holiday

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Archimedes Tech SPAC Partners (ATSPT) Adds $2M PIPE to SoundHound Deal

Archimedes Tech SPAC Partners Co. (NASDAQ:ATSPT) has added $2 million to their PIPE for its combination with voice AI firm SoundHound, bringing the deal’s total PIPE proceeds to $113 million.

The SPAC entered into a subscription agreement with an accredited investor on April 9, to which the new subscriber agreed to purchase 200,000 shares of Class A Common Stock of Archimedes, at a purchase price of $10.00 per share.

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The Latest SPAC News and Rumors: April 14, 2022

 


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

Latest SPAC News: Spotify rival Deezer nears deal to go public, D-Orbit enters agreement with Beyond Gravity, and PropertyGuru beats adjusted EBITDA forecast


Deezer Negotiates Public Listing via Merger with French SPAC

French music streaming service Deezer is nearing a deal to go public by merging with I2PO, a SPAC backed by the family behind luxury titan Kering SA, according to The Wall Street Journal, as consumer demand for music continues to grow.

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The Latest SPAC News and Rumors: April 13, 2022

 


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

Latest SPAC News: Malaysia’s Hibiscus considers Singapore SPAC listing, Bridgestone partners with LanzaTech, and Credit Suisse forms new committee to review SPAC deals


Malaysia’s Hibiscus Explores Singapore SPAC Listing

Hibiscus Petroleum Bhd.

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IPO-Pricing

Aura FAT Projects Acquisition Corp. (AFARU) Prices $100M IPO

Apr 12, 2022 IPOs by Marlena Haddad

Aura FAT Projects Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AFARU” Wednesday, April 13, 2022.

The new SPAC intends to focus on new emerging technology companies with an acute growth potential in Southeast Asia and Australasia in sectors such as the Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services sectors.

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New SPAC Makara Strategic Files Natural Resources SPAC at Intriguing Time

We’re bringing back a blast from the past – when the market wasn’t pricing dozens of new SPAC per month – by featuring interesting new SPACs that have just filed. Last month saw a new type of SPAC transaction emerge in the form of Metals Acquisition Corp.’s (NYSE:MTAL) 100% buyout of the CSA Copper Mine
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The Latest SPAC News and Rumors: April 12, 2022

 


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

Latest SPAC News: Hong Kong’s OneDegree approached by SPAC, ADQ and Chimera Capital set up Abu Dhabi’s first blank-check company, and Infinite Reality buys ReKTGlobal


Hong Kong’s OneDegree Says It’s Been Approached on SPAC Listing

OneDegree, a Hong Kong-based insurer of digital assets, has been approached by investment banks about going public through a blank-check company, its co-founder said.

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8i Acquisition 2 Corp. (LAX) to Combine with EUDA Health in $583M Deal

8i Acquisition 2 Corp. (NASDAQ:LAX) has entered into a definitive agreement to combine with digital health firm EUDA at an enterprise value of $583 million, or 13.4x its 2023E adj. EBITDA. Singapore-based EUDA provides AI-powered telehealth services through an app to patients across Southeast Asia. The combined company is expected to trade on the Nasdaq
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Circle Internet Financial Receives $400M in Funding

Concord Acquisition Corp.’s (NYSE:CND) crypto target, Circle, has received $400 million in funding with investments from BlackRock, Inc (NYSE:BLK), Fidelity Management and Research, Marshall Wace LLP and Fin Capital.

Although today’s investment is not directly associated with the business combination, Fidelity and Marshall Wace participated in the transaction’s original PIPE before it was cancelled and replaced with the current terms.

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The Latest SPAC News and Rumors: April 11, 2022

 


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

Latest SPAC News: Ackman says proposed SPAC rules suggest SEC backs him, Wallbox starts construction of its EV charger manufacturing facility, and Selina partners with TechnoArt


Bill Ackman Says Proposed SPAC Rules Suggest SEC Backs Him Against Investor Lawsuit

A Bill Ackman SPAC told a judge that proposed rules for the vehicles support its defense against a lawsuit alleging it is acting illegally as an investment company.

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The Latest SPAC News and Rumors: April 8, 2022

 


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

Latest SPAC News: Dune SPAC sues TradeZero, Tiket mulls Blibli merger before Jakarta IPO, and BlackSky looks to expand military business


Dune SPAC Sues TradeZero for ‘Outright Falsehoods’ About Merger

Dune Acquisition Corp.

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The Latest SPAC News and Rumors: April 7, 2022

 


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

Latest SPAC News: Drew Barrymore joins Grove Collaborative 


Drew Barrymore Joins Grove Collaborative to Build a Plastic-Free Future

Grove Collaborative, a leading sustainable consumer products company and Certified B Corp, announced today actress and entrepreneur Drew Barrymore has joined the Company as an investor and its first-ever Global Brand and Sustainability Advocate.

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New SPAC: Chenghe Acquisition Corp. Files for $100M IPO

We’re bringing back a blast from the past – when the market wasn’t IPO’ing dozens of new SPAC per month – by featuring interesting new SPACs that have just filed. Chenghe Acquisition Corp. (NASDAQ:CHEA) filed its S-1 last Friday, marking the first and only company to file for a SPAC IPO in Q2 thus far. The
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The Latest SPAC News and Rumors: April 6, 2022

 


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

Latest SPAC News: Rezolve announces update to 2022 outlook, American Bank partners with Bakkt

Rezolve Now Expects $138 Million Improvement in 2022 Cash Burn Outlook, Maintains 2022 Revenue Assumption of $219 Million

Rezolve, a leader in mobile commerce and engagement, today announced an update to its 2022 outlook, with a substantial improvement in Adjusted EBITDA expected.

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