OceanTech I (NASDAQ:OTEC) announced this morning that it will postpone its special meeting originally scheduled for today for 11:30 ET May 30.
Shareholders are to meet virtually to consider extending OceanTech I’s transaction deadline from by up to one year from June 2 to June 2, 2024 in one-month increments.
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Concurrently with the execution of Bridgetown’s (NASDAQ:BTWN) business combination, the sponsor entered into a non-redemption agreement with FWD Life Insurance Company, Limited and FWD Life Insurance Public Company Limited in exchange for them agreeing not to redeem an unspecified number of shares.
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Motive Capital Corp II (NYSE: MTVC) announced today that it intends to liquidate and dissolve and will redeem all of its outstanding Class A ordinary shares, effective as of the close of business on June 9, 2023.
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Grove Collaborative (NYSE: GROV), which completed a merger transaction with Virgin Group II in June 2022, announced this afternoon that it will implement a 1-for-5 reverse split of its common stock.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Digital World Acquisition Corp.
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Apexigen (NASDAQ: APGN), which recently combined with Brookline Capital in July 2022, announced that it will be acquired by Pyxis Oncology (NASDAQ:PYXS) in an all-stock transaction that would value it at $0.64 per share.
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Desktop Metal (NYSE:DM), which combined with Trine Acquisition Corporation in December 2020, announced it was headed into a new combination this morning as it has agreed to be absorbed an all-stock merger with peer Stratasys that would value it at about $1.88 per share.
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Inflection Point Acquisition Corp II priced its upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPXXU” Thursday, May 25, 2023.
The Company intends to pursue a business combination with a North American or European business in disruptive growth sectors, which complements the expertise of its management team.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Carbon Revolution Limited, a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced the establishment of a $60 million debt financing arranged and insured by PIUS Limited LLC, a Gallagher company, and its affiliates.
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Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is postponing a vote to complete its combination with cloud services firm Digerati (OTC:DTGI) from 10 am ET today to the same time Friday, May 26.
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SPAC transactions have taken a variety of Electric Vehicle (EV) business models to the public markets.
ZeroNox brings another new approach to the EV story with its focus on retrofitting fleets of off-highway vehicles for sustainability.
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On May 22, Capitalworks Emerging Markets Acquisition Corp (NASDAQ:CMCA) and its sponsor, CEMAC Sponsor LP, entered into an additional non-redemption agreement with certain unaffiliated third party in exchange for the Holder agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to 399,737 Class A ordinary shares.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Makara Strategic Acquisition Corp.
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As many of you have noticed, de-SPACs (and SPACs) have been busy lately addressing their warrants. In fact, there are currently four De-SPACs with pending warrant exchange offers and two Announced SPACs that would like to amend their warrants to do an exchange.
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On May 22, GSR II Meteora Acquisition Corp. (NASDAQ:GSRM) entered into additional voting and non-redemption agreements with unaffiliated third parties in exchange for such Non-Redeeming Stockholders agreeing to either not redeem or to reverse any previously submitted redemption request with respect to an aggregate of 1,200,000 shares of the Company’s Class A common stock.
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Signal Hill Acquisition Corp. (NASDAQ: SGHL) announced today that it will redeem all of the outstanding shares of Class A common stock at a per-share redemption price of approximately $10.43.
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Roth CH Acquisition IV (NASDAQ:ROCG) announced in an 8-K this afternoon that its shareholders approved its combination with renewable energy equipment-maker Tigo at a special meeting held on May 18.
At the meeting, holders of an aggregate of 4,814,516 shares of common stock were present, constituting a quorum for the transaction.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
An investor sued architects of the blank-check merger between online gambling company Super Group (NYSE:SGHC) Ltd.