Everest Consolidator Acquisition Corp. (NYSE:MNTN) has entered into a definitive agreement to combine with consumer debt servicer Unifund at an enterprise value of $238 million, or 4.5x its 2022 revenue.
Cincinnati-based Unifund acquires consumer debts from lenders and provides users means of paying them off over time.
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Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is postponing its special shareholder meeting from 10 am ET this morning to 2 pm ET tomorrow, May 23.
Shareholders at the meeting are to consider a proposal allowing the SPAC to extend its deadline three months from May 30 to August 30 in exchange for a $250,000 contribution to its trust.
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On May 18, 2023, Capitalworks Emerging Markets Acquisition Corp. (NASDAQ:CMCA) and the Company’s sponsor, CEMAC Sponsor LP, entered into additional non-redemption agreements with certain unaffiliated third parties in exchange for the Holder or Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to certain Class A ordinary shares.
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Beard Energy Transition (NYSE:BRD) has entered into a definitive agreement to combine with solar developer Suntuity at an enterprise value of $249 million.
Holmdel, New Jersey-based Suntuity installs residential solar projects in 25 states through both internal sales staff and channel partners.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
WeWork (NYSE:WE) CEO Sandeep Mathrani is stepping down effective May 26, the co-working space firm announced this week.
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Rice Acquisition Corp. II (NYSE: RONI) today announced an additional $50 million to its PIPE in connection to its business combination with clean natural gas producer NET Power, bringing the total committed capital to approximately $560 million.
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Granite Ridge Resources (NYSE:GRNT), which combined with Executive Network Partnering in October 2022, announced this morning that it has launched an offer to exchange all outstanding warrants into 0.25 shares each.
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Better World Acquisition Corp. (NASDAQ:BWAC) announced in an 8-K this afternoon that it has terminated its business combination with Heritage Distilling.
The SPAC notified Heritage that it was electing to terminate the agreement today, but did not provide further details as to why it was nixing the deal.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
GoLogiq, Inc.
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Goldenbridge Acquisition Limited (Nasdaq: GBRG) announced this afternoon that it has completed its business combination with digitalized auto services provider Auto Services Group through its indirect majority-owned subsidiary Sun Car Online Insurance Agency.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
An acquisition company backed by serial dealmaker Martin E.
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Metals Acquisition Corp. (NYSE:MTAL) has again secured further funding for its PIPE in connection to its business combination with Glencore’s (LON:GLEN) CSA Copper Mine, announcing this afternoon that it has executed $35 million in committed financing.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
AlTi Global Inc. (NASDAQ:ALTI)
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Fintech Ecosystem (NASDAQ:FEXD) announced in an 8-K this morning that it has terminated its business combination with financial services provider Rana.
The filing noted that the deal was terminated well before its September 12 outside date because Rana failed to provide audited financial statements to the other parties in a timely manner.
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As previously reported, PowerUp Sponsor LLC, the sponsor of PowerUp Acquisition Corp. (NASDAQ:PWUP), and the company, entered into several Non-Redemption Agreements and Assignment of Economic Interests with certain unaffiliated third parties.
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