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American Acquisition (NASDAQ:AMAO) has entered into a definitive agreement to combine with investment company Royalty Management at an enterprise value of $111 million. Fishers, Indiana-based Royalty Management collects cashflow streams via resources, intellectual property and other royalty-paying assets and distributes these to shareholders. The combined company is expected to trade…
Northern Lights (NASDAQ:NLIT) announced in an 8-K this morning that its shareholders approved its combination with cannabis finance provider Safe Harbor at a special meeting held yesterday afternoon. The filing did not include final redemption figures or a timeline for close, but as of yesterday the SPAC faced 66.2% redemptions.…
Agrico Acquisition Corp. (NASDAQ:RICO) announced that its shareholders have voted to approve its combination with indoor farming company Kalera (OL:KAL) in a special meeting held yesterday. The approval comes as no surprise as the SPAC announced a preliminary shareholder approval on Friday afternoon. Today’s press release did not disclose redemption amounts…
SPACs have merged with 30 electric vehicle companies since June 2020 and they seemed to make for a Thelma and Louise-like pair. EV de-SPACs went on a wild ride punctuated by the likes of QuantumScape (NASDAQ:QS) and Lucid Group (NASDAQ:LCID) hitting highs of $132.73 and $64.86, respectively, but, just a…
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: India’s JetSynthesys in talks to merge with BurTech, Rumble partners with RSBN, and ProSomnus opens new global HQ India’s JetSynthesys Is Said in Talks to Merge With BurTech…
Northern Lights (NASDAQ:NLIT) announced in an 8-K this morning that it had received redemption requests for all but about 83,795 of its shares ahead of its completion, but its backstops have purchased 4,435,608 shares from would-be redeemers that will now stay with the company. It adjourned its initial June 24…
Pono Capital Two, Inc. filed its S-1 earlier this month for $100 million as one of six SPACs that filed to IPO in June. The new SPAC will seek a target in the disruptive technology sector with a spotlight on companies in Asia. More specifically, Pono Capital Two will focus on above-industry-average…
Forest Acquisition Corp. filed its S-1 earlier this month as the second of three Ladenburg Thalmann-underwritten SPACs filed thus far in June. It is the slightly larger SPAC of the three, shooting to raise $66 million, while Ocean Capital Acquisition Corp. is seeking $60 million and Qomolangma for just $50 million. Both Ocean…
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Trump-tied DWAC tumbles following grand jury subpoena and car charging start-up EO opts for private funding Trump-Tied SPAC Tumbles After Disclosing Grand Jury Subpoena Digital World Acquisition Corp. (NASDAQ:DWAC),…
Waldencast Acquisition Corp. (NASDAQ:WALD) announced this morning that it has added $225 million in debt to its combination with beauty brands OBAGI and Milk. This new money comes in the form of a four-year secured first-lien made up of a $175 million term loan and a $50 million revolving loan…
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