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Second Quarter & First Half of 2022 ReviewAn In-Depth Look at the First Half of 2022 SPAC Activity As we reach the halfway point of the year, we take a wide-ranged look at the overall activity seen throughout the first and second quarters of 2022. There have been many developments throughout the first half of 2022, including…
- The Latest SPAC News and Rumors: July 1, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: eToro to abandon Fintech V deal, NYSE pitches US listings to Middle Eastern tech firms, and experts say lack of education threatens future of SPACs in UAE Israel…
- SPAC Lock-Up Expirations to Watch in July
The month of July is about to have 16 company and 19 sponsor lock-ups coming to an end. This makes for a less eventful month than June, which saw 26 company and 31 sponsor lock-ups expire, but this nonetheless includes several notable de-SPACs. It is also also perhaps less likely…
- Energy Vault (NRGV) Announces Redemption of Warrants
Energy Vault (NYSE: NRGV) announced this morning that it will be redeeming its outstanding warrants for shares. Warrantholders have until 5 pm EST on Monday, August 1 to exercise their warrants and any warrants that remain unexercised immediately after the deadline will be void and no longer exercisable. Under the…
USHG Acquisition Corp. (HUGS) Discontinues Panera Brands PartnershipUSHG (NYSE:HUGS) announced this morning that it would not extend an agreement to partner in an IPO for restaurant operator Panera announced in November. Always something of an oddity, USHG’s plan bore some semblance to Pershing Square Tontine’s (NYSE:PSTH) bid to join in Universal Music’s (AS:UMG) Amsterdam IPO. Pershing Square’s…
G3 VRM Acquisition Corp. (GGGVU) to Liquidate TrustG3 VRM Acquisition Corp. (NASDAQ:GGGVU) announced this morning that it will dissolve and liquidate its trust. Following the close of business on July 6, public shares will be cancelled and will represent only the right to receive the redemption amount of $10.15, at which time the G3 VRM anticipates that…
- North Atlantic (NAAC) Terminates TeleSign Deal
North Atlantic (NASDAQ:NAAC) announced this afternoon that it has mutually terminated its combination agreement with communications platform Telesign, effective immediately. Similar to a handful of other SPACs we’ve seen, North Atlantic cited current market conditions as the root of the termination. CEO of North Atlantic Gary Quin stated in the…
Kismet Acquisition Two Corp. (KAII) Sponsor Sells Entire Interest to QuadroKismet Two (NASDAQ:KAII) has sold all of its sponsor economics to Quadro Sponsor LLC, including 6,250,000 promote shares and 4,400,000 warrants. The new sponsor will be led by Dimitri Elkin who is signing on as CEO and will also serve as the company’s principal financial and accounting officer. The SPAC’s…
- Top 3 SPAC Targets – Music
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the music industry. We look at why they are compelling and why each could be a fit for a blank-check merger. With the rise of streaming, fewer and fewer people are…
- BurTech (BRKH) & Chavant Capital (CLAY) Announce Non-Binding LOIs
BurTech Acquisition Corp. (NASDAQ:BRKHU) and Chavant Capital (NASDAQ:CLAYU) both announced this afternoon that they have signed non-binding letters of intent ahead of the long weekend. BurTech’s 8-K referenced a Bloomberg news article that was published earlier this week which disclosed its non-binding LOI with Indian digital entertainment and technology company…
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