CF Acquisition Corp. V (NASDAQ:CFV) announced in a press release this morning that it has adjourned its special meeting to vote on its combination with orbital imagery company Satellogic.
This marks the third time CFV has adjourned the shareholder meeting citing it still needs additional time to continue discussions regarding further financing for the post-combination company. The SPAC originally adjourned its meeting on December 8, before moving it to December 20 and adjourning it once again. The meeting will now be held on Monday, January 24, 2022, at 11:00 a.m. EST.
CFV has an estimated $250 million held in trust and had secured a PIPE at combination announcement of $100 million from investors including SoftBank’s SBLA Advisers Corp. and Cantor Fitzgerald. There is a minimum cash closing condition to this transaction of $225 million as well.
The parties initially announced their $850 million combination on July 6. Buenos Aires-based Satellogic provides orbital imagery and analysis services with 17 satellites in operation around the Earth.
ADVISORS
- J.P. Morgan is serving as exclusive financial advisor to Satellogic.
- Friedman Kaplan Seiler & Adelman LLP and Greenberg Traurig LLP serving as legal counsel to Satellogic.
- Cantor Fitzgerald & Co. is serving as financial advisor and capital markets advisor to CFAC V as well as placement agent on the PIPE
- Hughes Hubbard & Reed LLP serving as legal counsel to CFAC V.
Terms Tracker for the Week Ending August 1, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week, we end the month of July with 13 IPOs priced (plus one already on the books for August) bringing the year-to-date total to...
Evolution Global (NASDAQ:EVOXU) has filed for a $150 million SPAC to hunt for a domestic critical materials target just as the trade war heats up again. With this final S-1 filing of July, underwriter Cohen & Company put a pin in the new SPAC generation for the month. This brought July’s new SPAC filings to...
In July 2025, the SPAC market continued to show signs of resilience, even as shareholder activity moderated slightly from the previous month. Extension votes remained steady, with most proposals approved and many SPACs still early in their extension cycles. Although only one business combination received shareholder approval, four deals were ultimately completed during the month,...
At the SPAC of Dawn Just when the market thought it might have had a handle on this year’s sources of uncertainty, tariffs have once again returned to complicate the picture. The “reciprocal” tariffs announced and then postponed by the Trump administration are set to snap back in to force on August 7. For some...
HCM III Acquisition Corp. (NASDAQ:HCMAU) announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HCMAU”, Friday, August 1, 2025. The new SPAC intends to focus on identifying businesses which provide disruptive technology or innovations within the financial services industry. HCM III is led...