The Latest SPAC News and Rumors: August 8, 2022

Aug 8, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Novibet announces agreement with Caesars Entertainment and Hyzon Motors falls after disclosing financial troubles

Novibet Provides Updates on North America Expansion Strategy Including Recent Agreement With Caesars Entertainment Granting Company New Jersey Market Access for iGaming and Online Sports Betting

Logflex MT Holding Limited (doing business as Novibet), an established, profitable, iGaming and Online Sportsbook provider operating in several countries across Europe, today provided an update on its progress toward furthering its North America expansion strategy. ...READ MORE

DPCM Capital (XPOA) Shareholders Approve D-Wave Systems Deal

Aug 5, 2022 INTEL by Marlena Haddad

DPCM Capital (NYSE:XPOA) announced in a press release this afternoon that its shareholders have approved its combination with quantum computing firm D-Wave Systems at a special meeting held August 2.

But, the SPAC’s 8-K filing disclosed that stockholders holding 29,097,787 shares of Class A Common Stock exercised their right to redeem for a pro rata portion of the funds in DPCM’s trust account. ...READ MORE

New SPAC: Global Star Acquisition, Inc. Files for $80M IPO

Aug 5, 2022 INTEL by Marlena Haddad

Global Star Acquisition, Inc. (NASDAQ:GLSTU) filed its S-1 last Friday for an $80 million IPO, marking the fifth and final SPAC to file for an IPO in July. The new SPAC intends to focus its efforts on middle market fintech and proptech businesses that offer technology solutions, broader technology software, services or products to the financial services
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The Latest SPAC News and Rumors: August 5, 2022

Aug 5, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: SPACs remain hotter than IPOs, Arrival halts electric bus and car projects, and WeWork posts smaller loss as office occupancy grows

SPACs remain hotter than IPOs

Fintech firm Seamless, which agreed to go public at an implied $400 million valuation via a SPAC called INFINT Acquisition Corp. ...READ MORE

Pono Capital Two, Inc. (PTWOU) Prices $100M IPO

Aug 4, 2022 IPOs by Marlena Haddad

Pono Capital Two priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PTWOU” Friday, August 5, 2022.

The new SPAC will focus its efforts on identifying a category defining company that is leveraging technology in large, growing, or established markets led by exceptional management teams, particularly in Japan. ...READ MORE

The Latest SPAC News and Rumors: August 4, 2022

Aug 4, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Nikola stands by 2022 electric big rig goal, Nauticus Robotics announces contract with Shell, and InfiniteWorld acquires Super Bit Machine

Nikola Stands by 2022 Electric Big Rig Goal as Sales Climb

Nikola Corp. ...READ MORE

Colonnade Acquisition Corp. II (CLAA) to Combine with Plastiq in $480M Deal

Aug 4, 2022 INTEL by Marlena Haddad

Colonnade Acquisition Corp. II (NYSE: CLAA) has entered into a definitive agreement to combine with payment platform Plastiq at an enterprise value of $480 million, or 6.4x 2022E net revenue of $75 million. San Fransisco-based Plastiq enables small and midsize business (SMB) to scale faster with easy access to working capital, freedom of choice in B2B payments,
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Mobiv Acquisition Corp. (MOBVU) Prices $87M IPO

Aug 3, 2022 IPOs by Marlena Haddad

Mobiv Acquisition Corp. priced its $87 million IPO and its units are expected to begin trading on the NASDAQ under the symbol “MOBVU” Thursday, August 4, 2022.

The new SPAC will focus its efforts on acquiring a technology company that is driving its growth in the electric vehicle (“EV”) and urban “smart” mobility industry including adjacent businesses in the sustainable transportation and related ecosystem. ...READ MORE

The Latest SPAC News and Rumors: August 3, 2022

Aug 3, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Forbes explores sale months after terminating SPAC deal and Interra refiles for Hong Kong listing

Forbes explores sale, hires Citigroup as banker

Forbes said on Tuesday it was exploring a sale of its business and had hired Citigroup to manage the process, months after it pulled out of a deal to go public through a SPAC. ...READ MORE

L&F Acquisition Corp. (LNFA) Shareholders Approve ZeroFox Deal

Aug 2, 2022 INTEL by Marlena Haddad

L&F (NYSE:LNFA) announced in an 8-K filing this afternoon that its shareholders have approved its combination with cybersecurity firm ZeroFox at a special meeting held earlier today.

A total of 7,056,469 ordinary shares were present in person at today’s meeting, representing 91.19% of the voting power of LNFA’s ordinary shares.

Alpha Capital (ASPC) Shareholders Approve Semantix Deal

Aug 2, 2022 INTEL by Marlena Haddad

Alpha Capital (NASDAQ:ASPC) announced in a press release this afternoon that its shareholders have approved its combination with data software platform Semantix at a special meeting held earlier today.

The press release did not include redemption figures, but Alpha’s $93.6 million PIPE alone is sufficient to satisfy the deal’s $85 million minimum cash condition. ...READ MORE

The Latest SPAC News and Rumors: August 2, 2022

Aug 2, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Lidar maker Innoviz wins $4 billion Volkswagen contract

Israeli lidar maker Innoviz wins $4 billion Volkswagen contract for millions of sensors

Israeli lidar maker Innoviz (NASDAQ:INVZ) announced Tuesday it has won a contract to supply lidar units and related software for autonomous driving to a unit of Volkswagen, in a deal worth $4 billion in sales over eight years. ...READ MORE

The Latest SPAC News and Rumors: August 1, 2022

Aug 1, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Nikola buys Romeo Power for 11% of SPAC valuation, Morgan Stanley’s top SPAC banker exits for Elliott, and SeaStar Medical reports successful treatment

Nikola Buys Romeo Power for 11% of Battery Maker’s SPAC Valuation

Nikola Corp. ...READ MORE

Galata Acquisition Corp. (GLTA) to Combine with Marti in $532M Deal

Aug 1, 2022 INTEL by Marlena Haddad

Galata Acquisition Corp. (NYSE: GLTA) has entered into a definitive agreement to combine with Turkish mobility app Marti at an enterprise value of $532 million, or 4.2x 2023 fully deployed net revenue of $125 million. Istanbul, Turkey-based Marti operates a fleet of over 46,000 e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure. The
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ACE Convergence (ACEV) Files Changes to Tempo/Compass Deal

Jul 29, 2022 INTEL by Marlena Haddad

ACE Convergence (NASDAQ:ACEV) announced this afternoon that its target, electronics manufacturer Tempo Automation, has terminated its merger agreement with Compass Diversified Holdings (NYSE: CODI).

Concurrent with the business combination, Tempo had originally planned to acquire 100% of the issued and outstanding equity interests in Compass AC Holdings, Inc. ...READ MORE

Mountain Crest III (MCAE) Terminates PIPE

Jul 29, 2022 INTEL by Marlena Haddad

Mountain Crest III (NASDAQ:MCAE) announced this afternoon that a PIPE investor will terminate its $250 million investment in connection to its proposed merger with healthcare group ETAO.

The investor, SME Investment Group Co., ...READ MORE

New SPAC: Cetus Capital Acquisition Corp. Files for $60M IPO

Jul 29, 2022 INTEL by Marlena Haddad

Cetus Capital Acquisition Corp. (NASDAQ:CETSU) filed its S-1 Thursday morning for a $60 million IPO, marking the fourth SPAC to file for an IPO in July. Cetus has set its sights on acquiring a target business in the industrials, information technology and Internet-of-Things industries with a total enterprise value ranging from $200 million to $1 billion.
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The Latest SPAC News and Rumors: July 29, 2022

Jul 29, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Playtech no longer pursuing SPAC deal with Caliente and NewAmsterdam Pharma doses first patient in phase 3 trial

Playtech says no longer pursuing SPAC deal for unit of peer Caliente

UK gambling software provider Playtech said on Friday it had stopped pursuing talks with Caliente Interactive for the Mexican sports betting firm’s unit Caliplay to list publicly in the United States via a SPAC deal, citing weak capital market conditions. ...READ MORE

CHW Acquisition Corp. (CHWA) Shareholders Approve Wag Deal

Jul 28, 2022 INTEL by Marlena Haddad

CHW Acquisition Corp. (NASDAQ:CHWA) announced in a press release this afternoon that its shareholders have approved its combination with dog-care service platform Wag at a special meeting held earlier today.

A total of 13,050,501 ordinary shares, or 83.19% of CHW Acquisition Corporation’s issued and outstanding ordinary shares, were present at today’s meeting. ...READ MORE

New SPAC: PROTONIQ Acquisition Corp. Files for $100M IPO

Jul 28, 2022 INTEL by Marlena Haddad

PROTONIQ Acquisition Corp. (NASDAQ:PROQ) filed its S-1 yesterday afternoon for a $100 million IPO, marking the third SPAC to file for an IPO in July. The SPAC has chosen to set its sights on companies globally, with a particular focus on opportunities in the Asia-Pacific (APAC) region. This SPAC intends to concentrate its efforts on identifying
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Upcoming Events

August 10, 2022
- QFTAQuantum FinTech Acquisition Corporation Shareholder Vote to Complete (Prelim Proxy/S-4 Linked)
  Vote Date: TBD
  Redemption Deadline: TBD
  Record Date: TBD
  ** Can extend 6 months if executed LOI or DA More details »
- NOVVNova Vision Acquisition Corp. Completion Deadline
  ** Can extend 3 months if LOI or DA executed, can extend an additional 6 months (2x for 3-months each) by contributing $0.10 per share to trust (no extensions taken to-date)
August 11, 2022
- SCVX (Liquidation Date)SCVX Corp. Liquidation Date (Press Release Linked)
  **Redemption value expected to be $10.03 More details »
- INKAKludeIn I Acquisition Corp. Extended Deadline
  Vote Date: TBD
  Redemption Deadline: TBD
  Record Date: TBD
  Contribution to Trust to extend: Can extend 6x for 1 month each for $0.033/Share
- VCKAVickers Vantage Corp. I Shareholder Vote to Complete (Prelim Proxy/S4 Linked)
  Vote Date: TBD
  Redemption Deadline: TBD
  Record Date: TBD
  *Contribution to trust to extend to 1/11/23: $0.033 per share per month
  ** Can Extend 2x for 3 months each for $0.075 to trust (Two extensions taken to-date) More details »
- VENAVenus Acquisition Corp. Shareholder Vote to Complete (Prelim Proxy/S4 Linked)
  Vote Date: TBD
  Redemption Deadline: TBD
  Record Date: TBD
  **Can extend 9x for one month each by contributing $0.033 per share to trust (five extensions taken to-date) More details »
- DKDCData Knights Acquisition Corp. Shareholder Vote to Complete (Prelim Proxy/S4 Linked)
  Vote Date: TBD
  Redemption Deadline: TBD
  Record Date: TBD
  **Can extend 2x for 3 months each by contributing $0.10 per share to trust (one extension taken to-date) More details »
August 12, 2022
- ADOCEdoc Acquisition Corp. Shareholder Vote to Complete (Prelim Proxy/S4 Linked)
  Vote Date: TBD
  Redemption Deadline: TBD
  Record Date: TBD
  ** Can Extend 2x for 3 months each with no contribution to trust (two extension taken to-date). No additional contribution after 5/12/22. More details »
- RAM (EXTENSION VOTE)Aries I Acquisition Corporation Shareholder Vote to Extend to August 21, 2023 (Def Proxy Linked)
  Vote Date: August 12, 2022
  Redemption Deadline: August 10, 2022
  Record Date: July 27, 2022
  *Contribution to Trust to Extend to 8/21/23: Only the remaining $0.075 per share extension to 11/21/22.
  **Can extend deadline 2x by 3 months each by contributing $0.075 per share to trust (one extension taken to-date) More details »
- ASPAAbri SPAC I, Inc. Completion Deadline
  Vote Date: TBD
  Redemption Deadline: TBD
  Record Date: TBD
  ** Can extend 2x for 3 months each by contributing $0.10 per share to trust (no extensions taken to-date) More details »
- PONUPono Capital Corp Completion Deadline
  ** Can extend 2x for 3-months each by contributing $0.10 per share to trust (no extensions taken to-date)
- ADOC (EXTENSION VOTE)Edoc Acquisition Corp. Shareholder Vote to Extend to February 12, 2023 (Def Proxy/S4 Linked)
  Vote Date: August 12, 2022
  Redemption Deadline: August 10, 2022
  Record Date: July 18, 2022
  * Contribution to Trust to extend to 2/12/23: $0.033 per month per share (x3) to 11/12/22; Increased to $0.05 per month per share (x3) to 2/12/23.
  ** Can Extend 2x for 3 months each with no contribution to trust (two extension taken to-date). No additional contribution after 5/12/22. More details »

Author: Marlena Haddad

Latest SPAC News: Novibet announces agreement with Caesars Entertainment and Hyzon Motors falls after disclosing financial troubles

Novibet Provides Updates on North America Expansion Strategy Including Recent Agreement With Caesars Entertainment Granting Company New Jersey Market Access for iGaming and Online Sports Betting

Latest SPAC News: SPACs remain hotter than IPOs, Arrival halts electric bus and car projects, and WeWork posts smaller loss as office occupancy grows

SPACs remain hotter than IPOs

Latest SPAC News: Nikola stands by 2022 electric big rig goal, Nauticus Robotics announces contract with Shell, and InfiniteWorld acquires Super Bit Machine

Nikola Stands by 2022 Electric Big Rig Goal as Sales Climb

Latest SPAC News: Forbes explores sale months after terminating SPAC deal and Interra refiles for Hong Kong listing

Forbes explores sale, hires Citigroup as banker

Latest SPAC News: Lidar maker Innoviz wins $4 billion Volkswagen contract

Israeli lidar maker Innoviz wins $4 billion Volkswagen contract for millions of sensors

Latest SPAC News: Nikola buys Romeo Power for 11% of SPAC valuation, Morgan Stanley’s top SPAC banker exits for Elliott, and SeaStar Medical reports successful treatment

Nikola Buys Romeo Power for 11% of Battery Maker’s SPAC Valuation

Latest SPAC News: Playtech no longer pursuing SPAC deal with Caliente and NewAmsterdam Pharma doses first patient in phase 3 trial

Playtech says no longer pursuing SPAC deal for unit of peer Caliente