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The Latest SPAC News and Rumors: October 4, 2022

 


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

Latest SPAC News: Redwire back on acquisition trail with deal for QinetiQ Space and Footprint showcases development of plant-based recyclable packaging for Gillette


Redwire back on acquisition trail with deal for QinetiQ Space

British defense firm QinetiQ is selling its Belgian commercial satellite systems division to Redwire, a U.S.-based ...READ MORE

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Altitude Acquisition Corp. (ALTU) Teases $480 Million Deal

Altitude Acquisition Corp. (NASDAQ:ALTU) announced this morning that it has entered into negotiations to combine with a global medical device manufacturer that would value the deal at $480 million.

The potential target remains unnamed, but Altitude did disclose that the company is a leader in the medical device field and has a product that is commercially available and approved for use in over 30 countries. ...READ MORE

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Austerlitz I and II (AUS, ASZ) File to Liquidate Early

Austerlitz I (NYSE: AUS) and Austerlitz II (NYSE: ASZ) both filed proxies this afternoon stating that their sponsors are seeking shareholder approval to liquidate early.

The sponsors, Cannae Holdings, Inc. (NYSE: CNNE) and Trasimene Capital Management, believe that a completion of a suitable merger is highly unlikely, and it would be in the shareholders’ best interests to return the cash in trust in 2022 rather than wait for expiration in 2023. ...READ MORE

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LanzaTech Secures $500M Partnership for AMCI II (AMCI) Deal

AMCI II (NASDAQ:AMCI) target LanzaTech, an innovative Carbon Capture and Transformation (“CCT”) company, announced this morning that it has secured a $500 million partnership for its proposed business combination.

The sustainable materials-maker will partner with Brookfield Renewable, and its institutional partners, to co-develop and build new commercial-scale production plants that will utilize LanzaTech’s CCT technology. ...READ MORE

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The Latest SPAC News and Rumors: September 30, 2022

 


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

Latest SPAC News: Billtrust surges on go-private deal, and Robinhood trader ‘deceived’ by Nikola founder snubs SEC filings


FinTech IPO Index Flat as Billtrust Surges on Go-Private Deal

Tech stocks have had a reckoning in the past several days — a rally proved short lived, a blip. ...READ MORE

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Magnum Opus (OPA) to Combine with Asia Innovations

Magnum Opus (NYSE:OPA) has entered into a definitive agreement to combine with consumer internet company Asia Innovations Group Limited (“ASIG”) at an equity valuation of $2.5 billion. Singapore-based Asia Innovations is a mobile social company serving over 400 million registered users located in over 150 countries and regions worldwide. The combined company is expected to trade under
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IPO-Pricing

dMY Squared Technology Group, Inc. (DMYY.U) Prices Downsized $60M IPO

Sep 29, 2022 IPOs by Marlena Haddad

dMY Squared Technology Group, Inc. priced its downsized $60 million IPO and its units are expected to begin trading on the NYSE under the symbol “DMYY.U” Friday, September 30, 2022.

The new SPAC intends to focus its efforts on companies within the professional service industry that provide accounting, legal, financial, advisory or other services to public companies or private companies that are in the process of becoming public companies with enterprise valuations in the range of $500 million to $2 billion. ...READ MORE

IPO-Pricing

Chardan NextTech 2 (CNTQ) Secures $75M Loan for Dragonfly Deal

Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ) announced this afternoon that it has secured a $75 million loan for its combination with energy storage firm Dragonfly Energy.

The parties entered into a debt commitment letter with CCM Investments 5 LLC, an affiliate of Chardan Capital Markets, and EICF Agent LLC, for a $75 million senior secured term loan facility concurrently with the closing under the business combination agreement. ...READ MORE

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The Latest SPAC News and Rumors: September 29, 2022

 


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

Latest SPAC News: Polestar teases new details about electric SUV, Gogoro secures $345M loan, and Jupiter Wellness announces application for dual listing on Upstream


Polestar teases new details about its electric SUV ahead of October 12th launch

The Polestar 3, the aptly named third vehicle from the Swedish EV company, will be officially unveiled October 12th at an event in Copenhagen, the company announced. ...READ MORE

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The Latest SPAC News and Rumors: September 28, 2022

 


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

Latest SPAC News: Cineplex asks Cineworld lenders to consider merger, German government aims to improve framework for SPACs, and Jupiter Wellness announces notice of allowance for Minoxidil Adjuvant Therapies patent


Cineplex Asks Cineworld Lenders to Consider US Merger, WSJ Says

Canadian theater chain Cineplex Inc. ...READ MORE

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The Latest SPAC News and Rumors: September 27, 2022

 


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

Latest SPAC News: Bitdeer debuts fund targeting distressed miners, Harley-Davidson EV unit LiveWire’s shares rise 24%


Crypto Tycoon’s Bitdeer Debuts Fund Targeting Distressed Miners

Chinese crypto billionaire Jihan Wu is setting up a $250 million fund to buy distressed assets from Bitcoin miners, as the industry reels from this year’s steep drop in digital-asset prices. ...READ MORE