The Latest SPAC News and Rumors: July 28, 2022

Jul 28, 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: Semantix highlights achievements in first half of 2022, DPCM announces quantum computing audio feature, and Harley-Davidson delivers second quarter results

Semantix Highlights Achievements in First Half of 2022

Semantix, Latin America’s first fully integrated data platform, announced today that the company has seen significant business momentum in the first half of 2022. ...READ MORE

Brookline Capital (BCAC) Shareholders Approve Apexigen Deal

Jul 28, 2022 INTEL by Marlena Haddad

Brookline Capital (NASDAQ:BCAC) announced in an 8-K this morning that its shareholders approved its combination with Apexigen at a special meeting July 27.

The filing did not include redemption figures, but the transaction also did not have a minimum cash condition beyond listing requirements. ...READ MORE

Duddell Street (DSAC) Shareholders Approve FiscalNote Deal

Jul 27, 2022 INTEL by Marlena Haddad

Duddell Street (NASDAQ:DSAC) announced this afternoon that its shareholders approved its combination with legal and regulatory data provider FiscalNote at a special meeting held earlier today.

The press release did not provide details on redemption amounts, but DSAC traded above its trust value of $10 throughout its redemption deadline, July 25. ...READ MORE

SCVX Corp. (SCVX) to Liquidate Trust

Jul 27, 2022 INTEL by Marlena Haddad

SCVX Corp. (NYSE:SCVX) announced this afternoon that it will be redeeming all outstanding shares and liquidating its trust, effective as of August 11, 2022.

SCVX originally had 24 months on its transaction timeline to complete a business combination. ...READ MORE

The Latest SPAC News and Rumors: July 27, 2022

Jul 27, 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: SomaLogic acquires DNA nanotech leader Palamedrix and Faraday Future delays launch of its electric vehicle

SomaLogic acquires DNA nanotechnology leader Palamedrix to develop the next-generation SomaScan Assay

SomaLogic (NASDAQ: SLGC), a leader in AI data-driven proteomics technology, today announced it entered into an agreement to acquire Palamedrix, Inc., ...READ MORE

The Latest SPAC News and Rumors: July 26, 2022

Jul 26, 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: Ginkgo Bioworks to acquire Zymergen, Falcon’s Beyond partners with BRON Studios, and Jupiter Wellness announces repayment agreement with Benuvia

Ginkgo to Acquire Zymergen

Today, Ginkgo Bioworks (NYSE: DNA) — the leading horizontal platform for cell programming — and the biotechnology company Zymergen (Nasdaq: ZY) announced they have entered into a definitive agreement under which Ginkgo will acquire Zymergen in an all-stock transaction that values Zymergen at an approximately $300 millionmarket capitalization. ...READ MORE

Ventoux CCM (VTAQ) Revises Presto Deal Terms

Jul 26, 2022 INTEL by Marlena Haddad

Ventoux CCM Acquisition Corp. (NASDAQ:VTAQ) announced this morning they have revised the deal terms in connection with its business combination with restaurant management software provider Presto. As a result of the revised merger terms, Presto now reflects a lower pre-money equity valuation of $525 million, down from $800 million. Notably, the PIPE has been amended with
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DHC Acquisition Corp. (DHCA) to Combine with GloriFi in $1.7B Deal

Jul 26, 2022 INTEL by Marlena Haddad

DHC Acquisition Corp. (NASDAQ:DHCA) has entered into a definitive agreement to combine with financial services firm GloriFi at an enterprise value of $1.7 billion. Dallas,Texas-based GloriFi is developing a comprehensive suite of financial services including credit cards, digital banking products, insurance, mortgage, and brokerage services with perks and benefits linked to conservative causes. The combined
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Waldencast Acquisition Corp. (WALD) Shareholders Approve OBAGI and Milk Deal

Jul 26, 2022 INTEL by Marlena Haddad

Waldencast Acquisition Corp. (NASDAQ:WALD) announced in an 8-K that its shareholders approved its combination with beauty brands OBAGI and Milk at a special meeting July 25.

In connection with the vote, 30,021,946 shares (87%) were redeemed, removing about $301 million from its trust. ...READ MORE

Abri SPAC I (ASPA) Terminates Apifiny Deal

Jul 25, 2022 INTEL by Marlena Haddad

Abri SPAC I, Inc. (NASDAQ: ASPA) announced this afternoon that it has mutually terminated its combination with blockchain technology company Apifiny Group.

Abri I intends to seek an alternative business combination. ...READ MORE

The Latest SPAC News and Rumors: July 25, 2022

Jul 25, 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: Martin Franklin in talks to list new SPAC in London, Wag!

DUET Acquisition Corp. (DUET) to Combine with AnyTech365 in $287M Deal

Jul 25, 2022 INTEL by Marlena Haddad

DUET Acquisition Corp. (NASDAQ:DUET) has entered into a definitive agreement to combine with IT security and support firm AnyTech365 at an enterprise value of $287 million. Marbella, Spain-based AnyTech365 provides subscription-based technical support as a service (“TSaaS”) to end users and small businesses. The combined company is expected to trade on the Nasdaq under the ticker
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Gobi Acquisition Corp. (GOBI) to Liquidate Trust

Jul 22, 2022 INTEL by Marlena Haddad

Gobi Acquisition Corp. (Nasdaq:GOBI) announced this afternoon that its shareholders have approved its move to shrink its timeline and the SPAC now intends to liquidate its trust.

The Trust Amendment Proposal was overwhelmingly approved with 30,526,358 shares in favor of changing the date of the liquidation with just 783 shares against it. ...READ MORE

Aries I Acquisition Corp. (RAM) Extends Outside Date

Jul 21, 2022 INTEL by Marlena Haddad

Aries I Acquisition Corp. (NASDAQ:RAM) announced in an 8-K filing this afternoon that it has extended its outside date and increased its equity value in connection to its business combination with metaverse infrastructure platform, InfiniteWorld. ...READ MORE

New SPAC: Whale Point Acquisition Corp. Files for $150M IPO

Jul 21, 2022 INTEL by Marlena Haddad

Whale Point Acquisition Corp. filed its S-1 yesterday afternoon for a $150 million IPO. Interestingly, Whale Point is only the second SPAC to file for an IPO in July. The new SPAC intends to pursue an initial business combination with a target in the fintech sector including banktech, proptech, insurtech and other technology-enabled platforms serving the
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The Latest SPAC News and Rumors: July 21, 2022

Jul 21, 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: FaZe Clan goes public in $725 million SPAC

FaZe Clan goes public in $725 million SPAC, but Gen Z creator economy stock sinks in debut

Digital entertainment and esports brand FaZe Clan (NASDAQ:FAZE) began trading on the Nasdaq Wednesday after completing a SPAC merger with B. ...READ MORE

The Latest SPAC News and Rumors: July 20, 2022

Jul 20, 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: Frazier SPAC mulls merger with NewAmsterdam Pharma, Turkish mobility app Marti’s IPO announcement imminent, and leverage craze brings new ETF targeting SPACs

Frazier SPAC Is in Talks to Merge With NewAmsterdam Pharma

NewAmsterdam Pharma BV, a biotechnology company that aims to treat metabolic diseases, is in talks to go public through a merger with blank-check firm Frazier Lifesciences Acquisition Corp.(NASDAQ:FLAC), ...READ MORE

CC Neuberger II (PRPB) Shareholders Approve Getty Images Deal

Jul 20, 2022 INTEL by Marlena Haddad

CC Neuberger Principal Holdings II (NYSE:PRPB) announced this morning that its shareholders approved its combination with visual content marketplace Getty, at a special meeting July 19.

The parties did not disclose redemption figures in either their press release or initial 8-K on the vote. ...READ MORE

East Resources Acquisition Company (ERES) Announces LOI

Jul 19, 2022 INTEL by Marlena Haddad

East Resources Acquisition Company (NASDAQ:ERES) announced this afternoon that it has signed a non-binding letter of intent (LOI) to combine with a vertically integrated alternative asset manager.

The SPAC did not provide a name of the asset manager, but noted that the target specializes in insurance products, with a focus on origination, asset management, valuation and servicing. ...READ MORE

Aesther Healthcare (AEHA) Terminates United Gear Deal

Jul 19, 2022 INTEL by Marlena Haddad

Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) announced this afternoon that it has mutually terminated its combination agreement with automotive component manufacturer United Gear & Assembly.

The termination comes just two weeks after AEHA secured a common stock purchase agreement and not even two months after deal announcement. ...READ MORE

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: Semantix highlights achievements in first half of 2022, DPCM announces quantum computing audio feature, and Harley-Davidson delivers second quarter results

Semantix Highlights Achievements in First Half of 2022

Latest SPAC News: SomaLogic acquires DNA nanotech leader Palamedrix and Faraday Future delays launch of its electric vehicle

SomaLogic acquires DNA nanotechnology leader Palamedrix to develop the next-generation SomaScan Assay

Latest SPAC News: Ginkgo Bioworks to acquire Zymergen, Falcon’s Beyond partners with BRON Studios, and Jupiter Wellness announces repayment agreement with Benuvia

Ginkgo to Acquire Zymergen

Latest SPAC News: Martin Franklin in talks to list new SPAC in London, Wag!

Latest SPAC News: FaZe Clan goes public in $725 million SPAC

FaZe Clan goes public in $725 million SPAC, but Gen Z creator economy stock sinks in debut

Latest SPAC News: Frazier SPAC mulls merger with NewAmsterdam Pharma, Turkish mobility app Marti’s IPO announcement imminent, and leverage craze brings new ETF targeting SPACs

Frazier SPAC Is in Talks to Merge With NewAmsterdam Pharma