Author: Marlena Haddad

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Property Solutions Acquisition Corp. (PSAC) Shareholders Approve Faraday Future Deal

Property Solutions Acquisition Corp.  (NASDAQ:PSAC) announced in a press release  and an 8-K filing that its shareholders approved its combination with electric vehicle (EV) maker Faraday Future in a meeting held earlier this morning. PSAC’s release notes that 99.91% of funds will remain in PSAC’s trust account following the redemption deadline, which should mean roughly
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Ascendant Digital Acquisition Corp. (ACND) Shareholders Approve MarketWise Deal

Ascendant Digital Acquisition Corp.  (NYSE:ACND) announced in a press release that its shareholders approved its combination with leading multi-brand digital subscription services platform MarketWise LLC in a meeting held earlier this morning. The press release did not mention redemption numbers, but ACND traded below $10 throughout its redemption deadline July 16, and opened today at $8.79.
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The Latest SPAC News and Rumors: July 20, 2021


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

Latest SPAC News: New rules for China’s tech companies threatens SPAC deals, and Li-Cycle partners with Univar Solutions OnSite Services


New Listing Rules For China’s Tech Companies Could ‘Dampen’ Appetite For SPAC Deals

A new slate of draft rules announced last week by the Cyberspace Administration of China (CAC) threatens to slow the rate of US listings by Chinese tech companies – and attractiveness of those companies to American investors.

...READ MORE
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Andina Acquisition Corp. III (ANDA) Shareholders Approve Stryve Deal

Andina Acquisition Corp. III  (NASDAQ:ANDA) announced in an 8-K that its shareholders approved its combination with emerging healthy snacking platform Stryve in a meeting held yesterday.

The deal and all other measures up for vote passed nearly unanimously, but 756,896 shares were redeemed in connection with vote, removing an estimated $7.7 million from the Andina III’s trust. ...READ MORE

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FG New America Acquisition Corp. (FGNA) Shareholders Approve OppFi Deal

FG New America Acquisition Corp.  (NYSE:FGNA) announced in a press release today that its shareholders approved its combination with fintech lender Opportunity Financial (OppFi) in a meeting held on July 16. FGNA received elections to redeem approximately 14.8 million of its outstanding public shares, which will leave approximately $91.6 million in its trust account. The
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Omnichannel Acquisition Corp. (OCA) to Combine with Kin Insurance in $1.03B Deal

Omnichannel Acquisition Corp. (NYSE:OCA) has entered into a definitive agreement to combine with insurance technology company Kin Insurance, Inc. at an enterprise value of $1.03 billion, or 15x its 2022E gross profit. Chicago-based Kin is a pure-play direct-to-consumer digital insurer for homeowners and allows customers to insure their home within just minutes. The combined company
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The Latest SPAC News and Rumors: July 19, 2021


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

Latest SPAC News: PropertyGuru nears merger with Bridgetown 2, and Rover booms following lifted COVID rules


PropertyGuru Is Said to Near $1.8 Billion Merger With Thiel SPAC

Singapore’s online real estate firm PropertyGuru Pte is nearing a deal to go public through a merger with Bridgetown 2 Holdings Ltd. ...READ MORE

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The Latest SPAC News and Rumors: July 16, 2021


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

Latest SPAC News: Vinod Khosla says SPACs are a great alternative for tech, and Apollo’s Rowan believes the SPAC ecosystem is here to stay, while Fed’s Powell says it makes the market feel ‘frothy’ 


SPACs Are Great Alternative for Tech: Vinod Khosla

Khosla Ventures co-founder Vinod Khosla discusses the continuing popularity of tech companies deciding to go public via SPACs including Berkshire Grey, warehouse automation company and Khosla Ventures investment recipient. ...READ MORE

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Decarbonization Plus Acquisition Corp. (DCRB) Shareholders Approve Hyzon Deal

Decarbonization Plus Acquisition Corp.  (NASDAQ:DCRB) announced in a press release today that its shareholders approved its combination with hydrogen vehicle-maker Hyzon Motors Inc. in a meeting held earlier this morning.

Approximately 95% of the votes cast on the business combination proposal at the meeting were in favor of the transaction with only 2,089,323 shares opting to redeem at $10.00 per share. ...READ MORE

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Empower Ltd. (EMPW) Shareholders Approve Holley Deal

Empower Ltd.  (NYSE:EMPW) announced in a press release today that its shareholders approved its combination with automotive parts company Holley Intermediate Holdings in a meeting held yesterday morning. The press release did not mention any redemption numbers, but EMPW traded above $10 on its redemption deadline July 12 and opened today at $10.11. The transaction
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GX Acquisition Corp. (GXGX) Shareholders Approve Celularity Group Deal

GX Acquisition Corp.  (NASDAQ:GXGX) announced in an 8-K filing this morning that its shareholders approved its combination with clinical stage biotech firm Celularity in a meeting earlier this morning. Shareholders redeemed 9,174,705 share in connection with the vote, however, removing about $93.6 million (about 73%) from its $128 million trust. This is the latest in
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