Below is a summary of SPAC performance in 2022 year-to-date.
Now that the third quarter of 2022 has come to a close, we take a look back at year-to-date activity. ...READ MORE
Liberty Media Acquisition Corp. (Nasdaq: LMAC) filed a proxy this afternoon for a shareholder vote to liquidate early. Liberty Media’s current completion deadline is January 26, 2023, but today’s filing is asking shareholders to approve an amendment that would allow the Board to change the date to no later than December 30, 2022. ...READ MORE
Digital World (NASDAQ:DWAC) revealed in an 8-K filed this afternoon that $138.5 million worth of investors in their $1 billion PIPE have opted to not participate going forward.
The original $1 billion convertible preferred had an Outside Date of September 20, 2022, at which time any of the PIPE investors could terminate their respective subscription agreements. ...READ MORE
This week, we speak with Len Liptak, CEO of ProSomnus Sleep Technologies, which announced a $168 million combination with Lakeshore Acquisition I Corp. (Nasdaq: LAAA), in May.
ProSomnus has developed a new device to treat obstructive sleep apnea that disrupts the need for its millions of sufferers to be connected to ventilators at night. ...READ MORE
Digital World (NASDAQ:DWAC) has once again adjourned its special meeting held this afternoon without finalizing its shareholder vote to amend its extension timeline to complete its combination with Trump Media (TMTG). ...READ MORE
This week, we speak with real estate investment marketplace Appreciate, which announced a $416 million deal with PropTech Investment Corp II (Nasdaq: PTIC) in May.
CEO Chris Laurence and President Kevin Ortner explain how they built a unique end-to-end platform for real estate investors looking to buy properties to rent out far afield from their local market, be they institutions or moms and pops. ...READ MORE
Digital World (NASDAQ:DWAC) has adjourned its special meeting held this afternoon without finalizing its shareholder vote to extend its timeline to complete its combination with Trump Media (TMTG).
The SPAC, which currently has a deadline of September 8, is asking stockholders to consider amending the company’s amended and restated certificate of incorporation to extend the period of time for completing a business combination up to four times, each by an additional three months, for an aggregate of 12 additional months or such earlier date as determined by the Board of Directors. ...READ MORE
This week, we speak with Raj Suri, Founder and CEO of Presto. Presto entered into a $634 million combination agreement with Ventoux CCM Acquisition Corp. (NASDAQ:VTAQ) in November 2021.
If you’ve ordered a fast-food meal using a smart touch screen or talking to a voice AI recently, there’s a good chance Presto made that order happen. ...READ MORE
We spoke with Stuart Landesberg, Founder and CEO of Grove Collaborative (NYSE:GROV). Grove produces a line of sustainable and plastic-free home and personal care goods and it closed a $1.5 billion combination with Virgin Group Acquisition Corp. ...READ MORE
This week, we speak with Jan-Christopher Nugent, Co-Founder and CEO of Nogin and Jon Huberman, Chairman, CEO and CFO of Software Acquisition Group Inc. III (Nasdaq: SWAG). The two announced a $658 million combination agreement in February of 2022. ...READ MORE
This week we speak with Scott Ford, CEO and Co-Founder of Westrock Coffee.
Westrock entered into a $1.1 billion combination agreement with Riverview Acquisition Corp. (Nasdaq: RVAC) in April of 2022, and has grown into the #1 wholesale provider of coffee and tea to US restaurants. ...READ MORE
Breeze Holdings Acquisition Corp. (NASDAQ:BREZ) announced late this afternoon that it has mutually terminated its combination with space logistics firm D-Orbit.
Tellingly, Breeze and D-Orbit cited market conditions as the reason for termination, which has become a common refrain for the SPAC market. ...READ MORE
This week, we speak with Dr. Denis Phares, CEO of Dragonfly Energy and Jonas Grossman, CEO and President of Chardan NexTech Acquisition 2 Corp. (Nasdaq: CNTQ). The two announced a $501 million combination agreement in May. ...READ MORE
It’s one thing to negotiate with a target company, but quite another when you have to negotiate with your own team. For Anzu Special Acquisition Corp. I (NASDAQ:ANZU), which filed an 8-K this afternoon, it appears that internal disagreements in regards to strategy have resulted in the loss of their CFO, General Counsel & Secretary, Chairman of the Board, and a Director, all of which have resigned. ...READ MORE
This week, we speak with Anil Mathews, Founder and CEO of Near.
Near announced a $754 million combination agreement with KludeIn I Acquisition Corp (Nasdaq: INKA), in May of this year. ...READ MORE
Quantum Fintech Acquisition Corp. (NASDAQ:QFTA), filed an 8-K this afternoon laying out a potential battle regarding their business combination with TradeStation. This is oddly reminiscent of Dune’s current battle with TradeZero, including even the selling company names. ...READ MORE
We spoke with Jim Zukin, the CEO & Chairman of Zukin Certification Services, and former Co-Founder of Houlihan Lokey, about his new product – the Reasonable Basis Review, or “RBR”. ...READ MORE
This week, we speak with Kirk Taylor, President and CFO of American Acquisition Opportunity Inc. (Nasdaq: AMAO).
It announced a $97 million combination agreement with Royalty Management Corporation in June.
Royalty Management has pulled together a range of unique financing deals that give it royalties on business activities ranging from water treatment utilities to coal exploration and land renewal. ...READ MORE
Ginkgo Bioworks Inc. (NYSE: DNA), the cell programming company which previously combined with Soaring Eagle Acquisition Corp. in September of 2021, announced this morning that it would be buying the biotech company Zymergen (Nasdaq: ZY), in an all-stock transaction. ...READ MORE
This week, we speak with Zvi Schreiber, CEO of Freightos, and Ezra Gardner, CEO of Gesher I Acquisition Corp.
The two companies entered into a $436 million business combination last month. ...READ MORE