Cohn Robbins (NYSE:CRHC) announced over the weekend that it has jointly terminated its $9.3 billion combination with lottery operator Allwyn.
The move comes at the very end of the process for Cohn, whose shareholders approved the transaction on September 7. ...READ MORE
Silver Spike Acquisition Corp. II (NASDAQ:SPKB) announced in an 8-K filing this morning that it would be receiving shares as compensation for the termination of its merger agreement with biopharmaceutical firm Eleusis. ...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
Silver Crest (NASDAQ:SLCR) disclosed in an 8-K this afternoon that it has revised its shares presented for redemption in connection with its combination with Tim Horton International (“THIL”)
Although Silver Crest held its special meeting to vote on its proposed merger on August 19, shareholders had until August 29 to reverse their redemption decisions. ...READ MORE
TPG Pace Beneficial Finance (NYSE:TPGY) announced in an 8-K this afternoon that it intends to liquidate its trust after being unable to complete a business combination.
The SPAC will instead redeem all of its outstanding Class A ordinary shares, effective as of October 11, 2022, and expects the last trading day for its shares to be on October 7. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
A SPAC deal has made the founder of a conservative social media platform a billionaire — and it’s not Donald Trump. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
The Financial Times reported Tuesday that DWAC Chief Executive Patrick Orlando is negotiating with investors who said they would back the company through a private investment in public equity, or PIPE, deal. ...READ MORE
IG Acquisition Corp. (NASDAQ:IGAC) has entered into a definitive agreement to combine with mobile gaming platform PlayUp at an enterprise value of $399.7 million, or 10.9x its 2022E gross revenue.
Sydney, Australia-based PlayUp is a mobile and online betting and fantasy sports platform currently expanding into the US market. ...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
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Miami-based Cano Health announced today the acquisition of fellow primary care provider Doctor’s Medical Center in a bid to grow its Medicare, Medicaid and Affordable Care Act (ACA) exchange memberships in South Florida. ...READ MORE
Avalon (NASDAQ:AVAC) has entered into a definitive agreement to combine with financial services firm The Beneficient Company Group, or Ben, at an enterprise value of about $3.5 billion.
The Dallas-based company provides customers options to exit alternative investments early via structures designed for high-net-worth individuals and small institutions. ...READ MORE
5:01 Acquisition Corp. (NASDAQ:FVAM) announced in a press release this afternoon that it intends to liquidate its trust after being unable to complete a business combination.
The SPAC will instead redeem its shares and the public shareholders are expected to receive their pro rata share of the trust at $10.00 per share. ...READ MORE
North Mountain Merger Corp. (NASDAQ:NMMC) announced in a press release this afternoon that it will not be able to complete a business combination and will instead liquidate its trust.
The SPAC, which had 24 months on its clock to complete a deal, will cease trading on September 30 and shareholders are expected to receive their pro rata share of the trust estimated at $10.00 per share. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Nikola Corp.’s ...READ MORE
Social Capital IV (NYSE:IPOD) and Social Capital VI (NYSE:IPOF) each announced in 8-K filings this morning that they intend to not complete business combinations and will instead liquidate their trusts on October 17. ...READ MORE
Global Star Acquisition, Inc. priced its $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GLSTU” Tuesday, September 20, 2022.
The new SPAC intends to focus its efforts on Fintech and Proptech businesses that offer technology solutions, broader technology software, services or products to the financial services or real estate industries. ...READ MORE
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Executives behind a SPAC Digital World Acquisition Corp (NASDAQ:DWAC) that plans to take Donald Trump’s media business public have failed to pay their proxy solicitors, The Financial Times reported on Saturday. ...READ MORE
Getty (NYSE:GETY) announced this morning that it will redeem all outstanding warrants for $0.01 per warrant at 5 p.m. on October 19.
This move is not being accompanied by a warrant exchange offer because of just how hot the de-SPAC has been trading over the past month. ...READ MORE