Alset Capital Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol "ACAXU" Tuesday, February 1. The new SPAC intends to focus its search on businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space. More
CITIC (NYSE:CCAC) announced this afternoon that its shareholders have approved its combination with lidar-maker Quanergy in a special meeting held this morning. A total of 23,993,179, or 69.55%, of the company’s issued and outstanding ordinary shares were present either in person or by proxy at today's meeting. More
Ivanhoe Capital (NYSE:IVAN) announced this afternoon that it expects to receive shareholder approval at its special meeting set to vote on its combination with EV battery-maker SES tomorrow. This vote will not be final until after the meeting concludes tomorrow, but considering the good results in a very challenging market environment, a press release of this nature is certainly welcome. More
OTR (NASDAQ:OTRA) has entered into a definitive agreement to combine with biotech firm Comera Life Sciences at an enterprise value of $151.3 million. The Woburn, Massachusetts-based company utilizes formulation science and technology to transform essential biologic medicine from IV to subcutaneous forms. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Byju in negotiations with at least three SPACs, MSP Recovery's LifeWallet announces new data, and Hiro Metaverse SPAC plans London IPO Byju's Aim for SPAC Merger Agreement Within a Month India’s most valuable startup, the online education provider Byju’s, is in negotiations with at least three SPACs and is aiming to unveil plans to go public via a merger with one of them in three to four weeks, according to people familiar with the matter. More
Blue World Acquisition Corporation announced the pricing of its $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol "BWAQU" Monday, January 31. The new SPAC intends to focus on opportunities in marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, and related industry segments globally. More
Agrico (NASDAQ:RICO) has entered into a definitive agreement to combine with indoor farming company Kalera (OL:KAL) at an expected total equity value of $375 million. Oslo-listed Kalera has developed technology for farming leafy greens and vegetables out of a network of indoor vertical farms. More
Terms Tracker for the Week Ending January 28th, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week's pricings. This week, we saw just three new S-1 registration statements, one less than last week, and two IPOs, six less than the week prior. More
As another special episode, and some bonus weekend-content, Niccolo de Masi, the CEO of the dMY Technology SPACs, is back to discuss the 2022 SPAC market. Niccolo previously spoke with us in November to give us his views on the challenging SPAC environment in the fourth quarter of 2021. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Rigetti Computing selected to deliver technology for DARPA program, and ENVI announces quorum to pass GreenLight deal Rigetti Computing Selected to Deliver Technology for Phase 2 of DARPA ONISQ Program Rigetti Computing, a pioneer in hybrid quantum-classical computing systems, announced today it has been selected to deliver hardware, software and benchmarks for phase two of a DARPA (Defense Advanced Research Projects Agency) program to develop quantum computers capable of solving complex optimization problems. More
