Group Nine Acquisition Corp. (NASDAQ:GNAC) announced this afternoon that it has entered into a Membership Interest Purchase Agreement with 890 5th Avenue Partners, LLC to sell certain Class A interests of the sponsor, Group Nine SPAC, LLC, which economically corresponds to 4,025,000 shares of Class B common stock, or Founder Shares. More
Mars Acquisition Corp. (NASDAQ:MARX) filed its S-1 last Thursday, for a $75 million SPAC IPO. Although the new SPAC, has a general focus, it intends to primarily identify companies operating in the artificial intelligence sector that have achieved growth of over 25% per annum in either revenue or net profit for the past 2 years. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Senator Warren plans bill to crack down on SPAC industry, Voltus partners with SemaConnect to deliver grid support US Senator Warren Plans Bill to Crack Down on Blank Check Deals Democratic U. More
Mana Capital (NASDAQ:MAAQ) has entered into a definitive agreement to combine with biopharmaceutical firm Cardio Diagnostics at an enterprise value of $75 million. Chicago-based Cardio sells heart health tests direct to consumers via its website and purports to be able to detect whether a patient may experience a heart attack in the near future. More
Biotech Acquisition Cormpany (NASDAQ:BIOT) has postponed its special meeting to complete its combination with pharmaceutical firm Blade Therapeutics from June 1 to 10 am ET, June 3. The SPAC has obtained sufficient votes to approve the transaction but needs additional time to satisfy all closing conditions, according to Biotech's press release. More
Terms Tracker for the Week Ending May 27th, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week's pricings. For the week leading up to Memorial Day weekend, we saw six new S-1 registration statements and zero IPOs. More
Digital World's (NASDAQ:DWAC) filed a new S-1 today, providing highly anticipated information into the investors of its $1 billion PIPE. A total of 48 investors have subscribed to this PIPE, with ownership post-conversion of the Preferred Stock between 11,350,000 shares and 50,000 shares. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: SPACs see a flurry of deals, first blank-check company in the Middle East surges SPACs Make Flurry of Deals as Blank Checks Seek Something to Own Blank-check companies settled on deals to buy a members-only startup airline, a startup augmented reality firm and a company called Two Bit Circus this month as SPACs face pressing deadlines to strike deals or close shop. More
Aesther Healthcare (NASDAQ:AEHA) has entered into a definitive agreement to combine with automotive component manufacturer United Gear & Assembly. Hudson, Wisconsin-based United Gear is a subsidiary of United Stars Holdings, focused on manufacturing small to medium-sized precision gears and shafts for a variety of industries. More
Trepont Acquisition Corp I (NYSE:TACA) announced that it will not complete a business combination before its transaction deadline of June 4 and will therefore liquidate its trust effective June 10. The SPAC had originally planned to hold a vote to extend its transaction deadline today, but opted to liquidate instead. More
