BurTech Acquisition Corp. (NASDAQ:BRKHU) and Chavant Capital (NASDAQ:CLAYU) both announced this afternoon that they have signed non-binding letters of intent ahead of the long weekend. BurTech's 8-K referenced a Bloomberg news article that was published earlier this week which disclosed its non-binding LOI with Indian digital entertainment and technology company JetSynthesys. More
Isleworth (NASDAQ:ISLE) announced this afternoon that it has mutually terminated its combination agreement with biopharmaceutical company Cytovia. Although the press release was short on details, it is likely the parties decided to terminate for the same reason a number of other SPACs recently have, which pertains to the headwinds in the SPAC market as well as general market volatility. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Enjoy Technology files for bankruptcy, D-Orbit signs launch and deployment contract with Kepler Communications and Bird CEO steps down as president SPAC Led by Former Apple Executive Goes Bankrupt Less Than a Year After Going Public Enjoy Technology Inc. More
Far Peak (NYSE:FPAC) announced this afternoon that it has extended its Outside Date to complete its business combination with cryptocurrency exchange Bullish to December 31, 2022. However, it was also noted in the press release that the PIPE investors, which were contributing $300 million, will terminate on the current Outside Date of July 8, 2022. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: SPAC listings nudge Singapore IPO market to busiest in years, Wall Street banks pull back from Middle East SPACs on SEC clampdown, and Germany aims to make SPACs more attractive SPAC listings nudge Singapore IPO market to busiest H1 in 5 years The 3 recently listed SPACs have generated “strong interest” and raised a total of IPO proceeds of about S$528 million, leading Singapore’s IPO market to its busiest half year in five years, according to a PwC Singapore report released on Tuesday (Jun 28). More
American Acquisition (NASDAQ:AMAO) has entered into a definitive agreement to combine with investment company Royalty Management at an enterprise value of $111 million. Fishers, Indiana-based Royalty Management collects cashflow streams via resources, intellectual property and other royalty-paying assets and distributes these to shareholders. More
Northern Lights (NASDAQ:NLIT) announced in an 8-K this morning that its shareholders approved its combination with cannabis finance provider Safe Harbor at a special meeting held yesterday afternoon. The filing did not include final redemption figures or a timeline for close, but as of yesterday the SPAC faced 66. More
Agrico Acquisition Corp. (NASDAQ:RICO) announced that its shareholders have voted to approve its combination with indoor farming company Kalera (OL:KAL) in a special meeting held yesterday. The approval comes as no surprise as the SPAC announced a preliminary shareholder approval on Friday afternoon. More
SPACs have merged with 30 electric vehicle companies since June 2020 and they seemed to make for a Thelma and Louise-like pair. EV de-SPACs went on a wild ride punctuated by the likes of QuantumScape (NASDAQ:QS) and Lucid Group (NASDAQ:LCID) hitting highs of $132. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: India's JetSynthesys in talks to merge with BurTech, Rumble partners with RSBN, and ProSomnus opens new global HQ India's JetSynthesys Is Said in Talks to Merge With BurTech SPAC JetSynthesys, an Indian digital entertainment and technology company, is in talks to go public through a merger with blank-check firm BurTech Acquisition Corp. More
