An In-Depth Look at SPAC Activity Throughout the Full Year of 2023 Below is a summary of the 2023 SPAC market. SPACs finally made it to the end of 2023. It was a challenging year, but one that was marked by a necessary rebalancing of supply and demand. More
Adit EdTech (NYSE: ADEX) announced this afternoon that it has closed its combination with bitcoin self-mining company Griid Infrastructure. ADEX shareholders previously approved the deal at a special meeting held on November 30. More
Banyan Acquisition Corporation (NYSE: BYN) announced this afternoon that it has completed its business combination with hospitality venture Pinstripes. BYN shareholders previously approved the deal during a special meeting held on December 27. More
Closing the curtains on 2023, Focus Impact BH3 Acquisition Corp. (NASDAQ: BHAC) announced this morning that it has signed a Letter of Intent (LOI) with XCF Global Capital, Inc., a New York-based sustainable fuels producer. More
Christmas is for closers only in 2023, apparently, as the month has featured the most SPAC deals closed all year with 14. In fact, this is the highest monthly total in two years since the doozy in December 2021 during which 24 deals were closed. More
Innovative International Acquisition Corp. (NASDAQ:IOAC) announced yesterday evening that it has completed its combination with car-sharing program Zoomcar. The approval from shareholders was previously obtained in a special meeting on December 19. More
SPACInsider 2023 Awards 2023 was clearly a challenging year for deal-making, but, it wasn't all doom and gloom. Within the SPAC ecosystem there were some noteworthy standouts that are worth highlighting. More
AIB Acquisition Corporation (NASDAQ:AIB) has entered into a definitive agreement to combine with Hong Kong-based logistics service provider PSI Group at an enterprise value of $200 million, or 1.5x its 2021 revenue. More
Banyan Acquisition Corporation (NYSE: BYN) announced this morning that its shareholders approved its business combination with hospitality venture Pinstripes during a special meeting held on December 27. At the meeting, stockholders holding 10,191,836 shares of common stock were present, representing 90. More
Berenson Acquisition Corp. I (NYSE:BACA) announced this morning that it has secured a share purchase agreement of up to $260 million from ACM ARRT N. As part of the agreement, the investor will purchase 1 million Series A preferred shares, which will each convert to 26 common shares at close. More
