Tastemaker Acquisition Corp. (TMKR) Adjourns Meeting, Changes Name to Priveterra II
by Nicholas Alan Clayton on 2023-07-10 at 3:28pm

Tastemaker Acquisition Corp. (NASDAQ:TMKR) announced in an 8-K this afternoon that adjourned its extension vote this morning and will reopen it at 3 pm ET July 11.

The SPAC has traded below its redemption rate $10.70 in recent weeks and last closed at $10.57. Tastemaker (now Priveterra II) aims to spend the extra time engaging with shareholders and one topic of conversation is surely to be its new name and team.

Tastemaker also noted in the filing that it has changed its name to Priveterra Acquisition Corp. II, but has so far not changed symbols. Nonetheless, it quietly swapped out management teams on July 3 shifting from officers experienced in the franchise restaurant space to one focused on biotech.

The new team is steered by Chairman and CEO Oleg Grodnensky, managing partner at Priveterra Capital. Grodnensky was also on board with Priveterra I (NASDAQ:PMGM) albeit as CFO and COO.

The rest of Tastemaker’s management and Board has resigned and only the SPAC’s independent directors have been replaced thus far. Life sciences executives Bill Carpou, Dimitri Azar and Cameron Piron and to join the Board as well as its Audit and Compensation Committees.

The first Priveterra SPAC, which IPO’d in February 2021 and announced a combination with AEON Biopharma in December 2022, itself just achieved a successful completion vote on July 3 having adjourned eight times.

The SPAC now known as Priveterra II terminated a combination with jewelry distributor Quality Gold on June 22 and has been struggling to maintain compliance with Nasdaq listing standards since earlier in the month. It has about $29.8 million in trust after seeing 89.4% redemptions thus far.

To keep going with its fresh start, the new team will need to extend its July 12 transaction deadline and the proposal on file would push this to January 12, 2024 in exchange for no new contribution to its trust.

 

Tastemaker Acquisition Corp. (TMKR) Adjourns Meeting, Changes Name to Priveterra II
Recent Posts
by Kristi Marvin on 2025-07-12 at 10:02am

Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...

by Nicholas Alan Clayton on 2025-07-11 at 8:24am

At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...

by Kristi Marvin on 2025-07-10 at 8:31am

A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...

by Nicholas Alan Clayton on 2025-07-10 at 8:27am

At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...

by Nicholas Alan Clayton on 2025-07-09 at 12:57pm

Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved