Moringa Acquisition Corp. (NASDAQ:MACA) announced that it adjourned its extension vote this morning without conducting any business and would reconvene it at 10:30AM ET August 18.
Shareholders are to vote on whether to give the SPAC one more year for its target search, moving its deadline from August 19 of this year to the same date in 2024.
It announced a combination with Israeli travel company Holisto in June 2022 and worked through two amendments to the deal. But, the target announced last week that it was terminating their business combination.
Getting a fresh year to work on a new deal would certainly be the safest way to go, but Moringa may have already lost a little flexibility, having seen 77.5% of shares redeemed in earlier extension votes.
Moringa’s Israel-based team set out to combine with an Israeli company, according to its initial S-1, and several of its executives spent time at 3D printing firm Stratasys (NASDAQ:SSYS), which itself announced plans to acquire de-SPAC peer Desktop Metal in May.
Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its stockholders voted in favor of the proposed business combination with Conduit Pharmaceuticals Limited (“Conduit”). Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the closing to occur as soon as practicable, subject to the satisfaction or waiver...
Latest SPAC Liquidations: Juniper II Corp. Juniper II Corp. (JUN) to Liquidate on October 10, 2023 Juniper II Corp. (NYSE: JUN), today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock with such redemption anticipated to be effective as of October 10, 2023. The...
TradeUP (NASDAQ:UPTD) announced in an 8-K this afternoon that has entered into additional subscription agreements in connection with its combination with Estrella Biopharma. Under these subscription agreements, Plentiful Limited and Lianhe World Limited, collectively known as the “Investors”, agreed to each buy $5,000,000 worth of UPTD’s common stock, priced at $10.00 per share. However, if,...
Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNA) has closed its combination with insuretech firm Roadzen and its shares and warrants will begin trading on the Nasdaq tomorrow, September 21, under the symbols “RDZN” and “RDZNW”. The SPAC secured shareholder approval for the deal about a month ago in an August 25 vote and it has...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Abu Dhabi royal-backed firms to merge in region’s first SPAC deal ADC Acquisition Corporation (ADC.AD), a blank-cheque company backed by a prominent Abu Dhabi royal, has agreed to acquire state investment fund ADQ’s United Printing & Publishing,...