Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Cilo Cybin wins Malaysian backer in new listing bid, Spectral MD receives $4M grant from Medical Technology Enterprise Consortium and Lifezone Metals launches off-take marketing process
South African Cannabis Firm Wins Malaysian Backer in New Listing Bid
Five months after pulling a planned initial public offering South African medical cannabis company Cilo Cybin Holdings Ltd. plans to try again — this time with the backing of Malaysian biotechnology firm ALPS Global Holding Bhd.
ALPS Global will underwrite a Cilo Cybin special purpose acquisition company, or SPAC, with 54 million rand ($3 million) and take a majority stake in the Pretoria-based company with the aim of listing it in Johannesburg by mid-year.
READSpectral MD Holdings, Ltd. $4 Million Grant Award from the Medical Technology Enterprise Consortium
Spectral MD Holdings, Ltd. (AIM: SMD) an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, announces today that it has received a $4 million award from the Medical Technology Enterprise Consortium (MTEC). The MTEC is a 501(c)(3) biomedical consortium collaborating with the U.S. Army Medical Material Development Activity (USAMMDA). This award will provide non-dilutive funding to support military battlefield burn evaluation via a handheld DeepView®, DeepView SnapShot M.
As announced on April 11, 2023, Spectral MD Holdings has entered into a business combination agreement to combine with Rosecliff Acquisition Corp I (Nasdaq: RCLF), a special purpose acquisition company listed on Nasdaq.
READLifezone Metals launches off-take marketing process for nickel, copper and cobalt from the Kabanga nickel project
Lifezone Holdings Limited has previously announced entry into a Business Combination Agreement with GoGreen Investments Corporation (NYSE: GOGN), a publicly traded company on the NYSE. Today, Lifezone Metals is pleased to announce that it has commenced an off-take marketing process with respect to the nickel, copper and cobalt from the Kabanga nickel project (the “Kabanga Project”), which Lifezone Metals believes comprises one of the world’s largest and highest-grade nickel sulfide deposits.
Lifezone Metals announced on December 13, 2022 a business combination agreement with GoGreen Investments Corporation (NYSE: GOGN).
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Tracking SPACs and all of their various types of “corporate actions” can be challenging. After all, a SPAC can postpone, adjourn, extend, complete, liquidate early, do a tender offer, and in some cases, one SPAC do all of those actions within its lifespan. Naturally, this can be challenging to manage. More importantly, it can very...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Byju skips payment on dollar loan and HNR affirms intent to purchase equity interests of Pogo Resources High-Flying Indian Startup Byju’s Skips Payment on Dollar Loan One of India’s best-known startups has skipped payment...
Avalon Acquisition Inc. (NASDAQ:AVAC) announced in an 8-K this morning that it has entered into a prepaid forward purchase agreement with RiverNorth SPAC Arbitrage Fund, the purchaser, as it works to close its combination with financial services firm The Beneficient Company, or Ben. As part of the agreement, RiverNorth agreed to effect certain purchases of shares...
Blue Ocean (NASDAQ:BOCN) has entered into a definitive agreement to combine with digital media company TNL Mediagene at a pre-money enterprise value of $275 million. TNL Mediagene holds the Japanese licenses for a number digital media properties as well as Taipei-based The News Lens. The combined company Is expected to trade on the Nasdaq once...
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. The SPAC plans to use this time to further engage with its shareholders as the ballot includes a variety of additional...