SPACInsider Logo
The Latest SPAC News and Rumors: January 24, 2023
by Marlena Haddad on 2023-01-24 at 11:42am

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: HighPeak Energy explores sale, Bitcoin Depot strengthens U.S. footprint with new retail partnerships, and Intuitive Machines agrees to deliver AstroForge to space


U.S. oil producer HighPeak Energy says it will explore sale

HighPeak Energy Inc (NASDAQ: HPK), an oil-focused exploration and production company operating in the heart of the Permian basin, said on Monday it would explore strategic options including possible sale of the company.

U.S. energy producers have enjoyed stellar returns in the last two years, buoyed by higher oil prices stemming from the economic rebound from the pandemic and disruption to supply markets caused by Russia’s invasion of Ukraine.

A sale would be viewed as a lucrative win for oil and gas veteran Hightower and his team, with HighPeak taken public through a 2020 merger with Pure Acquisition Corp, a special purpose acquisition company (SPAC) affiliated with Hightower, at a $1.58 billion enterprise value.

READ


Leading Bitcoin ATM Operator Bitcoin Depot Strengthens U.S. Footprint with New Retail Partnerships

Lux Vending, LLC dba Bitcoin Depot Inc., a U.S.-based Bitcoin ATM operator and leading fintech company, today announced multiple partnerships with convenience store brands with locations spanning across several states, including FastLane, Gas Express, High’s, Majors Management and Stinker Stores. These partnerships bolster Bitcoin Depot’s retail footprint across the U.S. and further support Bitcoin Depot’s mission to Bring Crypto to the Masses.

GSR II Meteora Acquisition Corp. (NASDAQ: GSRM) is blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

READ


Intuitive Machines Announces Agreement to deliver AstroForge Asteroid Mining Payload to Deep Space

Intuitive Machines, LLC, a leading space exploration, infrastructure, and services company, today announced the execution of an agreement to deliver Brokkr-2, a deep space vehicle from California-based asteroid mining company, AstroForge, Inc., to deep space to observe one of AstroForge’s target asteroids.

As previously announced, Intuitive Machines signed a definitive business combination agreement with Inflection Point Acquisition Corp. (Nasdaq: IPAX, IPAXU, IPAXW) (“Inflection Point”), a publicly traded special purpose acquisition company, that is expected to result in Intuitive Machines becoming publicly listed.

READ

Listing of 11 UAE companies to raise more than $2.18bn in 2023

The listing of 11 companies on the UAE capital markets this year will raise more than Dh8 billion ($2.18 billion), the deputy chief executive of the Securities and Commodities Authority has said.

Four free-zone entities and two SPACs are in the listing pipeline in 2023, Mohamed Al Hadari said in his address at the Mena IPO Summit on Tuesday.

“While 2021 was a year of recovery, 2022 and 2023 will see significant growth and development in the local markets and IPO markets,” he told delegates in Dubai.

READ

 

Recent Posts
by Nicholas Alan Clayton on 2023-01-30 at 2:04pm

Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA) announced in an 8-K that it has inked new non-redemption agreements after postponing its initial extension vote. The SPAC has agreed to allocate up to 37,500 promote shares (1.1%) to investors holding in exchange for them agreeing not to redeem an aggregate of 150,000 shares at the vote now...

by Marlena Haddad on 2023-01-30 at 1:22pm

Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote. The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31. Armada has also extended the deadline for holders to submit their public...

by Nicholas Alan Clayton on 2023-01-30 at 12:07am

Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade...

by Marlena Haddad on 2023-01-30 at 11:42am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Hambro Perks eyes merger with Biotech Istesso, Rocket Lab launches first vehicle from U.S. soil, and Alliance Entertainment signs licensing agreement with The Walt Disney Company Hambro Perks SPAC Eyes Merger With Biotech...

by Marlena Haddad on 2023-01-30 at 10:15am

Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27. Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction. The filing did not...

Privacy Policy|Terms Of Use
Copyright © 2022 SPACInsider, Inc. All Rights Reserved