Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: GoLogiq in discussions to combine with Nasdaq listed company and cybersecurity software developer Arqit to sell satellite business
GoLogiq in Late-Stage Discussions for Business Combination with Nasdaq Listed Company
GoLogiq, Inc. (OTC:GOLQ), a U.S.-based global provider of fintech and consumer data analytics, announced that the company has advanced to late stage discussions and has signed a non-binding letter of intent with a Nasdaq listed company for a planned business combination.
READArqit launches sale of satellite division
British cybersecurity software developer Arqit (NASDAQ:ARQQ) has hired financial adviser Silverpeak to sell its space division following interest from potential buyers, according to a source close to the process.
The division’s assets include a quantum encryption satellite Redwire is building that is partly funded by the European Space Agency, the person told SpaceNews, along with patents, intellectual property, commercial contracts worth more than $65 million, and a team of around 40 engineers.
Arqit completed its business combination with Centricus in September 2021.
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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...