Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Prison phone company Securus in talks to merge with Atlantic Avenue, Redbox signs content deal with Fremantle, and Singapore’s Novo Tellus files for blank-check IPO
Prison Phone Company Securus Is in SPAC Merger Talks
Tom Gores’s Platinum Equity is exploring strategic options for one of its most controversial investments, prison phone operator Securus Technologies Inc., and is in talks to take it public through a merger with a blank-check company, according to Bloomberg.
Atlantic Avenue Acquisition Corp. (NYSE:ASAQ), formed by middle-market lender MC Credit Partners, has approached Platinum about a potential deal to merge with Securus.
READRedbox Signs Content Deal With Fremantle to Further Rapid Expansion of Free Streaming Service
Redbox (NASDAQ:RDBX), a leading entertainment company, today announced it has signed a content deal with Fremantle to further accelerate the company’s free streaming service. The deal adds Free Ad Supported Television (FAST) channels which will make their debut on December 1. They include BUZZR, The Price Is Right: The Barker Era and the Baywatch channel.
Seaport Global Acquisition Corp. secured shareholder approval of its combination with home entertainment provider Redbox in a special meeting on October 21.
Singapore’s Novo Tellus Files for Blank-Check IPO
Singapore buyout firm Novo Tellus Capital Partners has applied to list a SPAC with the city-state’s exchange, according to Bloomberg.
The technology and industrials-focused firm is planning to raise between S$200 million ($148 million) and S$250 million through an IPO of the blank-check company. The IPO could take place as soon as the end of this year.
Revelation Biosciences Inc. Engages Partnering Advisor, MedWorld Advisors, to Optimize Value of the Company’s Diagnostic Tool, REVID
Revelation Biosciences Inc., a clinical-stage life sciences company that is focused on the development of immunologic based therapies and diagnostics for the prevention and treatment of disease, announced today that it has engaged MedWorld Advisors to optimize the value of Revelation’s diagnostic tool, REVID™.
Revelation recently announced that it has entered into a definitive merger agreement with Petra Acquisition, Inc. (NASDAQ:PAIC) for a business combination that will result in Revelation becoming a publicly traded company. The merger is expected to close in Q4 2021.
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Terms Tracker for the Week Ending June 2, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As is typical of slow holiday weeks, this past week for SPACs was no exception. To wit, there were zero new S-1s filed, zero amendments...
Trajectory Alpha Acquisition Corp. (NYSE:TCOA) announced this afternoon that it has entered into a purchase and contribution agreement with its sponsor and J. Streicher Holdings, LLC. As a result, the SPAC will undergo a change in management. As part of the agreement, J. Streicher will pay $250,000 to Trajectory Alpha and $1.00 to the sponsor. In return,...
Latest SPAC Liquidations: Sound Point I, Bullpen Parlay, and Zimmer Energy Transition Sound Point Acquisition Corp I (SPCM) to Liquidate on June 4 Sound Point Acquisition Corp I, Ltd (NASDAQ: SPCM) announced today that it intends to liquidate and dissolve, effective as of June 4, 2023, and will redeem all of the outstanding Class A...
Latest Non-Redemption Agreements: GSR II Meteora Acquisition Corp. GSR II Meteora Acquisition Corporation (GSRM) Adds Non-Redemption Agreement On May 31, 2023, GSR II Meteora Acquisition Corp., (NASDAQ:GSRM), entered into certain non-redemption agreements with certain third parties in connection with the special meeting of stockholders. Pursuant to such Non-Redemption Agreements, each Non-Redeeming Stockholder agreed that it will...
Athena Technology Acquisition Corp. II (NYSE:ATEK) announced this afternoon that it is postponing its extension vote scheduled for June 12 until June 13. Shareholders at the special meeting are to vote on a proposal to allow Athena Technology II to extend its transaction deadline on a monthly basis up to nine times from June 14,...