Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: MELI Kaszek Pioneer Corp. files to raise up to $250 million, MoneyLion launches crypto investing ahead of SPAC deal, and Alpha Capital seeks $1 billion technology unicorn
MercadoLibre-Sponsored SPAC Files to Raise Up to $250 Million
MELI Kaszek Pioneer Corp, a blank-check company sponsored by Latin America’s e-commerce giant MercadoLibre Inc. and Kaszek, has filed to go public.
The new company will seek to purchase a Latin American tech company, according to a statement. BofA Securities, Goldman Sachs, Allen & Company and JPMorgan are expected be the underwriters for the offering, which consists on the offering of 25 million ordinary shares at an initial price of $10 apiece.
Shares are expected to be listed on the Nasdaq under the symbol MEKA.READ
MoneyLion Launches Crypto Investing Ahead of Planned SPAC Deal
The banking and investing app MoneyLion is adding crypto trading to its all-in-one financial services app.
The 8-year-old fintech company, which plans to go public later this month on the New York Stock Exchange under the ticker ML, will introduce buying and selling capabilities for bitcoin and ether at its Investor Conference on Monday morning, CEO Dee Choubey told CNBC.
SPAC Hunting for LatAm Deals Seeks $1 Billion Technology Unicorn
Alec Oxenford, the founder of second-hand sale platforms OLX and letgo, is now the CEO of Alpha Capital (NASDAQ:ASPCU), which is seeking to merge with a technology company in Latin America. He’s aiming for a target with a valuation near $1 billion, and has narrowed down the list of contenders to 16 companies, from a starting point of 20,000, he said in an interview.
If Alpha succeeds in closing a deal, that would make it one of the few SPACs to have found a target in Latin America.READ
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,...
Clover Leaf Capital Corp. (NASDAQ: CLOE) has entered into a definitive agreement to combine with Digital Ally, Inc.’s (NASDAQ: DGLY) ticketing platform Kustom Entertainment at a pro forma equity value of approximately $222.2 million. Kansas City, Kansas-based Kustom Entertainment is a primary and secondary ticket platform that manages wholly-owned subsidiaries TicketSmarter and Kustom 440. Transaction Overview Clover...