Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ambipar buys Witt O’Briens for $161.5M, SPAC winter spreads to Middle East with two deals delayed, and Wag! partners with Babylist
Brazil’s Ambipar buys Witt O’Briens in $161.5 mln deal
Brazilian environmental services provider Ambipar said on Wednesday it bought Witt O’Briens for an enterprise value of $161.5 million, pushing ahead with its global expansion.
The deal, made through its subsidiary Ambipar Response, marks the company’s entry into Asia and Oceania markets and strengthens its presence in the continents where it already operates, Ambipar said in a securities filing.
SPAC Winter Spreads to Middle East With Two Deals Delayed
Concerns over the blank-check industry are spreading to the Middle East, dealing a blow to the region’s SPAC market that barely got off the ground.
Babylist and Wag! Join Forces To Help Pet Parents Welcome Baby Home
Babylist, the leading vertical marketplace and commerce destination for baby, and Wag! (Nasdaq: PET), a platform for busy pet parents, offering access to five-star dog walking, pet sitting, expert pet advice, wellness plans, and one-on-one training from a community of local pet caregivers, are helping new parents make the transition of bringing home a new baby a little easier.
READLevere SPAC’s Finance Chief Steps Down
Levere Holdings Corp. (NASDAQ:LVRA) said Tuesday that Stefan Krause, its chief financial officer and chief investment officer, intends to resign immediately.
The SPAC disclosed in a securities filing that Mr. Krause had given notice of his plans, and that the departure “was not a result of any disagreement with the company on any matter relating to its operations or its accounting or financial policies or procedures.”
READLanzaTech CEO Highlights Company Role as a Synthetic Biology Leader at White House Event Celebrating Biotechnology
LanzaTech NZ, Inc., an innovative Carbon Capture and Transformation company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging and other products that people use in their daily lives, today announced that Dr. Jennifer Holmgren, CEO of LanzaTech participated in the Summit on Biotechnology & Biomanufacturing for the American Bioeconomy today at The White House.
As previously announced LanzaTech has entered into a merger agreement for a business combination transaction with AMCI Acquisition Corp. II (Nasdaq: AMCI).
READ
Terms Tracker for the Week Ending February 3, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The month of February started with an IPO, thanks to the pricing of Cetus Capital Acquisition Corp (Nasdaq: CETU) which began trading on February 1....
Forest Road II (NYSE:FRXB) and 10X Capital Venture III (NYSE:VCXB) both announced this afternoon that they have mutually terminated their business combinations. Forest Road II intended to combine with transportation technology developer HyperloopTT, but the parties decided to nix the deal due to timing constraints along with unfavorable market conditions. Tom Staggs and Kevin Mayer, Co-CEOs and...
Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) and AMCI Acquisition Corp. II (Nasdaq: AMCI) announced this afternoon that they have adjourned their special meetings with shareholders. Intelligent Medicine originally scheduled its meeting to be held today, but is now postponing its vote until Wednesday, February 8. Stockholders may elect to redeem their shares by no later than...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Comcast dumps 18.5% of its BuzzFeed stock Comcast Dumps 6 Million Shares of Buzzfeed After Media Company Finally Gets a Bump Comcast dumped 18.5% of its BuzzFeed (NASDAQ:BZFD) stock in recent days, reducing its...
Viveon Health (NYSE:VHAQ) announced this morning that it is unilaterally terminating its combination with Suneva Medical “based upon material breaches” of the merger agreement. The SPAC did not elaborate further on its claims against Suneva, but noted it will continue on and seek a new business combination. Just last week, Viveon Health was working to...