Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Cineplex asks Cineworld lenders to consider merger, German government aims to improve framework for SPACs, and Jupiter Wellness announces notice of allowance for Minoxidil Adjuvant Therapies patent
Cineplex Asks Cineworld Lenders to Consider US Merger, WSJ Says
Canadian theater chain Cineplex Inc. has weighed a merger with Cineworld Group Plc’s US arm, and has discussed a potential deal with the UK company’s lenders, the Wall Street Journal reported.
Cineplex has proposed taking over Regal Entertainment Group, and would give Cineworld’s lenders debt and stock backed by the combined entity, the newspaper said Wednesday, citing people with knowledge of the talks who it didn’t identify.
Cineworld shares jumped as much as 11% in London trading on Wednesday and were down 5.9% to 2.54 pence at 11:09 a.m. The shares have dropped more than 90% this year. Cineworld Group Plc had explored options including a secondary US listing, selling non-US assets, merging with a rival, and a SPAC deal before filing for bankruptcy.
READGerman Government publishes key points to improve the German capital market
The German Government published a paper outlining a German Future Financing Act, which includes important changes to capital markets law, tax law and corporate law.
The framework conditions for modern forms of transactions (i.e., naked warrants and Special Purpose Acquisition Companies) shall be improved.
READJupiter Wellness Announces Notice of Allowance for Minoxidil Adjuvant Therapies U.S. Patent
Jupiter Wellness, Inc. (NASDAQ:JUPW), a wellness company focused on hair loss, eczema, burns, and sexual wellness announced today that the United States Patent and Trademark Office (USPTO) has granted a notice of allowance for patent application No. 16/747,685, titled “Minoxidil Adjuvant Therapies.” Jupiter Wellness acquired this case through its recent acquisition of Applied Biology assets.
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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...