Swiftmerge Acquisition Corp. (NASDAQ: IVCP) announced this afternoon that it has adjourned today’s meeting until Thursday, June 15, at 3:00 p.m.
The SPAC’s Chairman determined to postpone the meeting in order to allow for additional voting on the extension proposal which would extend Swiftmerge’s timeline from June 17, 2023 to March 15, 2024.
In connection with the adjournment, the company has also determined that it will allow shareholders who previously elected to redeem their Class A ordinary shares to reverse their requests by 5:00 p.m. ET on June 19.
Although Swiftmerge has not yet announced a definitive agreement, it signed a non-binding letter of intent (LOI) in April to combine with commercial-stage biotech company HDL. The parties’ press release did not include a proposed valuation for the deal, but the SPAC currently has about $228 million in trust. Swiftmerge is led by Chairman George Jones, CEO John “Sam” Bremmer, CFO Christopher J. Munyan, and COO and Secretary Aston Loch.


At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...