AltEnergy Acquisition Corp. (Nasdaq: AEAE) announced this afternoon that it has postponed its April 27 special meeting to 12 pm ET on April 28.
At the special meeting, stockholders will be asked to vote on a proposal to extend the SPAC’s completion date from May 2, 2023, to May 2, 2024.
AltEnergy announced the pricing of its $200 million IPO in October 2021 and originally had 18 months on its clock to complete a deal. Although the SPAC is still searching for a target to combine with, it intends to focus on businesses that are involved in renewable energy or related clean technology, specifically renewables transformation, electrification, and decarbonization. The company is led by CEO and Chairman Russell Stidolph, CFO Jonathan Darnell, and COO Arul Gupta.
Latest SPAC Liquidations: JAWS Hurricane JAWS Hurricane Acquisition Corporation (HCNE) to Liquidate on June 16 JAWS Hurricane Acquisition Corporation (Nasdaq: HCNE) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. As such, the Board has determined to cancel the special meeting of its stockholders,...
Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced this afternoon that it has completed its combination with Chinese carmaker Chijet. The deal was already approved by shareholders at a special meeting held on May 2, but at that time, the SPAC did not provide a timeline for the closing of the transaction. Although redemption numbers have still not...
The advent of summer is bringing nine lock-up expirations for de-SPAC’d companies and 10 on the sponsor side. The first change is to come for the sponsor of European Biotech Acquisition Corp., which closed its combination with Swiss pharma firm Oculis SA (NASDAQ:OCS) just three months ago. The sponsor is getting flexibility at a good...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Lucid to raise $3B in a common stock offering from Saudi owners, Betsy Cohen says SPACs will make a comeback, and SatixFy makes another leadership change Lucid Raising $3 Billion With More Money From...
An article on Bloomberg yesterday announced what many in SPAC Land have been wondering after UBS acquired Credit Suisse – where was Niron Stabinsky, the Head of SPACs at Credit Suisse, going to land? The answer is Banco Santander SA, in what appears to be a massive lift of most (or nearly all) of Credit...