BlueRiver Acquisition Corp. (NYSE:BLUA) announced in an 8-K this afternoon that it has postponed its extension vote from July 21 to July 28 at 10 a.m. ET.
As a result, the SPAC will also extend the redemption deadline to July 26.
As of now, BlueRiver faces a completion deadline of August 2, 2023, but is hoping to gain shareholder approval at the upcoming meeting to extend this until February 2, 2025.
Although the company is technically still searching for a target to combine with, it announced in January that it entered into a non-binding letter of intent with a business in the medical technology sector. No further details were disclosed about this potential transaction and a definitive agreement still has not been signed.
BlueRiver initially raised $287.5 million from its January 2021 IPO and set out to combine with a media, telecom or entertainment business with compelling revenue and a defensible market position. But, the company saw 93% of its trust removed from redemptions during a January meeting, leaving it with $20.46 million post-vote. BlueRiver is led by Co-Chairmen and Co-CEOs John Gregg and Randall Mays, who also serves as CFO. Eric Medina serves as managing director, head of finance and corporate development.
At the SPAC of Dawn Christmas Day has finally arrived for SPAC watchers pining for a rate cut. The only question is how many basis point presents will they find under the tree when Fed Chair Jerome Powell takes the podium at 2 pm ET today. This is far from the only economic indicator set...
YHN Acquisition I Limited announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YHNAU”, Wednesday, September 18, 2024. The new SPAC’s search will not be limited to a particular industry or geographic location, but the sponsors intend to target companies with a...
Chenghe II (NYSE:CHEB) has entered into a definitive agreement to combine with the Polibeli Group at a $3.6 billion equity value. Jakarta-based Polibeli operates an online and app-based wholesale marketplace for small businesses on Indonesia’s Java island. The combined company is expected to trade on the NYSE once the deal is completed. Transaction Overview Chenghe...
Horizon Space I (NASDAQ:HSPO) has entered into a definitive agreement to combine with brand marketing firm Squirrel Enlivened for $200 million in equity consideration. Shenzhen, China-based Squirrel Enlivened serves as a video and print ad agency for Asian clients of a variety of sizes. The combined company is expected to trade on the Nasdaq once...
At the SPAC of Dawn SPACs celebrated the beginning of the Fed meeting today with two new deal announcements. Both transactions are by Asia-based teams, but represent seemingly very different processes. Horizon Space I (NASDAQ:HSPO) has been working on its combination with Squirrel Enlivened since at least last October, when it signed an letter of...