CF Acquisition Corp. V (NASDAQ:CFV) announced in a press release this morning that it has adjourned its special meeting to vote on its combination with orbital imagery company Satellogic.
This marks the third time CFV has adjourned the shareholder meeting citing it still needs additional time to continue discussions regarding further financing for the post-combination company. The SPAC originally adjourned its meeting on December 8, before moving it to December 20 and adjourning it once again. The meeting will now be held on Monday, January 24, 2022, at 11:00 a.m. EST.
CFV has an estimated $250 million held in trust and had secured a PIPE at combination announcement of $100 million from investors including SoftBank’s SBLA Advisers Corp. and Cantor Fitzgerald. There is a minimum cash closing condition to this transaction of $225 million as well.
The parties initially announced their $850 million combination on July 6. Buenos Aires-based Satellogic provides orbital imagery and analysis services with 17 satellites in operation around the Earth.
ADVISORS
- J.P. Morgan is serving as exclusive financial advisor to Satellogic.
- Friedman Kaplan Seiler & Adelman LLP and Greenberg Traurig LLP serving as legal counsel to Satellogic.
- Cantor Fitzgerald & Co. is serving as financial advisor and capital markets advisor to CFAC V as well as placement agent on the PIPE
- Hughes Hubbard & Reed LLP serving as legal counsel to CFAC V.
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....