Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC Liquidations: GigInternational 1 and HumanCo
GigInternational1 Announces Expiration of Exclusivity of Term Sheet for a Business Combination with Convalt Energy, Inc. and Liquidation and Redemption of Public Shares
GigInternational1, Inc. (Nasdaq: GIW) announced this afternoon that the exclusivity provision of its previously announced non-binding term sheet with Convalt Energy, Inc. has expired and that it will no longer pursue a business combination.
Since GigInternational1 doesn’t believe that it will be able to complete a business combination within the remaining time available, the SPAC will now start the process of dissolving and liquidating its assets.
Additionally, the sponsor has indicated that it does not intend to deposit the current and future necessary monthly funds to the trust to extend the SPAC’s timeline.
READHumanCo Acquisition Corp. Announces Liquidation
HumanCo Acquisition Corp. (Nasdaq: HMCO) announced today that, due to its anticipated inability to complete a business combination, it intends to dissolve and liquidate. As of the close of business on December 1, the shares will be deemed cancelled and will represent only the right to receive the redemption amount of $10.08.
“We worked tirelessly to bring our shareholders value as we identified numerous potential business combination partners and met with many mission-aligned companies regarding potential transactions. Ultimately, however, we were unable reach a deal with a target company that we were confident would result in a successful business combination. We remained committed to the best interests of our shareholders, and are therefore returning the capital held in the trust account,” stated Ross Berman, CEO of HumanCo Acquisition Corp.
“Current market conditions have also convinced us that the best way to deliver on our promise to shareholders is to return the capital held in trust,” added HumanCo Acquisition Corp.’s Executive Chairman, Jason H. Karp.
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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...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...