Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bitdeer completes mining facility in Bhutan and SEC ends investigation into Better.com
Bitdeer Completes Mining Facility in Bhutan
The bitcoin mining firm Bitdeer Technologies (NASDAQ: BTDR) founded by Jihan Wu has completed the construction of a mining facility in Bhutan and is making progress with its operations.
Jihan Wu is a prominent figure in the cryptocurrency space and co-founder of Bitmain, a major manufacturer of cryptocurrency mining hardware.
Bitdeer successfully made its debut on Nasdaq in April through a merger with a special purpose acquisition company (SPAC), boasting a valuation of $1.18 billion.
READSEC ends investigation into Better.com, which continues to bleed cash ahead of planned SPAC vote
The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender Better.com. The pronouncement comes after an investigation on the part of the SEC to determine if violations of federal securities laws had occurred.
Last July, the SEC began looking into whether Better.com had violated federal securities laws, requesting documents from both the company and SPAC partner Aurora Acquisition Corp. (NASDAQ:AURC) about their business activities.
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Graf Acquisition Corp. IV (NYSE:GFOR) has closed its combination with NKGen Biotech and its shares and warrants will begin trading on the Nasdaq under the symbols “NKGN” and “NKGNW” today. The SPAC secured shareholder approval for the deal last week with 84.3% redemptions. Graf IV CEO James Graf is set to join the combined company...
An In-Depth Look at SPAC Activity Throughout the Third Quarter of 2023 Below is a summary of the year-to-date SPAC performance. We’re now three-quarters of the way through 2023 and while activity remains muted, there is a sense that SPACs have run the most difficult part of the “correction” gauntlet and have reached a better...
Terms Tracker for the Week Ending September 29, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As September comes to a close, SPACs did not price any IPOs during the month with the most recent IPO (99 Acquisition Group) having priced...
Athena Consumer Acquisition Corp. (NYSE:ACAQ) announced this afternoon that its stockholders approved its combination with German EV-maker e.GO at a special meeting held earlier today. Additionally, Athena Consumer’s warrant proposal to convert all outstanding warrants to 0.175 shares in the combined company was also approved. A total of 884,880 shares of Athena Class A Common...
October is set to be a quiet month for lock-up expirations with only four de-SPACs and four sponsors now open to trade their shares for the first time. The first customer is Bitdeer Technologies. Its shareholders and the Blue Safari sponsor both stand to gain the most out of this group from moving some of...