Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Argo chooses Citigroup, JPMorgan as it eyes SPAC listing, and MSP Recovery in talks with Lionheart SPAC
Ford-Backed Argo Chooses Citigroup, JPMorgan to Go Public
Self-driving startup Argo AI, which is backed by Ford Motor Co. and Volkswagen AG, is working with investment bankers as it prepares to go public as soon as this year with a valuation expected to top $7 billion.
The five-year-old firm developing autonomous systems for two of the world’s largest automakers has chosen Citigroup Inc. and JPMorgan Chase & Co. to guide its public offering. Argo and its bankers are looking at either an IPO or using a SPAC.
READPayments Recovery Firm MSP Said In Talks With Lionheart SPAC
MSP Recovery, a company that specializes in the recovery of Medicare and Medicaid secondary payments, is in talks to go public through a merger with blank-check firm Lionheart Acquisition Corp. II.
A transaction may be announced in coming weeks and could value the combined entity at more than $30 billion. MSP Recovery’s law firm affiliate may separate from its data business, which is in talks to be combined with the Lionheart SPAC.
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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...
Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that its shareholders approved its combination with NKGen Biotech at a special meeting September 25. A total of 3,386,528 shares were redeemed in connection with the vote, leaving Graf IV with about $27.6 million in the tank and a final redemption rate of 84.3%....
Anzu Special Acquisition Corp I (NASDAQ:ANZU) has closed its combination with Envoy Medical and its shares and warrants are to begin trading on the Nasdaq under the symbols “COCH” and “COCHW” on October 2. The SPAC secured shareholder approval on September 27 and still has not divulged redemption figures. But, it went into the vote...
Mercato Partners (NASDAQ:MPRA) closed its combination with Brazilian software firm Nuvini this afternoon and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “NVNI” and “NVNIW” on October 2. The combined company will continue to be led by its existing CEO and a seven-member Board including Mercato CEO Dr....