Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: GoLogiq in discussions to combine with Nasdaq listed company and cybersecurity software developer Arqit to sell satellite business
GoLogiq in Late-Stage Discussions for Business Combination with Nasdaq Listed Company
GoLogiq, Inc. (OTC:GOLQ), a U.S.-based global provider of fintech and consumer data analytics, announced that the company has advanced to late stage discussions and has signed a non-binding letter of intent with a Nasdaq listed company for a planned business combination.
READArqit launches sale of satellite division
British cybersecurity software developer Arqit (NASDAQ:ARQQ) has hired financial adviser Silverpeak to sell its space division following interest from potential buyers, according to a source close to the process.
The division’s assets include a quantum encryption satellite Redwire is building that is partly funded by the European Space Agency, the person told SpaceNews, along with patents, intellectual property, commercial contracts worth more than $65 million, and a team of around 40 engineers.
Arqit completed its business combination with Centricus in September 2021.
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Latest Non-Redemption Agreements: EVe Mobility EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement On June 5, 2023, EVe Mobility Acquisition Corp. (NYSE:EVE) and the Sponsor entered into non-redemption agreements with unaffiliated third party investors, pursuant to which the Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior...
Latest SPAC Liquidations: ST Energy Transition I, MELI Kaszek Pioneer Corp. ST Energy Transition I Ltd. (STET) to Liquidate on June 7 ST Energy Transition I Ltd. (NYSE:STET) announced today that the Board of Directors has elected to dissolve and liquidate the company. Net of taxes and dissolution expenses, the per-share redemption price for the...
Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) announced this afternoon that it has secured a $5 million PIPE for its proposed merger with consultancy firm Aeries Technology. While most PIPEs are priced at $10 per share, Worldwide Webb’s $5 million subscription agreement was executed at just $4.48 per share in a private placement to be completed concurrently...
Metals Acquisition Corp. (NYSE: MTAL) announced this afternoon that its shareholders have approved its acquisition and business combination with the CSA Copper Mine from Glencore (LON:GLEN) at a special meeting held earlier today. The business combination and merger were overwhelmingly approved as both proposals received 27,538,130 shares in favor of it and just 455,506 shares against it. In...
Power & Digital Infrastructure II (NASDAQ: XPDB) has entered into a definitive agreement to combine with water harvesting company Montana Technologies at a pro forma enterprise value of approximately $500 million. Ronan, Montana-based Montana Technologies manufactures a dual-chamber design intended for a water harvesting process to solve legacy thermal constraints. The parties expect to close the deal in...