Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bitcoin Depot announces acquisition of majority interest in Bitaccess, Lockheed Martin increases its bet on Terran Orbital with $100M investment, and ProSomnus announces FDA clearance
Bitcoin Depot Announces Acquisition of Majority Interest in Bitaccess, a Leading Bitcoin ATM Software Provider
Lux Vending, LLC dba Bitcoin Depot, a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced the previously-consummated acquisition of a majority of equity interests in Bitaccess Inc. (“Bitaccess”), a leading BTM operating system provider.
On August 24, 2022, Bitcoin Depot and GSR II Meteora Acquisition Corp. (“GSRM”), a special purpose acquisition corporation, entered into a definitive agreement for a business combination that would result in Bitcoin Depot becoming a public company listed on the Nasdaq under the ticker symbol “BTM.”READ
Lockheed Martin increases its bet on satellite manufacturer Terran Orbital with $100 million investment
Aerospace giant Lockheed Martin is deepening its investment in satellite manufacturer Terran Orbital (NYSE:LLAP) with a $100 million investment and a cooperation agreement for the development and sale of smallsats through 2035.
Terran also announced that it will now build its massive, $300 million space vehicle manufacturing facility in Irvine, California, not Florida as originally planned. CEO Marc Bell told press that the company decided to move the facility to California, where Terran Orbital already has a substantial footprint, because it could move into the facilities faster than in Florida. It’s a big loss for Space Florida, the state’s economic development agency focused on aerospace, which was going to provide the conduit financing for the facility.
Terran Orbital completed its merger with Tailwind Two in March 2022.READ
ProSomnus Announces FDA 510 (k) Clearance for ProSomnus EVO [PH] Sleep and Snore Device
ProSomnus (“the Company”), a pioneer in precision medical devices for the treatment of Obstructive Sleep Apnea (OSA), today announced that it has received 510(k) clearance from the United States Food and Drug Administration (FDA) for the ProSomnus EVO™ [PH] Sleep and Snore Device. The device joins the Company’s flagship product, the ProSomnus EVO™, in its line of FDA-cleared, patient-preferred, less invasive Precision Oral Appliance Therapy (OAT) devices for the treatment of OSA.
In May 2022, ProSomnus entered a definitive merger agreement with Lakeshore Acquisition I Corp. (Nasdaq: LAAA), a special purpose acquisition company. Upon closing, the combined company is expected to change its name to ProSomnus, Inc. and its Class A common stock is expected to be traded on the Nasdaq Capital Market under the symbol “OSA”.READ
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC Liquidations: Mission Advancement Acquisition Corp., and Clarim Acquisition Corp. Mission Advancement Acquisition Corp. Shareholders Approve Liquidation Date Amendment On December 6, 2022, the stockholders of Mission Advancement Corp. approved an amendment to allow...
BYTE Acquisition Corp. (NYSE:BYTS) announced this afternoon that its special meeting to extend its deadline, originally scheduled for Tuesday, December 20, 2022, has been postponed. The SPAC has not yet disclosed the new date for the meeting, but it is expected to be announced at a later date. BYTE did note that it intends to...
D and Z Media Acquisition Corp. (NYSE:DNZ) announced this afternoon that its special meeting, originally scheduled for 12:00 p.m. today, was convened and then adjourned, without conducting any business, to 1:30 p.m. on December 19. As of now, DNZ has a completion deadline of January 28, 2023, but is hoping to seek shareholder approval to add an extra...
EDOC Acquisition Corp. (NASDAQ:ADOC) has entered into a definitive agreement to combine with food oil processing company Australian Oilseeds at an enterprise value of $190 million. Australian Oilseeds manufactures food-grade, edible oils through several subsidiaries. Transaction Overview EDOC has an estimated $21.3 million in its current trust after seeing about 77.5% redemptions in extension votes....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Buzzfeed cuts 12% of staff, and ASIG plans to expand through acquisition upon completion of SPAC BuzzFeed cuts 12% of staff citing worsening econ conditions Digital media company BuzzFeed (NASDAQ:BZFD) is cutting 12%...