Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Kevin Durant launches $200 million SPAC; Forbes announces launch of international editions in Chile and Peru
Basketball Star Kevin Durant Launches $200 Million SPAC
Brooklyn Nets star Kevin Durant has become the latest celebrity to endorse a blank-check firm after his Infinite Acquisition Corp. filed for an IPO of up to $200 million on Wednesday.
Infinite Acquisition said it would focus on buying companies in sectors such as sports, health, e-commerce, food and cryptocurrency.
Durant will co-lead the SPAC alongside entrepreneur Rich Kleiman. The duo earlier co-founded venture firm Thirty Five Ventures. Investment and merchant bank LionTree is also a sponsor of the SPAC.
READForbes Announces Launch of Forbes Chile and Forbes Peru
In partnership with Media Business Generators (Mexican media holding), Forbes announced today the launch of two international editions, Forbes Chile and Forbes Peru, in partnership with Media Business Generators.
Both Spanish-language editions are launching online in November 2021. Readers from Chile and Peru, and from all over the world will be able to access content on www.forbes.cl and www.forbes.pe respectively.
Forbes recently announced plans to go public through a business combination with Magnum Opus (NYSE: OPA), which is expected to close in Q4 2021 or Q1 2022.
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Trajectory Alpha Acquisition Corp. (NYSE:TCOA) announced this afternoon that it has entered into a purchase and contribution agreement with its sponsor and J. Streicher Holdings, LLC. As a result, the SPAC will undergo a change in management. As part of the agreement, J. Streicher will pay $250,000 to Trajectory Alpha and $1.00 to the sponsor. In return,...
Latest SPAC Liquidations: Sound Point I, Bullpen Parlay, and Zimmer Energy Transition Sound Point Acquisition Corp I (SPCM) to Liquidate on June 4 Sound Point Acquisition Corp I, Ltd (NASDAQ: SPCM) announced today that it intends to liquidate and dissolve, effective as of June 4, 2023, and will redeem all of the outstanding Class A...
Latest Non-Redemption Agreements: GSR II Meteora Acquisition Corp. GSR II Meteora Acquisition Corporation (GSRM) Adds Non-Redemption Agreement On May 31, 2023, GSR II Meteora Acquisition Corp., (NASDAQ:GSRM), entered into certain non-redemption agreements with certain third parties in connection with the special meeting of stockholders. Pursuant to such Non-Redemption Agreements, each Non-Redeeming Stockholder agreed that it will...
Athena Technology Acquisition Corp. II (NYSE:ATEK) announced this afternoon that it is postponing its extension vote scheduled for June 12 until June 13. Shareholders at the special meeting are to vote on a proposal to allow Athena Technology II to extend its transaction deadline on a monthly basis up to nine times from June 14,...
Clover Leaf Capital Corp. (NASDAQ: CLOE) has entered into a definitive agreement to combine with Digital Ally, Inc.’s (NASDAQ: DGLY) ticketing platform Kustom Entertainment at a pro forma equity value of approximately $222.2 million. Kansas City, Kansas-based Kustom Entertainment is a primary and secondary ticket platform that manages wholly-owned subsidiaries TicketSmarter and Kustom 440. Transaction Overview Clover...