Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Iconiq Motors considers $4 billion deal and Redwire surges after closing combination
Chinese EV Startup Iconiq Said to Mull $4 Billion U.S. SPAC Deal
Chinese electric vehicle firm Iconiq Motors is considering going public in the U.S. through a merger with a blank-check company.
The startup is working with an adviser on a potential deal that could value the combined company at about $4 billion.
READRedwire Surges on NYSE Debut After Closing SPAC Deal
Space infrastructure conglomerate Redwire (NYSE:RDW) began trading on the New York Stock Exchange on Friday, joining a flurry of space companies closing SPAC mergers and going public.
Redwire, formed last year by private equity firm AE Industrial Partners, merged with Genesis Park, and now trades under the ticker “RDW.”
Shares of Redwire surged as much as 20% in trading from its previous close of $10.50.
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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...