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Posts by Marlena Haddad
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2022-11-25 at 11:02am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Ex-Marvel chief takes the wheel at Arrival, Paysafe plans reverse stock split, and Dave Inc. to pursue a bank charter Founder of troubled electric van maker Arrival steps aside as CEO The founder...

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2022-11-23 at 4:49pm

Venus Acquisition Corp. (NASDAQ:VENA) announced this afternoon that it has secured an investor for a backstop agreement in connection to its business combination with VIYI Algorithm. Venus and its sponsor, Yolanda Management Corporation, entered into a backstop agreement with Joyous JD Limited to purchase VENA shares from third parties through a broker in the open market, or...

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2022-11-23 at 11:37am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Cilo Cybin flops after failing to lure South Africa investors, DWAC wins shareholder support for one year extension, and Watersight adds global companies to AquaRing pilot program Cannabis SPAC Flops After Failing to...

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2022-11-23 at 8:51am

ACE Convergence (NASDAQ:ACEV) announced this morning that its shareholders have approved its business combination with electronics manufacturer Tempo during a special meeting held on November 17. The SPAC did not disclose redemption amounts, but shares of ACEV traded above its trust value of $10 throughout its redemption deadline November 15. ACEV’s share price has since come...

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2022-11-22 at 5:45pm

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC Liquidations: Orion, Austerlitz I, Austerlitz II, Fortress Value II, and Fortress Value IV Orion Acquisition Corp. to Liquidate Trust Orion (NASDAQ:OHPA) disclosed in an 8-K this afternoon that shareholders have approved an amendment to move...

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2022-11-22 at 1:44pm

Hainan Manaslu Acquisition Corp. (NASDAQ:HMAC) has entered into a definitive agreement to combine with brand management company Able View at an estimated enterprise value on a pro-forma basis of approximately $400 million. Shanghai-based Able View is a cross-border brand management company focusing on beauty and personal care segments. The combined company is expected to trade on the Nasdaq...

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2022-11-22 at 12:13am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: GloriFi to shut down, BM Technologies’ acquisition of Seattle community bank pushed to 2023, and Core Scientific loses $1.7 billion Texas-based fintech firm GloriFi to shut down Texas-based fintech firm GloriFi is shutting...

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2022-11-22 at 11:43am

CIIG Capital Partners II (NASDAQ:CIIG) has entered into a definitive agreement to combine with Zapp Electric Vehicles Limited at a fully-diluted post-transaction enterprise value of $573 million. London-based Zapp aims to redefine the electric two-wheeler segment through its i300 bike. The combined company is expected to trade under the symbol “ZAPP” on the Nasdaq once the deal is...

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2022-11-21 at 5:37pm

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC Liquidations: GigInternational 1 and HumanCo GigInternational1 Announces Expiration of Exclusivity of Term Sheet for a Business Combination with Convalt Energy, Inc. and Liquidation and Redemption of Public Shares GigInternational1, Inc. (Nasdaq: GIW) announced this...

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2022-11-21 at 5:17pm

ACE Convergence (NASDAQ:ACEV) announced this afternoon that it has secured a committed equity facility of up to $100 million with White Lion Capital. Under the terms of the facility, White Lion Capital has committed to purchase up to an aggregate of $100 million in the post-closing combined company’s common shares from time to time after the...

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