Jack Creek (NASDAQ:JCIC) announced that its shareholders have approved its combination with Bridger Aerospace at a special meeting earlier today.
The parties have not yet released redemption figures, but the six SPACs that have completed deals since December 1 and reported results had an average of about 96.6% of shares redeemed.
Jack Creek showed some signs of trying to further engage with investors ahead of the final vote as it had earlier planned an extension vote for January 10, but postponed that twice to 4 pm ET today. With the shareholder approval in hand, Jack Creek expects to close the business combination “promptly” and has canceled that extension vote.
The SPAC announced its $869 million combination with firefighting plane operator Bridger Aerospace in August 2022. Bozeman, Montana-based Bridger manages a fleet of aerial firefighting planes serving both state and federal government contracts.
At announcement, Bridger expected to generate $38.6 million in EBITDA in 2022 out of $74.7 million in revenue.
Terms Tracker for the Week Ending September 13, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We were expecting this week to be busier than it was since it was the first 5-day week post-Summer. However, it was actually very light....
Alpha Star (NASDAQ:ALSA) has entered into a definitive agreement to combine with fintech firm XDATA at an equity value of $180 million. Tallinn, Estonia-based XData provides payment software and digital banking systems for business clients. The combined company is expected to trade on the Nasdaq once the deal is completed in late 2024. Transaction Overview...
At the SPAC of Dawn The market shifted this week on the see-saw of the US election prospects, but, beyond the policies at play, another impact the election could have on the SPAC market is the potential for a fair amount of people movement. Many of the biggest names in SPACland have been bundling donations...
At the SPAC of Dawn After what appeared to a pause in activity around the presidential debate, Southport (OTC:PORT) and Future Vision II (NASDAQ:FVNNU) broke the seal yesterday on both new business combinations and IPOs, respectively. Two SPACs are about to come off of the board as well, however, as 99 Acquisition Group (NASDAQ:NNAG) has...
Future Vision II Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FVNNU”, Friday, September 12, 2024. The new SPAC intends to focus its search on businesses within the technology, media, and telecommunications sector. Future Vision II’s sponsor team is...