Prime Number I (NASDAQ:PNAC) announced this morning that it expects to close its combination with EV battery-maker Noco-Noco later today.
The combined company’s shares and warrants are expected to begin trading on the Nasdaq under the symbols “NCNC” and “NCNCW” beginning August 28.
Prime Number I secured shareholder approval for the deal on August 16 with just 65.6% of its shares redeemed in the end, giving it the second lowest redemptions result for a SPAC reaching completion of 2023.
Prime Number I initially announced its $1.3 billion merger with battery-maker Noco-Noco in December 2022. Singapore-based Noco-Noco is developing carbon-zero EV batteries and lithium-ion separators.
In April, it announced it had signed a memorandum of understanding to work on a proof-of-concept for fuel cell and battery-powered buses for the Kyushu Sanko Group.
Perimeter Corp I (NASDAQ:PMTRU) has filed for a $150 million SPAC to hunt for a target among space and defense companies, aiming to repeat a de-SPAC play that has been the most resilient to this year’s market downturn. The new SPAC is the third to file an initial S-1 with Citigroup since the start of...
At the SPAC of Dawn Much of the theses around the stampede of SPAC deals with EV makers during the boom boiled down to, “Can any EV brand catch up to Tesla? And, if so, would you want to be able to hop in as an investor now?” Investors at the time answered that there...
Gesher Acquisition Corp. II (NASDAQ:GSHRU) announced the pricing of its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GSHRU”, Friday, March 21, 2025. The new SPAC aims to combine with a technology company in Israel, potentially in the fields of electric vehicles, autonomy, robotics, agtech, or...
At the SPAC of Dawn Futures continue to be green following a “hold steady” message out of the Fed and heading into jobless claims numbers and other indicators. US President Donald Trump has weighed in that he would like to see a rate cut sooner rather than later and differed with the body’s predictions on...
At the SPAC of Dawn Futures have tipped slightly green in anticipation of the Fed’s rate cut decision and follow several trading sessions in a row that ended positively in European markets. SPAC filings have meanwhile been notably light this week overall, as the uncertainty may have caused some pauses in activity as teams wait...