Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bitcoin Depot reports preliminary first quarter 2023 results, and Marley Spoon to list on Frankfurt Stock Exchange via SPAC deal
Bitcoin Depot Reports Preliminary First Quarter 2023 Results
GSR II Meteora Acquisition Corp. (NASDAQ: GSRM), a special purpose acquisition company, and Lux Vending LLC dba Bitcoin Depot Inc., a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today reported Bitcoin Depot’s preliminary unaudited financial results for the first quarter ended March 31, 2023. Bitcoin Depot also plans to post an updated investor presentation to the Company’s investor relations website with recent financial results and company developments today.
Total revenue for the first quarter of 2023 is expected to range between $163 million and $165 million, a 5% to 6% improvement compared to $155 million in the first quarter of 2022.
READMarley Spoon to decamp to Frankfurt Stock Exchange via SPAC deal
Meal delivery service Marley Spoon and its advisers at Greenhill & Co have laid out a three-course meal for investors, serving a buyout bid from a Frankfurt-listed SPAC, an equity raising and debt relaxations.
First up, the $52 million placement had no trouble finding backers – old and new – even though the 17¢ per CDI price was a 17 percent premium to the last close. On the debt side, Marley Spoon’s primary lender Runway Growth Finance Corp has extended maturities and agreed to an interest-only periods.
Marley Spoon and Greenhill have hammered out a takeover from a Frankfurt Stock Exchange-listed SPAC that’s related to its current investor 468 Capital – in a scrip deal that implies a 45 percent premium to where the CDIs last traded.
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Latest SPAC Liquidations: JAWS Hurricane JAWS Hurricane Acquisition Corporation (HCNE) to Liquidate on June 16 JAWS Hurricane Acquisition Corporation (Nasdaq: HCNE) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. As such, the Board has determined to cancel the special meeting of its stockholders,...
Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced this afternoon that it has completed its combination with Chinese carmaker Chijet. The deal was already approved by shareholders at a special meeting held on May 2, but at that time, the SPAC did not provide a timeline for the closing of the transaction. Although redemption numbers have still not...
The advent of summer is bringing nine lock-up expirations for de-SPAC’d companies and 10 on the sponsor side. The first change is to come for the sponsor of European Biotech Acquisition Corp., which closed its combination with Swiss pharma firm Oculis SA (NASDAQ:OCS) just three months ago. The sponsor is getting flexibility at a good...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Lucid to raise $3B in a common stock offering from Saudi owners, Betsy Cohen says SPACs will make a comeback, and SatixFy makes another leadership change Lucid Raising $3 Billion With More Money From...
An article on Bloomberg yesterday announced what many in SPAC Land have been wondering after UBS acquired Credit Suisse – where was Niron Stabinsky, the Head of SPACs at Credit Suisse, going to land? The answer is Banco Santander SA, in what appears to be a massive lift of most (or nearly all) of Credit...