Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: ACG Acquisition receives Brazil antitrust approval for mine acquisition, and GEM to fund European Lithium’s development of Austrian mine
ACG Acquisition notes Brazil antitrust approval for mines acquisition
ACG Acquisition Co Ltd (LON: ACG) on Thursday said the Brazilian antitrust authority unconditionally approved its acquisition of mines in Brazil.
The special purpose acquisition company, which is looking to benefit from favorable price conditions for new economy metals and other mining materials, said the Conselho Administrativo de Defesa Economica approval was one of the conditions to closing the acquisition.
READEuropean Lithium says Luxembourg’s GEM to fund USD 125 mln for Austrian mine, supply deal with BMW
European Lithium said Luxembourg’s alternative asset manager GEM will fund its unit for the development of Europe’s largest lithium mine, Wolfsberg in Austria, which has a supply deal with German automaker BMW AG.
Under the terms of the facility, the unit, Critical Metals would have access to draw down up to $125 million through the issuance of new shares directly to GEM Global Yield LLC over a three year period.
The company spun off its project in a proposed deal with Sizzle Acquisition Corp. last year to form Critical Metals.
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Plum Acquisition Corp. I (NASDAQ:PLMI) has entered into a definitive agreement to combine with digital transformation company Veea for a total enterprise value of approximately $281 million. New York City-based Veea aims to simplify secure edge computing by improving application responsiveness, reducing bandwidth and data transport costs, and eliminating central cloud dependency. The parties expect the transaction to be...
L Catterton Asia (NASDAQ:LCAA) announced this morning that it has upsized the committed financing in its combination with EV sports car maker Lotus to $870 million in total. The latest fuel injection comes in the form of $750 million in convertible notes and PIPE commitments under so far undisclosed terms. Counted purely as a PIPE,...
At the SPAC of Dawn SPAC closing timelines can always be somewhat unpredictable, but PROOF I (NYSE:PACI) has the opportunity today to vie for a recent speed record today. It announced a combination with private aviation firm Volato 118 days ago on August 2 and its shareholders are set to vote to approve the combination...
Dune Acquisition Corporation (NASDAQ:DUNE) announced in an 8-K today that it has once again modified its agreement with sustainable energy firm Global Hydrogen. This amendment marks a reduction in Global Hydrogen’s equity value from $48 million to $43 million, alongside an increase in the available shares of common stock that is for the Global Gas Corporation...
At the SPAC of Dawn After mixed signals for the consumer sector earlier this month, initial Black Friday sales numbers have shown that Americans were not too stuffed for a shopping spree this year. Shoppers bagged between $9.8 billion and $10 billion in goods online, depending on one’s preferred source, either of which would be...