The extension will give the SPAC, another year to finalize its long-stalled merger with the parent company of the pro-Trump social network Truth Social.
The Latest SPAC News and Rumors: September 6, 2023
by Marlena Haddad on 2023-09-06 at 11:32am
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Babylon Health sells majority of UK assets to eMed and Truth Social extends deadline, avoiding liquidation
Babylon Health sells majority of UK assets to eMed
London-based multinational digital health firm Babylon has sold almost all of its U.K. assets to digital health company eMed Healthcare U.K., a subsidiary of U,S, company eMed, after announcing in early August that its deal to merge with Swiss tech firm MindMaze was canceled.
Babylon Healthcare Services Limited, the piece of Babylon purchased by eMed and the bulk of what remained of Babylon Health, includes a U.K.-based telehealth practice focused on preventative care that contracts with healthcare providers. Financial terms of the sale were not disclosed.
READTruth Social investment partner extends deadline, avoiding liquidation
Shareholders in Digital World Acquisition (NASDAQ:DWAC), the investment partner of former president Donald Trump’s media start-up, approved an extension of the company’s merger deadline, giving it more time to complete the deal, Digital World said Tuesday.
Recent Posts
by Kristi Marvin on 2023-09-28 at 5:32pm
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by Kristi Marvin on 2023-09-28 at 4:40pm
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by Nicholas Alan Clayton on 2023-09-28 at 11:45am
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by Nicholas Alan Clayton on 2023-09-28 at 11:29am
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Law firm Schulte sues SPAC over fees from failed Philippine casino merger U.S. law firm Schulte Roth & Zabel is suing its former client 26 Capital Acquisition Corp to recover more than $1.9 million in legal fees...
by Nicholas Alan Clayton on 2023-09-28 at 10:56am
Fortune Rise Acquisition Corp. (NASDAQ:FRLA) announced this morning that it has changed the target of its letter of intent to combine, but only partially. The SPAC had an existing LOI to merge with its own sponsor, but since that sponsor is now a subsidiary of another company it has to combine with a different version...