Indie Semiconductor (NASDAQ:INDI), which merged with Thunder Bridge II in June 2021, announced this morning that it has launched an exchange offer to convert each outstanding warrant to 0.285 Class A shares in the company. At Indie’s last closing price of $6.22, this is $1.77 of value each, although the stock has been rising since...
Atlantic Coastal II (NASDAQ:ACAB) has entered into a definitive agreement to combine with drug developer Abpro at a valuation of $725 million. Woburn, Massachusetts-based Abpro is advancing a series of drug candidates to potentially treat COVID, cancer and diabetic blindness. The combined company is expected to trade on the Nasdaq once the deal is completed...
GigCapital5 (NYSE:GIA) announced in an 8-K that it will drop its lawsuit against its merger target QT Imaging and the two sides will continue working toward close under a slightly amended business combination agreement. Things got messy earlier this month as GigCapital5 filed its suit in Delaware court a day before the two sides’ outside...
Twin Ridge (NYSE:TRCA) announced this morning that it has added a $110 million structured equity facility to its combination with automotive wheel manufacturer Carbon Revolution (ASX:CBR) among other deal tweaks. Orion Infrastructure Capital (OIC) has agreed to provide the funds in tranches in exchange for Class A shares and a single warrant that would entitle...
Nabors Energy Transition Corp. (NYSE:NETC) announced this morning that Vast has added an equity commitment of up to $10 million to its combination with concentrated solar power producer Vast. The new commitment comes at $10.20 per share from the Canberra Airport Group and half of it is to come up front at close. A further...
TradeUP (NASDAQ:UPTD) announced in an 8-K this afternoon that has entered into additional subscription agreements in connection with its combination with Estrella Biopharma. Under these subscription agreements, Plentiful Limited and Lianhe World Limited, collectively known as the “Investors”, agreed to each buy $5,000,000 worth of UPTD’s common stock, priced at $10.00 per share. However, if,...
Latest Non-Redemption Agreements: Live Oak Crestview Climate Acquisition Corp. Live Oak Crestview Climate Acquisition Corp. (LOCC) Adds Non-Redemption Agreement Live Oak Crestview Acquisition Corp. (NASDAQ:LOCC) came to a non-redemption agreement with an investor that will cover the lesser of 231,023 or 9.9% of its total outstanding Class A shares. These shares will not be redeemed...
Kingswood (OTC Pink:KWAC) announced via 8-K this afternoon that they have entered into their Second Amendment to the merger with broker-dealer aggregator Wentworth Management Services LLC. This combination was originally announced over a year ago in July of 2022, with a pro forma enterprise value of $208 million. New York City-based Wentworth Management Services LLC specializes...
Golden Star (NASDAQ:GODN) has entered into a definitive agreement to combine with gaming company Gamehaus at an enterprise value of $500 million. Shanghai-based Gamehaus helps small and medium-sized mobile game developers get their games published and marketed with data tools and direct capital investments. The combined company is expected to trade on the Nasdaq once...
Sagaliam (NASDAQ:SAGA), which previously announced it had signed a non-binding letter of intent (LOI) for the purchase of Biogenysis, Inc. and Virogentics Inc., operating subsidiaries of Enzolytics Inc. (OTC Pink: ENZC), announced this afternoon that it has now executed a definitive business combination agreement. However, additional details were sparse. The LOI was initially announced on...