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.
READ
Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that it has come to a forward purchase agreement (FPA) with Meteora Capital Partners involving up to 2,500,000 shares for its combination with NKGen Biotech. Meteora is to purchase up to that amount on the open market prior to close, capped at 9.9% of...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Heard on the Street: VinFast’s SPAC Backers Are Backing Out Even by the standards of electric-vehicle startups, the $40 billion market value of Vietnamese electric-vehicle startup VinFast is wild, following its combination with Black Spade last month....
Murphy Canyon (NASDAQ:MURF) announced this morning that it has closed its combination with Conduit Pharmaceuticals and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “CDT” and “CDTTW” on September 25. The company also closed a purchase of $20 million in Murphy Canyon units at close, which is to...
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...