Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: HighPeak Energy explores sale, Bitcoin Depot strengthens U.S. footprint with new retail partnerships, and Intuitive Machines agrees to deliver AstroForge to space
U.S. oil producer HighPeak Energy says it will explore sale
HighPeak Energy Inc (NASDAQ: HPK), an oil-focused exploration and production company operating in the heart of the Permian basin, said on Monday it would explore strategic options including possible sale of the company.
U.S. energy producers have enjoyed stellar returns in the last two years, buoyed by higher oil prices stemming from the economic rebound from the pandemic and disruption to supply markets caused by Russia’s invasion of Ukraine.
Leading Bitcoin ATM Operator Bitcoin Depot Strengthens U.S. Footprint with New Retail Partnerships
Lux Vending, LLC dba Bitcoin Depot Inc., a U.S.-based Bitcoin ATM operator and leading fintech company, today announced multiple partnerships with convenience store brands with locations spanning across several states, including FastLane, Gas Express, High’s, Majors Management and Stinker Stores. These partnerships bolster Bitcoin Depot’s retail footprint across the U.S. and further support Bitcoin Depot’s mission to Bring Crypto to the Masses.
GSR II Meteora Acquisition Corp. (NASDAQ: GSRM) is blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Intuitive Machines Announces Agreement to deliver AstroForge Asteroid Mining Payload to Deep Space
Intuitive Machines, LLC, a leading space exploration, infrastructure, and services company, today announced the execution of an agreement to deliver Brokkr-2, a deep space vehicle from California-based asteroid mining company, AstroForge, Inc., to deep space to observe one of AstroForge’s target asteroids.
As previously announced, Intuitive Machines signed a definitive business combination agreement with Inflection Point Acquisition Corp. (Nasdaq: IPAX, IPAXU, IPAXW) (“Inflection Point”), a publicly traded special purpose acquisition company, that is expected to result in Intuitive Machines becoming publicly listed.READ
Listing of 11 UAE companies to raise more than $2.18bn in 2023
The listing of 11 companies on the UAE capital markets this year will raise more than Dh8 billion ($2.18 billion), the deputy chief executive of the Securities and Commodities Authority has said.
Four free-zone entities and two SPACs are in the listing pipeline in 2023, Mohamed Al Hadari said in his address at the Mena IPO Summit on Tuesday.
“While 2021 was a year of recovery, 2022 and 2023 will see significant growth and development in the local markets and IPO markets,” he told delegates in Dubai.READ
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...
Terms Tracker for the Week Ending November 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This being the Thanksgiving holiday week, we are thankful for a lot of things, but mostly that 2023 is almost over. It’s been a rough...