Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Zoom in talks to invest in Cvent SPAC deal and Bustle owner eyes SPAC deal
Zoom Is in Talks to Invest in Cvent Blank-Check Deal
Zoom Video Communications Inc. is in talks to invest in the blank-check deal that would take event-management software company Cvent public, according to Bloomberg.
Dragoneer Growth Opportunities Corp. II is in discussions with potential investors including the video-chat platform about a private placement to support a deal with Cvent.
Zoom is negotiating to take a roughly 10% portion of the equity being raised for the deal.
Bustle Owner Eyes SPAC Deal, Acquires Some Spider Studios
Mr. Goldberg’s BDG Media Inc. is buying Some Spider Studios Inc., the digital-media company behind parenting websites Scary Mommy, Fatherly and the Dad, according to The Wall Street Journal. BDG Media aims to go public by merging with a SPAC later this year.
Latest SPAC Liquidations: 26 Capital Acquisition Corp. 26 Capital Acquisition Corp.(ADER) to Liquidate on September 21, 2023 26 Capital Acquisition Corp. (Nasdaq: ADER), today announced that it will be unable to complete an initial business combination within the time period required due to the Delaware Court of Chancery’s decision denying 26 Capital’s request for an order...
LatAmGrowth SPAC (NASDAQ:LATG) announced in an 8-K that it adjourned its special meeting yesterday to liquidate early and will reconvene it at 2 pm ET September 28. The proposals on its ballot would have initiated the process of winding down the SPAC and returning all trust capital to investors outside of $100,000 for dissolution expenses....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. JSE reviewing listing requirements with aim to simplify them The Johannesburg Stock Exchange will be reviewing all its listings requirements with the objective of further simplifying its requirements, as part of its ongoing efforts to create an...
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...
M3-Brigade III (NYSE:MBSC) announced this morning that it has closed its combination with Canadian energy producer Greenfire and the combined company is expected to trade on the NYSE under the symbol “GFR” later today. Concurrent with close, Greenfire also issued $300 million in new senior secured notes at a 2% discount, priced at $980 per...