The SPAC filed a letter to the SEC asking to withdraw its registration statement under Rule 477 in connection with shares to be paid to stockholders in Advent Technologies as part of its business combination with AMCI. The SPAC said it anticipates filing a new registration statement and asks the SEC to apply its previous filing fee toward any future registration. Read more. AMCI simultaneously filed a preliminary proxy on the deal, which is valued at $250 million minus Advent’s debt.
Related Posts
Insight Acquisition Postpones Vote on Extension
In January, the SPAC signed a preliminary non-binding leter of intent for a possible merger with Avila Energy in a transaction that assumes an enterprise value of the combined company of $185.28 million.
Viveon Health Acquisition Files Prelim Proxy on Suneva Medical Deal
Under terms of the proposed transaction announced less than two weeks ago, VHAQ will issue 25 million shares to current security holders of Suneva. Suneva stockholders may also receive up to 12 million earn out shares if certain stock price thresholds are met.
Northern Star III and IV Ink Non-Redemption Agreements
In both cases, the investors participating in the agreements would receive 62,500 sponsor shares for holding onto their stock through completion of a merger.
Latch Announces Effectiveness of S-4 in Pending $550M Merger with TS Innovation
The transaction values the combined company at $1.56 billion post-money. Upon closing, Latch’s common stock is expected to trade on the Nasdaq under LTCH.