Shareholders Approve Tenzing/Reviva Merger

Tenzing Acquisition in an 8-K filing today said shareholders voted to merge with pharmaceuticals company Reviva. The deal gives the combined company a valuation of $119 million. Read more.

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Maxpro Capital Acquisition Shareholders Approve Apollomics Deal

The SPAC also noted that 10,270,060 shares were redeemed in connection with the vote. That essentially wiped out Maxpro's cash in trust, which originally stood at $105 million. However, last month the SPAC announced PIPE subscriptions totaling $23.65 million -- more than enough to cover the $20 million minimum to close the deal.