Emerging Markets Social Platform Asia Innovations Merging with Magnum Opus Acquisition in $2.5B Deal
The deal represents the largest consumer Internet SPAC merger announced this year.
September 30, 2022
The deal is expected to provide up to $230 million in gross proceeds to YS Biopharma, including $30 million from forward purchase investors and up to approximately $200 million currently in Summit's trust account.
September 30, 2022
Consumer Direct Holdings, a Self-Directed Personal Care Network, to Merge with DTRT Health Acquisition in $681M Deal
The transaction is expected to deliver $234 million of cash held in the SPAC’s trust account (assuming no redemptions) and up to $150 million in debt financing.
September 29, 2022
Concurrently with the signing of the merger agreement, Indiev founder and CEO Hai Shi signed a PIPE subscription agreement to purchase $15 million in Malacca shares at $10 per share.
September 27, 2022
The transaction is anticipated to generate gross proceeds of approximately $320 million, assuming minimal redemptions.
September 26, 2022
IG Acquisition in a definitive proxy filed earlier this month called a Sept. 29 meeting for shareholders to vote on an extension proposal that would push the SPAC’s merger deadline back to April 5.
September 22, 2022
Terms call for the target to receive $200 million in gross proceeds from Avalon’s cash in trust – assuming no redemptions.
September 21, 2022
Space Exploration Company Intuitive Machines Merging with Inflection Point Acquisition in $815M Deal
Inflection Point currently holds approximately $330 million of cash in trust, including $29 million of committed capital from an affiliate of its sponsor.
September 16, 2022
The transaction will be funded by up to $180 million from cash in the SPAC's trust and $100 million that TPB intends to raise through a PIPE at $10 per share.
September 15, 2022
Assuming no redemptions by Maxpro’s stockholders, Apollomics would receive up to $105 million of cash from the SPAC's trust. The minimum cash condition is $20 million.
September 14, 2022