8-K Filing

The extra time is needed, the SPAC has said, to finalize its deal with  Baird Medical, a microwave ablation medical device developer and provider in China and the United States.

The SPAC last August announced a merger agreement with One Energy, a vertically integrated industrial power solutions company. The deal has an implied pre-money enterprise value of $300 million.

Capitalworks last month mutually agreed to terminate a merger agreement with reinsurance and digital insurance provider Lexasure Financial Group. The deal was announced a year ago at a pre-money equity value of $250 million.

The SPAC has lost just over 95% of its shares to redemptions on extensions since its $170 million IPO in July 2021. Formerly Mercury Ecommerce Acquisition, the SPAC was renamed in January 2023.   

The executive was removed as CEO and CFO, and demoted to an assistant finance manager.

The target is a diversified medical technology company.

Tokyo-based SBC Medical Group specializes in medical care and special treatment including cosmetic surgery, infertility, dental, and orthopedics.

The SPAC in August announced a deal with Scage International Limited at a post-combination valuation of $1 billion. Headquartered in Nanjing, China, Scage is a zero-emission solution provider focused on new energy heavy-duty commercial vehicles and e-fuel solutions.

The acquisition positions the standalone Lionsgate Studios as a platform-agnostic, pure play content company with a deep portfolio of franchise properties. The deal has a $4.6 billion enterprise value.

The SPAC in February announced a merger agreement with Car Tech, a U.S. stamped auto-body parts manufacturer and subsidiary of Korean supplier, Shinyoung Co.