S-4 Filing

OceanTech thus far has made two unsuccessful attempts to reach the altar. The SPAC in February called off a proposed merger with fintech Majic Wheels by mutual agreement and last October terminated a deal with Captura Biopharma.

Additional non-redeem agreements are expected before the shareholder vote next week, the SPAC said in the regulatory filing.

The SPAC has a merger agreement in place with Flexi Group, a workspace provider.

PowerUp raised $287.5 million in its February 2022 IPO with plans to acquire a business within the interactive media, digital media, sports, entertainment, and/or leisure sectors.

The nine extension periods under consideration would be dependent on monthly installments of $120,000 into trust.

Redemptions ahead of an extension vote in February erased 94% of the SPAC's trust.

Churchill VI and VII both announced the signing of letters of intent Feb. 17 for potential deals. That was the same date the SPACs were due to terminate unless they had at least an LOI in hand. That gave each SPAC an automatic three-month extension until May.

A second proposal on the ballot, if approved, would direct the SPAC to deposit cash equal to one-third of 1% of the trust balance into the trust account for each month required under the extension.

Announced in October, terms call for DiaCarta to receive the approximately $414 million in HH&L’s trust, assuming no redemptions, as well as potential additional financing via PIPE.

VMG is targeting high-growth consumer and retail companies.