S-4 Filing

The SPAC has a $135.7 million deal pending with Avanseus, which specializes in building enterprise solutions driven by analytics, artificial intelligence, machine learning, and cognitive computing. 

The latest proposal, if approved, would give the SPAC up to six monthly extensions to Oct. 28. In return, the SPAC would deposit 3.3 cents a share into trust for each month.

The SPAC last June annoucned a deal with Royalty Management, which "focuses on current revenue streams through undervalued resources that fit the modern infrastructure market while making investments in assets that fit tomorrow’s electrification, mineral resources and infrastructure needs."

The fintech-focused SPAC raised $200 million in an October IPO.

After multiple extension votes -- the most recent giving the SPAC until December to close the deal -- Blue Safari Group's trust was down to $18.15 million after redemptions. Blue Safari had raised $50 million in a June 2021 IPO.

In return for monthly extensions up to Sept. 30, the SPAC would deposit $125,000 into trust for each month required. WaveTech specializes in next-generation battery-enhancing technologies. 

Although the sponsor has the option of securing an automatic three-month extension by depositing $3.45 million into trust, the SPAC said its sponsor "has no intention" of exercising that option.

Breeze in November announced plans to merge with TV Ammo, a technology manufacturing company aimed at disrupting the global ammunition industry.

The merger transaction values the combined company at an equity value of approximately $1.85 billion, including approximately $1.7 billion attributable to Infinite Reality.

The company said it expects that there will be significant redemptions at the special meeting.