Business architecture

Avila Energy Corporation announces the signing of a Non-Binding Letter of Intent with Insight Acquisition Corp to combine with the Company

Retrieved on: 
Thursday, January 26, 2023

The parties may also further extend such term on a mutually agreeable basis.

Key Points: 
  • The parties may also further extend such term on a mutually agreeable basis.
  • The Transaction, which will constitute the de-SPAC transaction of IAC, is expected to close later this year (the “Closing”).
  • Any proceeds that remain in trust following such redemption will be available to the Surviving Company at the Closing.
  • No minimum cash condition or other required financing is expected to be a condition to Closing the Transaction.

NorthView Acquisition Corp Announces Filing a Registration Statement on Form S-4 in Connection with a Proposed Business Combination with Profusa, Inc.

Retrieved on: 
Wednesday, January 25, 2023

The Registration Statement contains a preliminary proxy statement/prospectus in connection with the previously announced Business Combination Agreement between NorthView and Profusa.

Key Points: 
  • The Registration Statement contains a preliminary proxy statement/prospectus in connection with the previously announced Business Combination Agreement between NorthView and Profusa.
  • Although the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about Profusa and NorthView, as well as the proposed business combination.
  • On November 7, 2022, NorthView entered into a business combination agreement with Profusa.
  • Upon completion of the proposed transaction, the combined company is expected to be listed on the Nasdaq Stock Market (“Nasdaq”).

TKB Critical Technologies 1 Announces Retention of Approximately $53 million in Trust in Connection with Extension

Retrieved on: 
Wednesday, January 25, 2023

EL SEGUNDO, Calif., Jan. 25, 2023 (GLOBE NEWSWIRE) -- TKB Critical Technologies 1 (“TKB”)(Nasdaq: USCTU, USCT, USCTW) announced today that it has retained approximately $53 million in its trust account following the redemption deadline for the Class A ordinary shares initially issued in TKB’s IPO (“Public Shares”) in connection with TKB’s extraordinary general meeting (the “Extension Meeting”) seeking shareholder approval of an extension of the time that it has to consummate an initial business combination (“Extension”). The Extension was conditioned on TKB having at least 5.0 million Public Shares outstanding upon consummation of the Extension after taking into account valid redemptions. TKB further announced that such condition has been met.

Key Points: 
  • The Extension was conditioned on TKB having at least 5.0 million Public Shares outstanding upon consummation of the Extension after taking into account valid redemptions.
  • Shareholders may withdraw redemptions with TKB’s consent at any time until the vote is taken with respect to the Extension.
  • As previously disclosed, the Extension Meeting will reconvene at 4:00 p.m., Eastern time, on Friday, January 27, 2023.
  • The Extension to be voted on at the Extension Meeting, and any redemption reversals received prior to the vote at the Extension Meeting, would allow TKB to complete the Business Combination.

Bridger Aerospace and Jack Creek Announce Closing of Business Combination

Retrieved on: 
Tuesday, January 24, 2023

and NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, LLC (“Bridger” or “Bridger Aerospace”), a leading independent provider of aerial firefighting services, and Jack Creek Investment Corp. (“Jack Creek”) (NASDAQ: JCIC), a special purpose acquisition company, today announced the completion of their previously announced business combination (the “Business Combination”).

Key Points: 
  • and NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, LLC (“Bridger” or “Bridger Aerospace”), a leading independent provider of aerial firefighting services, and Jack Creek Investment Corp. (“Jack Creek”) (NASDAQ: JCIC), a special purpose acquisition company, today announced the completion of their previously announced business combination (the “Business Combination”).
  • The Business Combination was approved at a special meeting of Jack Creek shareholders on January 24, 2023.
  • Jack Creek’s Executive Chairman, Jeffrey Kelter, who is joining Bridger’s Board of Directors as Chairman added, “We are excited to finalize our business combination and continue our partnership with the Bridger management team.
  • Ropes & Gray LLP and Weil, Gotshal & Manges LLP are serving as legal advisors to Jack Creek.

Jack Creek Investment Corp. Announces Shareholder Approval of Business Combination, Cancellation of Extraordinary General Meeting for Extension

Retrieved on: 
Tuesday, January 24, 2023

NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Jack Creek Investment Corp. (“Jack Creek”) (Nasdaq: JCIC), a Cayman Islands exempted company, announced that earlier today Jack Creek held an extraordinary general meeting of its shareholders (the “EGM”), at which its shareholders approved Jack Creek’s business combination (the “Business Combination”) with Bridger Aerospace Group Holdings, LLC (“Bridger Aerospace”).

Key Points: 
  • NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Jack Creek Investment Corp. (“Jack Creek”) (Nasdaq: JCIC), a Cayman Islands exempted company, announced that earlier today Jack Creek held an extraordinary general meeting of its shareholders (the “EGM”), at which its shareholders approved Jack Creek’s business combination (the “Business Combination”) with Bridger Aerospace Group Holdings, LLC (“Bridger Aerospace”).
  • Jack Creek expects to close the Business Combination promptly.
  • As a result of shareholder approval of the Business Combination, Jack Creek also announced its decision to cancel Jack Creek’s extraordinary general meeting of shareholders in lieu of an annual general meeting, at which shareholders were expected to vote on a proposal to extend the date by which Jack Creek had to consummate a business combination, previously scheduled to be held on January 24, 2023 at 4:00 p.m. Eastern Time.
  • Jack Creek also announced its corresponding decision to withdraw from consideration by shareholders the proposals set forth in Jack Creek’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (the “SEC”) on January 17, 2023.

TKB Critical Technologies 1 Announces Adjournment of Extraordinary General Meeting to Approve Extension

Retrieved on: 
Tuesday, January 24, 2023

EL SEGUNDO, Calif., Jan. 24, 2023 (GLOBE NEWSWIRE) --  TKB Critical Technologies 1 (“TKB”)(Nasdaq: USCTU, USCT, USCTW), announced today that it has adjourned the extraordinary general meeting (the “Extension Meeting”) seeking shareholder approval of an extension of the time that it has to consummate an initial business combination (“Extension”).

Key Points: 
  • EL SEGUNDO, Calif., Jan. 24, 2023 (GLOBE NEWSWIRE) --  TKB Critical Technologies 1 (“TKB”)(Nasdaq: USCTU, USCT, USCTW), announced today that it has adjourned the extraordinary general meeting (the “Extension Meeting”) seeking shareholder approval of an extension of the time that it has to consummate an initial business combination (“Extension”).
  • The Extension Meeting will reconvene at 4:00 p.m., Eastern time, on Friday, January 27, 2023.
  • The Extension Meeting will still be held virtually via live webcast at http://www.cstproxy.com/tkbtech/2023.
  • The Extension to be voted on at the Extension Meeting, and any redemption reversals received prior to the vote at the Extension Meeting, would allow TKB to complete the Business Combination.

Ocean Biomedical Provides Corporate Update and Company Summary

Retrieved on: 
Tuesday, January 24, 2023

PROVIDENCE, RI and NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Ocean Biomedical (“Ocean”), a next-generation biopharma company, and Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA), a publicly traded special purpose acquisition company (SPAC), shared today an update on key company activities. Built on Ocean Biomedical’s expertise in technology transfer, a unique business model was created to bridge the ‘bench-to-bedside’ gap and accelerate the commercialization of novel assets from leading research universities and medical centers. Ocean Biomedical is expected to become a publicly traded company on NASDAQ under the symbols “OCEA” and “OCEAW” following the expected closing of a Business Combination with Aesther Corporation.

Key Points: 
  • PROVIDENCE, RI and NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Ocean Biomedical (“Ocean”), a next-generation biopharma company, and Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA), a publicly traded special purpose acquisition company (SPAC), shared today an update on key company activities.
  • Ocean Biomedical is expected to become a publicly traded company on NASDAQ under the symbols “OCEA” and “OCEAW” following the expected closing of a Business Combination with Aesther Corporation .
  • “The scientific and operational progress Ocean Biomedical has had to date, even without access to the public markets, is astounding – the company is at an inflection point, with multiple ways to win.
  • Each of these assets are progressing towards the next stage of their development pipelines,” said Dr. Chirinjeev Kathuria, Ocean Biomedical co-founder and Executive Chairman of the Board of Directors.

CIIG II and Zapp Announce Filing of Amended Registration Statement on Form F-4 by Zapp Electric Vehicles Group Limited in Connection with Their Proposed Business Combination

Retrieved on: 
Monday, January 23, 2023

NEW YORK and LONDON, Jan. 23, 2023 (GLOBE NEWSWIRE) -- CIIG Capital Partners II, Inc. (Nasdaq: CIIG) (“CIIG II”), a U.S. publicly-listed blank check company, and Zapp Electric Vehicles Limited (“Zapp” or the “Company”), a UK-based, high-performance two-wheel electric vehicle company, announce that Zapp Electric Vehicles Group Limited (“Pubco”) has filed with the Securities and Exchange Commission (“SEC”) an amended registration statement on Form F-4 (the “Amended Registration Statement”) containing a preliminary proxy statement and prospectus in connection with their proposed business combination (the “Business Combination”).

Key Points: 
  • NEW YORK and LONDON, Jan. 23, 2023 (GLOBE NEWSWIRE) -- CIIG Capital Partners II, Inc. (Nasdaq: CIIG) (“CIIG II”), a U.S. publicly-listed blank check company, and Zapp Electric Vehicles Limited (“Zapp” or the “Company”), a UK-based, high-performance two-wheel electric vehicle company, announce that Zapp Electric Vehicles Group Limited (“Pubco”) has filed with the Securities and Exchange Commission (“SEC”) an amended registration statement on Form F-4 (the “Amended Registration Statement”) containing a preliminary proxy statement and prospectus in connection with their proposed business combination (the “Business Combination”).
  • The Business Combination is expected to close in the first half of 2023, subject to stockholder approvals and other customary closing conditions.
  • The Amended Registration Statement on Form F-4 can be obtained without charge at the SEC’s website at www.sec.gov.
  • For a summary of the material terms of the Business Combination as well as a description of Zapp’s business, please refer to the Amended Registration Statement.

Oportun Wins CEO Connection 2023 Economic Justice Award

Retrieved on: 
Monday, January 23, 2023

SAN CARLOS, Calif., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Oportun (Nasdaq:OPRT), a mission-driven fintech and digital banking platform, today announced that it has been named a winner of the 2023 CEO Connection Economic Justice Award and recognized as an Economic Justice Champion. This award recognizes mid-market companies that are influencing change, innovation, and standards for excellence, while making equal opportunity in their companies and communities a way of life.

Key Points: 
  • SAN CARLOS, Calif., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Oportun (Nasdaq:OPRT), a mission-driven fintech and digital banking platform, today announced that it has been named a winner of the 2023 CEO Connection Economic Justice Award and recognized as an Economic Justice Champion.
  • This award recognizes mid-market companies that are influencing change, innovation, and standards for excellence, while making equal opportunity in their companies and communities a way of life.
  • Based on their scores, the companies were recognized for the following levels of achievement: Economic Justice Champions, Economic Justice Advocates, Economic Justice Engaged.
  • The 2023 Mid-Market Economic Justice Award winners set an amazing example for others,” said Kenneth Beck, CEO of CEO Connection, “and they do it because it is the RIGHT thing to do, not just because it makes good business sense.“
    Click here for more information on the 2023 CEO Economic Justice Awards.

Quality Gold, Inc. Announces Acquisition of HERCO Jewelry Company

Retrieved on: 
Thursday, January 19, 2023

FAIRFIELD, Ohio, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Quality Gold, Inc. and certain of its affiliates and subsidiaries (“Quality Gold” or the “Company”), a leading vertically integrated specialty logistics and jewelry distributor that has entered into a business combination agreement (the “Business Combination Agreement”) with Tastemaker Acquisition Corp. (Nasdaq: TMKR) (“TMKR” or Tastemaker”), today announced it has signed a definitive agreement to acquire HERCO Jewelry Company (“HERCO”), a leading family-owned wholesale jewelry company specializing in higher-end 14K, 18K, and Platinum designs. The acquisition is expected to be completed by mid-February.

Key Points: 
  • Strategic acquisition of wholesale jewelry company, HERCO, which generated more than $25 million in revenues (unaudited) in its fiscal year 2022, complements Quality Gold’s product suite and expands its distribution network
    FAIRFIELD, Ohio, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Quality Gold, Inc .
  • and certain of its affiliates and subsidiaries (“Quality Gold” or the “Company”), a leading vertically integrated specialty logistics and jewelry distributor that has entered into a business combination agreement (the “Business Combination Agreement”) with Tastemaker Acquisition Corp. (Nasdaq: TMKR) (“TMKR” or Tastemaker”), today announced it has signed a definitive agreement to acquire HERCO Jewelry Company (“HERCO”), a leading family-owned wholesale jewelry company specializing in higher-end 14K, 18K, and Platinum designs.
  • "We are thrilled to welcome HERCO into the Quality Gold family,” said Quality Gold’s co-founder and Chief Executive Officer, Michael Langhammer.
  • “Both Quality Gold and HERCO have demonstrated a track record of success as family-owned businesses spanning several decades, and we believe HERCO represents an ideal acquisition given its strong product offerings and distribution capabilities.