Business architecture

Yotta Acquisition Corporation Announces Filing of Registration Statement on Form S-4 in Connection with Proposed Merger

Retrieved on: 
Thursday, January 5, 2023
Biotechnology, Natural Resources, Finance, Health, Professional Services, Food, Beverage, Other Natural Resources, Retail, Acquisition, Sports Properties Acquisition Corporation, OTCQB, Business architecture, Yotta-

Yotta Acquisition Corporation (“Yotta”), a special purpose acquisition corporation announced that it has filed a Registration Statement on form S-4 in connection with its proposed acquisition of NaturalShrimp Incorporated (OTCQB: SHMP) (“NaturalShrimp”), a biotechnology aquaculture company that has developed and patented the first shrimp-focused commercially operational recirculating aquaculture system.

Key Points: 
  • Yotta Acquisition Corporation (“Yotta”), a special purpose acquisition corporation announced that it has filed a Registration Statement on form S-4 in connection with its proposed acquisition of NaturalShrimp Incorporated (OTCQB: SHMP) (“NaturalShrimp”), a biotechnology aquaculture company that has developed and patented the first shrimp-focused commercially operational recirculating aquaculture system.
  • On October 24, 2022, Yotta and NaturalShrimp entered into a Business Combination Agreement for a proposed merger of the two companies.
  • Under the terms of the Business Combination Agreement with Yotta, Yotta Merger Sub, Inc., a Nevada corporation (“Merger Sub”) and wholly owned subsidiary of Yotta Acquisition Corporation, will merge with and into NaturalShrimp, after which NaturalShrimp will be the surviving company and a wholly owned subsidiary of Yotta Acquisition Corp. and Yotta shall change its name to NaturalShrimp, Inc.
  • Yotta Acquisition Corp. will issue 17.5 million of its common shares (current valuation of $175.0 million) to the security holders of NaturalShrimp.

Alvarium Tiedemann Announces Issuance of Bonus Shares to Non-Redeeming Public Shareholders

Retrieved on: 
Wednesday, January 4, 2023
Finance, Consumer, Professional Services, Asset Management, Entrepreneur, Share (finance), Bonus share, Joel Tobeck, Business architecture, Security (finance), Cartesian

Alvarium Tiedemann Holdings, Inc. (NASDAQ: ALTI) (“Alvarium Tiedemann” or “AlTi” or the “Company”) announced that in accordance with the Sponsor Support Agreement, dated as of September 19, 2021 (as amended, the “Sponsor Support Agreement”), at the closing of the Business Combination, Cartesian’s sponsor, CGC Sponsor LLC, forfeited a total of 2,118,569 shares of Class A common stock, which shares were issued to public shareholders of Cartesian who did not elect to redeem their shares and investors in the private placement consummated concurrently with the closing of the Business Combination (collectively, the “Bonus Shares”).

Key Points: 
  • Alvarium Tiedemann Holdings, Inc. (NASDAQ: ALTI) (“Alvarium Tiedemann” or “AlTi” or the “Company”) announced that in accordance with the Sponsor Support Agreement, dated as of September 19, 2021 (as amended, the “Sponsor Support Agreement”), at the closing of the Business Combination, Cartesian’s sponsor, CGC Sponsor LLC, forfeited a total of 2,118,569 shares of Class A common stock, which shares were issued to public shareholders of Cartesian who did not elect to redeem their shares and investors in the private placement consummated concurrently with the closing of the Business Combination (collectively, the “Bonus Shares”).
  • The Bonus Shares were issued pro rata based on the number of shares of Class A common stock held by such holders immediately prior to the closing of the Business Combination or subscribed for in the private placement.
  • As a result of the issuance of the Bonus Shares, public shareholders of Cartesian who did not elect to redeem their shares will receive approximately 1.121617 shares of Class A common stock of AlTi for each share held immediately prior to the closing of the Business Combination.

Tiedemann Group and Alvarium Investments Complete Business Combination with Cartesian Growth Corporation

Retrieved on: 
Tuesday, January 3, 2023
Asset Management, Professional Services, Business, Finance, Growth, Business architecture, Joel Tobeck, Management, Cartesian

Tiedemann Group (“Tiedemann”), Alvarium Investments Limited (“Alvarium”) and Cartesian Growth Corporation (“Cartesian”) (NASDAQ: GLBL) announced today that they have completed their previously announced business combination (the “Business Combination”).

Key Points: 
  • Tiedemann Group (“Tiedemann”), Alvarium Investments Limited (“Alvarium”) and Cartesian Growth Corporation (“Cartesian”) (NASDAQ: GLBL) announced today that they have completed their previously announced business combination (the “Business Combination”).
  • The Business Combination was approved at an extraordinary general meeting of stockholders of Cartesian on November 17, 2022, and closed today, January 3, 2023.
  • The combined company now operates as Alvarium Tiedemann Holdings, Inc. (“Alvarium Tiedemann” or “AlTi”) and its Class A common shares and warrants will begin trading on NASDAQ under the ticker symbols “ALTI” and “ALTIW," respectively, starting tomorrow, January 4, 2023.
  • Today marks our next chapter,” said Michael Tiedemann, Chief Executive Officer of Alvarium Tiedemann.

Complete Solaria and Freedom Acquisition I Corp. Achieve Important Milestones Towards Completion of Business Combination

Retrieved on: 
Wednesday, December 28, 2022
Other Professional Services, Other Energy, Finance, Energy, Professional Services, Technology, Other Technology, Business, Bangladesh Securities and Exchange Commission, Business, Completeness, LP, Security (finance), Acquisition, Growth, NYSE, Letter, Business architecture, Renewable energy, Solaria

Complete Solaria, Inc. (“Complete Solaria” or the “Company”), a leading solar technology, services, and installation company, and Freedom Acquisition I Corp. (NYSE: FACT), a publicly traded special purpose acquisition company, (“Freedom”) today announced a number of positive financial developments in connection with their proposed business combination (“Business Combination”).

Key Points: 
  • Complete Solaria, Inc. (“Complete Solaria” or the “Company”), a leading solar technology, services, and installation company, and Freedom Acquisition I Corp. (NYSE: FACT), a publicly traded special purpose acquisition company, (“Freedom”) today announced a number of positive financial developments in connection with their proposed business combination (“Business Combination”).
  • Completion of the merger, and formation of Complete Solaria, which occurred on November 4, 2022, marked the achievement of an important milestone in the path towards consummating the Business Combination.
  • Complete Solaria secured a debt facility of up to $10 million from Kline Hill Partners Fund to fund Complete Solaria’s working capital obligations.
  • In light of the new financing commitments secured by the parties in connection with the Business Combination, Complete Solaria and Freedom have entered into an amendment to the business combination agreement to remove the minimum cash closing condition set forth in the business combination agreement and to make other related changes.

MDH Acquisition Corp. Clarifies Process For Exercising Redemption Rights Prior to Its Special Meeting

Retrieved on: 
Friday, December 23, 2022
Banking, Professional Services, Finance, Charter, Special, Eastern Time Zone, Depository Trust & Clearing Corporation, CST, Proxy statement, Proxy, Depository Trust Company, Certification, Nashville Charter Amendment 1, DTC, Letter, Public, Finance Secretary (India), Business architecture, MDH, United States Army Acquisition Corps, Security (finance)

The special meeting is scheduled to be held on December 29, 2022, at 10:00 a.m., Eastern Time, via live webcast at the following address https://www.cstproxy.com/mdhacquisitioncorp/2022 .

Key Points: 
  • The special meeting is scheduled to be held on December 29, 2022, at 10:00 a.m., Eastern Time, via live webcast at the following address https://www.cstproxy.com/mdhacquisitioncorp/2022 .
  • However, the Company cannot guaranty that such mandatory redemption will be effective prior December 31, 2022.
  • Public Stockholders who intend to voluntarily seek redemption of their Public Shares prior to the special meeting in connection with the vote on the Charter Amendment Proposal will need to send a letter demanding redemption and deliver their Public Shares (either physically or electronically) to the Company’s transfer agent prior to 5:00 p.m., Eastern time, on the day prior to the Special Meeting.
  • Public Stockholders who have questions regarding the certification of their position or delivery of their Public Shares should contact:

European Lithium and Sizzle Acquisition Corp. Announce Filing of F-4 Registration Statement with the SEC

Retrieved on: 
Friday, December 23, 2022
Environment, Alternative Vehicles, Fuels, Automotive, Finance, Professional Services, Alternative Energy, Green Technology, Energy, Mining, Minerals, Natural Resources, Lithium, ASX, Cyprus Securities and Exchange Commission, Acquisition, Australian Securities Exchange, Investment, F-4, Business architecture, Sizzle, European

European Lithium Ltd (ASX: EUR) (“European Lithium”), announced today that it has filed a Form F-4 Registration Statement ("F-4") with the U.S. Securities and Exchange Commission ("SEC") regarding European Lithium’s recently announced business combination (the “Business Combination”) with Sizzle Acquisition Corp., (Nasdaq: SZZL) (“Sizzle”), a publicly traded special purpose acquisition company, to form Critical Metals Corp. (“Critical Metals”).

Key Points: 
  • European Lithium Ltd (ASX: EUR) (“European Lithium”), announced today that it has filed a Form F-4 Registration Statement ("F-4") with the U.S. Securities and Exchange Commission ("SEC") regarding European Lithium’s recently announced business combination (the “Business Combination”) with Sizzle Acquisition Corp., (Nasdaq: SZZL) (“Sizzle”), a publicly traded special purpose acquisition company, to form Critical Metals Corp. (“Critical Metals”).
  • “We are pleased to reach this important step in our plans to list Critical Metals on Nasdaq,” said Critical Metals Executive Chairman, Tony Sage.
  • As agreed in the Business Combination, Critical Metals will own European Lithium’s Wolfsberg Lithium Project (the “Project”), which is currently owned by European Lithium’s wholly owned subsidiary, European Lithium AT (Investments) Limited, as well as a 20% interest in additional Austrian projects currently held by European Lithium.
  • European Lithium will be the largest shareholder of Critical Metals and is expected to continue to trade on the Australian Securities Exchange (“ASX”).

Pacific Coast Oil Trust Announces There Will Be No December Cash Distribution

Retrieved on: 
Thursday, December 22, 2022
Oil, Gas, Energy, Accounting Standards Codification, California superior courts, Court, Consultant, Evergreen, Panel, Prejudice, Transport, County, Conveyance, Retirement, Phillips, Internet, Moss Adams, COVID-19, Superior court, Connection, ARO, Interest, Phillips 66, Sale, Annual report, Calendar, Accounting standard, Trustee, Motion, Business architecture, Report, Face, Net, Martindale, Life insurance, Risk management, Trust

ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.

Key Points: 
  • ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face.
  • As a result, the total proceeds received by the Trust in each of 2020 and 2021 were less than $2.0 million.
  • Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the “Underlying Properties”).

Critical Metals Corp. Announces Execution of Binding Lithium Offtake Agreement with BMW

Retrieved on: 
Wednesday, December 21, 2022
Chemicals, Plastics, Other Energy, Mining, Minerals, Manufacturing, Energy, Natural Resources, Lithium, ASX, Business, Certification, Gesellschaft mit beschränkter Haftung, Liverpool Offtake Reservoir, Australian Securities Exchange, Lithium hydroxide, Metal, Critical, Investment, Business architecture, BMW, Project, Motor vehicle, European

European Lithium Ltd (ASX: EUR) (“European Lithium”), a mineral exploration company in a proposed business combination (the “Proposed Business Combination”) with Sizzle Acquisition Corp (Nasdaq: SZZL) (“Sizzle”) to form Critical Metals Corp. (“Critical Metals” or the “Company”), today announced that it has signed a binding long term lithium offtake agreement (the “Offtake Agreement”) via its wholly-owned Austrian subsidiary ECM Lithium AT GmbH (“ECM Lithium”) with auto manufacturer Bayerische Motoren Werkte Aktiengesellschaft (“BMW”).

Key Points: 
  • European Lithium Ltd (ASX: EUR) (“European Lithium”), a mineral exploration company in a proposed business combination (the “Proposed Business Combination”) with Sizzle Acquisition Corp (Nasdaq: SZZL) (“Sizzle”) to form Critical Metals Corp. (“Critical Metals” or the “Company”), today announced that it has signed a binding long term lithium offtake agreement (the “Offtake Agreement”) via its wholly-owned Austrian subsidiary ECM Lithium AT GmbH (“ECM Lithium”) with auto manufacturer Bayerische Motoren Werkte Aktiengesellschaft (“BMW”).
  • The Offtake Agreement secures the Company’s first offtake of battery-grade lithium hydroxide to be sourced from the Wolfsberg Lithium Project (the “Project”) in Austria.
  • As part of the Offtake Agreement, BMW has been granted the first right to purchase 100% of the lithium hydroxide produced from the identified resources at the Project.
  • European Lithium will be the largest shareholder of Critical Metals and is expected to continue to trade on the Australian Securities Exchange.

MultiMetaVerse Inc. and Model Performance Acquisition Corp. Complete Business Combination

Retrieved on: 
Wednesday, January 4, 2023
MMV, Business, Acquisition, Animation, Video, LLP, MPAC, Business architecture

NEW YORK, Jan. 4, 2023 /PRNewswire/ -- MultiMetaVerse Inc., an animation and entertainment company devoted to establishing an open community for its global users and to providing high-quality and immersive entertainment experiences, and Model Performance Acquisition Corp. (Nasdaq: MPAC; "MPAC"), a special purpose acquisition company, announced the completion of their business combination (the "Business Combination"). The listed company resulting from the Business Combination will be MultiMetaVerse Holdings Limited ("MMV"). On January 5, 2023, MMV's shares will commence trading on the Nasdaq Global Market under the ticker symbol "MMV," and MMV's warrants will commence trading on the Nasdaq Capital Market under the ticker symbol "MMVWW."

Key Points: 
  • NEW YORK, Jan. 4, 2023 /PRNewswire/ -- MultiMetaVerse Inc., an animation and entertainment company devoted to establishing an open community for its global users and to providing high-quality and immersive entertainment experiences, and Model Performance Acquisition Corp. (Nasdaq: MPAC; "MPAC"), a special purpose acquisition company, announced the completion of their business combination (the "Business Combination").
  • The listed company resulting from the Business Combination will be MultiMetaVerse Holdings Limited ("MMV").
  • to cater to the needs of our users, and to expand our business into new markets.
  • Claudius Tsang, Chief Executive Officer of MPAC, commented, "[t]he Model Performance team is honoured to be part of this landmark occasion for MultiMetaVerse.

Oyster Enterprises Acquisition Corp. Announces Key Dates in Connection with Liquidation

Retrieved on: 
Monday, December 19, 2022
Professional Services, Finance, Exchange, Security (finance), Delaware General Corporation Law, Finance Secretary (India), Section 13 of the Canadian Human Rights Act, Business architecture, OSTR, Tax, Certification, Acquisition, Secretary of State of Delaware, Charter Amendment One (Gainesville, Florida), Unit

The Mandatory Redemption will completely extinguish the rights of holders of the Public Shares.

Key Points: 
  • The Mandatory Redemption will completely extinguish the rights of holders of the Public Shares.
  • There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless upon the liquidation of the Company.
  • About Oyster Enterprises Acquisition Corp.
  • Oyster Enterprises Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.