SPAC

Catcha Investment Corp and Crown LNG Holding AS, Announce Public Filing of a Registration Statement on Form F-4 in Connection with Their Proposed Business Combination

Retrieved on: 
Monday, October 2, 2023
Professional Services, Other Natural Resources, Oil, Gas, Energy, Finance, Natural Resources, SPAC, Attention, Communication, Failure, CHAA, Business, Pub, Special-purpose acquisition company, Multimedia, Tata Investment Corp, Business analyst, Carbon, Person, Sale, Register, Name, Prospectus, Acquisition, Ammonia, Risk, Form, Weather, NYSE, Proxy, Registration statement, Security (finance), Bookkeeping, Catcha Group, Crown, LNG

Catcha Investment Corp (NYSE American: CHAA) (“Catcha”) and Crown LNG Holding AS (“Crown”) today announced the filing of a registration statement on Form F-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) in connection with their proposed business combination (the “Business Combination”).

Key Points: 
  • Catcha Investment Corp (NYSE American: CHAA) (“Catcha”) and Crown LNG Holding AS (“Crown”) today announced the filing of a registration statement on Form F-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) in connection with their proposed business combination (the “Business Combination”).
  • View the full release here: https://www.businesswire.com/news/home/20231002133455/en/
    Catcha and Crown announced a definitive business combination agreement on August 3, 2023.
  • Completion of the proposed Business Combination is subject to customary closing conditions, including the approval of Catcha’s stockholders.
  • Upon completion of the Business Combination, Crown’s ordinary shares are expected to trade on the NYSE under the ticker “CGBS”.

DLQ Announces Effectiveness of Registration Statement on Form S-4 in Connection with Pending Listing on NASDAQ via Merger with Abri SPAC I

Retrieved on: 
Monday, October 2, 2023
SPAC, Form S-4, ABRI, DLQ, Special, ASPA, Register, Prospectus, Acquisition, OTCQX, Registration statement, Form, Proxy, Security (finance), Rock shelter

The registration statement on Form S-4, initially filed with the U.S. Securities and Exchange Commission (SEC) by Abri on November 3, 2022, (as amended, the “Registration Statement”), was declared effective by the SEC on September 29.

Key Points: 
  • The registration statement on Form S-4, initially filed with the U.S. Securities and Exchange Commission (SEC) by Abri on November 3, 2022, (as amended, the “Registration Statement”), was declared effective by the SEC on September 29.
  • The Registration Statement was filed in connection with the previously announced merger of DLQ and Abri and contains a proxy statement and prospectus of Abri.
  • Logiq’s proxy statement contains important information about the proposed merger transactions, the merger agreement and the proposals to be considered at the Special Meeting.
  • Abri’s Registration Statement is available and may be accessed without charge on the SEC’s website at www.sec.gov (as filed under Abri SPAC I, Inc.).

GigCapital5, Inc. Announces Stockholder Approval of Extension Amendment to the Amended and Restated Certificate of Incorporation and Investment Management Trust Agreement

Retrieved on: 
Friday, September 29, 2023
General Health, Finance, Banking, Health, Professional Services, SPAC, Acquisition, GIA, Financial services

GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its stockholders approved an extension of the date by which it has to consummate a business combination, allowing the Company to extend such date one (1) time from September 28, 2023 (the date which is 24 months from the closing date of GigCapital5’s initial public offering) until December 31, 2023 (the extension, the “Extension”).

Key Points: 
  • GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its stockholders approved an extension of the date by which it has to consummate a business combination, allowing the Company to extend such date one (1) time from September 28, 2023 (the date which is 24 months from the closing date of GigCapital5’s initial public offering) until December 31, 2023 (the extension, the “Extension”).

SEC Charges Electric Vehicle Co. for Misleading Revenue Projections Ahead of SPAC Merger

Retrieved on: 
Thursday, September 28, 2023
SPAC, Security (finance), Acquisition, Proxy, Division, Associate

Washington, D.C.--(Newsfile Corp. - September 28, 2023) - The Securities and Exchange Commission today charged Denver-based Spruce Power Holding Corporation, the successor to XL Fleet Corp., for misleading investors about revenue projections that topped $1 billion within three years of going public.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - September 28, 2023) - The Securities and Exchange Commission today charged Denver-based Spruce Power Holding Corporation, the successor to XL Fleet Corp., for misleading investors about revenue projections that topped $1 billion within three years of going public.
  • XL Fleet, which provided hybrid electric vehicle systems for commercial fleet vehicles, went public through a 2020 merger with a special purpose acquisition company (SPAC).
  • According to the SEC’s order, XL Fleet publicly claimed to have a more than $220 million 12-month sales pipeline, which purportedly backed its near-term revenue projections of up to $75 million and longer-term projections of up to $1.4 billion.
  • The order also finds that XL Fleet claimed to have applied a historical conversion rate to its sales pipeline as part of its revenue projections, when, in reality, the conversion rate did not support the company’s projections.

Holley, Inc. SHAREHOLDER ALERT: Johnson Fistel Encourages Holley Inc. f/k/a Empower Ltd. Shareholders with Losses to Contact the Firm Regarding Investigation

Retrieved on: 
Thursday, September 28, 2023
SPAC, LLP, Special-purpose acquisition company, NYSE, SAN

The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.

Key Points: 
  • The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
  • If you purchased Holley securities and suffered significant losses on your investment, join our investigation now:
    There is no cost or obligation to you.
  • The investigation pertains to whether executives at the company misrepresented or failed to timely disclose material and adverse information to investors.
  • Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program.

Emmanuel T. Hernandez to Retire from Enovix Board of Directors

Retrieved on: 
Thursday, September 28, 2023
SPAC, BP P.L.C. v. Mayor and City Council of Baltimore, Professional, Audit committee, Retirement, Acquisition, BP, CFO, Silicon, Treasurer, Family, Onsemi, Cypress Semiconductor, Cryptocurrency

FREMONT, Calif., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced that Emmanuel T. Hernandez will retire from the company’s board of directors effective September 30, 2023.

Key Points: 
  • FREMONT, Calif., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company, today announced that Emmanuel T. Hernandez will retire from the company’s board of directors effective September 30, 2023.
  • Hernandez joined the board in July 2021, when Enovix became a publicly traded company.
  • “Enovix is in great hands led by CEO Dr. Raj Talluri and an experienced Board of Directors,” Hernandez said.
  • Enovix is my final board membership and given recent board and management additions the time is right to fully retire.”
    Bernard Gutmann, who joined the Enovix Board of Directors in June, will assume the role of Audit Committee Chairman from Hernandez, effective October 1, 2023.

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Stem, Inc. (NYSE: STEM) and Encourages Long-Term STEM Investors to Contact the Firm

Retrieved on: 
Thursday, September 28, 2023
SPAC, Complaint, Stem, Acquisition, NYSE, Cryptocurrency

PHILADELPHIA, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Stem, Inc. (NYSE: STEM) on behalf of the company’s long-term investors.

Key Points: 
  • PHILADELPHIA, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Stem, Inc. (NYSE: STEM) on behalf of the company’s long-term investors.
  • Recently a securities fraud complaint was filed against Stem on behalf of certain investors who purchased shares of the company’s stock between December 4, 2020 and April 3, 2023 (inclusive).
  • Current Stem stockholders who purchased or acquired their shares prior to December 4, 2020 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.
  • Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation.

Global IPO market: Investor appetite shifts from growth to value amid tighter liquidity

Retrieved on: 
Thursday, September 28, 2023
SPAC, IPO, Optimism, EMEIA, YOY, Acquisition, Initial public offering, Artificial intelligence, Growth, ESG, AI, Health, Security (finance), Bank

These and other findings are available in the EY Global IPO Trends Q3 2023 .

Key Points: 
  • These and other findings are available in the EY Global IPO Trends Q3 2023 .
  • In the past decade, IPO numbers and proceeds from emerging markets have both increased by more than 30%, primarily due to faster economic growth compared to developed countries.
  • Until this point of 2023, emerging markets accounted for 77% of the global share by number and 75% by value.
  • There hasn't been substantial growth in IPO debuts for artificial intelligence (AI) startups, but they are beginning to emerge in the IPO pipeline.

Global IPO market: Investor appetite shifts from growth to value amid tighter liquidity

Retrieved on: 
Thursday, September 28, 2023
SPAC, IPO, Optimism, EMEIA, YOY, Acquisition, Initial public offering, Artificial intelligence, Growth, ESG, AI, Health, Security (finance), Bank

These and other findings are available in the EY Global IPO Trends Q3 2023 .

Key Points: 
  • These and other findings are available in the EY Global IPO Trends Q3 2023 .
  • In the past decade, IPO numbers and proceeds from emerging markets have both increased by more than 30%, primarily due to faster economic growth compared to developed countries.
  • Until this point of 2023, emerging markets accounted for 77% of the global share by number and 75% by value.
  • There hasn't been substantial growth in IPO debuts for artificial intelligence (AI) startups, but they are beginning to emerge in the IPO pipeline.

EQRX Shareholder Investigation: Robbins LLP Reminds Shareholders it is Investigating EQRx, Inc. on behalf of Shareholders

Retrieved on: 
Wednesday, September 27, 2023
Class Action Lawsuit, Professional Services, Legal, SPAC, Loss, PIPE, Genomics, Investment, Delaware Court of Chancery, Roman Catholic Diocese of La Crosse, Financial adviser

Shareholder rights law firm Robbins LLP is investigating EQRx, Inc. (NASDAQ: EQRX) to determine whether certain EQRx officers and directors violated securities laws and breached fiduciary duties to shareholders.

Key Points: 
  • Shareholder rights law firm Robbins LLP is investigating EQRx, Inc. (NASDAQ: EQRX) to determine whether certain EQRx officers and directors violated securities laws and breached fiduciary duties to shareholders.
  • EQRx International, Inc. completed a business combination with CM Life Sciences III Inc. on December 17, 2021, and now operates as EQRx, Inc.
  • In April, Corvex Management LP agreed to pay the SEC $1 million to settle allegations that the investment advisor did not properly disclose conflicts of interests involving certain SPACs.
  • If you own shares of EQRx or have incurred a recent significant loss in the stock, contact us for more information about your rights.