Combination

SciSparc Granted Patent for its Core Technology From the Australian Patent Office

Retrieved on: 
Tuesday, October 24, 2023
Combination, Patent, TEL, Legislation, IP Australia, N-Acylethanolamine, Disorder, Safety, Collection, Central nervous system, Pharmaceutical industry, Cannabinoid

TEL AVIV, Israel, Oct. 24, 2023 (GLOBE NEWSWIRE) -- SciSparc Ltd. (Nasdaq: SPRC) ("Company" or "SciSparc"), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders and rare diseases of the central nervous system, announced today that it received a notice of acceptance for its patent application for the Combinations of Cannabinoids and N-Acylethanolamines (the “Patent”). The Patent aligns seamlessly with the Company's core technologies design to enhance cannabinoids’ safety by using low dosages of active components while maintaining their therapeutic benefits.

Key Points: 
  • The Patent aligns seamlessly with the Company's core technologies design to enhance cannabinoids’ safety by using low dosages of active components while maintaining their therapeutic benefits.
  • The Patent was granted by IP Australia, the government agency in Australia that administers intellectual property rights and legislation for patents.
  • This Patent adds to the collection of patents previously granted in Europe, the United States and Japan, supporting the innovation of SciSparc’s technologies.
  • The invention relates to compositions and methods for potentiating therapeutic effects and/or reducing the side-effects of selected cannabinoids initially discovered in the cannabis plant.

DevvStream Reaches Key Milestone Toward Nasdaq Listing

Retrieved on: 
Tuesday, October 24, 2023
Combination, Register, Public Company Accounting Oversight Board, Security (finance), Business analyst, Form, Carbon, Transaction, Bank statement, Registration statement, FIAC, CBOE, FSE, DESG, Culture

The Transaction values DevvStream at an implied enterprise value of approximately $212.8 million, representing an equity value of C$2.16 per DevvStream subordinate voting share prior to closing.

Key Points: 
  • The Transaction values DevvStream at an implied enterprise value of approximately $212.8 million, representing an equity value of C$2.16 per DevvStream subordinate voting share prior to closing.
  • The Business Combination is expected to be completed by early Q1 2024, subject to the satisfaction of closing conditions under the Business Combination Agreement.
  • Learn more about the Company’s progress by joining a live webinar presented by DevvStream and Focus Impact on Thursday, October 26th at 9:30am PT / 12:30pm ET.
  • “Since DevvStream and Focus Impact agreed to merge, the transaction has proceeded smoothly and efficiently,” said Sunny Trinh, CEO of DevvStream.

Vision Sensing Acquisition Corp. Announces Postponement of Special Meeting of Stockholders to Wednesday, October 25, 2023 at 12:00 noon EDT

Retrieved on: 
Thursday, October 19, 2023
Transfer, Combination, Business analyst, EDT, VSAC, EST, Intellectual property, Acquisition, Research, Trust Company, Trust, Companies (1st Amendment) Act, 2015, Special, Sub, Extension, Continental, Security (finance)

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company”) a special purpose acquisition company, announced today that it has postponed the Special Meeting of its Stockholders scheduled to occur at 8:30 a.m. EDT on Friday, October 20, 2023 until 12:00 noon EDT on Wednesday, October 25, 2023.

Key Points: 
  • NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company”) a special purpose acquisition company, announced today that it has postponed the Special Meeting of its Stockholders scheduled to occur at 8:30 a.m. EDT on Friday, October 20, 2023 until 12:00 noon EDT on Wednesday, October 25, 2023.
  • 1 dated May 1, 2023 with Continental Stock Transfer and Trust Company (“Continental”).
  • Adoption of the Extension Amendment entitles VSAC’s public stockholders to require the redemption of their VSAC Class A common stock with funds from VSAC’s trust account.
  • Pursuant to the Business Combination Agreement, Merger Sub will merge with and into VSAC, with VSAC surviving the merger.

Renesas Develops Cost-Effective, Highly Accurate and Robust Induction Motor Position Sensing Technology

Retrieved on: 
Wednesday, October 25, 2023
Software, Other Manufacturing, Hardware, Engineering, Technology, Semiconductor, Manufacturing, Other Technology, Lightwave Electronics Corporation, Combination, Data analysis, Vibration, UART, Dust, ICS, Humidity, ABI, IPS, Sensor, Multimedia, EMI, Vernier, Renesas Electronics, PCB, Safety, Winning Combination, Robotics, Instrumentation

Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced an inductive position sensor (IPS) technology for highly accurate motor position sensor ICs for robotics, industrial and medical applications.

Key Points: 
  • Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced an inductive position sensor (IPS) technology for highly accurate motor position sensor ICs for robotics, industrial and medical applications.
  • Utilizing non-contact coil sensors, the position sensing technology can replace expensive magnetic and optical encoders now commonly used in motor control systems that require absolute position sensing, high speed, accuracy and reliability.
  • View the full release here: https://www.businesswire.com/news/home/20231025174265/en/
    The proprietary IPS technology from Renesas uses sensing elements consisting of copper coils etched on a printed circuit board (PCB) to detect the position of a metallic target.
  • “Our induction position sensor technology represents a significant leap forward in motor position sensors,” said Jan Leuckfeld, Senior Director, HPC Analog (Sensor) Division at Renesas.

Aeries Technology and Worldwide Webb Acquisition Corporation Announce Effectiveness of Registration Statement and October 30, 2023 Annual General Meeting to Approve Business Combination

Retrieved on: 
Tuesday, October 17, 2023
Software, Networks, Data Analytics, Finance, Consulting, Banking, Professional Services, Technology, WWAC, Combination, Business analyst, Annual general meeting, Form, Acquisition, Kirkland & Ellis, Annual, Security (finance)

The annual general meeting of shareholders (the “Annual General Meeting”) to approve the Business Combination is scheduled to be held on October 30, 2023 at 11:00 a.m. Eastern Time.

Key Points: 
  • The annual general meeting of shareholders (the “Annual General Meeting”) to approve the Business Combination is scheduled to be held on October 30, 2023 at 11:00 a.m. Eastern Time.
  • Holders of WWAC’s ordinary shares at the close of business on the record date of September 13, 2023 are entitled to notice of the Annual General Meeting and to vote at the Annual General Meeting.
  • More details about the Business Combination and the resolutions to be voted upon at the Annual General Meeting can be found in the definitive proxy statement/prospectus filed by WWAC, available at: http://www.sec.gov .
  • The Nasdaq listing is subject to the closing of the business Combination and fulfillment of all Nasdaq listing requirements.

Broad Capital Acquisition Corp Confirms Funding to Extend Period to Consummate Initial Business Combination to November 13, 2023

Retrieved on: 
Tuesday, October 17, 2023
Acquisition, BRAC, Combination, Business analyst, Financial services, Security (finance)

Dallas, Texas, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Broad Capital Acquisition Corp. (the “Company”) (NASDAQ: BRAC, BRACR, BRACU), a special purpose acquisition company formed by Broad Capital LLC, today announced that on October 11, 2023 it caused to be deposited $150,000 (the “Extension Payment”) into the Company’s trust account for its public stockholders, representing $0.0332 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination to November 13, 2023 (the “Monthly Extension”).

Key Points: 
  • Dallas, Texas, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Broad Capital Acquisition Corp. (the “Company”) (NASDAQ: BRAC, BRACR, BRACU), a special purpose acquisition company formed by Broad Capital LLC, today announced that on October 11, 2023 it caused to be deposited $150,000 (the “Extension Payment”) into the Company’s trust account for its public stockholders, representing $0.0332 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination to November 13, 2023 (the “Monthly Extension”).
  • The Monthly Extension is the tenth of the twelve monthly extensions permitted under the Company’s governing documents.
  • On January 18, 2023, the Company entered into a definitive Agreement and Plan of Merger and Business Combination Agreement (the “Business Combination Agreement”) with Openmarkets Group Pty Ltd, an Australian proprietary limited company (“OMG”), BMYG OMG Pty Ltd, an Australian proprietary limited company, and Broad Capital LLC, a Delaware limited liability company, solely in its capacity as the Company’s sponsor, pursuant to which the Company will enact its initial business combination.

Fat Projects Acquisition Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination to November 15, 2023

Retrieved on: 
Monday, October 16, 2023
Acquisition, Business, Commission, Registration statement, Extension, Prospectus, Form, Combination, Person, Business analyst, Annual report, Register, Name, Reading, Security (finance)

The deposit enables the Company to extend the period of time it has to consummate its initial business combination by one month from October 15, 2023 to November 15, 2023 (the “Extension”).

Key Points: 
  • The deposit enables the Company to extend the period of time it has to consummate its initial business combination by one month from October 15, 2023 to November 15, 2023 (the “Extension”).
  • The funds came from a non-interest-bearing loan from an affiliate of the Company’s Sponsor and co-chief executive officers.
  • The Extension provides the Company with additional time to complete its initial business combination (the “Business Combination”) with Avanseus Holdings Pte.
  • In connection with the Business Combination, FATP will change its corporate name to “Avanseus Holdings Corporation” (“New Avanseus”).

Fat Projects Acquisition Corp Announces Intention to Extend the Deadline to Complete a Business Combination to November 15, 2023

Retrieved on: 
Wednesday, October 11, 2023
Transfer, Acquisition, Business, Commission, Registration statement, Prospectus, Accounting, Form, Combination, Trust, Person, Business analyst, Annual report, Register, Name, Reading, Security (finance)

The extension provides FATP with additional time to complete its initial business combination (the “Business Combination”) with Avanseus Holdings Pte.

Key Points: 
  • The extension provides FATP with additional time to complete its initial business combination (the “Business Combination”) with Avanseus Holdings Pte.
  • In connection with the Business Combination, FATP will change its corporate name to “Avanseus Holdings Corporation” (“New Avanseus”).
  • The seventh extension described above will provide FATP and Avanseus with additional time to complete the Business Combination.
  • FATP also will file other documents regarding the Business Combination with the SEC.

Vision Sensing Acquisition Corp. Announces Intention to Transfer All Trust Funds Into an Interest-Bearing Demand Deposit Account

Retrieved on: 
Tuesday, October 10, 2023
Transfer, VSAC, Acquisition, Sub, Combination, Exercise, Security (finance)

MIAMI, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company”), a special purpose acquisition company, announced today that upon authorizing the release of funds from its trust account to pay redemptions of its public shares in connection with its previously announced special meeting of stockholders scheduled for October 20, 2023, it will instruct Continental Stock Transfer & Trust Company, the trustee of the trust account holding the remaining proceeds from its initial public offering, to liquidate all of the assets in the trust account and transfer the cash proceeds into an interest-bearing demand deposit account, which will then be the sole asset of the trust account.

Key Points: 
  • MIAMI, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company”), a special purpose acquisition company, announced today that upon authorizing the release of funds from its trust account to pay redemptions of its public shares in connection with its previously announced special meeting of stockholders scheduled for October 20, 2023, it will instruct Continental Stock Transfer & Trust Company, the trustee of the trust account holding the remaining proceeds from its initial public offering, to liquidate all of the assets in the trust account and transfer the cash proceeds into an interest-bearing demand deposit account, which will then be the sole asset of the trust account.
  • The purpose of the special meeting of stockholders is to obtain stockholder approval of amendments to the Company’s certificate of incorporation and trust agreement to allow the Company to obtain up to six 1-month extensions of the deadline to complete its initial business combination from November 3, 2023 to up to May 3, 2024.
  • The extensions will provide the Company with additional time to complete its initial business combination (the “Business Combination”) with Newsight Imaging Ltd., an Israeli company (“Newsight”), and Newsight MergerSub, Inc., a Delaware corporation and wholly owned subsidiary of Newsight (“Merger Sub”), pursuant to a business combination agreement dated August 30, 2022 (as it may be amended and/or restated from time to time, the “Business Combination Agreement”), pursuant to which: (i) Merger Sub will merge into the Company resulting in the Company becoming a wholly-owned subsidiary of Newsight, (ii) Newsight will register as a publicly traded company, (iii) Newsight’s existing shares will be split to facilitate a fully diluted value per Newsight share of US$10.00, (iv) the Company’s common stock will be exchanged on a one-for-one basis for Newsight Ordinary Shares and (v) warrants to purchase the Company’s common stock will instead become eligible to purchase the same number of Newsight Ordinary Shares at the same exercise price and for the same exercise period (such transactions, the “Business Combination”).
  • The combined company’s common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol “NSIM”.

Altitude Acquisition Corp. Announces Extension of Deadline to Complete Initial Business Combination

Retrieved on: 
Friday, October 6, 2023
Altitude, United States Army Acquisition Corps, Combination, Charter, ALTU, Sponsor, Communications satellite

ATLANTA, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Altitude Acquisition Corp. (Nasdaq: ALTUU, ALTU, ALTUW) (“Altitude”), announced today that its board of directors (the “Board”), upon request by Altitude’s sponsor, Altitude Acquisition Holdco LLC (the “Sponsor”), has extended the date by which Altitude must consummate an initial business combination (the “Deadline Date”) for an additional month, from October 11, 2023 to November 11, 2023.

Key Points: 
  • ATLANTA, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Altitude Acquisition Corp. (Nasdaq: ALTUU, ALTU, ALTUW) (“Altitude”), announced today that its board of directors (the “Board”), upon request by Altitude’s sponsor, Altitude Acquisition Holdco LLC (the “Sponsor”), has extended the date by which Altitude must consummate an initial business combination (the “Deadline Date”) for an additional month, from October 11, 2023 to November 11, 2023.
  • On October 6, 2023, pursuant to the Charter and upon request from the Sponsor, the Board determined to implement a seventh Extension.
  • As previously announced, on April 23, 2023, Altitude entered into a business combination agreement (the “Business Combination Agreement”) with Picard Medical, Inc. (“Picard”) and the other parties thereto, which provides for a business combination between Altitude and Picard.
  • The purpose of this monthly Extension is to provide Altitude with additional time to consummate the proposed business combination with Picard.