Deal News

• Global Technology Acquisition Corp. I (GTAC) announced a deal to acquire Tyfon Culture Holdings Limited, an Online-to-Offline (O2O) Chinese marketplace for art. The company intends to raise a $10mm common stock PIPE in connection with the deal, which reflects an enterprise value of $434mm and is expected to close in 2H 2024.

• Hudson Acquisition I Corp. (HUDA) announced a deal to acquire Aiways Automobile Europe GmbH, an automotive company that offers electric vehicles specifically customized for the demand of the European markets. The deal reflects an equity value of $400mm and is expected to close on or around 12/31/2024.

• Battery Future Acquisition Corp. (BFAC) announced a deal to acquire Class Over, Inc., a provider of educational technology solutions and online live educational courses. The deal reflects an enterprise value of $135mm and is expected to close in 2H 2024.

• Relativity Acquisition Corp. (RACY) terminated its deal with SVES. RACY intends to seek alternative ways to consummate an initial business combination

• Liberty Resources Acquisition Corp. (LIBY) and Caspi Oil Gas terminated their business combination agreement, citing challenging global economic conditions.

Deal Closings & Approvals

• Screaming Eagle Acquisition Corp. (formerly SCRM) closed its acquisition of Lionsgate Studios on Monday 5/13/2024 with 9% of public shares remaining. Ordinary shares are now trading on the NASDAQ as “LION.”

Deal News

• Mountain Crest Acquisition Corp. V (MCAG) signed an LOI with CUBEBIO Co., Ltd., a Korea-based company with technology that diagnoses cancer at an early stage using urinalysis. The proposed transaction represents a pre-money equity value of $620mm. No deal timeline was given.

Deal Closings & Approvals

• Pegasus Digital Mobility Acquisition Corp. (formerly PGSS) closed its acquisition of SCHMID Group on Tuesday 4/30/2024. Redemption statistics were not provided. Ordinary shares are now trading on the NASDAQ as “SHMD.”

• LAMF Global Ventures Corp. I (formerly LGVC) closed its acquisition of Nuvo Group on Wednesday 5/1/2024 with less than 1% of shares remaining. Ordinary shares and warrants are now trading on the NASDAQ as “NUVO” and “NUVOW.”

• CONX Corp. (formerly CONX) closed its acquisition of EchoStar Real Estate Holding LLC on Thursday 5/2/2024. The company plans to continue its growth through other tech and infrastructure acquisitions. The company then received a notice of delisting from the NASDAQ effective Monday 5/6/2024. CONX expects to request an appeal and has applied to trade OTC.

• Plutonian Acquisition Corp. (PLTN) shareholders approved the company’s acquisition of Big Tree Cloud at a meeting Tuesday 4/30/2024 with less than 1% of public shares remaining. No closing timeline was given.

• Bite Acquisition Corp. (BITE) shareholders approved the company’s acquisition of Above Food Corp. at a meeting Monday 4/29/2024 with less than 1% of public shares remaining. The transaction is expected to close as soon as practicable, subject to the approval of the shareholders of Above Food.

Deal News

• JVSPAC Acquisition Corp. (JVSA) announced a deal to acquire Hotel101, a hotel prop-tech operator pioneering a globally standardized, asset-light "condotel" business model. Hotel101 is a subsidiary of Philippine-listed investment company DoubleDragon Corporation (PSE: DD). The deal reflects an equity value of $2.3bn and is expected to close in H2 2024.

• Blockchain Coinvestors Acquisition Corp. I (BCSA) announced a deal to acquire Linqto, a global financial technology investment platform allowing accredited investors to identify, evaluate, and make liquid investments in the world's leading unicorns and private companies. The deal reflects an enterprise value of $700mm and is expected to close in 2H 2024.

Deal News

• SK Growth Opportunities Corporation (SKGR) announced a deal to acquire Webull Corporation, a digital investment platform. The deal reflects an enterprise value of $7bn and is expected to close in 2H 2024.

• Aetherium Acquisition Corp (GMFI) announced a deal to acquire Capital A International, a global brand management platform. The deal reflects an enterprise value of $1bn. No closing timeline was given.

• Altitude Acquisition Corp. (ALTU) and Picard Medical agreed to terminate their business combination agreement, and ALTU announced a deal to acquire Vesicor Therapeutics, Inc., an early-stage biopharmaceutical company focused on the development of microvesicle-based therapeutics. The new deal includes $70mm in stock consideration. No closing timeline was given.

• TG Venture Acquisition Corp. (TGVC) was notified that The Flexi Group has terminated its business combination agreement, citing the deal’s 5/5/2023 outside date.

• Edify Acquisition Corp. (EAC) and Unique Logistics International agreed to terminate their business combination agreement.
  

Deal Closings & Approvals

• Sizzle Acquisition Corp. (formerly SZZL) closed its acquisition of Critical Metals (European Lithium) on Tuesday 2/27/2024. Redemption statistics were not provided. Ordinary shares and warrants are now trading on the NASDAQ as “CRML” and “CRMLW.”.

• Arisz Acquisition Corp. (formerly ARIZ) closed its acquisition of BitFuFu on Thursday 2/29/2024 with 1% of public shares remaining. Ordinary shares and warrants are now trading on the NASDAQ as “FUFU” and “FUFUW.”

• Energem Corp. (ENCP) shareholders approved the company’s acquisition of Graphjet Technology at a meeting Wednesday 2/28/2024. Redemption statistics were not provided. The transaction is expected to close on Wednesday 3/6/2024 with ordinary shares and warrants trading on the NASDAQ as “GTI” and “GTIWW” thereafter.

• Concord Acquisition Corp III (CNDB) shareholders approved the company’s acquisition of GCT Semiconductor at a meeting Tuesday 2/27/2024. Redemption statistics were not provided and no closing timeline was given.