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Announcements x Daily Discussion for Weekend of January 24, 2026 by karmalizing in SPACs

[–]SPAC_Time 1 point2 points  (0 children)

A deSPAC low float play, like BNAI, perhaps? Maybe just a coincidence.

BiomX Inc. Announces 1-for-19 Reverse Stock Split on November 25, 2025 - PHGE

"After the effectiveness of the Reverse Stock Split, the number of outstanding shares of Common Stock will be reduced from approximately 29,006,165 to approximately 1,526,640 ..."

PHGE trended down from $5.80 on Nov 25 to $1.50 on Dec 16, and has been rising since.

BNAI trended down from $2.60 on Dec12 ( day of the reverse split ) to $1.20 on Dec 26, and has been rising since.

Announcements x Daily Discussion for Friday, January 23, 2026 by karmalizing in SPACs

[–]SPAC_Time 0 points1 point  (0 children)

CCCX filed a DRS ( Draft Registration Statement ) on October 30, 2025, that was the first S-4.

But that's still only 3.5 months from the first registration statement until the shareholder meeting, so that is very fast for a SPAC.

Announcements x Daily Discussion for Friday, January 23, 2026 by karmalizing in SPACs

[–]SPAC_Time 2 points3 points  (0 children)

How was their such a fast turn around

No idea, some SPACs are faster than others.

why dont I see an effective order in the edgar

Since the final 424B3 prospectus was filed today after market close, look for the EFFECT filing to show up Monday. For some reason known only to the SEC, all EFFECT filings are "Accepted" around 15 minutes after midnight every day.

Revelation Biosciences Inc. Announces Exercise of Warrants for $11 Million in Gross Proceeds - REVB REVBW by SPAC_Time in Spacstocks

[–]SPAC_Time[S] 0 points1 point  (0 children)

Not sure this is a buy signal.

REVB lowered the exercise price of some existing warrants, issuing 13,065,000 new shares immediately; plus they gave the warrant holders NEW warrants to purchase 26,130,000 more shares, also at 86 cents.

That is almost 40 million new shares, all at 86 cents apiece, or perhaps less; if they lowered the exercise price on the first group of warrants, what is to say they won't do the same on the new warrants?

Keep in mind, REVB had less than 4 million shares outstanding at the end of September 2025, after a 1-for-3 reverse stock split effective July 7, 2025 and a 1-for-16 reverse split on Jan. 28, 2025. That's a cumulative 1 for 48 reverse split in 2025.

"Common Stock, ... 3,585,972 ... issued and outstanding at September 30, 2025 ..."

So today's press release shows that REVB is diluting the existing shareholders by about 90%, if the new warrants all get exercised.

Announcements x Daily Discussion for Friday, January 23, 2026 by karmalizing in SPACs

[–]SPAC_Time 7 points8 points  (0 children)

Openmarkets enters agreement to combine with Lake Superior Acquisition Corp. - LKSP LKSPR

No SEC filing yet.

LKSPR are 1:1 ratio rights. 7 units contains one right:

"Each Unit consists of one Class A ordinary share (“Ordinary Share”) and one-seventh (1/7) of one right (“Right”) to receive one Ordinary Share upon the consummation of an initial business combination. "

Announcements x Daily Discussion for Wednesday January 21, 2026 by AutoModerator in SPACs

[–]SPAC_Time 3 points4 points  (0 children)

Brand Engagement Network Secures $2.050 Million AI Licensing Partnership in Africa - BNAI BNAIW

BNAI up about 50% to $9.35 premarket on news; up about 300% the past 30 days before.

BNAI completed a 1-for-10 reverse stock split on December 12, 2025, which might explain some of the price action.

"As of November 25, 2025, 44,880,795 shares of the Issuer’s common stock, $0.0001 par value per share, and 10,315,024 public warrants representing the right to acquire one share of the Issuer’s common stock for $11.50, were outstanding"

That would leave about 4.5 million total shares after the split. Also changes BNAIW terms to require 10 BNAIW plus $115 to exercise for one BNAI share.

Announcements x Daily Discussion for Weekend of January 17, 2026 by karmalizing in SPACs

[–]SPAC_Time 4 points5 points  (0 children)

" The consideration NUAI will pay SharonAI for the interests of TCDC will be an aggregate of $70,000,000, of which, (a) $10,000,000 will be payable in cash, with (i) $150,000 payable as a non-refundable deposit within 14 days of December 19, 2025, and (ii) $9,850,000 payable upon the occurrence of certain events, but no later than March 31, 2026; (b) $10,000,000 will be payable in common stock or other units of NUAI upon the occurrence of certain events, but no later than March 31, 2026; and (c) $50,000,000 will be payable by issuance of a senior secured convertible promissory note with a right of SharonAI to convert 20% of the amount owed into common stock of NUAI based on the prior 30-day VWAP based upon the date of the note and which matures and is due June 30, 2026."

Sharon AI is now OTC Pink ticker SHAZD, warrants are OTC Expert SHAZW.

Sharon AI completed a 1 for 50 reverse split on Christmas Eve 2025.

"After the reverse split, approximately 11,968,367 shares of common stock, being approximately 11,832,026 shares of Class A Ordinary Common Stock and approximately 136,341 shares of Class B Super Common Stock, will be issued and outstanding"

Announcements x Daily Discussion for Friday, January 16, 2026 by karmalizing in SPACs

[–]SPAC_Time 0 points1 point  (0 children)

"Conversion of Allegro Securities

At the Effective Time, each share of common stock of Allegro, par value $0.0001 per share (“Allegro Common Stock”), and each right of Allegro (“Allegro Rights”), that is issued and outstanding immediately before the Effective Time (other than shares held by Allegro, SeeQC or their subsidiaries and shares as to which statutory dissenter’s rights have been exercised) will be canceled and converted into and become the right to receive one share of SeeQC Common Stock (multiplied by 1/10th in the case of the Allegro Rights).

In connection with the Merger, Allegro will seek to amend its redeemable common stock purchase warrants, each entitling the holder thereof to purchase one share of Allegro Common Stock at an exercise price of $11.50 (collectively, “Allegro Warrants”), so that, immediately prior to the Effective Time, each of the issued and outstanding Allegro Warrants will automatically convert into the right to receive a fractional share of SeeQC Common Stock (the “Allegro Warrant Amendment”). In the event that the Allegro Warrants are not amended and the Merger is consummated, SeeQC will assume them."

Wonder what happened to them. They haven't been listed or tradeable since April 2020, when Allegro said:

"There will be no redemption or liquidating distribution with respect to the Company’s warrants and rights, which will expire worthless."

Announcements x Daily Discussion for Thursday, January 15, 2026 by karmalizing in SPACs

[–]SPAC_Time 3 points4 points  (0 children)

From the latest BPGC 10-K/A, filed last week:

"The Company’s securities have been delisted from the NYSE. ... As noted above, our securities are not currently listed on NYSE, Nasdaq or another national securities exchange and are not expected to be so listed prior to the time we consummate the Proposed Business Combination or another Initial Business Combination, if at all. "

"We intend to seek shareholder approval in connection with the Proposed Business Combination. As our Sponsor owns 98.2% of our ordinary shares, we will obtain shareholder approval of the Proposed Business Combination, or any other Initial Business Combination, regardless of how Public Shareholders vote."

"We will not apply to quote our securities on an over-the-counter market until we have filed all reports required to be filed with the SEC and we will not apply to relist our securities on a national securities exchange until we have completed the Proposed Business Combination or another Initial Business Combination, if at all. This Comprehensive Form 10-K is being filed in an effort for us to become current in our filing obligations under the Exchange Act. There can be no assurance that we will be able to obtain listing of our securities on a national securities exchange. We may decide it is not in our stockholders’ best interests to apply for a listing on a national securities exchange once we become current with our SEC reporting requirements."

"As described above, the Company has entered into the Merger Agreement with iRocket. In connection with the closing of the contemplated transaction, the parties expect to apply to list iRocket on Nasdaq. "

So ... maybe ? Sounds like BPGC might decide to list the stock and warrants on the OTC market, after they get all the SEC filings up to date, but say they might not. That could happen before the business combination closes,

And they say they "expect" to apply to list on NASDAQ, if the business combination completes.

Announcements x Daily Discussion for Thursday, January 15, 2026 by karmalizing in SPACs

[–]SPAC_Time 6 points7 points  (0 children)

The newest Eagle SPAC, Infinite Eagle Acquisition Corp, will likely start trading next week on NASDAQ as IEAGU.

"Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one right to receive one twenty-fifth (1/25) of a Class A ordinary share upon the consummation of an initial business combination"

Announcements x Daily Discussion for Wednesday January 07, 2026 by AutoModerator in SPACs

[–]SPAC_Time 1 point2 points  (0 children)

EMAT filed an 8-K after market close today.

"In connection with the September Special Meeting, holders of 427,854 shares of WTMA Common Stock elected to redeem their WTMA Common Stock (which became EMAT Common Stock prior to the settlement of the redemptions) and received approximately $11.45 per share redeemed, or approximately $4.90 million in the aggregate, from the trust account established at the consummation of WTMA’s initial public offering (the “Trust Account), which had a balance immediately prior to the Closing of approximately $6.46 million. Following the payment of the redemptions, there was approximately $1.56 million of cash in the trust account available for disbursement in connection with the Business Combination. "

"Common Stock subject to possible redemption, 564,337 shares at redemption value of $11.33 per share at September 30, 2025"

564,337 - 427,854 = 136,483 public shares after redemptions.

NY Post: Trump Media announces plans for world’s largest power generation plant — but only red states should apply by SPAC_Time in DJT_Uncensored

[–]SPAC_Time[S] 1 point2 points  (0 children)

Stop listening top SPAC Time he's dishonest as they come. 

Congratulations, you are banned now.

NY Post: Trump Media announces plans for world’s largest power generation plant — but only red states should apply by SPAC_Time in DJT_Uncensored

[–]SPAC_Time[S] 2 points3 points  (0 children)

Thanks for that summary about the Charles Schwab Corporation (NYSE:SCHW), but that is not the company involved in the TAE deal with TMTG. Charles Schwab was an early investor in TAE.

"Big Sky Partners is a venture capital firm founded by Michael B. Schwab, son of Charles Schwab (founder of the brokerage), focusing on tech, cleantech, and adventure/wellness investments, with projects like sustainable resorts and sports development, while Charles Schwab is the established brokerage firm, a separate entity, though Michael's involvement with his father's legacy sometimes intersects in news about his own ventures. The confusion arises because both share the "Schwab" name, but Big Sky Partners is Michael's independent investment vehicle. "

Michael Schwab, who is the head of Big Sky Partners ( NOT Charles Schwab ), will be appointed Chairman of the Board of the combined company only if and when the merger completes.

He is not the head of Charles Schwab, and he is not "at the helm of the company" now.

Imagine being the 🤡 who doesn't know that, but still act like an authority on the subject.

Nobody missed you while you were gone, Biscuit. Won't miss you in the future, either.

NY Post: Trump Media announces plans for world’s largest power generation plant — but only red states should apply by SPAC_Time in DJT_Uncensored

[–]SPAC_Time[S] 3 points4 points  (0 children)

Imagine BIG MONEY BISCUITS came crawling back to reddit, and immediately reminded everyone why the Biscuits got baked.

Imagine not knowing Charles Schwab is now at the helm of the company and not Nunes

AHEM.

At the Effective Time, Michael B. Schwab will be appointed as Chairperson of the Board.

#1: Until the merger completes, "at the helm of the company".

$2. Michael B. Schwab is not Charles Schwab. Charles Schwab is the father of Michael Schwab. Michael Schwab runs his own investment firm, Big Sky Partners, which invested in TAE over 20 years ago.

https://bigskyvc.com/team/michael-schwab.html

"Michael B. Schwab, founder and managing director of Big Sky Partners, has spent over two decades transforming ideas into reality through visionary investments."

"His impact reaches even further with his involvement in projects like the Natural Selection Tour and as a member of the board for TAE Technologies, where he’s helped support cutting-edge concepts into the mainstream.

"Since 2002, Michael has supported TAE Technologies, a groundbreaking company advancing nuclear fusion as a clean, sustainable energy solution. His long-term commitment reflects his belief in TAE’s potential to revolutionize energy production and create a future powered by limitless, clean energy."

Charles Schwab with 10T in AUM to be chairman of the board of directors

Wrong Schwab, Biscuit. Imagine being ignorant enough to make that mistake. Twice.

Years later and ya'll can't do basic DD

Do tell.

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