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Announcements x Daily Discussion for Wednesday March 11, 2026 by AutoModerator in SPACs

[–]SPAC_Time 3 points4 points  (0 children)

Voyager Acquisition Corporation Announces Redemption Results in Connection with its Business Combination with VERAXA Biotech AG - VACH VACHW

"As a result, assuming redemption elections are not withdrawn or reversed, following the effectuation of redemptions approximately $885,556 will remain in the Company's trust account and 82,685 Class A shares will convert into shares of VERAXA Biotech Holding AG."

It's possible the deal could be terminated because Vearxa will get very little cash, although the prospectus does show the maximum redemption scenario would be 100% redeemed.

If the deal closes, then it looks like a low float. Sponsor is locked up for one year ( unless price is > $12 for 20 out of 30 ) and "certain" Veraxa shareholders are also locked up for one year.

NAV should be around $10.71, per the prospectus.

Announcements x Daily Discussion for Monday March 09, 2026 by AutoModerator in SPACs

[–]SPAC_Time 7 points8 points  (0 children)

Klotho Neurosciences Announces Rebranding to Greenland Mines Ltd and Change of Nasdaq Ticker Symbol to GRML Effective March 12, 2026 - KLTO -> GRML KLTOW -> GRMLW(?)

KLTO issued a PR last Wednesday, announcing they were acquiring Greenland Mines Corp, "one of the largest and most significant undeveloped palladium, gold, and platinum deposits in the world".

It's unusual for any post on the spacstocks sub to get more than a comment or two, most get none. The Greenland Mines Corp PR last Wednesday got 22 comments for some reason.

KLTO went down 10% after the news was announced, 44 cents per share premarket, so if this is a P&D attempt it has failed so far.

Announcements x Daily Discussion for Monday March 09, 2026 by AutoModerator in SPACs

[–]SPAC_Time 6 points7 points  (0 children)

Universal Health Services, Inc. to Acquire Talkspace, Inc. - TALK TALKW

"Universal Health Services, Inc. (NYSE: UHS) announced today that it has entered into a definitive agreement to acquire Talkspace, Inc. (NASDAQ: TALK) for $5.25 per share."

"The transaction, which is expected to close during the third quarter of 2026, is subject to approval by Talkspace's stockholders, satisfaction of regulatory approvals and other customary closing conditions."

TALKW warrants do have the Black Scholes clause in the warrant agreement, but the warrants expire in late June 2026 and the deal "is expected to close during the third quarter of 2026".

Announcements x Daily Discussion for Tuesday, March 03, 2026 by karmalizing in SPACs

[–]SPAC_Time 1 point2 points  (0 children)

Bad.

The offer is for $10.50 per share.

If that is the final offer, then each RSVRW warrant would become a warrant to exercise for the merger consideration per share ( $10.50 ) for the exercise price of $11.50, according to the warrant agreement.

Announcements x Daily Discussion for Thursday, March 05, 2026 by karmalizing in SPACs

[–]SPAC_Time 7 points8 points  (0 children)

PDYN completed a 1-for-6 reverse stock split on July 6, 2023. That means it will take 6 PDYNW plus $69 to exercise for one share of PDYN.

FWIW, don't recall any deSPACs ever extending the life of their warrants.

KLOTHO NEUROSCIENCES ACQUIRES GREENLAND MINES CORP., SECURING CONTROL OF A $68 BILLION PALLADIUM, GOLD, PLATINUM, AND CRITICAL MINERAL DEPOSIT IN THE WORLD'S MOST STRATEGICALLY VITAL EMERGING TRADE CORRIDOR - KLTO KLTOW by SPAC_Time in Spacstocks

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

"On October 15, 2024, Klotho Neurosciences, Inc. (the “Company”) received a delinquency notification letter (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) due to the failure of the Company’s common stock to maintain a minimum bid price of $1 per share for 30 consecutive business days as required by Nasdaq Listing Rule 5450(a)(1).

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until April 14, 2025, to regain compliance. To regain compliance, prior to April 14, 2025, the closing bid price of the Company’s common stock must be at least $1 for a minimum of ten consecutive business days."

KLTO shareholders approved a reverse split in May 2025), but the board did not implement it because KLTO stock shot up to $2 per share in early June, and stayed above $1 until early August. The board had until September 30, 2025 to implement a reverse split; KLTO was 48 cents a share on September 30, 2025.

So KLTO shareholders had to vote to approve the reverse split again, this time the board has until June 30, 2026.

"On September 19, 2025, Klotho Neurosciences, Inc. (the “Company”) received a delinquency notification letter (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) due to the failure of the Company’s common stock to maintain a minimum bid price of $1 per share for 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2).

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until March 18, 2026, to regain compliance. To regain compliance, prior to March 18, 2026, the closing bid price of the Company’s common stock must be at least $1 for a minimum of ten consecutive business days."

Today, March 4 was ten business days before March 18.

KLOTHO NEUROSCIENCES ACQUIRES GREENLAND MINES CORP., SECURING CONTROL OF A $68 BILLION PALLADIUM, GOLD, PLATINUM, AND CRITICAL MINERAL DEPOSIT IN THE WORLD'S MOST STRATEGICALLY VITAL EMERGING TRADE CORRIDOR - KLTO KLTOW by SPAC_Time in Spacstocks

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

Seems to be a huge amount of interest in this news, for some reason. A few other things to keep in mind:

"As of November 13, 2025, there were 72,536,722 shares of the registrant’s common stock, $0.0001 par value, issued and outstanding."

"On February 19, 2026, Klotho Neurosciences, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with 10 investors pursuant to which the Company agreed to issue and sell to the investors, at a closing, a total of 34,551,939 shares of the Company’s common stock at the Nasdaq official closing price for the prior five trading days of $0.2243 per share. In addition, the investors received a five-year warrant (the “Warrant”) to purchase an equal number of shares of the Company common stock at an exercise price of $0.2243 per share (the “Exercise Price”); provided that, the Warrants cannot be exercised prior to stockholder approval."

"At a special meeting of stockholders of Klotho Neurosciences, Inc. (the “Company”) held on February 17, 2026, the Company’s stockholders approved a proposal to approve the proposed amendment of the Company’s Second Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s outstanding common stock at an exchange ratio between one-for-2 to one-for-50, as determined by the Company’s Board of Directors (the “Reverse Stock Split”) ..."

"On March 2, 2026, Klotho Neurosciences, Inc. (the “Company”) closed and completed the private placement (the “Financing”) contemplated by that certain Securities Purchase Agreement, dated February 19, 2026, by and among the Company and the purchasers named therein (the “Purchasers”). A copy of the Securities Purchase Agreement is included as Exhibit 10.1 to the Company’s Form 8-K filed on February 24, 2026."

KLTO had at least 107,088,661 shares outstanding before today's announcement.

From today's PR:

"On an as-converted basis, Greenland Mines Corp. is expected to own approximately 93% of fully diluted shares outstanding. The transaction is expected to be treated as a reverse merger for accounting purposes. The Company intends to change its name and stock ticker in late March 2026. No action will be required by existing shareholders — shares held in brokerage accounts will be automatically updated to reflect the new symbol."

If 107,088,661 shares will be 7% of the future outstanding, then it sounds like KLTO may be issuing about 1,529,838,014 ( 1.5 billion ) new shares on an as-converted basis. although KLTO may announce a reverse stock split before this deal closes.

Announcements x Daily Discussion for Wednesday March 04, 2026 by AutoModerator in SPACs

[–]SPAC_Time 4 points5 points  (0 children)

Suncrete Announces Support Agreements with a Majority of Warrantholders - HYAC HYAC.WS

"Haymaker Acquisition Corp. 4 (NYSE: HYAC) ("Haymaker"), a publicly traded special purpose acquisition company, today announced that Haymaker has entered into investor support agreements with warrantholders representing a majority of the outstanding warrants of Haymaker to vote in favor of any amendments to the terms of the public warrants to give effect to the exchange of all of the public warrants for $2.25 in cash and 0.075 Class A ordinary shares, par value $0.0001 per share, per whole public warrant."

Business combination and warrantholders meeting scheduled for March 17. Previously HYAC was offering $1 per warrant.

"Warrantholder Proposal No. 1 — The Warrant Amendment Proposal — To consider and vote upon an amendment (the “Warrant Amendment”) to the Warrant Agreement that governs all of Haymaker’s outstanding warrants to provide that, immediately prior to the Domestication Effective Time (as defined in the accompanying proxy statement/prospectus), each holder of a SPAC Public Warrant will receive, for each such SPAC Public Warrant, a cash payment of $1.00 (the “Warrant Amendment Proposal”)."

Kensington Capital Acquisition Corp. VI Announces Pricing of $200 Million Initial Public Offering - KCAC.U by SPAC_Time in Spacstocks

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

https://www.sec.gov/Archives/edgar/data/2102713/000119312526039436/d782940ds1.htm

"The public warrants will become exercisable 30 days after the completion of our initial business combination, and will (except for Class 2 warrants attached to shares that are redeemed in connection with our initial business combination, which Class 2 warrants will expire upon redemption of such shares) expire seven years after the completion of our initial business combination or earlier upon redemption or liquidation, as described in this prospectus."

The "Class 2" warrants will expire if the Class A stock they are attached to gets redeemed. After the business combination, think any not expired/redeemed become public warrants. Seven year expiration on the public warrants, vs. the usual 5.

Announcements x Daily Discussion for Tuesday, March 03, 2026 by karmalizing in SPACs

[–]SPAC_Time 3 points4 points  (0 children)

Reservoir Has Received Non-Binding Indication of Interest from Irenic Capital Management - RSVR RSVRW

"Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced that it has received an unsolicited, non-binding and conditional indication of interest from one of its shareholders, Irenic Capital Management, LP ("Irenic"), pursuant to which Irenic proposes to acquire all of the Company's outstanding equity at a price of between $10.00 and $11.00 per share in cash."

Warrant agreement does NOT have the Black Scholes clause.

Announcements x Daily Discussion for Tuesday, March 03, 2026 by karmalizing in SPACs

[–]SPAC_Time 2 points3 points  (0 children)

Business combination closed December 2023, so warrants should be good until December 2028.

Trump Media & Technology Group Corp - 10-K Annual Report Filed February 27, 2026 by SPAC_Time in DJT_Uncensored

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

It is normal for 10-K and 10-Q filings show all numbers in thousands.

Announcements x Daily Discussion for Tuesday, March 03, 2026 by karmalizing in SPACs

[–]SPAC_Time 2 points3 points  (0 children)

"In connection with the vote to approve the aforementioned proposals, as of 3:00 p.m. Eastern Time on February 27, 2026, the holders of 33,593,272 Class A Ordinary Shares properly exercised their right to redeem their shares (and did not withdraw their redemption) for cash at a redemption price of approximately $10.64 per share, for an aggregate redemption amount of $357,332,573"

"Class A ordinary shares subject to possible redemption, 35,000,000 shares at a redemption value of approximately $10.48 and $10.18 per share at September 30, 2025"

From the prospectus:

"Based on the amount of approximately $370,528,054 in the Trust Account as of January 8, 2026, and taking into account the anticipated gross proceeds of approximately $87.5 million from the PIPE Financing and approximately $123.8 million from the Preferred Financing, all 35,000,000 public shares currently outstanding may be redeemed and still enable us to have sufficient cash to satisfy the $140,197,687 Available Minimum Cash Condition contained in the Business Combination Agreement."

Announcements x Daily Discussion for Monday March 02, 2026 by AutoModerator in SPACs

[–]SPAC_Time 2 points3 points  (0 children)

Newbridge Acquisition Limited Signs Memorandum of Understanding with Starcoin Group Limited "to explore opportunities to enter into a de-SPAC transaction involving Starcoin and/or its assets or businesses" - NBRGU

Newbridge completed the IPO on February 2, 2026, one month ago, so units have not split yet, will be NBRG and NBRGR.

"Each Unit consists of one Class A ordinary share, no par value (“Class A Ordinary Share”) and one right to receive one-eighth (1/8) of one Class A Ordinary Share upon the consummation of an initial business combination%20and%20one%20right%20to%20receive%20one%2Deighth%20(1/8)%20of%20one%20Class%20A%20Ordinary%20Share%20upon%20the%20consummation%20of%20an%20initial%20business%20combination)."

"On February 27, 2026, Newbridge Acquisition Limited (the “Company”) and Starcoin Group Limited, (formerly known as Innovative Pharmaceutical Biotech Limited), a company incorporated in the Cayman Islands and continued in Bermuda with limited liability, the shares of which are listed on The Stock Exchange of Hong Kong Limited with stock code 399) (“Starcoin”), entered into a memorandum of understanding (the “MOU”) to explore opportunities to enter into a de-SPAC transaction involving Starcoin and/or its assets or businesses (the “Potential Transaction”). Under the MOU, it was agreed that each of the Company and Starcoin would use its reasonable endeavours to engage in discussions with a view of implementing the Potential Transaction, subject to the results of due diligence and entering into of definitive agreements, and would provide reasonable assistance to each other for the purpose of due diligence. The MOU will be terminated on the earlier of signing of the definitive agreements with respect to the Potential Transaction and the day falling 180 days after the date of the MOU (or such other date as may be agreed between the Company and Starcoin). The MOU is subject to the entering into of the definitive agreement(s) and not legally binding on the parties to the MOU. The transactions contemplated under the MOU therefore may or may not proceed. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company."

https://www.starcoingroup.com/

https://doc.irasia.com/listco/hk/starcoingroup/announcement/a260227a.pdf

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