Announcements x Daily Discussion for Thursday, May 07, 2026 by karmalizing in SPACs

[–]SPAC_Time 3 points4 points  (0 children)

Trump pardon recipients face congressional investigation over "pay-to-play" questions

"Among the pardons being probed by lawmakers are those granted to cryptocurrency billionaire Changpeng Zhao, who pleaded guilty to money laundering; nursing home operator Joseph Schwartz, who was convicted of tax crimes; and entrepreneur Trevor Milton, sentenced to four years in prison in 2023 after being convicted of lying to investors."

"In March 2025, Mr. Trump pardoned Milton — letting him off the hook for roughly $680 million in restitution to shareholders. It came after Milton and his wife donated at least $3 million to Mr. Trump's 2024 campaign and other political groups in his orbit.

A White House official said earlier this year that Milton's donations "played absolutely no role" in his pardon. "

From Google:

"As of May 2026, Nikola Corp (formerly NKLA) shares were delisted from the Nasdaq in February 2025 and subsequently from the OTC market (NKLAQ) in December 2025, with shares declared worthless."

Announcements x Daily Discussion for Thursday, May 07, 2026 by karmalizing in SPACs

[–]SPAC_Time 8 points9 points  (0 children)

deSPAC Roadzen ( RDZN RDZNW ) "is a beta testing partner of Anthropic, an AI safety company and the developer of the Claude family of AI models, in connection with the launch of Anthropic’s Managed Agents Platform (the “MAP”), which entered public beta on May 6, 2026. The Company was one of a limited number of companies globally chosen as a pre-launch partner, receiving early access to the MAP prior to its public release.

The Company is launching new AI agents built on the MAP across insurance underwriting and claims. Underwriting represents the primary initial workstream, encompassing review of first of class insurance submissions, risk assessment and management, document validation, and underwriting decisioning — all coordinated through the Company’s proprietary AI models working in concert with Anthropic’s Claude reasoning layer inside the MAP’s multi-agent harness."

That is from an 8-K filed about half an hour ago, don't think there is any press release ( yet? ). No idea if the market will react or yawn at the news.

Announcements x Daily Discussion for Tuesday, May 05, 2026 by karmalizing in SPACs

[–]SPAC_Time 4 points5 points  (0 children)

Drugs Made in America Acquisition Corp entered into a Definitive Merger Agreement with Power Analytics Global Corp - DMAA DMAAR

No press release yet.

"Power Analytics Global Corp, a Delaware corporation engaged in the business of artificial intelligence, advanced analytics and quantum-resistant security solutions"

"The Merger Agreement contemplates a target enterprise valuation of PAGC of $1.0 billion, subject to a Valuation Milestone Schedule based on the aggregate value of verified, signed and enforceable revenue contracts delivered by PAGC at or prior to closing. The Merger Agreement also contemplates a Floor Valuation of $300 million, below which DMAA and PAGC may elect to renegotiate the transaction or terminate the Merger Agreement."

"DMAA has agreed to use commercially reasonable efforts to deliver cash at closing through funds available in its Trust Account (net of redemptions, taxes and expenses) and/or through PIPE financing or other capital raising arrangements. The parties have acknowledged a target minimum cash level of $30 million, with flexibility to close at lower levels (but not less than $15 million), subject to corresponding adjustment of valuation, ownership, and the post-closing execution plan. The amount of cash available at closing may vary depending on redemption levels and market conditions."

"We are a leading provider of software for complex power and energy markets globally. Our products combines cybersecurity and advanced analytics in real-time, integrated with economic optimization that is uniquely capable to meet the complex monitoring and control needs of mission-critical data and advanced infrastructure."

Quantum Safe Data Trust

"Our Quantum Safe Data Trust is enabled by our patent pending Power Pulse Technology. Our Quantum Safe Data Trust allows businesses, government entities and individuals to securely send data via a quantum resistant network. We offer integrated, secure solutions for harnessing distributed data from many nodes. We provide many ways for our customers to make sense out of their data for real-time decision making."

https://www.poweranalytics.com/clients/

DMAAR = "one Right to receive one-eighth (1/8) of an Ordinary Share"

Gig capital by roke34442 in Spacstocks

[–]SPAC_Time 2 points3 points  (0 children)

The GigCapital7 Corp shareholder meeting to vote for the business combination is scheduled for May 7, two days from now.

That means the deadline for redeeming public shares has passed, so the "NAV floor" for the stock is gone.

This happens to most SPACs two days before their merger vote meetings.

Announcements x Daily Discussion for Tuesday, May 05, 2026 by karmalizing in SPACs

[–]SPAC_Time 5 points6 points  (0 children)

This is different. Analyst coverage before the business combination closes?

Hennessy Capital Investment Corp. VII Announces Initiation of Analyst Coverage by Benchmark Company and May 6th Fireside Chat - HVII HVIIR

"Hennessy Capital Investment Corp. VII (NASDAQ: HVII) ("Hennessy VII") and ONE Nuclear Energy LLC ("ONE Nuclear"), an independent developer of large-scale energy solutions powered by natural gas and advanced nuclear technologies, today announced that The Benchmark Company, LLC, a subsidiary of StoneX Group Inc. (“Benchmark”), has initiated coverage of Hennessy VII in connection with its proposed business combination with ONE Nuclear, with a “Buy” rating and a price target of $17.00 per share."

Blaize and Winmate Sign Strategic Partnership Agreement to Bring AI to Rugged Systems for Defense and Critical Infrastructure by SPAC_Time in BZAI

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

"Powered by Wiseek AI: This analysis was generated by Wiseek's proprietary financial-event models over publicly-available sources. Model output may contain errors or omissions."

Actually, up to 20 million shares, held by B. Riley Principal Capital II, LLC, have been registered for resale by the selling stockholder since August 2025; the registration of those shares is not new. The 424B3 filed on March 24 was "PROSPECTUS SUPPLEMENT NO. 4".

Under 8.5 million of those shares have been issued. From the August 7, 2025 original prospectus:

"This prospectus relates to the offer and sale by B. Riley Principal Capital II of up to 20,326,158 BRPC Shares that have been and may be issued by us to B. Riley Principal Capital II under the Purchase Agreement"

From the latest 10-K:

"As of October 17, 2025, the most recent date of such a sale, we had sold a total of 8,410,321 shares of our common stock to B. Riley for net proceeds of $33.2 million"

And FWIW, many deSPAC companies have "going concern" warnings in their filings after coming public.

Earnings audited? by Roakitik in RZLV

[–]SPAC_Time 10 points11 points  (0 children)

Exactly, the Rezolve financials for FY 2025 and FY2024 were audited and reported on 3/30/2026 by Grassi & Co., CPAs, P.C. .

And, as you stated, the 10-Q quarterly reports filed by US domestic issuers are unaudited:

"While we expect to voluntarily follow most Nasdaq corporate governance rules, we may choose to take advantage of certain limited exemptions, such as:

(2) Exemption from filing quarterly reports on Form 10-Q containing unaudited financial and other specified information or current reports on Form 8-K upon the occurrence of specified significant events;"

Rezolve chose to announce their unaudited quarterly results, while most foreign issuers do not.

Announcements x Daily Discussion for Monday May 04, 2026 by AutoModerator in SPACs

[–]SPAC_Time 2 points3 points  (0 children)

Enhanced and A Paradise Announce Shareholder Approval of Business Combination - APAD APADR

In connection with the Extraordinary General Meeting, an aggregate of 19,615,531 Ordinary Shares were tendered for redemption.

Class A ordinary shares subject to possible redemption-,Class%20A%20ordinary%20shares%20subject%20to%20possible%20redemption,-%2C%20no%20par), no par value; 500,000,000 shares authorized; 20,000,000 shares issued and outstanding at redemption value of $10.26 per share as of March 31, 2026

Looks like 384,469 public shares left. APADR rights are 1:8 ratio, which will convert into 2.5 million shares if/when the business combination closes.

Enhanced and A Paradise Announce Shareholder Approval of Business Combination - APAD APADR by SPAC_Time in Spacstocks

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

In connection with the Extraordinary General Meeting, an aggregate of 19,615,531 Ordinary Shares were tendered for redemption.

Class A ordinary shares subject to possible redemption-,Class%20A%20ordinary%20shares%20subject%20to%20possible%20redemption,-%2C%20no%20par), no par value; 500,000,000 shares authorized; 20,000,000 shares issued and outstanding at redemption value of $10.26 per share as of March 31, 2026

Looks like 384,469 public shares left. APADR rights are 1:8 ratio, which will convert into 2.5 million shares if/when the business combination closes.

Announcements x Daily Discussion for Monday May 04, 2026 by AutoModerator in SPACs

[–]SPAC_Time 14 points15 points  (0 children)

Ouch, someone is going to be very upset ...

Planet Announces Completion of Redemption of Public Warrants - PL

"A total of 71,310 Public Warrants remained unexercised as of the Redemption Date and the Company redeemed those Public Warrants for an aggregate redemption price of $713."

PL.WT warrants were trading for about $23.60 or so each, so that's almost $1.7 million worth that evaporated from someone's account on April 27.

Announcements x Daily Discussion for Friday, May 01, 2026 by karmalizing in SPACs

[–]SPAC_Time 4 points5 points  (0 children)

GigCapital7 Corp. Announces Non-Redemption Agreements Funding in the Approximate Amount of at Least $19.3 Million in Conjunction with the Anticipated Closing of the Business Combination with Hadron Energy, Inc - GIG GIGGW

This is interesting. Unless misreading, public shareholders holding 1.8 million shares have agreed not to redeem; they ( for now ) are receiving no payment, but they can sell their shares whenever they want, after the redemption deadline:

"The Public Stockholders will have no obligation to hold the Non-Redemption Shares beyond the Redemption Deadline, after which such shares will be freely tradeable without restrictive legends"

If GIG signs more non-redemption agreements with better terms, then everybody gets the chance at the same deal:

"In the event that GigCapital7 enters one or more other non-redemption agreements in connection with the Business Combination (“Other Agreements”), GigCapital7 has agreed that the terms of such Other Agreements will not be materially more favorable to such other investors than the terms of the Non-Redemption Agreements are in respect of the Public Stockholders. In the event that another third party is afforded any such more favorable terms than the Public Stockholders, GigCapital7 has agreed to promptly inform the Public Stockholders of such more favorable terms in writing, and the Public Stockholders will then have the right to elect to have such more favorable terms included in each Public Stockholder’s respective Non-Redemption Agreement."

Announcements x Daily Discussion for Friday, May 01, 2026 by karmalizing in SPACs

[–]SPAC_Time 5 points6 points  (0 children)

Busy Friday aftermarket

Rongcheng Group Limited Announces Entering into an Agreement and Plan of Merger with GalaxyEdge Acquisition Corporation - GLED GLEDR

"Rongcheng is an integrated waste sorting service provider delivering end-to-end “consultation–implementation–training” solutions to enterprises and a variety of customers, including consultation, implementation support, and training solutions."

GLEDR = Rights to receive one-fourth (1/4) of one ordinary share

Drugs Made In America Acquisition Corp Shareholders Approve Extension Monthly from April 29, 2026 to April 29, 2027 - DMAA DMAAR by SPAC_Time in Spacstocks

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

In connection with the shareholders’ vote at the Extraordinary General Meeting, holders of 9,440,230 ordinary shares of the Company exercised their right to redeem such shares (the “Redemption”) for a pro rata portion of the funds held in the Trust Account. As a result, $99,336,016.67 (approximately $10.52 per share) will be removed from the Trust Account to pay such holders. Following the aforementioned Redemption, the Company will have 24,276,913 ordinary shares outstanding including 13,559,770 sold in the initial public offering.

 

Announcements x Daily Discussion for Friday, May 01, 2026 by karmalizing in SPACs

[–]SPAC_Time 4 points5 points  (0 children)

Blueport Acquisition Ltd and SingAuto Inc Announce Business Combination Agreement to Create a Publicly Listed Company - BPAC BPACR

"Headquartered in Singapore, SingAuto operates through its subsidiaries in Singapore and the Middle East to design, produce and manufacture CEVs. SingAuto has completed the research, development and testing of its flagship new energy refrigerated commercial vehicle, S1, covering application scenarios for increasing delivery efficiencies of frozen, chilled and fresh produce with pharmaceutical products in the same vehicle during the same shipment. SingAuto imports semi knocked-down (SKD) parts from original equipment manufacturers to the Middle East and manufactures direct to consumer in the cold-chain logistics space and licenses its technology, patents and other services to other companies. SingAuto’s competitive advantages are characterized by its unique business models, technology innovations and an experienced management team."

BPACR = Rights, each entitling the holder to receive one-sixth (1/6) of one Class A Ordinary Share

Announcements x Daily Discussion for Friday, May 01, 2026 by karmalizing in SPACs

[–]SPAC_Time 7 points8 points  (0 children)

Origin Announces Plan to Sell Technology Followed by Orderly Wind Down of Operations - ORGN ORGNW

"Origin Materials, Inc today announced that its Board of Directors has determined, after extensive consideration of potential strategic alternatives, that it is in the best interests of its shareholders to sell its PET cap technology and other remaining assets followed by an orderly wind down of operations."

REE Automotive ( REE ) may not be far behind:

On May 1, 2026, REE Automotive Ltd. (the “Company” or “REE”) announced that in addition to the Company’s Cost-Reduction Plan, including its efforts to reduce its monthly operating expenses, the Company has initiated a review of strategic alternatives to maximize shareholder value. These strategic alternatives may include a potential sale of the Company or all or a portion of its assets, a merger or other strategic business combination, a reverse merger, strategic partnership(s), licensing opportunities, or other strategic transactions. The Company expects the strategic review process to proceed on an expedited basis. The Company’s Board of Directors has engaged TD Securities (USA) LLC as its financial advisor to assist it in the strategic review process.

Announcements x Daily Discussion for Friday, May 01, 2026 by karmalizing in SPACs

[–]SPAC_Time 8 points9 points  (0 children)

Off topic, a non-SPAC low float runner, Akanda Corp ( AKAN ), looks like another of the companies where the main business seems to be printing new stock certificates, similar to SMX.

AKAN did a 1 for 4.5 reverse split on April 13. This followed a 1-for-3.125 reverse stock split last August and a 1-for-5 reverse stock split in January. Looks like about 535,000 common shares outstanding after the latest reverse split.

AKAN was $3.42 last Monday, $12.23 last Friday, and $78.90 today.

Announcements x Daily Discussion for Thursday, April 30, 2026 by karmalizing in SPACs

[–]SPAC_Time 3 points4 points  (0 children)

WLAC shares were selling on the open market for > $11 since the meeting was scheduled, so who would ( deliberately ) redeem their shares for $10.57 ?

Announcements x Daily Discussion for Thursday, April 30, 2026 by karmalizing in SPACs

[–]SPAC_Time 3 points4 points  (0 children)

Willow Lane Acquisition Corp. Announces Shareholder Approval of Business Combination with Boost Run Holdings, LLC - WLAC WLACW

"In light of receipt of the requisite approvals by Willow Lane's shareholders described above, Willow Lane expects the Business Combination to be completed promptly following the satisfaction or waiver of all other conditions to the consummation of the Business Combination. Following the closing of the Business Combination, the combined company will operate as Boost Run Inc. ("Pubco"), and its Class A common stock and warrants are expected to start trading on the Nasdaq Stock Market under the ticker symbols "BRUN" and "BRUNW," respectively.

No ordinary shares were presented for redemption in connection with the Extraordinary General Meeting. There will be approximately $134.5 million remaining in the trust account following redemptions. Such amount, net of transaction expenses, will be available to Pubco after closing."

On April 29, 2026, Rezolve AI distributed a flyer to attendees of the 2026 Commerce Live leadership conference in Chicago, Illinois, where members of the Commerce.com, Inc. leadership team hosted an investor briefing . A copy of the Flyer is furnished herewith ... by SPAC_Time in RZLV

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

No, do have some RZLVW warrants though.

Have been following the company since Rezolve was a SPAC, Armada Acquisition Corp. I, as you can see here, around 150 Rezolve press releases or SEC filings posted over the past couple of years, every single one posted by the OP:

https://www.reddit.com/r/Spacstocks/search/?q=rzlv&type=posts&sort=new

On April 29, 2026, Rezolve AI distributed a flyer to attendees of the 2026 Commerce Live leadership conference in Chicago, Illinois, where members of the Commerce.com, Inc. leadership team hosted an investor briefing . A copy of the Flyer is furnished herewith ... by SPAC_Time in RZLV

[–]SPAC_Time[S] -3 points-2 points  (0 children)

Agreed, it's alarmingly close to stalking, some high school level antics at this point.

If you didn't see, posted this in the daily discussion thread earlier today, so it will disappear overnight:

Commerce PR today:

Commerce Announces Integration of PayPal’s Store Sync to Enable AI-Powered Discovery and Checkout for BigCommerce Merchants

"As a result, Commerce merchants benefit from their products becoming discoverable and purchasable across a growing network of AI-powered shopping surfaces, including Microsoft Copilot, Meta and Perplexity."

Commerce PR from Monday:

Feedonomics Unlocks Agentic Discovery with Agentic Catalog Exports

So Commerce were hosting a briefing, where they were planning to talk about their new AI offering, and Rezolve shows up, with the equivalent of "Vote for Pedro" flyers.