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The first special purpose acquisition company (SPAC) merger announced in 2023 has fallen apart. Aprinoia Therapeutics Inc. and Ross Acquisition Corp. II mutually agreed to call off the merger that had been valued at $280 million. The failed deal is part of a larger trend that has gained momentum in the past year as a struggling economy and tighter U.S. SEC restrictions dampened SPAC deals. ....
Vishal Garg’s SoftBank-backed company, once valued at $7.7 billion, had no profitability in sight after taking the company public Thursday via a SPAC merger. ....
Now that s more than double the $10 per share agreed with vinfast s spac partner black spade acquisition. it surged further during the session, ending at more than $37. the merger with the special purpose acquisition company gave vinfast a listing in the us market, where it s hoping to take on industry leader tesla with a $4 billion factory currently under construction in north carolina. totals are totals a re pa rt totals are part of a really important ecosystem. they are the natural fresh winds of the ocean. doing their bit to support sea turtles in the caribbean. the turtles are been affected by plastic. ....