Mountain Lake Acquisition Corp. II, a SPAC led by CEO Paul Grinberg and CFO Douglas Horlick, priced its upsized IPO at $313.2 million, offering 31.32 million units at $10.00 per unit on Nasdaq under ticker 'MLAAU'. Each unit includes one Class A ordinary share and half a redeemable warrant exercisable at $11.50. The offering is expected to close on January 28, 2026.

New York, NY, June 13, 2023 (GLOBE NEWSWIRE) -- Malacca Straits Acquisition Company Limited (“Malacca”) (Nasdaq: MLAC) announced, announced today that (i) Malacca, Indiev, Inc and certain other parties have mutually agreed to terminate their previously announced Agreement and Plan of Merger (the “Merger Agreement”), effective as of June 8, 2023 and (ii) it intends to liquidate as soon as practicable on June 16, 2023 and to return funds to holders of its Class A ordinary shares.

New York, NY, April 26, 2023 (GLOBE NEWSWIRE) -- Malacca Straits Acquisition Company Limited (the “Company”) (Nasdaq: MLAC) announced that on April 21, 2023, it received a letter (the “Public Float Notice”) from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it no longer meets the minimum 500,000 publicly held shares required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(4) (the “Public Float Standard”). The Public Float Notice states that the Company has until June 5, 2023 to provide Nasdaq with a specific plan to achieve and sustain compliance with all Nasdaq Capital Market listing requirements, including the time frame for completion of its plan. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.

Digital World Acquisition Corp (NASDAQ: DWAC) shares plunged 20.1% on Wednesday morning after Republican candidates endorsed by President Donald Trump performed poorly in Tuesday's midterm elections. Digital World shares are now down 56.8% overall year-to-date, and short sellers are betting aggressively on more downside ahead. The Numbers: As a whole, SPACs currently have $506 million in total short interest. S3 Partners analyst Ihor Dusaniwsky said Tuesday that SPAC short interest has increased by $10 million in the past 30 days, led by a surge in short interest for Freedom Acquisition I Corp (NYSE: FACT). Related Link: Occidental Petroleum Is The Most Shorted Stock In The Energy Sector: How Do Exxon Mobil And Chevron Compare? "SPAC short covering was also muted over the past thirty days, with no SPACs with more than $5 million of buy-to-covers," ...Full story available on Benzinga.com