PALO ALTO, Calif., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Scilex Holding Company ("Scilex" or the "Company") (Nasdaq: SCLX) , an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain and neurodegenerative and cardiometabolic disease, today announced that the registration statement on Form S-4 (the "Registration Statement"), related to the previously announced proposed business combination (the "Bu ...

Group 1 - The Company, Pioneer Acquisition I Corp, announced that holders of its initial public offering units may begin to separately trade Class A ordinary shares and warrants starting on or about August 15, 2025 [1] - The initial public offering consisted of 25,300,000 units, including 3,300,000 units from the underwriters' overallotment option, completed on June 20, 2025 [1] - Units that are not separated will continue to trade under the symbol "PACHU," while Class A ordinary shares and warrants will trade under the symbols "PACH" and "PACHW," respectively [1] Group 2 - The Company is a blank check company incorporated in the Cayman Islands, aiming to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities [2] - A registration statement for the securities was declared effective on June 17, 2025, in accordance with the Securities Act of 1933 [3]

Company Overview - Integrated Wellness Acquisition Corp (WEL) is a publicly traded special purpose acquisition company focused on mergers and acquisitions in the health, nutrition, fitness, wellness, and beauty sectors [3] - Btab Ecommerce Group, Inc. (Btab) operates in the e-commerce sector, providing technology and products to small businesses across Australia, Asia, the United States, and the United Kingdom [4] Business Combination Announcement - WEL and Btab announced the public filing of a registration statement on Form S-4 with the SEC, marking a significant milestone in their proposed business combination [1][2] - The filing aims to facilitate Btab's transition to a national securities exchange, such as Nasdaq or NYSE, pending regulatory approvals [2] Strategic Goals - Btab's CEO, Binson Lau, emphasized the goal of expanding Btab's platform to empower small businesses through technology-driven commerce [2] - Btab aims to expand its reach into Europe and the Americas, capitalizing on the anticipated substantial growth of e-commerce in Asia driven by increasing internet adoption and rising spending power [4] Regulatory Process - The completion of the proposed transaction is subject to regulatory approval, WEL's shareholder approval, and other customary closing conditions [2] - The Registration Statement includes a prospectus for Pubco's securities and a proxy statement for WEL's shareholders, which will be mailed once declared effective by the SEC [5][6] Future Outlook - The anticipated benefits of the business combination include enhanced market opportunities for Btab and improved access to capital for growth initiatives [9] - Btab's growth strategies may be influenced by various factors, including competition, market conditions, and the ability to manage growth effectively [10]

Core Viewpoint - Cavalry Capital Corp. has announced a definitive agreement for a business combination with Advanced Energy Fuels, Inc., which will result in Advanced Energy becoming a wholly-owned subsidiary of Cavalry [1][4]. Transaction Details - The business combination will involve Cavalry acquiring all outstanding common shares of Advanced Energy, with shareholders receiving one post-consolidation common share of Cavalry for each common share of Advanced Energy [1]. - The transaction is expected to meet the listing requirements for a Tier 2 mining issuer under the TSX Venture Exchange [1]. Share Consolidation and Private Placement - Cavalry will consolidate its outstanding share capital at a ratio of 1.66 pre-consolidation shares for each post-consolidation share, resulting in approximately 3,893,072 shares outstanding post-consolidation [3]. - Approximately 19,879,938 post-consolidation shares will be issued to former holders of Advanced Energy common shares as part of the purchase price [3]. - A private placement will be completed for at least 10,000,000 subscription receipts at a price of $0.25 each, aiming for gross proceeds of at least $2,500,000 [3]. Project Development - Proceeds from the private placement will be used to advance the South Woodie Woodie Manganese Project in the Pilbara Region, with plans to complete a pre-feasibility study [3]. - Advanced Energy will acquire a 100% interest in the SWWM Project by paying AUD$450,000 to Trek Metals Limited and issuing shares to Trek [3]. Management and Name Change - The management and board of directors of the resulting issuer will consist of three nominees from Advanced Energy and two from Cavalry [10]. - Cavalry will change its name to "Advanced Energy Fuels Group Limited" or another name determined by Advanced Energy [10]. Regulatory and Approval Conditions - The transaction is subject to customary closing conditions, including approvals from the TSXV and completion of the private placement and consolidation [6]. - No finder's fees are payable in connection with the transaction, except for the private placement [5].

Business Combination Amendment - ProCap BTC 和 Columbus Circle Capital Corp I 修订了业务合并协议，旨在使 CCCM 的公众股东有机会获得比特币升值带来的收益 [1][2] - 该修订将一部分调整股份重新分配给未赎回股份的 CCCM 公众股东 [5] Bitcoin Acquisition and Valuation - ProCap BTC 在 2025 年 6 月筹集了超过 750 million 美元，其中包括向特定投资者进行的 516.5 million 美元的优先股发行 [3] - ProCap BTC 以平均价格 104,343 美元购买了 4,950 个比特币 [3] - 截至 2025 年 7 月 27 日，比特币价格约为 118,900 美元，这意味着购买的比特币总价值为 588.6 million 美元 [3] Adjustment Shares Allocation - 调整股份的 85% 分配给优先股投资者 [5] - 剩余的 15% 的调整股份，原本分配给 Anthony Pompliano 的投资公司 Inflection Points Inc，现重新分配给未赎回股份的 CCCM 公众股东 [5] Strategic Rationale - ProCap Financial 团队认为比特币是新的最低收益率标准 [6] - CCCM 的公众股东现在可以享受比特币价格上涨带来的收益 [6]

Core Viewpoint - ProCap BTC and Columbus Circle Capital Corp I have amended their business combination agreement to enhance exposure for CCCM public shareholders to Bitcoin price appreciation through ProCap BTC's holdings [1][2] Group 1: Business Combination Details - The amendment allows CCCM public shareholders who do not redeem their shares to receive additional common stock in the new entity, ProCap Financial [1][4] - ProCap BTC raised over $750 million for the business combination, acquiring 4,950 Bitcoin at an average price of $104,343, with the current Bitcoin price at approximately $118,900, valuing the holdings at $588.6 million [2] - If the value of the Bitcoin at closing exceeds the signing price, ProCap BTC unitholders will receive additional shares based on their ownership [3] Group 2: Share Allocation - 85% of the adjustment shares will be allocated to preferred equity investors, while the remaining 15% will now be allocated to CCCM public shareholders who do not redeem their shares [4] - This reallocation was made under the recent amendment to the agreement [4] Group 3: Company Background - ProCap BTC is a Bitcoin-native financial services firm founded by Anthony Pompliano, who has significant experience in private investments and is a prominent voice in the Bitcoin community [6] - ProCap Financial, the resulting company from the business combination, aims to provide profit-generating products and services tailored for large financial institutions and institutional investors [6][7] Group 4: Market Perspective - The ProCap Financial team views Bitcoin as a new benchmark for investment returns, suggesting that investors must either outperform Bitcoin or invest in it directly [5]

Core Viewpoint - 180 Degree Capital expresses optimism regarding its proposed business combination with Mount Logan Capital Inc. and highlights positive developments from its portfolio company, Synchronoss Technologies, Inc. [1][2] Financial Performance - Synchronoss Technologies received $30.2 million of its $33.9 million tax refund, expecting the remaining $3.7 million before Labor Day 2025 [1] - 75% of the tax refund proceeds, approximately $25.4 million, will be used to pay down part of a $200 million term loan, resulting in annual interest savings of about $2.9 million [1] - After the loan payment, Synchronoss will have total debt of $173.4 million, cash of approximately $30 million, and net debt of approximately $143 million [1] - Synchronoss has reduced its total debt by over $100 million in the last four years [1] Shareholder Value - 180 Degree Capital's net asset value per share (NAV) is estimated to be approximately $5.10, with a year-to-date growth of about 10% in NAV, significantly outperforming the Russell Microcap Index's total return of 4.8% [2] - The company owns approximately 890,000 shares of Synchronoss, and the positive developments are expected to enhance the value of 180 Degree Capital's holdings [1][2] Business Combination - The proposed all-stock merger with Mount Logan Capital is anticipated to close soon, with 180 Degree Capital's shareholders expected to own more than 40% of the combined company [2] - The management team of Synchronoss, particularly the CFO, is commended for strengthening the company's balance sheet and reducing interest payments, which benefits common stockholders [2]

Core Viewpoint - ProCap BTC LLC and Columbus Circle Capital Corp I are moving forward with a proposed business combination, with a draft registration statement submitted to the SEC [1][2]. Group 1: Company Overview - ProCap BTC is a bitcoin-native financial services firm founded by Anthony Pompliano, who has invested in over 300 private companies and is a prominent figure in the bitcoin space [3]. - ProCap Financial, the entity resulting from the proposed business combination, aims to develop profit-generating products and services tailored for large financial institutions and institutional investors [3]. - Columbus Circle Capital Corp I is a special-purpose acquisition company (SPAC) formed to facilitate mergers and similar business combinations, led by experienced investment banking professionals [4]. Group 2: Proposed Transactions - The draft registration statement pertains to the business combination announced on June 23, 2025, which requires shareholder approval from CCCM [2]. - The proposed transactions include a private placement of non-voting preferred units and commitments for convertible notes, aimed at raising capital for ProCap Financial [5][8]. - The definitive proxy statement and other relevant documents will be provided to CCCM shareholders for voting on the proposed transactions [6].

As part of the proposed business combination between ProCap BTC LLC and Columbus Circle Capital Corp 1 $CCCM, I am very limited in what I can say publicly until the deal is done.The lawyers basically have my hands tied behind my back. Not fun but it is part of the public market environment.We haven’t announced who is on the operating team, who is on the board, or who some of the largest investors are.That is all going to change soon.I am excited to share more about the team and our plans. Let’s go! ...

Company Overview - TLGY Acquisition Corp. has entered into a definitive agreement for a business combination with StablecoinX Assets Inc., which will support the Ethena ecosystem [1] - The combined entity will be named StablecoinX Inc. and aims to list its Class A common shares on Nasdaq under the ticker symbol "USDE" [1] Transaction Details - The transaction is referred to as the "Business Combination Agreement" and involves the merger of TLGY and SC Assets [1] - A call to discuss the proposed transaction with securities analysts is scheduled for July 22, 2025, at 8:30 a.m. ET [1] Regulatory Filings - StablecoinX plans to file a registration statement on Form S-4 with the SEC, which will include a preliminary proxy statement of TLGY and a preliminary prospectus of StablecoinX [2] - After the registration statement is effective, TLGY will mail the definitive proxy statement/prospectus to its shareholders for voting at the Extraordinary General Meeting [2] Access to Information - TLGY's shareholders and interested parties can obtain copies of the registration statement and related documents free of charge through the SEC's website [3]