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Cartiga to Go Public as a Leading Litigation Finance Asset Management Platform via Business Combination with Alchemy Investments Acquisition Corp 1
Prnewswire· 2025-08-25 20:30
Transaction Positions Cartiga to Recognize Scale from Prior Technology Investments as well as to Bolster Strategic Acquisition Opportunities NEW YORK, Aug. 25, 2025 /PRNewswire/ -- Alchemy Investments Acquisition Corp 1 ("Alchemy") (Nasdaq: ALCY), a publicly traded special purpose acquisition company, today announced that it has entered into a definitive business combination agreement (the "BCA") with Cartiga, LLC ("Cartiga" and together with Alchemy, the "Parties"), a leading data driven, tech forward asse ...
180 Degree Capital Announces Results of Special Meeting of Shareholders to Approve the Proposed Business Combination With Mount Logan Capital Inc.
Globenewswire· 2025-08-22 18:00
MONTCLAIR, N.J., Aug. 22, 2025 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital”) today announced the results from its special meeting of shareholders to approve the proposed all-stock merger with Mount Logan Capital Inc. (“Mount Logan”) (the “Merger Special Meeting”) that was held earlier this morning. The number of shares of common stock entitled to vote at the Merger Special Meeting was 10,000,141 shares, representing the number of 180 Degree Capital’s shares outstanding as ...
Mount Logan Capital Inc. Announces Adjournment of its Special Meeting of Shareholders to August 29, 2025
Globenewswire· 2025-08-22 14:58
Core Viewpoint - Mount Logan Capital Inc. is in the process of a proposed business combination with 180 Degree Capital Corp, which will result in a new publicly traded entity named New Mount Logan, to be listed on Nasdaq Capital Market [1][2] Meeting and Voting Updates - The special meeting of shareholders was adjourned to provide additional time for shareholders to review a supplement to the management information circular, which includes revised terms of the proposed business combination [2][4] - The voting proxy cut-off time has been reopened, allowing proxies to be accepted until August 28, 2025 [3] Business Combination Details - An amendment to the merger agreement was made, increasing the shares to be received by 180 Degree Capital shareholders to 110% of its net asset value at closing, up from 100% [7] - The valuation of Mount Logan at signing was US$67.4 million, compared to its market capitalization of approximately US$49.9 million as of August 18, 2025 [7] Liquidity Programs - New Mount Logan plans to launch a tender offer for up to US$15 million of its common stock within 60 days post-closing, with an additional US$10 million in stock repurchases expected over the following 24 months [8] - The tender offer represents approximately 19% of the estimated closing merger value, with a premium of at least 46% to Mount Logan's estimated closing price of approximately US$1.70 on August 18, 2025 [8] Company Overview - Mount Logan Capital Inc. focuses on alternative asset management and insurance solutions, primarily in public and private debt securities in North America [9] - The company also engages in sourcing, evaluating, underwriting, and managing loans and credit-oriented instruments to achieve attractive risk-adjusted returns [9]
WinVest Acquisition Corp. Announces Postponement of Special Meeting of Stockholders
Globenewswire· 2025-08-21 20:15
Group 1 - WinVest Acquisition Corp. has postponed its Special Meeting of stockholders originally scheduled for August 22, 2025, with a new date to be announced later [1] - The record date for the Special Meeting is set for September 30, 2025, and there are no changes to the location, purpose, or proposals to be acted upon [1] - Stockholders will vote on proposals related to the proposed initial business combination involving WinVest Acquisition Corp., WinVest (BVI) Ltd., Xtribe P.L.C., and Xtribe (BVI) Ltd. [2] Group 2 - The deadline for holders of the Company's common stock to submit shares for redemption in connection with the Business Combination has been extended to two business days before the new date of the Special Meeting [3] - Stockholders can withdraw previously submitted redemption requests at any time prior to the Special Meeting by contacting the Company's transfer agent [3] Group 3 - A sufficient number of stockholders have already voted to approve the proposed Business Combination, but not all conditions for closing have been satisfied, prompting the postponement [4] - WinVest Acquisition Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination [5] Group 4 - The Company, WinVest BVI, and Xtribe BVI have filed a Registration Statement with the SEC, which includes a Proxy Statement/Prospectus that has been mailed to stockholders [6] - Investors can obtain free copies of the Registration Statement and other relevant documents through the SEC's website [7]
BWR Exploration Inc. Enters into an Amalgamation Agreement with Electro Metals and Mining Inc.
Globenewswire· 2025-08-20 21:39
TORONTO, Aug. 20, 2025 (GLOBE NEWSWIRE) -- BWR Exploration Inc. (TSXV: BWR) a Toronto, Ontario based corporation with its registered address at 82 Richmond Street East, Toronto, Ontario (“BWR”), is pleased to announce that, further to its news release dated December 24, 2024, it has entered into an amalgamation agreement dated August 19, 2025 (the "Agreement") with Electro Metals and Mining Inc. ("Electro"), and BWR’s wholly owned subsidiary ("Subco")(the "Proposed Transaction"). The Agreement replaces the ...
Mount Logan Capital Inc. Announces Filing of Supplement to Management Information Circular for its Special Meeting of Shareholders to be held on August 22, 2025
Globenewswire· 2025-08-19 21:37
Core Viewpoint - Mount Logan Capital Inc. is progressing with a business combination with 180 Degree Capital Corp, which will result in a new publicly traded entity named New Mount Logan, set to be listed on Nasdaq [1] Group 1: Business Combination Details - The business combination is scheduled for a shareholder meeting on August 22, 2025, to vote on necessary resolutions [1] - An amendment to the merger agreement has been made, increasing the share allocation for 180 Degree Capital shareholders to 110% of its net asset value (NAV) at closing, up from 100% [4] - The valuation of Mount Logan at signing was US$67.4 million, compared to its market capitalization of approximately US$49.9 million as of August 18, 2025 [4] Group 2: Liquidity Programs - New Mount Logan plans to launch a tender offer for US$15 million of its common stock within 60 days post-closing, with the share price set at the implied closing price based on the merger value [5] - Additional stock repurchases of US$10 million are expected to occur periodically over the following 24 months [5] - The liquidity program represents about 19% of the estimated closing merger value, with a share price anticipated to be at least 46% above Mount Logan's estimated closing price of approximately US$1.70 on August 18, 2025 [5] Group 3: Company Overview - Mount Logan Capital Inc. focuses on alternative asset management and insurance solutions, primarily in public and private debt securities in North America [6] - The company also engages in the reinsurance of annuity products through its subsidiaries, Mount Logan Management LLC and Ability Insurance Company [6][8] - ML Management provides investment management services to various investment funds and acts as a collateral manager for collateralized loan obligations [7]
180 Degree Capital Corp. And Mount Logan Capital Inc. Provide Update on Proposed Business Combination
Globenewswire· 2025-08-15 13:00
As of August 14, 2025, in excess of 57%, or more than 90% of the approximately 63% of outstanding shares of 180 Degree Capital voted, are FOR the proposed Business Combination, and in excess of 50% of the outstanding shares of 180 Degree Capital have been voted FOR all other proposals scheduled to be considered at the August 22, 2025 special shareholder meeting As of August 14, 2025, Mount Logan is in receipt of proxies representing votes in excess of the required thresholds to approve the resolutions that ...
180 Degree Capital Corp. and Mount Logan Capital Inc. Provide Update on Proposed Business Combination
Globenewswire· 2025-08-15 11:30
Core Viewpoint - The proposed business combination between 180 Degree Capital and Mount Logan Capital is receiving strong support from shareholders, with over 57% of 180 Degree Capital's outstanding shares voted in favor as of August 14, 2025 [1][2][3] Company Updates - 180 Degree Capital is actively engaging in dialogue with its shareholders regarding the proposed business combination, indicating confidence in achieving the required vote thresholds [2][3] - The special meetings for shareholders of both companies to approve the business combination are scheduled for August 22, 2025 [3] Management Statements - Kevin Rendino, CEO of 180 Degree Capital, expressed encouragement regarding shareholder support and emphasized the importance of proper structure and governance for the combined company [3] - Ted Goldthorpe, CEO of Mount Logan, highlighted the confidence in the business logic of the combination and the focus on long-term value creation [3] Company Profiles - 180 Degree Capital Corp. is a publicly traded closed-end fund that invests in undervalued small publicly traded companies, aiming for significant turnarounds [5] - Mount Logan Capital Inc. specializes in alternative asset management and insurance solutions, focusing on public and private debt securities in North America [7]
Pioneer Acquisition I Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about August 15, 2025
Globenewswire· 2025-08-12 20:05
BROOKLYN, N.Y., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Pioneer Acquisition I Corp (Nasdaq: PACHU) (the “Company”) announced that holders of the units sold in the Company’s initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the exercise by the underwriters of their overallotment option, completed on June 20, 2025 (the “Offering”) may elect to separately trade the Class A ordinary shares and warrants included in the units commencing on or about August 15, 2025. Any units ...
Integrated Wellness Acquisition Corp. and Btab Ecommerce Group, Inc. Announce Filing of Registration Statement on Form S-4 with the SEC
Globenewswire· 2025-08-04 12:30
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]