DA for LMAO and SeaStar Medical

by BA Research | Apr 22, 2022

Ending the week with a deal announcement. And the rest of the day’s news in SPACs.

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SPAC Deal: LMAO + SeaStar Medical

LMF Acquisition Opportunities, Inc.(LMAO) announced a DA with SeaStar Medical, a MedTech company developing extracorporeal therapies to reduce the consequences of excessive inflammation on vital organs. The transaction values SeaStar Medical at an enterprise value of approximately $85 million. Expected completion in the third quarter of 2022.

Spring Valley Acquisition Corp. (SV)/ NuScale Makes Noise Ahead of Next Week’s Vote

Spring Valley Acquisition Corp. (SV) / NuScale Power has a press release ahead of next week’s vote on 4/28. The company announced a partnership with the U.S. Reactor Forging Consortium (RFC) to prepare NuScale to deploy its small modular reactor (SMR) technology to customers.

Deadline Extension: Better World Acquisition Corp. (BWAC)

Better World Acquisition Corp. (BWAC) sets 5/12 for extension vote, an increase of $0.10 per share depending on redemptions for extension to August. Current NAV ~$10.30, up to $10.40 on high redemptions.

Elsewhere in SPACs

TradeUP Global Corp. (TUGC). 2M shares redeemed in TUGC / SAITECH (SAI) vote. No specifics on time to close.

Upcoming Merger and Extension Votes

Source: Boardroom Alpha

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