SPAC Highlights (Dec, 9 – Dec, 15)

Coliseum Acquisition Corp. and Rain Enhancement Technologies Announce Effectiveness of Registration Statement

December 10, 2024

Merger Vote: Dec 23, 24

Industry:

BLANK CHECKS

New York, NY and Naples, FL – Coliseum Acquisition Corp. (Nasdaq: MITA, MITAU, MITAW), a special purpose acquisition company (SPAC), and Rain Enhancement Technologies, Inc. (RET), a company developing rainfall generation technology, announced that the registration statement on Form S-4 related to their proposed business combination has been declared effective by the U.S. Securities and Exchange Commission (SEC).

The extraordinary general meeting of Coliseum shareholders to vote on the business combination will be held on December 23, 2024. The parties anticipate that the business combination will close in December 2024, subject to the satisfaction of the closing conditions.

Namib Minerals and Hennessy Capital Investment Corp. VI Announce Filing of Registration Statement

December 9, 2024

Definitive Agreement: Jun 18, 24

Industry:

BLANK CHECKS

New York, NY – Namib Minerals, an African gold mining company, along with its affiliate Greenstone Corporation, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with its planned business combination with Hennessy Capital Investment Corp. VI (Nasdaq: HCVI, HCVIU, HCVIW), a special purpose acquisition company (SPAC).

The merger is expected to result in Namib Minerals listing its ordinary shares on the Nasdaq under the ticker symbol “NAMM.” The transaction values Namib Minerals at a pre-money enterprise value of $500 million. Proceeds will be used to accelerate Namib Minerals’ growth plans, including restarting two gold mines in Zimbabwe and expanding into battery metal assets in the Democratic Republic of Congo.

“This transaction positions us to advance our strategy,” said Ibrahima Tall, CEO of Namib Minerals. “We are excited about the opportunities this partnership creates to deliver long-term value to our stakeholders.”

Daniel Hennessy, CEO of Hennessy Capital, added: “We are proud to support Namib Minerals as it continues to build a leading Pan-African platform for precious and critical metals production.”

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