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FoxWayne Enterprises Acquisition Corp. (Nasdaq: FOXW, FOXWU) has postponed its Special Meeting of stockholders from November 30, 2022, to December 13, 2022. The meeting will address key proposals, including an amendment to extend the deadline for completing a business combination from January 22, 2023, to April 22, 2023, with a possible further extension to July 22, 2023. The company will also increase its trust account deposit from $0.02 to $0.045 per share, ensuring a potential redemption amount of approximately $10.22 per share post-extension. The changes aim to address stockholder concerns about redemptions amid new excise tax regulations.
Clover has announced a business combination with FoxWayne Enterprises Acquisition Corp (NASDAQ: FOXW, FOXWU), expected to close in Q1 2023, creating Clover Media Inc. This merger aims to enhance Clover's live streaming platform targeting Gen Z and Millennials. Clover boasts over 9 million users, with plans for a VR Dating and VR Live Streaming launch in Q4 2023. The deal involves the issuance of 15.745 million shares, valued at approximately $157.45 million, with Clover stockholders retaining a majority stake post-combination.
Aerami Therapeutics and FoxWayne Enterprises Acquisition Corp have announced a definitive agreement for a business combination anticipated to close in Q1 2022. The new entity will be named Aerami Therapeutics Holdings, led by Aerami's CEO Steve Thornton. The merger will provide approximately $250 million through the issuance of 25 million shares. Proceeds will fund the Phase 2/3 trial for AER-901, targeting the $5 billion pulmonary arterial hypertension market. Both companies' boards have approved the transaction, pending shareholder votes.
FoxWayne Enterprises Acquisition Corp. (NASDAQ: FOXWU) announced that trading of its Class A common stock and warrants will begin separately on February 26, 2021, on the Nasdaq Capital Market, under the symbols FOXW and FOXWW respectively. The Company, focused on potential mergers in the biotechnology and telemedicine sectors in North America, remains a blank check firm aimed at business combinations. Units that are not separated will continue trading under the symbol FOXWU.
FoxWayne Enterprises Acquisition Corp. has completed its initial public offering (IPO) of 5,750,000 units at $10.00 each, raising $57.5 million. This includes the underwriters' full over-allotment option. Each unit comprises one share of Class A common stock and a redeemable warrant. The company's common stock and warrants will trade on Nasdaq under symbols FOXW and FOXWW, respectively. FoxWayne aims to focus on mergers in the biotechnology and telemedicine sectors within North America. Kingswood Capital Markets managed the offering, which is now effective as declared by the SEC.
FoxWayne Enterprises Acquisition Corp. has priced its initial public offering (IPO) at $10.00 per unit, raising a total of $50 million. The IPO will begin trading on the Nasdaq under the ticker symbol FOXWU on January 20, 2021. Each unit comprises one share of Class A common stock and one redeemable warrant, allowing the holder to purchase additional shares at $11.50 each. The company aims to focus on merger opportunities in the biotechnology and telemedicine sectors. Additionally, underwriters have a 45-day option to purchase 750,000 extra units.
