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Semper Paratus Acquisition Corporation - LGST STOCK NEWS

Welcome to our dedicated page for Semper Paratus Acquisition Corporation news (Ticker: LGST), a resource for investors and traders seeking the latest updates and insights on Semper Paratus Acquisition Corporation stock.

Semper Paratus Acquisition Corporation (symbol: LGST) is a special purpose acquisition company (SPAC) focused on identifying and merging with businesses poised for growth. As a SPAC, the company's primary objective is to provide a streamlined path for private companies to become publicly traded, thereby facilitating their access to capital and enhancing their visibility in the market.

Semper Paratus Acquisition Corporation is dedicated to sectors with high growth potential, leveraging its extensive network and expertise to identify promising targets. The company's recent activities have been centered around forming strategic partnerships and exploring innovative markets, demonstrating its commitment to value creation for its shareholders.

In terms of financial condition, Semper Paratus operates with a disciplined investment approach, ensuring that they maintain a robust financial foundation. The company’s strategic decisions are backed by thorough market research and trend analysis, aimed at optimizing the returns on their investments.

Recent news highlights Semper Paratus's collaboration with Tevogen Bio, a cutting-edge biotechnology firm. The partnership aims to advance groundbreaking healthcare solutions, showcasing Semper Paratus's dedication to impactful investments in life sciences. This collaboration is a testament to their strategy of aligning with companies that have the potential to revolutionize their fields.

Overall, Semper Paratus Acquisition Corporation stands out in the SPAC landscape for its methodical approach to mergers and acquisitions and its unwavering focus on high-potential industries. Their actions and partnerships reflect a strategic vision geared towards creating long-term shareholder value while contributing positively to the industries they operate in.

Rhea-AI Summary
Tevogen Bio Holdings Inc. completes a business combination with Semper Paratus Acquisition Corporation, leading to its listing on Nasdaq under ticker symbols TVGN and TVGNW. The listing is expected to provide increased access to capital for the development of genetically unmodified off-the-shelf T cell therapy products for various medical fields.
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Semper Paratus Acquisition Corporation (Nasdaq: LGST) has received shareholder approval for the proposed business combination with Tevogen Bio Inc. The Business Combination is expected to be consummated soon, with the common stock of the combined company trading on Nasdaq under the symbol 'TVGN'. Shareholders exercised their right to redeem their shares, with approximately $15.9 million expected to be removed from the Trust Account to pay such holders.
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Semper Paratus Acquisition Corporation, a special purpose acquisition company, has filed a Prospectus Supplement for its upcoming extraordinary general meeting to consider the Business Combination with Tevogen Bio Inc, which includes de-registering from the Cayman Islands and redomesticating to the State of Delaware. The parties have also agreed to seek listing the New Tevogen common stock and public warrants on a tier of The Nasdaq Stock Market instead of the NYSE American.
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Tevogen Bio Inc (Tevogen Bio) and Semper Paratus Acquisition Corporation (Nasdaq: LGST, LGSTW) have announced a proposed business combination with an expected pro forma equity value of $1.2 billion. The transaction will result in the post-closing combined company being renamed Tevogen Bio Holdings Inc. The Business Combination is expected to close shortly after the Special Meeting, subject to shareholder approvals and customary closing conditions.
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Semper Paratus Acquisition Corporation (Nasdaq: LGST) regains compliance with Nasdaq Listing Rule 5450(b)(2)(A) by maintaining a Market Value of Listed Securities (MVLS) of $50,000,000 for ten consecutive business days.
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Semper Paratus Acquisition Corporation files registration statement for proposed business combination with Tevogen Bio Inc.
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FAQ

What is the market cap of Semper Paratus Acquisition Corporation (LGST)?

The market cap of Semper Paratus Acquisition Corporation (LGST) is approximately 67.4M.

What is Semper Paratus Acquisition Corporation?

Semper Paratus Acquisition Corporation (LGST) is a special purpose acquisition company focused on merging with businesses with high growth potential.

What sectors does Semper Paratus Acquisition Corporation target?

The company targets sectors with high growth potential, leveraging their expertise and network to identify promising business opportunities.

What is the significance of the recent partnership with Tevogen Bio?

The partnership with Tevogen Bio aims to advance innovative healthcare solutions, demonstrating Semper Paratus's commitment to impactful investments in life sciences.

How does Semper Paratus ensure financial stability?

The company operates with a disciplined investment approach and bases its strategic decisions on thorough market research and trend analysis.

What is a SPAC?

A Special Purpose Acquisition Company (SPAC) is a company created to raise capital through an initial public offering (IPO) with the purpose of acquiring an existing company.

How does Semper Paratus create value for its shareholders?

By identifying and merging with high-potential companies, Semper Paratus provides a pathway for growth, enhancing market visibility and access to capital.

What is the goal of Semper Paratus's mergers and acquisitions strategy?

Their goal is to create long-term shareholder value by aligning with businesses that have significant potential for growth and innovation.

How does Semper Paratus choose its merger targets?

The company uses market research and trend analysis to identify high-potential businesses in sectors poised for growth.

What are the benefits of a company going public through a SPAC like Semper Paratus?

Going public through a SPAC provides companies with quick access to capital and increased market visibility, which can facilitate growth and expansion.

How can I get in touch with Semper Paratus Acquisition Corporation?

You can contact Semper Paratus Acquisition Corporation via suren@semperparatusspac.com.

Semper Paratus Acquisition Corporation

Nasdaq:LGST

LGST Rankings

LGST Stock Data

67.36M
6.05M
88.94%
20.1%
0.02%
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