With Bitcoin $BTC moving back toward recent lows ahead of the June 15, 2026 $MBAV vote, market conditions are making the outcome of the crypto deal increasingly interesting.
@Spac__Trader@SPACspin This was interesting because on one hand he talked about LOI not legally binding and expired but on another hand he repeatedly emphasized they are still working with bankers.
$GULTU The operator announced today that Coastal Drilling Rig 22 is being demobilized and removed from the site. The tug Herbert J. Plaisance originally transported the rig to location. It will be worth tracking where the rig is moved next, as its destination could provide insight into whether another well may be planned on the Highlander prospect.
@thepatheticpawn Hard to be sure. Looks like the drilling and fishing operations are over. They are not drilling deeper or sidetracking right now. The well is being left in a safe sealed condition. My guess, they will complete the well as is and no sidetrack will be needed.
$GULTU Well update. No flights. At 32,868 feet, finished laying down drill pipe and tested blowout preventers on May 27, 2026. Ran 3 1/2 inch tubing kill string to 12,942 feet. Conditioned oil-based mud for temporary packer fluid. Landed tubing in the wellhead on a modified test plug with the bottom of tubing at 13,001 feet. Tested casing to 1,500 pounds per square inch and tested the top of the test plug to 10,000 pounds per square inch. Nippled down blowout preventers, installed and tested dry hole tree to 10,000 pounds per square inch, then started rigging down the top drive and preparing to demobilize the rig.
$XRPN If this crypto treasury SPAC were to terminate deal with Evernorth & get a termination fee, the termination fee would likely be returned to shareholders due to "other asset" wording in letter agreement.
"The undersigned acknowledges that it, he or she has no right, title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company"
https://t.co/MlpZwb8wFl
🤝 Merger — Live Oak Acquisition Corp. V $LOKVU (DEFM14A)
Live Oak Acquisition Corp. V (LOKV), a SPAC, filed a definitive proxy statement/prospectus for its de-SPAC merger with Teamshares Inc. Shareholders will vote on June 16, 2026. Teamsh…
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#Merger#MergerArb
$GULTU Well update. Flights to Las Vegas NV & NYC. Run in hole with open ended drill pipe to 23,105 ft. Circulate and condition. Spot balanced cement plug number 1 from 23,105 ft to 23,305 ft. Pull out of hole to 19,111 ft. Spot balanced cement plug number 2 from 18,911 ft to 19,111 ft. Pull out of hole to 14,114 ft. Spot balanced cement plug number 3 from 13,914 ft to 14,114 ft. Pull out of hole. Run in hole with 16 inch cast iron bridge plug and set at 13,873 ft. Test casing and cast iron bridge plug to 1,650 psi. Pull out of hole. Lay down drill pipe. Start running in hole with remaining drill pipe from derrick.
$NVTS Navitas Semiconductor Corporation and its old SPAC sponsor Live Oak Sponsor Partners II, LLC had a dispute over bonus “earnout” shares from the 2021 SPAC merger. They settled it by giving the sponsor most of the shares it wanted, canceling a smaller portion of shares, and agreeing not to sue each other.
https://t.co/lwrVBNADZw
Egypt just approved its second-ever SPAC listing on the EGX.
OG Capital for Acquisition Purpose Investments.
Capital: EGP 10mn. 10mn shares at EGP 1 nominal.
A blank cheque company, hunting for its target. 🧵
$SIVE Sivers Semiconductor is up 1,500% on AI optics buzz. Pre merger SPAC $BYNO had a letter of intent signed with the company back in August 2024 that was later put on hold and discussions paused.
https://t.co/6jTM3pLa0T
$FGMC Expected to close merger and IPO #BOXABl same day as vote on June 9th, 2026 per SEC filing today.
"BOXABL expects Nasdaq trading on or about June 9th"
https://t.co/F87hgfU9fd