OceanTech Acquisitions I Corp. to Combine with Majic Wheels Corp. (Majic Corp.)
November 15, 2022
OceanTech Acquisitions I Corp. and Majic Wheels Corp. entered into a definitive business combination agreement under which Majic Wheels will become a publicly listed company on Nasdaq. Upon closing, OceanTech will be renamed Majic Corp. with an expected transaction value of approximately $200 million and a forward share purchase backstop of up to $40 million by Meteora Capital Partners.
- Buyers
- OceanTech Acquisitions I Corp., Meteora Capital Partners
- Targets
- Majic Wheels Corp.
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
OceanTech Acquisitions I Corp and Captura Biopharma Sign Definitive Business Combination Agreement
August 10, 2022
Biotechnology
OceanTech Acquisitions I Corp., a special purpose acquisition company, signed a definitive merger agreement with Captura Biopharma to take the biotech company public. The combined company is expected to operate under the name Captura Biopharma Holdings, Inc. and remain listed on Nasdaq, subject to SEC, regulatory, and stockholder approvals.
-
Openmarkets Group Enters Plan to Combine With Lake Superior Acquisition Corp (SPAC)
January 23, 2026
Cloud & SaaS
Trading and Wealth Management technology provider Openmarkets Group Pty Ltd has entered into a plan of merger and business combination agreement with Lake Superior Acquisition Corp, a publicly traded SPAC. The transaction is expected to close in 2026, subject to regulatory and shareholder approvals, and would result in the newly combined Openmarkets becoming a Nasdaq-listed company. The deal also aligns with Openmarkets’ expansion into DeFi and tokenization (including Real-World Assets).
-
Waldencast Acquisition Corp. Announces Business Combination with Obagi and Milk Makeup
November 15, 2021
Consumer Products
Waldencast Acquisition Corp. has entered into definitive business combination agreements to combine with Obagi and Milk Makeup in an approximately $1.2 billion transaction that creates a multi-brand beauty and wellness platform. The deal will be funded through Waldencast's IPO proceeds, forward purchase agreements, a PIPE, and seller rollover equity; Obagi's and Milk Makeup's management teams will remain in place and report to Waldencast leadership.
-
Helbiz Acquires Wheels Labs
November 18, 2022
Transportation
Helbiz, Inc. (NASDAQ: HLBZ) has completed its previously announced merger with Wheels Labs, Inc., adding Wheels' micro‑mobility assets and leadership to expand Helbiz’s presence across 67 markets and potentially double annual revenue. Wheels CEO Marco McCottry will lead Helbiz’s North America mobility business as the combined company works to integrate apps, advance product development and accelerate the path to profitability.
-
Enveric Biosciences Acquires MagicMed Industries
May 24, 2021
Biotechnology
Enveric Biosciences entered into a definitive all-stock agreement to acquire MagicMed Industries, a Calgary-based biotechnology company focused on psychedelic-derived drug discovery, in an amalgamation that will make MagicMed an indirect wholly owned subsidiary of Enveric. The deal expands Enveric’s pipeline beyond cannabinoids into psychedelic-derived molecules (psilocybin, DMT derivatives, etc.), includes issuance of Enveric common stock and equity awards to MagicMed shareholders, and contemplates leadership changes with Dr. Joseph Tucker named CEO upon closing.
-
Everything Ice Acquires Magic Ice USA
August 16, 2021
Professional Services
John Burley, owner of Johnstown-based Everything Ice, has acquired Magic Ice USA, a Miami-headquartered provider of seasonal real-ice rinks, ice slides and turnkey winter attractions. The deal brings Magic Ice's rental and event services together with Everything Ice's design and manufacturing capabilities to expand the combined company's service offering and enter new markets.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.